RPF.TO vs. RPDH.TO

Last updated Jul 17, 2026

RPF.TO (RBC Canadian Preferred Share ETF) and RPDH.TO (RBC Quant European Dividend Leaders CAD Hedged ETF) are both exchange-traded funds - RPF.TO is a Preferred Stock/Convertible Bonds fund actively managed by RBC, while RPDH.TO is a Europe Equities fund actively managed by RBC. Both are actively managed. Over the past 5 years, RPF.TO returned 7.84%/yr vs 13.63%/yr for RPDH.TO. At a 0.20 correlation, their price movements are largely independent.

Performance

RPF.TO vs. RPDH.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 Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPF.TO achieves a 8.30% return, which is significantly lower than RPDH.TO's 16.51% return.

RPF.TO

• 1D: 0.08%
• 1M: 1.99%
• 6M: 7.64%
• YTD: 8.30%
• 1Y: 16.75%
• 3Y*: 19.82%
• 5Y*: 7.84%
• 10Y*: —

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%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPF.TO RBC Canadian Preferred Share ETF	8.30%	19.23%	28.54%	3.28%	-18.37%	23.47%	6.47%	0.26%	-9.86%	16.07%
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%	8.35%

Correlation

The correlation between RPF.TO and RPDH.TO is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Sep 21, 2016	0.20

The correlation between RPF.TO and RPDH.TO shifts across timeframes, from 0.07 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RPF.TO vs. RPDH.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: 97
RPF.TO Sharpe Ratio Rank: 98
RPF.TO Sortino Ratio Rank: 97
RPF.TO Omega Ratio Rank: 97
RPF.TO Calmar Ratio Rank: 97
RPF.TO Martin Ratio Rank: 98

RPDH.TO

RPDH.TO Risk / Return Rank: 93
RPDH.TO Sharpe Ratio Rank: 95
RPDH.TO Sortino Ratio Rank: 95
RPDH.TO Omega Ratio Rank: 95
RPDH.TO Calmar Ratio Rank: 89
RPDH.TO Martin Ratio Rank: 91

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. RPDH.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 Quant European Dividend Leaders CAD Hedged ETF (RPDH.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.TO	RPDH.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.90	2.89	+1.02
Sortino ratio: Return per unit of downside risk	5.73	4.20	+1.53
Omega ratio: Gain probability vs. loss probability	1.79	1.60	+0.20
Calmar ratio: Return relative to maximum drawdown	7.95	4.21	+3.74
Martin ratio: Return relative to average drawdown	43.30	16.55	+26.75

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

The current RPF.TO Sharpe Ratio is 3.90, which is higher than the RPDH.TO Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of RPF.TO and RPDH.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

RPF.TO vs. RPDH.TO - Drawdown Comparison

The maximum RPF.TO drawdown since its inception was -45.68%, which is greater than RPDH.TO's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for RPF.TO and RPDH.TO.

Drawdown Indicators

	RPF.TO	RPDH.TO	Difference
Max Drawdown Largest peak-to-trough decline	-45.68%	-36.38%	-9.30%
Max Drawdown (1Y) Largest decline over 1 year	-2.11%	-7.81%	+5.70%
Max Drawdown (3Y) Largest decline over 3 years	-9.19%	-13.56%	+4.37%
Max Drawdown (5Y) Largest decline over 5 years	-26.37%	-19.22%	-7.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.38%	—
Current Drawdown Current decline from peak	0.00%	-0.93%	+0.93%
Average Drawdown Average peak-to-trough decline	-7.54%	-5.09%	-2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.39%	1.98%	-1.59%

Volatility

RPF.TO vs. RPDH.TO - Volatility Comparison

The current volatility for RBC Canadian Preferred Share ETF (RPF.TO) is 1.22%, while RBC Quant European Dividend Leaders CAD Hedged ETF (RPDH.TO) has a volatility of 3.10%. This indicates that RPF.TO experiences smaller price fluctuations and is considered to be less risky than RPDH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPF.TO	RPDH.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	3.10%	-1.88%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	9.16%	-6.19%
Volatility (1Y) Calculated over the trailing 1-year period	4.31%	11.40%	-7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.51%	13.87%	-5.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.27%	16.12%	-3.85%

Dividends

RPF.TO vs. RPDH.TO - Dividend Comparison

RPF.TO's dividend yield for the trailing twelve months is around 4.89%, more than RPDH.TO's 3.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
RPF.TO RBC Canadian Preferred Share ETF	4.89%	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

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

RPF.TO and RPDH.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between RPF.TO and RPDH.TO?

RPF.TO is categorized as Preferred Stock/Convertible Bonds, while RPDH.TO is Europe Equities.