RQP.TO vs. DCC.TO
RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) and DCC.TO (Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF) are both Corporate Bonds funds. Both are actively managed. Over the past 5 years, RQP.TO returned 1.75%/yr vs 2.70%/yr for DCC.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
RQP.TO vs. DCC.TO - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with RQP.TO at 1.35% and DCC.TO at 1.35%.
RQP.TO
- 1D
- 0.00%
- 1M
- 0.16%
- 6M
- 1.13%
- YTD
- 1.35%
- 1Y
- 3.30%
- 3Y*
- 5.74%
- 5Y*
- 1.75%
- 10Y*
- —
DCC.TO
- 1D
- 0.10%
- 1M
- -0.20%
- 6M
- 0.72%
- YTD
- 1.35%
- 1Y
- 3.91%
- 3Y*
- 5.94%
- 5Y*
- 2.70%
- 10Y*
- —
RQP.TO vs. DCC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -2.20% | 1.15% |
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF | 1.35% | 4.65% | 6.97% | 6.59% | -4.65% | -1.47% | 0.91% |
Correlation
The correlation between RQP.TO and DCC.TO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.24 |
The correlation between RQP.TO and DCC.TO shifts across timeframes, from 0.15 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RQP.TO vs. DCC.TO — Risk / Return Rank
RQP.TO
DCC.TO
RQP.TO vs. DCC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) and Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.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.
| RQP.TO | DCC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.25 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 5.07 | 2.11 | +2.96 |
| Martin ratioReturn relative to average drawdown | 26.61 | 6.97 | +19.64 |
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Drawdowns
RQP.TO vs. DCC.TO - Drawdown Comparison
The maximum RQP.TO drawdown since its inception was -13.88%, which is greater than DCC.TO's maximum drawdown of -8.95%. Use the drawdown chart below to compare losses from any high point for RQP.TO and DCC.TO.
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Drawdown Indicators
| RQP.TO | DCC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -8.95% | -4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.65% | -1.73% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.73% | +0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -8.45% | -4.48% |
Current DrawdownCurrent decline from peak | 0.00% | -0.52% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -1.62% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.52% | -0.40% |
Volatility
RQP.TO vs. DCC.TO - Volatility Comparison
The current volatility for RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) is 0.33%, while Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF (DCC.TO) has a volatility of 0.82%. This indicates that RQP.TO experiences smaller price fluctuations and is considered to be less risky than DCC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RQP.TO | DCC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.82% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 2.00% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.16% | 2.74% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.41% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 3.42% | +0.35% |
Dividends
RQP.TO vs. DCC.TO - Dividend Comparison
RQP.TO's dividend yield for the trailing twelve months is around 3.70%, more than DCC.TO's 3.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DCC.TO Desjardins 1-5 Year Laddered Canadian Corporate Bond Index ETF | 3.32% | 3.28% | 3.28% | 3.02% | 3.40% | 3.13% | 3.00% | 3.09% | 3.15% | 2.41% |
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% |
Frequently Asked Questions
RQP.TO and DCC.TO have a correlation of 0.15, 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 Desjardins.
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