RUD.TO vs. RCDB.NEO
RUD.TO (RBC Quant U.S. Dividend Leaders ETF (CAD)) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both exchange-traded funds - RUD.TO is a Large Cap Blend Equities fund actively managed by RBC, while RCDB.NEO is a Short-Term Bond fund actively managed by RBC. Both are actively managed. Over the past 5 years, RUD.TO returned 13.78%/yr vs 2.25%/yr for RCDB.NEO. At a 0.04 correlation, their price movements are largely independent. RUD.TO charges 0.43%/yr vs 0.17%/yr for RCDB.NEO.
Performance
RUD.TO vs. RCDB.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, RUD.TO achieves a 8.99% return, which is significantly higher than RCDB.NEO's 1.15% return.
RUD.TO
- 1D
- -0.32%
- 1M
- 5.71%
- YTD
- 8.99%
- 6M
- 6.16%
- 1Y
- 22.08%
- 3Y*
- 17.06%
- 5Y*
- 13.78%
- 10Y*
- 13.02%
RCDB.NEO
- 1D
- 0.00%
- 1M
- 1.09%
- YTD
- 1.15%
- 6M
- 0.91%
- 1Y
- 3.01%
- 3Y*
- 4.84%
- 5Y*
- 2.25%
- 10Y*
- —
RUD.TO vs. RCDB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD) | 8.99% | 7.31% | 22.78% | 19.01% | -7.35% | 31.62% | 8.82% | 8.06% |
RCDB.NEO RBC Canadian Discount Bond ETF | 1.15% | 3.75% | 5.58% | 5.68% | -4.07% | -0.68% | 5.61% | 0.58% |
Correlation
The correlation between RUD.TO and RCDB.NEO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.04 |
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Return for Risk
RUD.TO vs. RCDB.NEO — Risk / Return Rank
RUD.TO
RCDB.NEO
RUD.TO vs. RCDB.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) and RBC Canadian Discount Bond ETF (RCDB.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.
| RUD.TO | RCDB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.34 | 1.91 | +1.43 |
| Martin ratioReturn relative to average drawdown | 11.90 | 6.47 | +5.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RUD.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.81 | 1.29 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.80 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.45 | +0.36 |
Drawdowns
RUD.TO vs. RCDB.NEO - Drawdown Comparison
The maximum RUD.TO drawdown since its inception was -29.89%, which is greater than RCDB.NEO's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for RUD.TO and RCDB.NEO.
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Drawdown Indicators
| RUD.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.89% | -8.31% | -21.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -1.59% | -5.06% |
Max Drawdown (3Y)Largest decline over 3 years | -28.33% | -1.59% | -26.74% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -6.90% | -21.43% |
Max Drawdown (10Y)Largest decline over 10 years | -29.89% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.03% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -3.99% | -1.41% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 0.47% | +1.39% |
Volatility
RUD.TO vs. RCDB.NEO - Volatility Comparison
RBC Quant U.S. Dividend Leaders ETF (CAD) (RUD.TO) has a higher volatility of 2.59% compared to RBC Canadian Discount Bond ETF (RCDB.NEO) at 0.67%. This indicates that RUD.TO's price experiences larger fluctuations and is considered to be riskier than RCDB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUD.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 0.67% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.27% | 1.84% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.31% | 2.35% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.38% | 2.83% | +12.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.53% | 5.48% | +10.05% |
RUD.TO vs. RCDB.NEO - Expense Ratio Comparison
RUD.TO has a 0.43% expense ratio, which is higher than RCDB.NEO's 0.17% expense ratio.
Dividends
RUD.TO vs. RCDB.NEO - Dividend Comparison
RUD.TO's dividend yield for the trailing twelve months is around 1.37%, less than RCDB.NEO's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCDB.NEO RBC Canadian Discount Bond ETF | 2.11% | 1.96% | 1.58% | 1.22% | 1.16% | 1.33% | 1.68% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% |
RUD.TO RBC Quant U.S. Dividend Leaders ETF (CAD) | 1.37% | 1.35% | 1.16% | 1.49% | 1.57% | 1.10% | 1.64% | 1.93% | 2.01% | 1.78% | 1.73% | 2.12% |
Frequently Asked Questions
RUD.TO and RCDB.NEO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RCDB.NEO is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RCDB.NEO is cheaper with a 0.17% expense ratio, compared with 0.43% for RUD.TO.
RUD.TO is categorized as Large Cap Blend Equities, while RCDB.NEO is Short-Term Bond. Their fees differ too: 0.43% for RUD.TO and 0.17% for RCDB.NEO.
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