RQP.TO vs. RUSB.TO
RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) and RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) are both exchange-traded funds - RQP.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, RQP.TO returned 1.75%/yr vs 4.61%/yr for RUSB.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
RQP.TO vs. RUSB.TO - 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 RUSB.TO's 3.34% 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*
- —
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
RQP.TO vs. RUSB.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% |
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 RQP.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 | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.06 |
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. RUSB.TO — Risk / Return Rank
RQP.TO
RUSB.TO
RQP.TO vs. RUSB.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 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.
| RQP.TO | RUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.22 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 1.81 | +3.43 |
| Martin ratioReturn relative to average drawdown | 27.52 | 3.97 | +23.56 |
Loading charts...
Drawdowns
RQP.TO vs. RUSB.TO - Drawdown Comparison
The maximum RQP.TO drawdown since its inception was -13.88%, roughly equal to the maximum RUSB.TO drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for RQP.TO and RUSB.TO.
Loading charts...
Drawdown Indicators
| RQP.TO | RUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -14.28% | +0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.65% | -3.60% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -5.26% | +3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -8.10% | -4.83% |
Current DrawdownCurrent decline from peak | 0.00% | -1.54% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -4.11% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.64% | -1.52% |
Volatility
RQP.TO vs. RUSB.TO - Volatility Comparison
The current volatility for RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) is 0.33%, while RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a volatility of 2.05%. This indicates that RQP.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.
Loading charts...
Volatility by Period
| RQP.TO | RUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 2.05% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 4.25% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.16% | 6.45% | -5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 7.05% | -3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 6.96% | -3.19% |
Dividends
RQP.TO vs. RUSB.TO - Dividend Comparison
RQP.TO's dividend yield for the trailing twelve months is around 3.70%, less than RUSB.TO's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
RQP.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.
RQP.TO is categorized as Corporate Bonds, while RUSB.TO is Short-Term Bond.
Find the right allocation for RQP.TO and RUSB.TO
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