RUDH.TO vs. TBNK.TO
RUDH.TO (RBC Quant U.S. Dividend Leaders CAD Hedged ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. RUDH.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, RUDH.TO returned 14.35%/yr vs 36.93%/yr for TBNK.TO. At a 0.32 correlation, their price movements are largely independent.
Performance
RUDH.TO vs. TBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RUDH.TO achieves a 7.78% return, which is significantly lower than TBNK.TO's 37.19% 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%
TBNK.TO
- 1D
- 1.70%
- 1M
- 9.27%
- 6M
- 36.37%
- YTD
- 37.19%
- 1Y
- 73.80%
- 3Y*
- 36.93%
- 5Y*
- —
- 10Y*
- —
RUDH.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RUDH.TO RBC Quant U.S. Dividend Leaders CAD Hedged ETF | 7.78% | 8.78% | 5.71% | 32.40% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 37.19% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between RUDH.TO and TBNK.TO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.32 |
The correlation between RUDH.TO and TBNK.TO shifts across timeframes, from 0.31 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RUDH.TO vs. TBNK.TO — Risk / Return Rank
RUDH.TO
TBNK.TO
RUDH.TO vs. TBNK.TO - 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 TD Canadian Bank Dividend Index ETF (TBNK.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.
| RUDH.TO | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.74 | ||
| Sortino ratioReturn per unit of downside risk | -6.25 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.99 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 8.99 | -7.90 |
| Martin ratioReturn relative to average drawdown | 2.73 | 38.88 | -36.15 |
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Drawdowns
RUDH.TO vs. TBNK.TO - Drawdown Comparison
The maximum RUDH.TO drawdown since its inception was -50.85%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for RUDH.TO and TBNK.TO.
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Drawdown Indicators
| RUDH.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.85% | -15.03% | -35.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -8.25% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -34.44% | -15.03% | -19.41% |
Max Drawdown (5Y)Largest decline over 5 years | -50.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -50.85% | — | — |
Current DrawdownCurrent decline from peak | -15.69% | 0.00% | -15.69% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -2.37% | -13.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 1.90% | +3.45% |
Volatility
RUDH.TO vs. TBNK.TO - Volatility Comparison
The current volatility for RBC Quant U.S. Dividend Leaders CAD Hedged ETF (RUDH.TO) is 3.24%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 4.21%. This indicates that RUDH.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUDH.TO | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 4.21% | -0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.74% | 11.70% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.96% | 13.38% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.57% | 12.90% | +79.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.23% | 12.90% | +75.33% |
Dividends
RUDH.TO vs. TBNK.TO - Dividend Comparison
RUDH.TO's dividend yield for the trailing twelve months is around 1.56%, less than TBNK.TO's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.14% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RUDH.TO and TBNK.TO have a correlation of 0.44, 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 TD.
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