RPD.TO vs. RCDB.NEO
RPD.TO (RBC Quant European Dividend Leaders ETF) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both exchange-traded funds - RPD.TO is a Europe Equities fund actively managed by RBC, while RCDB.NEO is a Short-Term Bond fund actively managed by RBC. Both are actively managed. Over the past 5 years, RPD.TO returned 14.90%/yr vs 2.27%/yr for RCDB.NEO. At a 0.08 correlation, their price movements are largely independent.
Performance
RPD.TO vs. RCDB.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, RPD.TO achieves a 16.20% return, which is significantly higher than RCDB.NEO's 1.36% 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%
RCDB.NEO
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 1.03%
- YTD
- 1.36%
- 1Y
- 3.56%
- 3Y*
- 5.00%
- 5Y*
- 2.27%
- 10Y*
- —
RPD.TO vs. RCDB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RPD.TO RBC Quant European Dividend Leaders ETF | 16.20% | 39.81% | 9.01% | 20.93% | -10.71% | 17.45% | -1.87% | 5.47% |
RCDB.NEO RBC Canadian Discount Bond ETF | 1.36% | 3.75% | 5.58% | 5.68% | -4.07% | -0.68% | 5.61% | 0.58% |
Correlation
The correlation between RPD.TO and RCDB.NEO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.08 |
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Return for Risk
RPD.TO vs. RCDB.NEO — Risk / Return Rank
RPD.TO
RCDB.NEO
RPD.TO vs. RCDB.NEO - 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 Discount Bond ETF (RCDB.NEO). 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.TO | RCDB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.25 | +1.33 |
| Martin ratioReturn relative to average drawdown | 13.68 | 7.88 | +5.80 |
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Drawdowns
RPD.TO vs. RCDB.NEO - Drawdown Comparison
The maximum RPD.TO drawdown since its inception was -34.70%, which is greater than RCDB.NEO's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for RPD.TO and RCDB.NEO.
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Drawdown Indicators
| RPD.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -8.31% | -26.39% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -1.59% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -13.77% | -1.59% | -12.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.48% | -6.90% | -19.58% |
Max Drawdown (10Y)Largest decline over 10 years | -34.70% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -0.19% | -2.31% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -1.39% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 0.45% | +2.02% |
Volatility
RPD.TO vs. RCDB.NEO - Volatility Comparison
RBC Quant European Dividend Leaders ETF (RPD.TO) has a higher volatility of 3.21% compared to RBC Canadian Discount Bond ETF (RCDB.NEO) at 0.63%. This indicates that RPD.TO's price experiences larger fluctuations and is considered to be riskier than RCDB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPD.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 0.63% | +2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 11.77% | 1.69% | +10.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.03% | 2.31% | +11.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 2.84% | +11.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 5.44% | +10.10% |
Dividends
RPD.TO vs. RCDB.NEO - Dividend Comparison
RPD.TO's dividend yield for the trailing twelve months is around 2.85%, more than RCDB.NEO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCDB.NEO RBC Canadian Discount Bond ETF | 2.17% | 1.96% | 1.58% | 1.22% | 1.16% | 1.33% | 1.68% | 0.78% | 0.00% | 0.00% | 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 RCDB.NEO have a correlation of 0.17, 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 RCDB.NEO is Short-Term Bond.
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