RUSB.TO vs. MCSB.TO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and MCSB.TO (Mackenzie Canadian Short Term Fixed Income ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 5.00%/yr for MCSB.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. MCSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RUSB.TO achieves a 3.34% return, which is significantly higher than MCSB.TO's 1.47% return.
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
MCSB.TO
- 1D
- 0.15%
- 1M
- 0.06%
- 6M
- 1.06%
- YTD
- 1.47%
- 1Y
- 3.36%
- 3Y*
- 5.41%
- 5Y*
- 5.00%
- 10Y*
- —
RUSB.TO vs. MCSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 2.36% | 7.83% | -0.13% |
MCSB.TO Mackenzie Canadian Short Term Fixed Income ETF | 1.47% | 3.93% | 6.41% | 5.77% | -4.18% | 11.34% | 5.66% | 3.79% | 1.50% | -0.06% |
Correlation
The correlation between RUSB.TO and MCSB.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2017 | 0.11 |
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Return for Risk
RUSB.TO vs. MCSB.TO — Risk / Return Rank
RUSB.TO
MCSB.TO
RUSB.TO vs. MCSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) and Mackenzie Canadian Short Term Fixed Income ETF (MCSB.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.
| RUSB.TO | MCSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.27 | -0.46 |
| Martin ratioReturn relative to average drawdown | 3.97 | 6.58 | -2.61 |
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Drawdowns
RUSB.TO vs. MCSB.TO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, which is greater than MCSB.TO's maximum drawdown of -8.35%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and MCSB.TO.
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Drawdown Indicators
| RUSB.TO | MCSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -8.35% | -5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -1.49% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -1.49% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -6.24% | -1.86% |
Current DrawdownCurrent decline from peak | -1.54% | -0.34% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.05% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.51% | +1.13% |
Volatility
RUSB.TO vs. MCSB.TO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to Mackenzie Canadian Short Term Fixed Income ETF (MCSB.TO) at 0.71%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than MCSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUSB.TO | MCSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.71% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.62% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 2.26% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 6.42% | +0.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 5.83% | +1.13% |
Dividends
RUSB.TO vs. MCSB.TO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than MCSB.TO's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MCSB.TO Mackenzie Canadian Short Term Fixed Income ETF | 3.12% | 3.16% | 3.17% | 3.18% | 2.47% | 12.93% | 2.47% | 2.31% | 2.91% | 0.14% |
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
Frequently Asked Questions
RUSB.TO and MCSB.TO have a correlation of 0.13, 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 Mackenzie.
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