RPF.TO vs. RQP.TO
RPF.TO (RBC Canadian Preferred Share ETF) and RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) are both exchange-traded funds - RPF.TO is a Preferred Stock/Convertible Bonds fund actively managed by RBC, while RQP.TO is a Corporate Bonds fund actively managed by RBC. Both are actively managed. Over the past 5 years, RPF.TO returned 7.84%/yr vs 1.75%/yr for RQP.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
RPF.TO vs. RQP.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RPF.TO achieves a 8.30% return, which is significantly higher than RQP.TO's 1.35% 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*
- —
RQP.TO
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.13%
- YTD
- 1.35%
- 1Y
- 3.30%
- 3Y*
- 5.74%
- 5Y*
- 1.75%
- 10Y*
- —
RPF.TO vs. RQP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RPF.TO RBC Canadian Preferred Share ETF | 8.30% | 19.23% | 28.54% | 3.28% | -18.37% | 23.47% | 9.54% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -2.20% | 1.15% |
Correlation
The correlation between RPF.TO and RQP.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.06 |
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Return for Risk
RPF.TO vs. RQP.TO — Risk / Return Rank
RPF.TO
RQP.TO
RPF.TO vs. RQP.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 Target 2027 Canadian Corporate Bond Index ETF (RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.79 | 1.64 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 7.95 | 5.07 | +2.88 |
| Martin ratioReturn relative to average drawdown | 43.30 | 26.61 | +16.68 |
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Drawdowns
RPF.TO vs. RQP.TO - Drawdown Comparison
The maximum RPF.TO drawdown since its inception was -45.68%, which is greater than RQP.TO's maximum drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for RPF.TO and RQP.TO.
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Drawdown Indicators
| RPF.TO | RQP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.68% | -13.88% | -31.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -0.65% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -9.19% | -1.46% | -7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -26.37% | -12.93% | -13.44% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.54% | -4.13% | -3.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.12% | +0.27% |
Volatility
RPF.TO vs. RQP.TO - Volatility Comparison
RBC Canadian Preferred Share ETF (RPF.TO) has a higher volatility of 1.22% compared to RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) at 0.33%. This indicates that RPF.TO's price experiences larger fluctuations and is considered to be riskier than RQP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RPF.TO | RQP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.33% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.97% | 0.85% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.31% | 1.16% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.51% | 3.86% | +4.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.27% | 3.77% | +8.50% |
Dividends
RPF.TO vs. RQP.TO - Dividend Comparison
RPF.TO's dividend yield for the trailing twelve months is around 4.89%, more than RQP.TO's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 3.70% | 3.58% | 3.25% | 3.18% | 2.67% | 2.29% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RPF.TO and RQP.TO have a correlation of 0.11, 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 RQP.TO is Corporate Bonds.
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