RUSB.TO vs. RCDB.NEO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both Short-Term Bond funds from RBC. Both are actively managed. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 2.27%/yr for RCDB.NEO. At a 0.06 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. RCDB.NEO - 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 RCDB.NEO's 1.36% 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*
- —
RCDB.NEO
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 1.03%
- YTD
- 1.36%
- 1Y
- 3.56%
- 3Y*
- 5.00%
- 5Y*
- 2.27%
- 10Y*
- —
RUSB.TO vs. RCDB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 1.30% |
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 RUSB.TO and RCDB.NEO is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.06 |
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Return for Risk
RUSB.TO vs. RCDB.NEO — Risk / Return Rank
RUSB.TO
RCDB.NEO
RUSB.TO vs. RCDB.NEO - 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 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.
| RUSB.TO | RCDB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.25 | -0.44 |
| Martin ratioReturn relative to average drawdown | 3.97 | 7.88 | -3.91 |
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Drawdowns
RUSB.TO vs. RCDB.NEO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, 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 RUSB.TO and RCDB.NEO.
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Drawdown Indicators
| RUSB.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -8.31% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -1.59% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -1.59% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -6.90% | -1.20% |
Current DrawdownCurrent decline from peak | -1.54% | -0.19% | -1.35% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.39% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.45% | +1.19% |
Volatility
RUSB.TO vs. RCDB.NEO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to RBC Canadian Discount Bond ETF (RCDB.NEO) at 0.63%. This indicates that RUSB.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
| RUSB.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.63% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.69% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 2.31% | +4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 2.84% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 5.44% | +1.52% |
Dividends
RUSB.TO vs. RCDB.NEO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than RCDB.NEO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 RCDB.NEO have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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