RQO.TO vs. CACB.TO
RQO.TO (RBC Target 2026 Corporate Bond Index ETF) and CACB.TO (CIBC Active Investment Grade Corporate Bond ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, RQO.TO returned 1.58%/yr vs 2.09%/yr for CACB.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
RQO.TO vs. CACB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RQO.TO achieves a 1.17% return, which is significantly lower than CACB.TO's 1.59% return.
RQO.TO
- 1D
- -0.05%
- 1M
- 0.19%
- 6M
- 1.12%
- YTD
- 1.17%
- 1Y
- 2.74%
- 3Y*
- 5.07%
- 5Y*
- 1.58%
- 10Y*
- —
CACB.TO
- 1D
- 0.45%
- 1M
- -0.23%
- 6M
- 1.09%
- YTD
- 1.59%
- 1Y
- 5.09%
- 3Y*
- 6.45%
- 5Y*
- 2.09%
- 10Y*
- —
RQO.TO vs. CACB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.17% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 1.59% | 4.34% | 7.21% | 8.55% | -9.72% | -2.45% | 1.69% |
Correlation
The correlation between RQO.TO and CACB.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.38 |
Over the past year, the correlation between RQO.TO and CACB.TO has dropped to 0.14 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
RQO.TO vs. CACB.TO — Risk / Return Rank
RQO.TO
CACB.TO
RQO.TO vs. CACB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Target 2026 Corporate Bond Index ETF (RQO.TO) and CIBC Active Investment Grade Corporate Bond ETF (CACB.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.
| RQO.TO | CACB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +4.71 | ||
| Omega ratioGain probability vs. loss probability | 1.97 | 1.26 | +0.71 |
| Calmar ratioReturn relative to maximum drawdown | 25.94 | 1.97 | +23.97 |
| Martin ratioReturn relative to average drawdown | 86.01 | 6.11 | +79.90 |
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Drawdowns
RQO.TO vs. CACB.TO - Drawdown Comparison
The maximum RQO.TO drawdown since its inception was -12.86%, smaller than the maximum CACB.TO drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for RQO.TO and CACB.TO.
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Drawdown Indicators
| RQO.TO | CACB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -15.56% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -2.59% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -3.36% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -14.52% | +2.87% |
Current DrawdownCurrent decline from peak | -0.05% | -0.52% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -3.83% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.83% | -0.80% |
Volatility
RQO.TO vs. CACB.TO - Volatility Comparison
The current volatility for RBC Target 2026 Corporate Bond Index ETF (RQO.TO) is 0.16%, while CIBC Active Investment Grade Corporate Bond ETF (CACB.TO) has a volatility of 1.18%. This indicates that RQO.TO experiences smaller price fluctuations and is considered to be less risky than CACB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RQO.TO | CACB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 1.18% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.48% | 2.90% | -2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.71% | 3.72% | -3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 5.66% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 6.16% | -3.23% |
Dividends
RQO.TO vs. CACB.TO - Dividend Comparison
RQO.TO's dividend yield for the trailing twelve months is around 3.03%, less than CACB.TO's 4.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CACB.TO CIBC Active Investment Grade Corporate Bond ETF | 4.44% | 4.46% | 4.24% | 3.59% | 3.11% | 2.78% | 2.41% | 2.45% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% | 0.00% |
Frequently Asked Questions
RQO.TO and CACB.TO have a correlation of 0.14, 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 CIBC.
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