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

RPDH.TO vs. RUSB.TO

Last updated Jul 17, 2026
Documentation

RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both exchange-traded funds - RPDH.TO is a Europe Equities fund actively managed by RBC, while RUSB.TO is a Short-Term Bond fund actively managed by RBC. Both are actively managed. Over the past 5 years, RPDH.TO returned 13.63%/yr vs 4.57%/yr for RUSB.TO. At a correlation of -0.10, they often move in opposite directions.

Performance

RPDH.TO vs. RUSB.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 Short Term U.S. Corporate Bond ETF (RUSB.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 16.51% return, which is significantly higher than RUSB.TO's 3.15% return.

RPDH.TO

1D
0.62%
1M
1.24%
6M
12.27%
YTD
16.51%
1Y
32.74%
3Y*
21.13%
5Y*
13.63%
10Y*
9.94%

RUSB.TO

1D
-0.18%
1M
0.37%
6M
1.59%
YTD
3.15%
1Y
6.00%
3Y*
7.46%
5Y*
4.57%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		16.51%30.87%7.58%17.83%-6.14%23.21%-7.43%17.35%-8.22%-1.38%
RUSB.TO
RBC Short Term U.S. Corporate Bond ETF		3.15%1.61%13.88%3.94%-0.28%-0.52%1.46%2.36%7.83%-0.13%

Correlation

The correlation between RPDH.TO and RUSB.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.15

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

0.01

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

-0.07

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2017

-0.10

The correlation between RPDH.TO and RUSB.TO shifts across timeframes, from -0.10 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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RBC Quant European Dividend Leaders CAD Hedged ETF

RBC Short Term U.S. Corporate Bond ETF

Often compared with RPDH.TO:
RPDH.TO vs. RBO.TORPDH.TO vs. RID.TORPDH.TO vs. RLB.TORPDH.TO vs. RPD.TORPDH.TO vs. RQO.TORPDH.TO vs. RQP.TORPDH.TO vs. RIDH.TO
Often compared with RUSB.TO:
RUSB.TO vs. DCS.TORUSB.TO vs. MCSB.TORUSB.TO vs. QSB.TORUSB.TO vs. RBO.TORUSB.TO vs. RQP.TORUSB.TO vs. TUSB.TORUSB.TO vs. ZSDB.TO

Return for Risk

RPDH.TO vs. RUSB.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: 9393
Overall Rank
RPDH.TO Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
RPDH.TO Sortino Ratio Rank: 9595
Sortino Ratio Rank
RPDH.TO Omega Ratio Rank: 9595
Omega Ratio Rank
RPDH.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
RPDH.TO Martin Ratio Rank: 9191
Martin Ratio Rank
RUSB.TO
RUSB.TO Risk / Return Rank: 3434
Overall Rank
RUSB.TO Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
RUSB.TO Sortino Ratio Rank: 2929
Sortino Ratio Rank
RUSB.TO Omega Ratio Rank: 3737
Omega Ratio Rank
RUSB.TO Calmar Ratio Rank: 3939
Calmar Ratio Rank
RUSB.TO Martin Ratio Rank: 3131
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. RUSB.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 Short Term U.S. Corporate Bond ETF (RUSB.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.TORUSB.TODifference
Sharpe ratioReturn per unit of total volatility
2.89
0.95

+1.94

Sortino ratioReturn per unit of downside risk
4.20
1.35

+2.86

Omega ratioGain probability vs. loss probability

1.60

1.20

+0.40

Calmar ratioReturn relative to maximum drawdown

4.21

1.67

+2.54

Martin ratioReturn relative to average drawdown

16.55

3.65

+12.89

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

The current RPDH.TO Sharpe Ratio is 2.89, which is higher than the RUSB.TO Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of RPDH.TO and RUSB.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. RUSB.TO - Drawdown Comparison

The maximum RPDH.TO drawdown since its inception was -36.38%, which is greater than RUSB.TO's maximum drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for RPDH.TO and RUSB.TO.

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Drawdown Indicators

RPDH.TORUSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.38%

-14.28%

-22.10%

Max Drawdown (1Y)

Largest decline over 1 year

-7.81%

-3.60%

-4.21%

Max Drawdown (3Y)

Largest decline over 3 years

-13.56%

-5.26%

-8.30%

Max Drawdown (5Y)

Largest decline over 5 years

-19.22%

-8.10%

-11.12%

Max Drawdown (10Y)

Largest decline over 10 years

-36.38%

—

—

Current Drawdown

Current decline from peak

-0.93%

-1.72%

+0.79%

Average Drawdown

Average peak-to-trough decline

-5.09%

-4.11%

-0.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.64%

+0.34%

Volatility

RPDH.TO vs. RUSB.TO - Volatility Comparison

RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) has a higher volatility of 3.10% compared to RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) at 1.78%. This indicates that RPDH.TO's price experiences larger fluctuations and is considered to be riskier than RUSB.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.TORUSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

1.78%

+1.32%

Volatility (6M)

Calculated over the trailing 6-month period

9.16%

4.13%

+5.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.40%

6.37%

+5.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.87%

6.95%

+6.92%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.12%

6.95%

+9.17%

Dividends

RPDH.TO vs. RUSB.TO - Dividend Comparison

RPDH.TO's dividend yield for the trailing twelve months is around 3.00%, less than RUSB.TO's 4.13% yield.

PositionTTM20252024202320222021202020192018201720162015
RPDH.TO
RBC Quant European Dividend Leaders CAD Hedged ETF		3.00%3.08%3.71%3.42%4.00%2.38%3.27%5.42%5.06%2.91%3.80%3.08%
RUSB.TO
RBC Short Term U.S. Corporate Bond ETF		4.13%3.96%3.38%3.26%2.48%2.30%2.78%2.80%1.90%0.41%0.00%0.00%

Frequently Asked Questions

RPDH.TO and RUSB.TO have a correlation of 0.15, 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 RUSB.TO is Short-Term Bond.

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