RUSB.TO vs. ZSDB.TO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and ZSDB.TO (BMO Short-Term Discount Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, RUSB.TO returned 6.49% vs 0.48% for ZSDB.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. ZSDB.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 ZSDB.TO's 0.97% 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*
- —
ZSDB.TO
- 1D
- 0.13%
- 1M
- -0.02%
- 6M
- 0.91%
- YTD
- 0.97%
- 1Y
- 0.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RUSB.TO vs. ZSDB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 0.02% |
ZSDB.TO BMO Short-Term Discount Bond ETF | 0.97% | 1.23% | 6.02% | 0.38% |
Correlation
The correlation between RUSB.TO and ZSDB.TO is -0.04, 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 | -0.04 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | 0.12 |
The correlation between RUSB.TO and ZSDB.TO shifts across timeframes, from -0.04 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RUSB.TO vs. ZSDB.TO — Risk / Return Rank
RUSB.TO
ZSDB.TO
RUSB.TO vs. ZSDB.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 BMO Short-Term Discount Bond ETF (ZSDB.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 | ZSDB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.04 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.15 | +1.66 |
| Martin ratioReturn relative to average drawdown | 3.97 | 0.28 | +3.69 |
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Drawdowns
RUSB.TO vs. ZSDB.TO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, which is greater than ZSDB.TO's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and ZSDB.TO.
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Drawdown Indicators
| RUSB.TO | ZSDB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -3.20% | -11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -3.20% | -0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -1.73% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.66% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.74% | -0.10% |
Volatility
RUSB.TO vs. ZSDB.TO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to BMO Short-Term Discount Bond ETF (ZSDB.TO) at 0.50%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than ZSDB.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 | ZSDB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.50% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.52% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 3.28% | +3.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 2.78% | +4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 2.78% | +4.18% |
Dividends
RUSB.TO vs. ZSDB.TO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than ZSDB.TO's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZSDB.TO BMO Short-Term Discount Bond ETF | 1.35% | 1.29% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RUSB.TO and ZSDB.TO have a correlation of -0.04, 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 BMO.
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