RQO.TO vs. XIGS.TO
RQO.TO (RBC Target 2026 Corporate Bond Index ETF) and XIGS.TO (iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged)) are both Corporate Bonds funds. RQO.TO is actively managed, while XIGS.TO is passively managed. Over the past 5 years, RQO.TO returned 1.59%/yr vs 1.33%/yr for XIGS.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
RQO.TO vs. XIGS.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 higher than XIGS.TO's -0.01% 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*
- —
XIGS.TO
- 1D
- 0.16%
- 1M
- -0.01%
- 6M
- -0.13%
- YTD
- -0.01%
- 1Y
- 2.22%
- 3Y*
- 4.03%
- 5Y*
- 1.33%
- 10Y*
- —
RQO.TO vs. XIGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -0.79% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | -0.01% | 4.82% | 3.76% | 5.39% | -5.89% | -0.97% |
Correlation
The correlation between RQO.TO and XIGS.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 | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.40 |
Over the past year, the correlation between RQO.TO and XIGS.TO has dropped to 0.19 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.
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Return for Risk
RQO.TO vs. XIGS.TO — Risk / Return Rank
RQO.TO
XIGS.TO
RQO.TO vs. XIGS.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 iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.09 | ||
| Sortino ratioReturn per unit of downside risk | +5.65 | ||
| Omega ratioGain probability vs. loss probability | 2.05 | 1.19 | +0.86 |
| Calmar ratioReturn relative to maximum drawdown | 27.50 | 1.39 | +26.11 |
| Martin ratioReturn relative to average drawdown | 91.66 | 3.93 | +87.73 |
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Drawdowns
RQO.TO vs. XIGS.TO - Drawdown Comparison
The maximum RQO.TO drawdown since its inception was -12.86%, which is greater than XIGS.TO's maximum drawdown of -10.12%. Use the drawdown chart below to compare losses from any high point for RQO.TO and XIGS.TO.
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Drawdown Indicators
| RQO.TO | XIGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.86% | -10.12% | -2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -1.60% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -1.60% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -10.12% | -1.53% |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -2.87% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.56% | -0.53% |
Volatility
RQO.TO vs. XIGS.TO - Volatility Comparison
The current volatility for RBC Target 2026 Corporate Bond Index ETF (RQO.TO) is 0.15%, while iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) (XIGS.TO) has a volatility of 0.74%. This indicates that RQO.TO experiences smaller price fluctuations and is considered to be less risky than XIGS.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 | XIGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 0.74% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 0.47% | 1.73% | -1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 2.17% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.98% | 3.30% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.93% | 3.30% | -0.37% |
Dividends
RQO.TO vs. XIGS.TO - Dividend Comparison
RQO.TO's dividend yield for the trailing twelve months is around 3.03%, less than XIGS.TO's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% |
XIGS.TO iShares 1-5 Year U.S. IG Corporate Bond Index ETF (CAD-Hedged) | 4.54% | 4.10% | 3.71% | 3.03% | 1.75% | 0.84% | 0.00% |
Frequently Asked Questions
RQO.TO and XIGS.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.
They also come from different issuers: RBC and iShares.
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