RIBIX vs. TMCIX

Last updated Jul 14, 2026

RIBIX (RBC Impact Bond Fund) and TMCIX (RBC SMID Cap Growth Fund) are both mutual funds - RIBIX is a Intermediate Core Bond fund managed by RBC Global Asset Management., while TMCIX is a Mid Cap Growth Equities fund managed by RBC Global Asset Management.. Over the past 5 years, RIBIX returned -1.32%/yr vs 3.92%/yr for TMCIX. At a 0.03 correlation, their price movements are largely independent. RIBIX charges 0.73%/yr vs 0.82%/yr for TMCIX.

Performance

RIBIX vs. TMCIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC Impact Bond Fund (RIBIX) and RBC SMID Cap Growth Fund (TMCIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RIBIX achieves a -2.50% return, which is significantly lower than TMCIX's 6.14% return.

RIBIX

• 1D: -0.24%
• 1M: -0.86%
• 6M: -2.39%
• YTD: -2.50%
• 1Y: 0.30%
• 3Y*: 2.74%
• 5Y*: -1.32%
• 10Y*: —

TMCIX

• 1D: 0.00%
• 1M: 3.48%
• 6M: 0.45%
• YTD: 6.14%
• 1Y: 9.30%
• 3Y*: 5.01%
• 5Y*: 3.92%
• 10Y*: 9.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RIBIX vs. TMCIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RIBIX RBC Impact Bond Fund	-2.50%	5.95%	1.11%	5.50%	-14.47%	-1.86%	7.98%	7.53%	-0.60%	0.00%
TMCIX RBC SMID Cap Growth Fund	6.14%	-0.79%	6.78%	17.32%	-16.59%	23.50%	20.52%	33.98%	-4.58%	-0.58%

Correlation

The correlation between RIBIX and TMCIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 29, 2017	0.03

Over the past year, RIBIX and TMCIX have become more correlated (0.34) than their long-term average of 0.03, meaning their price movements have been converging.

Return for Risk

RIBIX vs. TMCIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RIBIX

RIBIX Risk / Return Rank: 3
RIBIX Sharpe Ratio Rank: 3
RIBIX Sortino Ratio Rank: 3
RIBIX Omega Ratio Rank: 3
RIBIX Calmar Ratio Rank: 3
RIBIX Martin Ratio Rank: 3

TMCIX

TMCIX Risk / Return Rank: 9
TMCIX Sharpe Ratio Rank: 9
TMCIX Sortino Ratio Rank: 10
TMCIX Omega Ratio Rank: 8
TMCIX Calmar Ratio Rank: 9
TMCIX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RIBIX vs. TMCIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Impact Bond Fund (RIBIX) and RBC SMID Cap Growth Fund (TMCIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	RIBIX	TMCIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	0.47	-0.49
Sortino ratio: Return per unit of downside risk	0.01	0.83	-0.82
Omega ratio: Gain probability vs. loss probability	1.00	1.09	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.02	0.58	-0.59
Martin ratio: Return relative to average drawdown	-0.04	1.59	-1.63

RIBIX vs. TMCIX - Sharpe Ratio Comparison

The current RIBIX Sharpe Ratio is -0.01, which is lower than the TMCIX Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of RIBIX and TMCIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RIBIX vs. TMCIX - Drawdown Comparison

The maximum RIBIX drawdown since its inception was -19.37%, smaller than the maximum TMCIX drawdown of -57.70%. Use the drawdown chart below to compare losses from any high point for RIBIX and TMCIX.

Drawdown Indicators

	RIBIX	TMCIX	Difference
Max Drawdown Largest peak-to-trough decline	-19.37%	-57.70%	+38.33%
Max Drawdown (1Y) Largest decline over 1 year	-3.29%	-13.76%	+10.47%
Max Drawdown (3Y) Largest decline over 3 years	-6.20%	-25.64%	+19.44%
Max Drawdown (5Y) Largest decline over 5 years	-18.98%	-25.64%	+6.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.34%	—
Current Drawdown Current decline from peak	-7.78%	-1.38%	-6.40%
Average Drawdown Average peak-to-trough decline	-6.44%	-16.53%	+10.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.35%	4.96%	-3.61%

Volatility

RIBIX vs. TMCIX - Volatility Comparison

The current volatility for RBC Impact Bond Fund (RIBIX) is 1.06%, while RBC SMID Cap Growth Fund (TMCIX) has a volatility of 5.09%. This indicates that RIBIX experiences smaller price fluctuations and is considered to be less risky than TMCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RIBIX	TMCIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.06%	5.09%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	3.05%	12.12%	-9.07%
Volatility (1Y) Calculated over the trailing 1-year period	4.17%	16.78%	-12.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.97%	20.24%	-14.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.17%	20.72%	-15.55%

RIBIX vs. TMCIX - Expense Ratio Comparison

RIBIX has a 0.73% expense ratio, which is lower than TMCIX's 0.82% expense ratio.

Dividends

RIBIX vs. TMCIX - Dividend Comparison

RIBIX's dividend yield for the trailing twelve months is around 3.73%, less than TMCIX's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RIBIX RBC Impact Bond Fund	3.73%	4.02%	3.35%	2.50%	2.10%	1.94%	3.28%	3.91%	2.44%	0.05%	0.00%	0.00%
TMCIX RBC SMID Cap Growth Fund	7.33%	7.78%	1.32%	2.04%	7.82%	24.68%	2.63%	7.32%	9.26%	22.57%	7.25%	11.05%

Frequently Asked Questions

Can I hold both RIBIX and TMCIX in my portfolio?

RIBIX and TMCIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RIBIX or TMCIX?

TMCIX has higher volatility (5.09%) compared to RIBIX (1.06%). In terms of maximum drawdown, RIBIX dropped -19.37% vs TMCIX's -57.70%.

Which has better risk-adjusted returns?

TMCIX currently has the higher Sharpe Ratio (0.47 vs -0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.