RUSB.TO vs. PSB.TO

Last updated Jul 16, 2026

RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and PSB.TO (Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF) are both exchange-traded funds - RUSB.TO is a Short-Term Bond fund actively managed by RBC, while PSB.TO is a Corporate Bonds fund tracking the FTSE Canada Investment Grade 1-5 Year Laddered Corporate Bond Index. RUSB.TO is actively managed, while PSB.TO is passively managed. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 2.95%/yr for PSB.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

RUSB.TO vs. PSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) and Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RUSB.TO achieves a 3.34% return, which is significantly higher than PSB.TO's 1.60% 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*: —

PSB.TO

• 1D: 0.11%
• 1M: -0.01%
• 6M: 1.04%
• YTD: 1.60%
• 1Y: 4.40%
• 3Y*: 6.06%
• 5Y*: 2.95%
• 10Y*: 2.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RUSB.TO vs. PSB.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%
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF	1.60%	4.68%	7.08%	6.44%	-3.89%	-0.97%	6.08%	4.25%	1.59%	-0.30%

Correlation

The correlation between RUSB.TO and PSB.TO is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Nov 3, 2017	0.04

The correlation between RUSB.TO and PSB.TO shifts across timeframes, from -0.09 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RUSB.TO vs. PSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RUSB.TO

RUSB.TO Risk / Return Rank: 35
RUSB.TO Sharpe Ratio Rank: 33
RUSB.TO Sortino Ratio Rank: 30
RUSB.TO Omega Ratio Rank: 38
RUSB.TO Calmar Ratio Rank: 42
RUSB.TO Martin Ratio Rank: 32

PSB.TO

PSB.TO Risk / Return Rank: 64
PSB.TO Sharpe Ratio Rank: 58
PSB.TO Sortino Ratio Rank: 59
PSB.TO Omega Ratio Rank: 57
PSB.TO Calmar Ratio Rank: 77
PSB.TO Martin Ratio Rank: 67

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.

RUSB.TO vs. PSB.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 Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.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	PSB.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.61	-0.60
Sortino ratio: Return per unit of downside risk	1.42	2.28	-0.86
Omega ratio: Gain probability vs. loss probability	1.22	1.29	-0.07
Calmar ratio: Return relative to maximum drawdown	1.81	3.20	-1.39
Martin ratio: Return relative to average drawdown	3.97	9.77	-5.80

RUSB.TO vs. PSB.TO - Sharpe Ratio Comparison

The current RUSB.TO Sharpe Ratio is 1.01, which is lower than the PSB.TO Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of RUSB.TO and PSB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RUSB.TO vs. PSB.TO - Drawdown Comparison

The maximum RUSB.TO drawdown since its inception was -14.28%, which is greater than PSB.TO's maximum drawdown of -13.24%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and PSB.TO.

Drawdown Indicators

	RUSB.TO	PSB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-14.28%	-13.24%	-1.04%
Max Drawdown (1Y) Largest decline over 1 year	-3.60%	-1.38%	-2.22%
Max Drawdown (3Y) Largest decline over 3 years	-5.26%	-1.89%	-3.37%
Max Drawdown (5Y) Largest decline over 5 years	-8.10%	-7.93%	-0.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-13.24%	—
Current Drawdown Current decline from peak	-1.54%	-0.17%	-1.37%
Average Drawdown Average peak-to-trough decline	-4.11%	-1.00%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	0.45%	+1.19%

Volatility

RUSB.TO vs. PSB.TO - Volatility Comparison

RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB.TO) at 0.67%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than PSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RUSB.TO	PSB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	0.67%	+1.38%
Volatility (6M) Calculated over the trailing 6-month period	4.25%	1.96%	+2.29%
Volatility (1Y) Calculated over the trailing 1-year period	6.45%	2.76%	+3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.05%	3.32%	+3.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.96%	4.85%	+2.11%

Dividends

RUSB.TO vs. PSB.TO - Dividend Comparison

RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than PSB.TO's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSB.TO Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF	3.20%	3.18%	3.12%	3.09%	3.13%	2.91%	2.74%	3.00%	3.37%	3.61%	4.01%	4.04%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RUSB.TO and PSB.TO in my portfolio?

RUSB.TO and PSB.TO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between RUSB.TO and PSB.TO?

RUSB.TO is categorized as Short-Term Bond, while PSB.TO is Corporate Bonds. They also come from different issuers: RBC and Invesco.