RQO.TO vs. RUSB.TO
RQO.TO (RBC Target 2026 Corporate Bond Index ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both exchange-traded funds - RQO.TO is a Corporate Bonds fund actively managed by RBC, while RUSB.TO is a Short-Term Bond fund actively managed by RBC. Both are actively managed. Over the past 5 years, RQO.TO returned 1.59%/yr vs 4.61%/yr for RUSB.TO. At a 0.07 correlation, their price movements are largely independent.
Performance
RQO.TO vs. RUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RQO.TO achieves a 1.23% return, which is significantly lower than RUSB.TO's 3.34% return.
RQO.TO
- 1D
- 0.05%
- 1M
- 0.24%
- 6M
- 1.17%
- YTD
- 1.23%
- 1Y
- 2.90%
- 3Y*
- 5.11%
- 5Y*
- 1.59%
- 10Y*
- —
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
RQO.TO vs. RUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | -2.70% |
Correlation
The correlation between RQO.TO and RUSB.TO is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.07 |
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Return for Risk
RQO.TO vs. RUSB.TO — Risk / Return Rank
RQO.TO
RUSB.TO
RQO.TO vs. RUSB.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 RBC Short Term U.S. Corporate Bond ETF (RUSB.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 | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +5.74 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.22 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 27.50 | 1.81 | +25.68 |
| Martin ratioReturn relative to average drawdown | 91.66 | 3.97 | +87.69 |
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Drawdowns
RQO.TO vs. RUSB.TO - Drawdown Comparison
The maximum RQO.TO drawdown since its inception was -12.86%, smaller than the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for RQO.TO and RUSB.TO.
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Drawdown Indicators
| RQO.TO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -14.28% | +1.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -3.60% | +3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -5.26% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -8.10% | -3.55% |
Current DrawdownCurrent decline from peak | 0.00% | -1.54% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -4.11% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.64% | -1.61% |
Volatility
RQO.TO vs. RUSB.TO - Volatility Comparison
The current volatility for RBC Target 2026 Corporate Bond Index ETF (RQO.TO) is 0.15%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 2.05%. This indicates that RQO.TO experiences smaller price fluctuations and is considered to be less risky than RUSB.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 | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 2.05% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 0.47% | 4.25% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 6.45% | -5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 7.05% | -4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 6.96% | -4.03% |
Dividends
RQO.TO vs. RUSB.TO - Dividend Comparison
RQO.TO's dividend yield for the trailing twelve months is around 3.03%, less than RUSB.TO's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
RQO.TO and RUSB.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RQO.TO is categorized as Corporate Bonds, while RUSB.TO is Short-Term Bond.
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