PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
RPF.TO vs. RBO.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RPF.TO vs. RBO.TO

Last updated Jul 18, 2026
Documentation

RPF.TO (RBC Canadian Preferred Share ETF) and RBO.TO (RBC 1-5 Year Laddered Canadian Corporate Bond ETF) are both exchange-traded funds - RPF.TO is a Preferred Stock/Convertible Bonds fund actively managed by RBC, while RBO.TO is a Corporate Bonds fund actively managed by RBC. Both are actively managed. Over the past 5 years, RPF.TO returned 7.88%/yr vs 2.30%/yr for RBO.TO. At a correlation of -0.06, they often move in opposite directions.

Performance

RPF.TO vs. RBO.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Canadian Preferred Share ETF (RPF.TO) and RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, RPF.TO achieves a 8.51% return, which is significantly higher than RBO.TO's 1.31% return.

RPF.TO

1D
0.19%
1M
1.90%
6M
7.85%
YTD
8.51%
1Y
16.92%
3Y*
19.85%
5Y*
7.88%
10Y*
—

RBO.TO

1D
0.00%
1M
-0.03%
6M
0.82%
YTD
1.31%
1Y
3.34%
3Y*
5.31%
5Y*
2.30%
10Y*
2.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RPF.TO vs. RBO.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RPF.TO
RBC Canadian Preferred Share ETF		8.51%19.23%28.54%3.28%-18.37%23.47%6.47%0.26%-9.86%16.07%
RBO.TO
RBC 1-5 Year Laddered Canadian Corporate Bond ETF		1.31%4.23%6.06%6.16%-5.32%-1.20%6.09%5.07%0.88%0.75%

Correlation

The correlation between RPF.TO and RBO.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

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

0.05

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

0.03

Correlation (All Time)
Calculated using the full available price history since Sep 21, 2016

-0.06

The correlation between RPF.TO and RBO.TO shifts across timeframes, from -0.06 (all time) to 0.19 (1 year), 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 Canadian Preferred Share ETF

RBC 1-5 Year Laddered Canadian Corporate Bond ETF

Often compared with RPF.TO:
RPF.TO vs. ZPR.TORPF.TO vs. TPRF.TORPF.TO vs. CPD.TORPF.TO vs. RATE.TORPF.TO vs. RCDC.TORPF.TO vs. HPR.TORPF.TO vs. RIDH.TO
Often compared with RBO.TO:
RBO.TO vs. CFRN.TORBO.TO vs. RPDH.TORBO.TO vs. RQO.TORBO.TO vs. DXO.TORBO.TO vs. MFT.TORBO.TO vs. RID.TORBO.TO vs. RLB.TO

Return for Risk

RPF.TO vs. RBO.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RPF.TO
RPF.TO Risk / Return Rank: 9797
Overall Rank
RPF.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RPF.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
RPF.TO Omega Ratio Rank: 9797
Omega Ratio Rank
RPF.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
RPF.TO Martin Ratio Rank: 9898
Martin Ratio Rank
RBO.TO
RBO.TO Risk / Return Rank: 5959
Overall Rank
RBO.TO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
RBO.TO Sortino Ratio Rank: 6262
Sortino Ratio Rank
RBO.TO Omega Ratio Rank: 6868
Omega Ratio Rank
RBO.TO Calmar Ratio Rank: 5050
Calmar Ratio Rank
RBO.TO Martin Ratio Rank: 5454
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.

RPF.TO vs. RBO.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Canadian Preferred Share ETF (RPF.TO) and RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.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.

RPF.TORBO.TODifference
Sharpe ratioReturn per unit of total volatility
3.94
1.54

+2.40

Sortino ratioReturn per unit of downside risk
5.79
2.19

+3.59

Omega ratioGain probability vs. loss probability

1.80

1.30

+0.50

Calmar ratioReturn relative to maximum drawdown

8.04

1.92

+6.12

Martin ratioReturn relative to average drawdown

43.75

6.92

+36.83

RPF.TO vs. RBO.TO - Sharpe Ratio Comparison

The current RPF.TO Sharpe Ratio is 3.94, which is higher than the RBO.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of RPF.TO and RBO.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.

Loading charts...

Drawdowns

RPF.TO vs. RBO.TO - Drawdown Comparison

The maximum RPF.TO drawdown since its inception was -45.68%, which is greater than RBO.TO's maximum drawdown of -20.46%. Use the drawdown chart below to compare losses from any high point for RPF.TO and RBO.TO.

Loading charts...

Drawdown Indicators

RPF.TORBO.TODifference

Max Drawdown

Largest peak-to-trough decline

-45.68%

-20.46%

-25.22%

Max Drawdown (1Y)

Largest decline over 1 year

-2.11%

-1.75%

-0.36%

Max Drawdown (3Y)

Largest decline over 3 years

-9.19%

-1.75%

-7.44%

Max Drawdown (5Y)

Largest decline over 5 years

-26.37%

-7.89%

-18.48%

Max Drawdown (10Y)

Largest decline over 10 years

—

-20.46%

—

Current Drawdown

Current decline from peak

0.00%

-0.27%

+0.27%

Average Drawdown

Average peak-to-trough decline

-7.53%

-1.34%

-6.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.39%

0.48%

-0.09%

Volatility

RPF.TO vs. RBO.TO - Volatility Comparison

RBC Canadian Preferred Share ETF (RPF.TO) has a higher volatility of 1.21% compared to RBC 1-5 Year Laddered Canadian Corporate Bond ETF (RBO.TO) at 0.41%. This indicates that RPF.TO's price experiences larger fluctuations and is considered to be riskier than RBO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

RPF.TORBO.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.21%

0.41%

+0.80%

Volatility (6M)

Calculated over the trailing 6-month period

2.97%

1.81%

+1.16%

Volatility (1Y)

Calculated over the trailing 1-year period

4.31%

2.18%

+2.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.51%

2.95%

+5.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.27%

7.74%

+4.53%

Dividends

RPF.TO vs. RBO.TO - Dividend Comparison

RPF.TO's dividend yield for the trailing twelve months is around 4.88%, more than RBO.TO's 3.90% yield.

PositionTTM20252024202320222021202020192018201720162015
RBO.TO
RBC 1-5 Year Laddered Canadian Corporate Bond ETF		3.90%3.67%3.35%2.56%2.64%2.32%2.41%2.77%2.96%3.02%3.26%3.54%
RPF.TO
RBC Canadian Preferred Share ETF		4.88%5.08%5.48%6.17%5.65%4.22%5.24%5.07%4.52%3.95%1.10%0.00%

Frequently Asked Questions

RPF.TO and RBO.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RPF.TO is categorized as Preferred Stock/Convertible Bonds, while RBO.TO is Corporate Bonds.

Portfolio Optimizer

Find the right allocation for RPF.TO and RBO.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer