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RPDH.TO vs. RQO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RPDH.TO vs. RQO.TO

Last updated Jul 16, 2026
Documentation

RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both exchange-traded funds - RPDH.TO is a Europe Equities 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, RPDH.TO returned 13.49%/yr vs 1.59%/yr for RQO.TO. At a 0.03 correlation, their price movements are largely independent.

Performance

RPDH.TO vs. RQO.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 Target 2026 Corporate Bond Index ETF (RQO.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, RPDH.TO achieves a 15.79% return, which is significantly higher than RQO.TO's 1.23% return.

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%

RQO.TO

1D
0.05%
1M
0.24%
6M
1.17%
YTD
1.23%
1Y
2.90%
3Y*
5.11%
5Y*
1.59%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		15.79%30.87%7.58%17.83%-6.14%23.21%5.14%
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 RPDH.TO and RQO.TO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

0.02

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

0.02

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

0.03

Correlation (All Time)
Calculated using the full available price history since Sep 18, 2020

0.03

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RBC Quant European Dividend Leaders CAD Hedged ETF

RBC Target 2026 Corporate Bond Index ETF

Return for Risk

RPDH.TO vs. RQO.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: 9292
Overall Rank
RPDH.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
RPDH.TO Sortino Ratio Rank: 9494
Sortino Ratio Rank
RPDH.TO Omega Ratio Rank: 9494
Omega Ratio Rank
RPDH.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
RPDH.TO Martin Ratio Rank: 8989
Martin Ratio Rank
RQO.TO
RQO.TO Risk / Return Rank: 9898
Overall Rank
RQO.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RQO.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
RQO.TO Omega Ratio Rank: 9898
Omega Ratio Rank
RQO.TO Calmar Ratio Rank: 9999
Calmar Ratio Rank
RQO.TO Martin Ratio Rank: 9999
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.

RPDH.TO vs. RQO.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 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.

RPDH.TORQO.TODifference
Sharpe ratioReturn per unit of total volatility
2.76
4.12

-1.36

Sortino ratioReturn per unit of downside risk
4.03
7.16

-3.13

Omega ratioGain probability vs. loss probability

1.57

2.05

-0.48

Calmar ratioReturn relative to maximum drawdown

4.03

27.50

-23.47

Martin ratioReturn relative to average drawdown

15.82

91.66

-75.84

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

The current RPDH.TO Sharpe Ratio is 2.76, which is lower than the RQO.TO Sharpe Ratio of 4.12. The chart below compares the historical Sharpe Ratios of RPDH.TO and RQO.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

RPDH.TO vs. RQO.TO - Drawdown Comparison

The maximum RPDH.TO drawdown since its inception was -36.38%, 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 RPDH.TO and RQO.TO.

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Drawdown Indicators

RPDH.TORQO.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.38%

-12.86%

-23.52%

Max Drawdown (1Y)

Largest decline over 1 year

-7.81%

-0.11%

-7.70%

Max Drawdown (3Y)

Largest decline over 3 years

-13.56%

-0.93%

-12.63%

Max Drawdown (5Y)

Largest decline over 5 years

-19.22%

-11.65%

-7.57%

Max Drawdown (10Y)

Largest decline over 10 years

-36.38%

—

—

Current Drawdown

Current decline from peak

-1.54%

0.00%

-1.54%

Average Drawdown

Average peak-to-trough decline

-5.09%

-3.73%

-1.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

0.03%

+1.95%

Volatility

RPDH.TO vs. RQO.TO - Volatility Comparison

RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) has a higher volatility of 3.04% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.15%. This indicates that RPDH.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.

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Volatility by Period

RPDH.TORQO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

0.15%

+2.89%

Volatility (6M)

Calculated over the trailing 6-month period

9.17%

0.47%

+8.70%

Volatility (1Y)

Calculated over the trailing 1-year period

11.39%

0.72%

+10.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.87%

2.98%

+10.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.12%

2.93%

+13.19%

Dividends

RPDH.TO vs. RQO.TO - Dividend Comparison

RPDH.TO's dividend yield for the trailing twelve months is around 3.02%, which matches RQO.TO's 3.03% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
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%0.00%

Frequently Asked Questions

RPDH.TO and RQO.TO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RPDH.TO is categorized as Europe Equities, while RQO.TO is Corporate Bonds.

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