RLB.TO vs. RQO.TO
RLB.TO (RBC 1-5 Year Laddered Canadian Bond ETF) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both exchange-traded funds - RLB.TO is a Total Bond Market fund actively managed by RBC, while RQO.TO is a Corporate Bonds fund actively managed by RBC. Both are actively managed. Over the past 5 years, RLB.TO returned 2.10%/yr vs 1.59%/yr for RQO.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
RLB.TO vs. RQO.TO - Performance Comparison
Loading charts...
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with RLB.TO at 1.23% and RQO.TO at 1.23%.
RLB.TO
- 1D
- 0.11%
- 1M
- -0.05%
- 6M
- 0.96%
- YTD
- 1.23%
- 1Y
- 3.35%
- 3Y*
- 5.06%
- 5Y*
- 2.10%
- 10Y*
- 2.15%
RQO.TO
- 1D
- 0.05%
- 1M
- 0.24%
- 6M
- 1.17%
- YTD
- 1.23%
- 1Y
- 2.90%
- 3Y*
- 5.11%
- 5Y*
- 1.59%
- 10Y*
- —
RLB.TO vs. RQO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RLB.TO RBC 1-5 Year Laddered Canadian Bond ETF | 1.23% | 3.97% | 5.39% | 5.93% | -5.15% | -0.78% | 0.51% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
Correlation
The correlation between RLB.TO and RQO.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.44 |
Over the past year, the correlation between RLB.TO and RQO.TO has dropped to 0.21 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RLB.TO vs. RQO.TO — Risk / Return Rank
RLB.TO
RQO.TO
RLB.TO vs. RQO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC 1-5 Year Laddered Canadian Bond ETF (RLB.TO) and RBC Target 2026 Corporate Bond Index ETF (RQO.TO). 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.
| RLB.TO | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -5.07 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 2.05 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 27.50 | -25.22 |
| Martin ratioReturn relative to average drawdown | 7.18 | 91.66 | -84.47 |
Loading charts...
Drawdowns
RLB.TO vs. RQO.TO - Drawdown Comparison
The maximum RLB.TO drawdown since its inception was -13.93%, which is greater than RQO.TO's maximum drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for RLB.TO and RQO.TO.
Loading charts...
Drawdown Indicators
| RLB.TO | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.93% | -12.86% | -1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -1.48% | -0.11% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.48% | -0.93% | -0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -7.68% | -11.65% | +3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -13.93% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -1.52% | -3.73% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.47% | 0.03% | +0.44% |
Volatility
RLB.TO vs. RQO.TO - Volatility Comparison
RBC 1-5 Year Laddered Canadian Bond ETF (RLB.TO) has a higher volatility of 0.53% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.15%. This indicates that RLB.TO's price experiences larger fluctuations and is considered to be riskier than RQO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RLB.TO | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.15% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.97% | 0.47% | +1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.34% | 0.72% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 2.98% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.40% | 2.93% | +1.47% |
Dividends
RLB.TO vs. RQO.TO - Dividend Comparison
RLB.TO's dividend yield for the trailing twelve months is around 3.47%, more than RQO.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RLB.TO RBC 1-5 Year Laddered Canadian Bond ETF | 3.47% | 3.25% | 2.99% | 2.65% | 2.54% | 2.27% | 2.44% | 2.66% | 2.81% | 2.95% | 2.32% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RLB.TO and RQO.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLB.TO is categorized as Total Bond Market, while RQO.TO is Corporate Bonds.
Find the right allocation for RLB.TO and RQO.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer