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RUDH.TO vs. RCDB.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RUDH.TO vs. RCDB.NEO

Last updated Jul 16, 2026
Documentation

RUDH.TO (RBC Quant U.S. Dividend Leaders CAD Hedged ETF) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both exchange-traded funds - RUDH.TO is a Dividend 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, RUDH.TO returned 8.40%/yr vs 2.27%/yr for RCDB.NEO. At a 0.01 correlation, their price movements are largely independent.

Performance

RUDH.TO vs. RCDB.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.TO) and RBC Canadian Discount Bond ETF (RCDB.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RUDH.TO achieves a 7.78% return, which is significantly higher than RCDB.NEO's 1.36% return.

RUDH.TO

1D
0.17%
1M
2.17%
6M
6.98%
YTD
7.78%
1Y
14.55%
3Y*
14.35%
5Y*
8.40%
10Y*
12.79%

RCDB.NEO

1D
0.09%
1M
0.02%
6M
1.03%
YTD
1.36%
1Y
3.56%
3Y*
5.00%
5Y*
2.27%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

RUDH.TO vs. RCDB.NEO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
RUDH.TO
RBC Quant U.S. Dividend Leaders CAD Hedged ETF		7.78%8.78%5.71%36.05%-20.27%46.37%0.96%11.72%
RCDB.NEO
RBC Canadian Discount Bond ETF		1.36%3.75%5.58%5.68%-4.07%-0.68%5.61%0.58%

Correlation

The correlation between RUDH.TO and RCDB.NEO is 0.04, 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

0.04

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

0.05

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

0.06

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2019

0.01

Compare stocks, funds, or ETFs

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RBC Quant U.S. Dividend Leaders CAD Hedged ETF

RBC Canadian Discount Bond ETF

Often compared with RCDB.NEO:
RCDB.NEO vs. ZSDB.TORCDB.NEO vs. TSTX-U.TORCDB.NEO vs. RPF.TORCDB.NEO vs. RBNK.TORCDB.NEO vs. RIDH.TORCDB.NEO vs. TCSB.TORCDB.NEO vs. VSC.TO

Return for Risk

RUDH.TO vs. RCDB.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RUDH.TO
RUDH.TO Risk / Return Rank: 2727
Overall Rank
RUDH.TO Sharpe Ratio Rank: 2727
Sharpe Ratio Rank
RUDH.TO Sortino Ratio Rank: 2424
Sortino Ratio Rank
RUDH.TO Omega Ratio Rank: 3434
Omega Ratio Rank
RUDH.TO Calmar Ratio Rank: 2626
Calmar Ratio Rank
RUDH.TO Martin Ratio Rank: 2525
Martin Ratio Rank
RCDB.NEO
RCDB.NEO Risk / Return Rank: 5656
Overall Rank
RCDB.NEO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
RCDB.NEO Sortino Ratio Rank: 5757
Sortino Ratio Rank
RCDB.NEO Omega Ratio Rank: 5959
Omega Ratio Rank
RCDB.NEO Calmar Ratio Rank: 5454
Calmar Ratio Rank
RCDB.NEO Martin Ratio Rank: 5656
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.

RUDH.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 CAD Hedged ETF (RUDH.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.

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.

RUDH.TORCDB.NEODifference
Sharpe ratioReturn per unit of total volatility
0.81
1.55

-0.74

Sortino ratioReturn per unit of downside risk
1.17
2.24

-1.07

Omega ratioGain probability vs. loss probability

1.20

1.29

-0.10

Calmar ratioReturn relative to maximum drawdown

1.09

2.25

-1.16

Martin ratioReturn relative to average drawdown

2.73

7.88

-5.15

RUDH.TO vs. RCDB.NEO - Sharpe Ratio Comparison

The current RUDH.TO Sharpe Ratio is 0.81, which is lower than the RCDB.NEO Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of RUDH.TO and RCDB.NEO, 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

RUDH.TO vs. RCDB.NEO - Drawdown Comparison

The maximum RUDH.TO drawdown since its inception was -50.85%, 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 RUDH.TO and RCDB.NEO.

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Drawdown Indicators

RUDH.TORCDB.NEODifference

Max Drawdown

Largest peak-to-trough decline

-50.85%

-8.31%

-42.54%

Max Drawdown (1Y)

Largest decline over 1 year

-13.38%

-1.59%

-11.79%

Max Drawdown (3Y)

Largest decline over 3 years

-34.44%

-1.59%

-32.85%

Max Drawdown (5Y)

Largest decline over 5 years

-50.85%

-6.90%

-43.95%

Max Drawdown (10Y)

Largest decline over 10 years

-50.85%

—

—

Current Drawdown

Current decline from peak

-15.69%

-0.19%

-15.50%

Average Drawdown

Average peak-to-trough decline

-16.27%

-1.39%

-14.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.35%

0.45%

+4.90%

Volatility

RUDH.TO vs. RCDB.NEO - Volatility Comparison

RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.TO) has a higher volatility of 3.24% compared to RBC Canadian Discount Bond ETF (RCDB.NEO) at 0.63%. This indicates that RUDH.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

RUDH.TORCDB.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.24%

0.63%

+2.61%

Volatility (6M)

Calculated over the trailing 6-month period

8.74%

1.69%

+7.05%

Volatility (1Y)

Calculated over the trailing 1-year period

17.96%

2.31%

+15.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

92.57%

2.84%

+89.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

88.23%

5.44%

+82.79%

Dividends

RUDH.TO vs. RCDB.NEO - Dividend Comparison

RUDH.TO's dividend yield for the trailing twelve months is around 1.56%, less than RCDB.NEO's 2.17% yield.

PositionTTM20252024202320222021202020192018201720162015
RCDB.NEO
RBC Canadian Discount Bond ETF		2.17%1.96%1.58%1.22%1.16%1.33%1.68%0.78%0.00%0.00%0.00%0.00%
RUDH.TO
RBC Quant U.S. Dividend Leaders CAD Hedged ETF		1.56%1.47%2.78%3.26%4.27%2.36%3.68%4.01%4.96%4.03%4.32%4.94%

Frequently Asked Questions

RUDH.TO and RCDB.NEO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RUDH.TO is categorized as Dividend, while RCDB.NEO is Short-Term Bond.

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