RQP.TO vs. XIGS.TO
RQP.TO (RBC Target 2027 Canadian 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. RQP.TO is actively managed, while XIGS.TO is passively managed. Over the past 5 years, RQP.TO returned 1.75%/yr vs 1.33%/yr for XIGS.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
RQP.TO vs. XIGS.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RQP.TO achieves a 1.35% return, which is significantly higher than XIGS.TO's -0.01% 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*
- —
XIGS.TO
- 1D
- 0.16%
- 1M
- -0.01%
- 6M
- -0.13%
- YTD
- -0.01%
- 1Y
- 2.22%
- 3Y*
- 4.03%
- 5Y*
- 1.33%
- 10Y*
- —
RQP.TO vs. XIGS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -0.88% |
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 RQP.TO and XIGS.TO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.41 |
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. XIGS.TO — Risk / Return Rank
RQP.TO
XIGS.TO
RQP.TO vs. XIGS.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 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.
| RQP.TO | XIGS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.98 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.19 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 5.24 | 1.39 | +3.85 |
| Martin ratioReturn relative to average drawdown | 27.52 | 3.93 | +23.59 |
Loading charts...
Drawdowns
RQP.TO vs. XIGS.TO - Drawdown Comparison
The maximum RQP.TO drawdown since its inception was -13.88%, 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 RQP.TO and XIGS.TO.
Loading charts...
Drawdown Indicators
| RQP.TO | XIGS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.88% | -10.12% | -3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.65% | -1.60% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -1.60% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -12.93% | -10.12% | -2.81% |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -2.87% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 0.56% | -0.44% |
Volatility
RQP.TO vs. XIGS.TO - Volatility Comparison
The current volatility for RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) is 0.33%, 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 RQP.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.
Loading charts...
Volatility by Period
| RQP.TO | XIGS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.33% | 0.74% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.85% | 1.73% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.16% | 2.17% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.86% | 3.30% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 3.30% | +0.47% |
Dividends
RQP.TO vs. XIGS.TO - Dividend Comparison
RQP.TO's dividend yield for the trailing twelve months is around 3.70%, less than XIGS.TO's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 3.70% | 3.58% | 3.25% | 3.18% | 2.67% | 2.29% | 0.60% |
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
RQP.TO and XIGS.TO have a correlation of 0.46, 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.
Find the right allocation for RQP.TO and XIGS.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