RPDH.TO vs. RPD.TO

Last updated Jul 16, 2026

RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) and RPD.TO (RBC Quant European Dividend Leaders ETF) are both Europe Equities funds from RBC. Both are actively managed. Over the past 10 years, RPDH.TO returned 9.87%/yr vs 9.99%/yr for RPD.TO. At a 0.46 correlation, their price movements are largely independent.

Performance

RPDH.TO vs. RPD.TO - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with RPDH.TO having a 15.79% return and RPD.TO slightly higher at 16.20%. Both investments have delivered pretty close results over the past 10 years, with RPDH.TO having a 9.87% annualized return and RPD.TO not far ahead at 9.99%.

RPDH.TO

• 1D: 0.14%
• 1M: 0.67%
• 6M: 12.41%
• YTD: 15.79%
• 1Y: 31.29%
• 3Y*: 20.76%
• 5Y*: 13.49%
• 10Y*: 9.87%

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPDH.TO RBC Quant European Dividend Leaders CAD Hedged ETF	15.79%	30.87%	7.58%	17.83%	-6.14%	23.21%	-7.43%	17.35%	-8.22%	8.35%
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%	11.02%

Correlation

The correlation between RPDH.TO and RPD.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 17, 2014	0.46

The correlation between RPDH.TO and RPD.TO shifts across timeframes, from 0.30 (1 year) to 0.50 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

RPDH.TO

RPDH.TO Risk / Return Rank: 92
RPDH.TO Sharpe Ratio Rank: 94
RPDH.TO Sortino Ratio Rank: 94
RPDH.TO Omega Ratio Rank: 94
RPDH.TO Calmar Ratio Rank: 88
RPDH.TO Martin Ratio Rank: 89

RPD.TO

RPD.TO Risk / Return Rank: 87
RPD.TO Sharpe Ratio Rank: 90
RPD.TO Sortino Ratio Rank: 90
RPD.TO Omega Ratio Rank: 88
RPD.TO Calmar Ratio Rank: 83
RPD.TO Martin Ratio Rank: 85

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.

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

This table presents a comparison of risk-adjusted performance metrics for RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) and RBC Quant European Dividend Leaders ETF (RPD.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.

	RPDH.TO	RPD.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.76	2.42	+0.34
Sortino ratio: Return per unit of downside risk	4.03	3.44	+0.59
Omega ratio: Gain probability vs. loss probability	1.57	1.44	+0.13
Calmar ratio: Return relative to maximum drawdown	4.03	3.58	+0.45
Martin ratio: Return relative to average drawdown	15.82	13.68	+2.14

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

The current RPDH.TO Sharpe Ratio is 2.76, which is comparable to the RPD.TO Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of RPDH.TO and RPD.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.

Drawdowns

RPDH.TO vs. RPD.TO - Drawdown Comparison

The maximum RPDH.TO drawdown since its inception was -36.38%, roughly equal to the maximum RPD.TO drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for RPDH.TO and RPD.TO.

Drawdown Indicators

	RPDH.TO	RPD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-36.38%	-34.70%	-1.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	-9.48%	+1.67%
Max Drawdown (3Y) Largest decline over 3 years	-13.56%	-13.77%	+0.21%
Max Drawdown (5Y) Largest decline over 5 years	-19.22%	-26.48%	+7.26%
Max Drawdown (10Y) Largest decline over 10 years	-36.38%	-34.70%	-1.68%
Current Drawdown Current decline from peak	-1.54%	-2.50%	+0.96%
Average Drawdown Average peak-to-trough decline	-5.09%	-6.09%	+1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.47%	-0.49%

Volatility

RPDH.TO vs. RPD.TO - Volatility Comparison

The current volatility for RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) is 3.04%, while RBC Quant European Dividend Leaders ETF (RPD.TO) has a volatility of 3.21%. This indicates that RPDH.TO experiences smaller price fluctuations and is considered to be less risky than RPD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPDH.TO	RPD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.21%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	11.77%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.39%	14.03%	-2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.87%	14.78%	-0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	15.54%	+0.58%

Dividends

RPDH.TO vs. RPD.TO - Dividend Comparison

RPDH.TO's dividend yield for the trailing twelve months is around 3.02%, more than RPD.TO's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RPDH.TO RBC Quant European Dividend Leaders CAD Hedged ETF	3.02%	3.08%	3.71%	3.42%	4.00%	2.38%	3.27%	5.42%	5.06%	2.91%	3.80%	3.08%

Frequently Asked Questions

Can I hold both RPDH.TO and RPD.TO in my portfolio?

RPDH.TO and RPD.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.