RUSB.TO vs. RQP.TO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and RQP.TO (RBC Target 2027 Canadian Corporate Bond Index ETF) are both exchange-traded funds - RUSB.TO is a Short-Term Bond fund actively managed by RBC, while RQP.TO is a Corporate Bonds fund actively managed by RBC. Both are actively managed. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 1.75%/yr for RQP.TO. At a 0.06 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. RQP.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 RQP.TO's 1.35% 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*
- —
RQP.TO
- 1D
- 0.05%
- 1M
- 0.16%
- 6M
- 1.19%
- YTD
- 1.35%
- 1Y
- 3.41%
- 3Y*
- 5.72%
- 5Y*
- 1.75%
- 10Y*
- —
RUSB.TO vs. RQP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | -2.70% |
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 1.35% | 4.15% | 6.22% | 6.87% | -8.19% | -2.20% | 1.15% |
Correlation
The correlation between RUSB.TO and RQP.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.06 |
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Return for Risk
RUSB.TO vs. RQP.TO — Risk / Return Rank
RUSB.TO
RQP.TO
RUSB.TO vs. RQP.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 RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.66 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 5.24 | -3.43 |
| Martin ratioReturn relative to average drawdown | 3.97 | 27.52 | -23.56 |
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Drawdowns
RUSB.TO vs. RQP.TO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, roughly equal to the maximum RQP.TO drawdown of -13.88%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and RQP.TO.
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Drawdown Indicators
| RUSB.TO | RQP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -13.88% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -0.65% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -1.46% | -3.80% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -12.93% | +4.83% |
Current DrawdownCurrent decline from peak | -1.54% | 0.00% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -4.13% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.12% | +1.52% |
Volatility
RUSB.TO vs. RQP.TO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to RBC Target 2027 Canadian Corporate Bond Index ETF (RQP.TO) at 0.33%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than RQP.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 | RQP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.33% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 0.85% | +3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 1.16% | +5.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 3.86% | +3.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 3.77% | +3.19% |
Dividends
RUSB.TO vs. RQP.TO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than RQP.TO's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RQP.TO RBC Target 2027 Canadian Corporate Bond Index ETF | 3.70% | 3.58% | 3.25% | 3.18% | 2.67% | 2.29% | 0.60% | 0.00% | 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 RQP.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RUSB.TO is categorized as Short-Term Bond, while RQP.TO is Corporate Bonds.
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