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RSDIX vs. HOBEX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RSDIX vs. HOBEX

Last updated Jun 25, 2026

RSDIX (RBC Short Duration Fixed Income Fund) and HOBEX (Holbrook Income Fund) are both Short-Term Bond funds. Over the past 5 years, RSDIX returned 1.66%/yr vs 3.76%/yr for HOBEX. At a 0.38 correlation, their price movements are largely independent. RSDIX charges 0.78%/yr vs 1.60%/yr for HOBEX.

Performance

RSDIX vs. HOBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC Short Duration Fixed Income Fund (RSDIX) and Holbrook Income Fund (HOBEX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RSDIX achieves a -2.58% return, which is significantly lower than HOBEX's 1.91% return.

RSDIX

1D
0.00%
1M
0.06%
YTD
-2.58%
6M
-2.19%
1Y
-0.35%
3Y*
3.67%
5Y*
1.66%
10Y*
2.11%

HOBEX

1D
0.00%
1M
0.34%
YTD
1.91%
6M
2.93%
1Y
5.65%
3Y*
6.47%
5Y*
3.76%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RSDIX vs. HOBEX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RSDIX
RBC Short Duration Fixed Income Fund		-2.58%4.86%5.13%5.52%-4.00%-0.06%3.58%5.47%1.02%2.13%
HOBEX
Holbrook Income Fund		1.91%7.23%7.16%4.74%-3.42%6.25%6.83%7.30%1.26%2.42%

Correlation

The correlation between RSDIX and HOBEX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2017

0.38

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

RBC Short Duration Fixed Income Fund

Holbrook Income Fund

Often compared with RSDIX:
RSDIX vs. USSBXRSDIX vs. STBFXRSDIX vs. RBESXRSDIX vs. ACCSXRSDIX vs. GPARXRSDIX vs. DFEQXRSDIX vs. DLDFX
Often compared with HOBEX:
HOBEX vs. PONPXHOBEX vs. PEYHOBEX vs. FDFIXHOBEX vs. HOBIXHOBEX vs. BINCHOBEX vs. PULSHOBEX vs. PQIPX

Return for Risk

RSDIX vs. HOBEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RSDIX
RSDIX Risk / Return Rank: 33
Overall Rank
RSDIX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
RSDIX Sortino Ratio Rank: 22
Sortino Ratio Rank
RSDIX Omega Ratio Rank: 22
Omega Ratio Rank
RSDIX Calmar Ratio Rank: 33
Calmar Ratio Rank
RSDIX Martin Ratio Rank: 33
Martin Ratio Rank
HOBEX
HOBEX Risk / Return Rank: 9797
Overall Rank
HOBEX Sharpe Ratio Rank: 9191
Sharpe Ratio Rank
HOBEX Sortino Ratio Rank: 9898
Sortino Ratio Rank
HOBEX Omega Ratio Rank: 9898
Omega Ratio Rank
HOBEX Calmar Ratio Rank: 9999
Calmar Ratio Rank
HOBEX Martin Ratio Rank: 9898
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RSDIX vs. HOBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Short Duration Fixed Income Fund (RSDIX) and Holbrook Income Fund (HOBEX). 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.

RSDIXHOBEXDifference
Sharpe ratioReturn per unit of total volatility
-0.09
2.74

-2.83

Sortino ratioReturn per unit of downside risk
-0.10
7.16

-7.27

Omega ratioGain probability vs. loss probability

0.98

2.43

-1.45

Calmar ratioReturn relative to maximum drawdown

-0.08

9.35

-9.43

Martin ratioReturn relative to average drawdown

-0.15

33.00

-33.15

RSDIX vs. HOBEX - Sharpe Ratio Comparison

The current RSDIX Sharpe Ratio is -0.09, which is lower than the HOBEX Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of RSDIX and HOBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RSDIX vs. HOBEX - Drawdown Comparison

The maximum RSDIX drawdown since its inception was -6.66%, smaller than the maximum HOBEX drawdown of -23.58%. Use the drawdown chart below to compare losses from any high point for RSDIX and HOBEX.

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Drawdown Indicators

RSDIXHOBEXDifference

Max Drawdown

Largest peak-to-trough decline

-6.66%

-23.58%

+16.92%

Max Drawdown (1Y)

Largest decline over 1 year

-3.11%

-0.61%

-2.50%

Max Drawdown (3Y)

Largest decline over 3 years

-3.11%

-2.74%

-0.37%

Max Drawdown (5Y)

Largest decline over 5 years

-6.40%

-4.57%

-1.83%

Max Drawdown (10Y)

Largest decline over 10 years

-6.66%

—

—

Current Drawdown

Current decline from peak

-2.68%

-0.20%

-2.48%

Average Drawdown

Average peak-to-trough decline

-0.80%

-1.06%

+0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

0.17%

+1.42%

Volatility

RSDIX vs. HOBEX - Volatility Comparison

RBC Short Duration Fixed Income Fund (RSDIX) has a higher volatility of 0.62% compared to Holbrook Income Fund (HOBEX) at 0.48%. This indicates that RSDIX's price experiences larger fluctuations and is considered to be riskier than HOBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RSDIXHOBEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.62%

0.48%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

1.95%

1.53%

+0.42%

Volatility (1Y)

Calculated over the trailing 1-year period

2.66%

2.07%

+0.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.26%

2.61%

-0.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

2.03%

5.70%

-3.67%

RSDIX vs. HOBEX - Expense Ratio Comparison

RSDIX has a 0.78% expense ratio, which is lower than HOBEX's 1.60% expense ratio.

Dividends

RSDIX vs. HOBEX - Dividend Comparison

RSDIX's dividend yield for the trailing twelve months is around 4.05%, less than HOBEX's 5.81% yield.

PositionTTM20252024202320222021202020192018201720162015
HOBEX
Holbrook Income Fund		5.81%5.94%6.58%5.05%4.83%4.00%5.44%3.05%3.84%1.69%0.00%0.00%
RSDIX
RBC Short Duration Fixed Income Fund		4.05%4.75%4.16%2.71%1.92%2.24%2.01%2.68%2.44%2.01%1.80%1.77%

Frequently Asked Questions

RSDIX and HOBEX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RSDIX has higher volatility (0.62%) compared to HOBEX (0.48%). In terms of maximum drawdown, RSDIX dropped -6.66% vs HOBEX's -23.58%.

HOBEX currently has the higher Sharpe Ratio (2.74 vs -0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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