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

RPDH.TO vs. VE.TO

Last updated Jul 16, 2026
Documentation

RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) and VE.TO (Vanguard FTSE Developed Europe All Cap Index ETF) are both Europe Equities funds. RPDH.TO is actively managed, while VE.TO is passively managed. Over the past 10 years, RPDH.TO returned 9.87%/yr vs 10.63%/yr for VE.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

RPDH.TO vs. VE.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 Vanguard FTSE Developed Europe All Cap Index ETF (VE.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 VE.TO's 10.86% return. Over the past 10 years, RPDH.TO has underperformed VE.TO with an annualized return of 9.87%, while VE.TO has yielded a comparatively higher 10.63% annualized 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%

VE.TO

1D
0.68%
1M
0.99%
6M
6.57%
YTD
10.86%
1Y
21.90%
3Y*
18.07%
5Y*
11.53%
10Y*
10.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF		10.86%29.58%10.77%16.67%-10.08%15.65%3.00%18.14%-7.96%18.82%

Correlation

The correlation between RPDH.TO and VE.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.28

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

0.32

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Nov 17, 2014

0.42

The correlation between RPDH.TO and VE.TO shifts across timeframes, from 0.24 (1 year) to 0.42 (all time), 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 CAD Hedged ETF

Vanguard FTSE Developed Europe All Cap Index ETF

Often compared with VE.TO:
VE.TO vs. VIU.TOVE.TO vs. XEU.TOVE.TO vs. QQQVE.TO vs. VA.TOVE.TO vs. VEAVE.TO vs. XEF.TOVE.TO vs. VXC.TO

Return for Risk

RPDH.TO vs. VE.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
VE.TO
VE.TO Risk / Return Rank: 4949
Overall Rank
VE.TO Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
VE.TO Sortino Ratio Rank: 5353
Sortino Ratio Rank
VE.TO Omega Ratio Rank: 5151
Omega Ratio Rank
VE.TO Calmar Ratio Rank: 4141
Calmar Ratio Rank
VE.TO Martin Ratio Rank: 4949
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. VE.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 Vanguard FTSE Developed Europe All Cap Index ETF (VE.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.TOVE.TODifference
Sharpe ratioReturn per unit of total volatility
2.76
1.44

+1.32

Sortino ratioReturn per unit of downside risk
4.03
2.11

+1.92

Omega ratioGain probability vs. loss probability

1.57

1.26

+0.31

Calmar ratioReturn relative to maximum drawdown

4.03

1.73

+2.29

Martin ratioReturn relative to average drawdown

15.82

6.70

+9.11

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

The current RPDH.TO Sharpe Ratio is 2.76, which is higher than the VE.TO Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of RPDH.TO and VE.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. VE.TO - Drawdown Comparison

The maximum RPDH.TO drawdown since its inception was -36.38%, which is greater than VE.TO's maximum drawdown of -31.66%. Use the drawdown chart below to compare losses from any high point for RPDH.TO and VE.TO.

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Drawdown Indicators

RPDH.TOVE.TODifference

Max Drawdown

Largest peak-to-trough decline

-36.38%

-31.66%

-4.72%

Max Drawdown (1Y)

Largest decline over 1 year

-7.81%

-12.68%

+4.87%

Max Drawdown (3Y)

Largest decline over 3 years

-13.56%

-14.67%

+1.11%

Max Drawdown (5Y)

Largest decline over 5 years

-19.22%

-27.25%

+8.03%

Max Drawdown (10Y)

Largest decline over 10 years

-36.38%

-31.66%

-4.72%

Current Drawdown

Current decline from peak

-1.54%

-2.15%

+0.61%

Average Drawdown

Average peak-to-trough decline

-5.09%

-5.55%

+0.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

3.27%

-1.29%

Volatility

RPDH.TO vs. VE.TO - Volatility Comparison

RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) and Vanguard FTSE Developed Europe All Cap Index ETF (VE.TO) have volatilities of 3.04% and 2.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RPDH.TOVE.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

2.98%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

9.17%

13.19%

-4.02%

Volatility (1Y)

Calculated over the trailing 1-year period

11.39%

15.30%

-3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.87%

15.16%

-1.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.12%

15.84%

+0.28%

Dividends

RPDH.TO vs. VE.TO - Dividend Comparison

RPDH.TO's dividend yield for the trailing twelve months is around 3.02%, more than VE.TO's 2.64% 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%
VE.TO
Vanguard FTSE Developed Europe All Cap Index ETF		2.64%2.58%2.97%2.97%3.19%2.97%2.41%3.79%3.57%2.22%2.33%2.47%

Frequently Asked Questions

RPDH.TO and VE.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

They also come from different issuers: RBC and Vanguard.

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