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RPD.TO vs. RBNK.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RPD.TO vs. RBNK.TO

Last updated Jul 16, 2026
Documentation

RPD.TO (RBC Quant European Dividend Leaders ETF) and RBNK.TO (RBC Canadian Bank Yield Index ETF) are both exchange-traded funds - RPD.TO is a Europe Equities fund actively managed by RBC, while RBNK.TO is a Financials Equities fund tracking the Solactive Canada Bank Yield Index. RPD.TO is actively managed, while RBNK.TO is passively managed. Over the past 5 years, RPD.TO returned 14.90%/yr vs 21.30%/yr for RBNK.TO. At a 0.32 correlation, their price movements are largely independent.

Performance

RPD.TO vs. RBNK.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant European Dividend Leaders ETF (RPD.TO) and RBC Canadian Bank Yield Index ETF (RBNK.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RPD.TO achieves a 16.20% return, which is significantly lower than RBNK.TO's 37.31% return.

RPD.TO

1D
0.00%
1M
-0.42%
6M
11.45%
YTD
16.20%
1Y
33.74%
3Y*
23.92%
5Y*
14.90%
10Y*
9.99%

RBNK.TO

1D
1.48%
1M
8.67%
6M
35.30%
YTD
37.31%
1Y
75.38%
3Y*
38.06%
5Y*
21.30%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RPD.TO vs. RBNK.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RPD.TO
RBC Quant European Dividend Leaders ETF		16.20%39.81%9.01%20.93%-10.71%17.45%-1.87%10.32%-9.50%-0.00%
RBNK.TO
RBC Canadian Bank Yield Index ETF		37.31%44.94%23.12%11.05%-13.12%40.33%3.38%16.86%-9.12%3.92%

Correlation

The correlation between RPD.TO and RBNK.TO is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (All Time)
Calculated using the full available price history since Oct 19, 2017

0.32

The correlation between RPD.TO and RBNK.TO shifts across timeframes, from 0.30 (5 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

RBC Quant European Dividend Leaders ETF

RBC Canadian Bank Yield Index ETF

Often compared with RBNK.TO:
RBNK.TO vs. BANK.TORBNK.TO vs. ZWB.TORBNK.TO vs. ZEB.TORBNK.TO vs. XEI.TORBNK.TO vs. VDY.TORBNK.TO vs. XGD.TORBNK.TO vs. CGI.TO

Return for Risk

RPD.TO vs. RBNK.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RPD.TO
RPD.TO Risk / Return Rank: 8787
Overall Rank
RPD.TO Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
RPD.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
RPD.TO Omega Ratio Rank: 8888
Omega Ratio Rank
RPD.TO Calmar Ratio Rank: 8383
Calmar Ratio Rank
RPD.TO Martin Ratio Rank: 8585
Martin Ratio Rank
RBNK.TO
RBNK.TO Risk / Return Rank: 9898
Overall Rank
RBNK.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
RBNK.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
RBNK.TO Omega Ratio Rank: 9898
Omega Ratio Rank
RBNK.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
RBNK.TO Martin Ratio Rank: 9797
Martin Ratio Rank
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.

RPD.TO vs. RBNK.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Quant European Dividend Leaders ETF (RPD.TO) and RBC Canadian Bank Yield Index ETF (RBNK.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.

RPD.TORBNK.TODifference
Sharpe ratioReturn per unit of total volatility
2.42
5.42

-3.00

Sortino ratioReturn per unit of downside risk
3.44
6.91

-3.47

Omega ratioGain probability vs. loss probability

1.44

1.96

-0.52

Calmar ratioReturn relative to maximum drawdown

3.58

8.34

-4.77

Martin ratioReturn relative to average drawdown

13.68

35.84

-22.16

RPD.TO vs. RBNK.TO - Sharpe Ratio Comparison

The current RPD.TO Sharpe Ratio is 2.42, which is lower than the RBNK.TO Sharpe Ratio of 5.42. The chart below compares the historical Sharpe Ratios of RPD.TO and RBNK.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RPD.TO vs. RBNK.TO - Drawdown Comparison

The maximum RPD.TO drawdown since its inception was -34.70%, smaller than the maximum RBNK.TO drawdown of -39.23%. Use the drawdown chart below to compare losses from any high point for RPD.TO and RBNK.TO.

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Drawdown Indicators

RPD.TORBNK.TODifference

Max Drawdown

Largest peak-to-trough decline

-34.70%

-39.23%

+4.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.48%

-9.08%

-0.40%

Max Drawdown (3Y)

Largest decline over 3 years

-13.77%

-14.86%

+1.09%

Max Drawdown (5Y)

Largest decline over 5 years

-26.48%

-28.60%

+2.12%

Max Drawdown (10Y)

Largest decline over 10 years

-34.70%

—

—

Current Drawdown

Current decline from peak

-2.50%

0.00%

-2.50%

Average Drawdown

Average peak-to-trough decline

-6.09%

-7.46%

+1.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.47%

2.11%

+0.36%

Volatility

RPD.TO vs. RBNK.TO - Volatility Comparison

The current volatility for RBC Quant European Dividend Leaders ETF (RPD.TO) is 3.21%, while RBC Canadian Bank Yield Index ETF (RBNK.TO) has a volatility of 4.07%. This indicates that RPD.TO experiences smaller price fluctuations and is considered to be less risky than RBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RPD.TORBNK.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

4.07%

-0.86%

Volatility (6M)

Calculated over the trailing 6-month period

11.77%

12.01%

-0.24%

Volatility (1Y)

Calculated over the trailing 1-year period

14.03%

13.99%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.78%

14.00%

+0.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.54%

18.21%

-2.67%

Dividends

RPD.TO vs. RBNK.TO - Dividend Comparison

RPD.TO's dividend yield for the trailing twelve months is around 2.85%, more than RBNK.TO's 2.62% yield.

PositionTTM20252024202320222021202020192018201720162015
RBNK.TO
RBC Canadian Bank Yield Index ETF		2.62%3.39%4.50%4.81%4.52%3.09%4.21%3.89%4.09%0.56%0.00%0.00%
RPD.TO
RBC Quant European Dividend Leaders ETF		2.85%2.97%3.46%3.47%3.63%2.37%3.14%5.53%5.54%3.01%3.63%3.10%

Frequently Asked Questions

RPD.TO and RBNK.TO have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RPD.TO is categorized as Europe Equities, while RBNK.TO is Financials Equities.

Portfolio Optimizer

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