RQP.TO vs. FCSB.NEO
RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) and FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) are both Corporate Bonds funds. RQP.TO is actively managed, while FCSB.NEO is passively managed. Over the past 5 years, RQP.TO returned 1.75%/yr vs 2.92%/yr for FCSB.NEO. At a 0.32 correlation, their price movements are largely independent.
Performance
RQP.TO vs. FCSB.NEO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RQP.TO achieves a 1.35% return, which is significantly lower than FCSB.NEO's 1.49% return.
RQP.TO
- 1D
- 0.05%
- 1M
- 0.16%
- 6M
- 1.19%
- YTD
- 1.35%
- 1Y
- 3.41%
- 3Y*
- 5.72%
- 5Y*
- 1.75%
- 10Y*
- —
FCSB.NEO
- 1D
- -0.04%
- 1M
- -0.04%
- 6M
- 0.94%
- YTD
- 1.49%
- 1Y
- 3.74%
- 3Y*
- 5.98%
- 5Y*
- 2.92%
- 10Y*
- —
RQP.TO vs. FCSB.NEO - 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% |
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 1.49% | 4.15% | 7.55% | 6.81% | -4.22% | -0.81% | 1.07% |
Correlation
The correlation between RQP.TO and FCSB.NEO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RQP.TO vs. FCSB.NEO — Risk / Return Rank
RQP.TO
FCSB.NEO
RQP.TO vs. FCSB.NEO - 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 Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO). 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 | FCSB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.52 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.25 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 2.37 | +2.87 |
| Martin ratioReturn relative to average drawdown | 27.52 | 8.66 | +18.87 |
Loading charts...
Drawdowns
RQP.TO vs. FCSB.NEO - Drawdown Comparison
The maximum RQP.TO drawdown since its inception was -13.88%, which is greater than FCSB.NEO's maximum drawdown of -12.48%. Use the drawdown chart below to compare losses from any high point for RQP.TO and FCSB.NEO.
Loading charts...
Drawdown Indicators
| RQP.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -12.48% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.65% | -1.58% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.58% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -7.44% | -5.49% |
Current DrawdownCurrent decline from peak | 0.00% | -0.51% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -1.48% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.43% | -0.31% |
Volatility
RQP.TO vs. FCSB.NEO - Volatility Comparison
The current volatility for RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) is 0.33%, while Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) has a volatility of 0.93%. This indicates that RQP.TO experiences smaller price fluctuations and is considered to be less risky than FCSB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RQP.TO | FCSB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.93% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 2.15% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.16% | 2.81% | -1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.32% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 4.93% | -1.16% |
Dividends
RQP.TO vs. FCSB.NEO - Dividend Comparison
RQP.TO's dividend yield for the trailing twelve months is around 3.70%, less than FCSB.NEO's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCSB.NEO Fidelity Canadian Short Term Corporate Bond ETF | 3.81% | 3.73% | 3.59% | 3.06% | 2.09% | 1.58% | 2.34% | 0.38% |
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% |
Frequently Asked Questions
RQP.TO and FCSB.NEO have a correlation of 0.30, 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 Fidelity.
Find the right allocation for RQP.TO and FCSB.NEO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer