TMCIX vs. RBESX
TMCIX (RBC SMID Cap Growth Fund) and RBESX (RBC BlueBay Emerging Market Debt Fund) are both mutual funds - TMCIX is a Mid Cap Growth Equities fund managed by RBC, while RBESX is a Emerging Markets Bonds fund managed by RBC. Over the past 10 years, TMCIX returned 9.84%/yr vs 4.38%/yr for RBESX. Their 0.34 correlation means their historical movements had little consistent relationship. TMCIX charges 0.82%/yr vs 0.79%/yr for RBESX.
Performance
TMCIX vs. RBESX - Performance Comparison
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Returns By Period
In the year-to-date period, TMCIX achieves a 8.16% return, which is significantly higher than RBESX's 2.84% return. Over the past 10 years, TMCIX has outperformed RBESX with an annualized return of 9.84%, while RBESX has yielded a comparatively lower 4.38% annualized return.
TMCIX
- 1D
- 0.63%
- 1M
- 1.07%
- 6M
- 5.04%
- YTD
- 8.16%
- 1Y
- 12.98%
- 3Y*
- 5.19%
- 5Y*
- 3.86%
- 10Y*
- 9.84%
- ALL TIME*
- 5.95%
RBESX
- 1D
- 0.11%
- 1M
- -1.31%
- 6M
- 1.37%
- YTD
- 2.84%
- 1Y
- 10.26%
- 3Y*
- 10.33%
- 5Y*
- 4.11%
- 10Y*
- 4.38%
- ALL TIME*
- 3.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TMCIX vs. RBESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMCIX RBC SMID Cap Growth Fund | 8.16% | -0.79% | 6.78% | 17.32% | -16.59% | 23.50% | 20.52% | 33.98% | -4.58% | 17.07% |
RBESX RBC BlueBay Emerging Market Debt Fund | 2.84% | 14.64% | 6.90% | 15.63% | -14.57% | -3.45% | 7.02% | 15.39% | -5.05% | 12.78% |
Correlation
The correlation between TMCIX and RBESX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.34 |
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Return for Risk
TMCIX vs. RBESX — Risk / Return Rank
TMCIX
RBESX
TMCIX vs. RBESX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC SMID Cap Growth Fund (TMCIX) and RBC BlueBay Emerging Market Debt Fund (RBESX). 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.
| TMCIX | RBESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.49 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.49 | -1.59 |
| Martin ratioReturn relative to average drawdown | 2.51 | 10.06 | -7.55 |
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Drawdowns
TMCIX vs. RBESX - Drawdown Comparison
The maximum TMCIX drawdown since its inception was -57.70%, which is greater than RBESX's maximum drawdown of -51.19%. Use the drawdown chart below to compare losses from any high point for TMCIX and RBESX.
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Drawdown Indicators
| TMCIX | RBESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.70% | -51.19% | -6.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.76% | -4.18% | -9.58% |
Max Drawdown (3Y)Largest decline over 3 years | -25.64% | -6.13% | -19.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -26.82% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -37.34% | -51.19% | +13.85% |
Current DrawdownCurrent decline from peak | 0.00% | -18.49% | +18.49% |
Average DrawdownAverage peak-to-trough decline | -16.50% | -25.33% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.96% | 1.03% | +3.93% |
Volatility
TMCIX vs. RBESX - Volatility Comparison
RBC SMID Cap Growth Fund (TMCIX) has a higher volatility of 3.70% compared to RBC BlueBay Emerging Market Debt Fund (RBESX) at 0.89%. This indicates that TMCIX's price experiences larger fluctuations and is considered to be riskier than RBESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMCIX | RBESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 0.89% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 3.55% | +8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.69% | 4.32% | +12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 6.98% | +13.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 36.87% | -16.14% |
TMCIX vs. RBESX - Expense Ratio Comparison
TMCIX has a 0.82% expense ratio, which is higher than RBESX's 0.79% expense ratio.
Dividends
TMCIX vs. RBESX - Dividend Comparison
TMCIX's dividend yield for the trailing twelve months is around 7.19%, more than RBESX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RBESX RBC BlueBay Emerging Market Debt Fund | 4.49% | 5.58% | 6.59% | 6.60% | 7.85% | 3.37% | 3.58% | 5.94% | 3.78% | 3.67% | 0.00% | 0.00% |
TMCIX RBC SMID Cap Growth Fund | 7.19% | 7.78% | 1.32% | 2.04% | 7.82% | 24.68% | 2.63% | 7.32% | 9.26% | 22.57% | 7.25% | 11.05% |
Frequently Asked Questions
TMCIX and RBESX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMCIX has higher volatility (3.70%) compared to RBESX (0.89%). In terms of maximum drawdown, TMCIX dropped -57.70% vs RBESX's -51.19%.
RBESX currently has the higher Sharpe Ratio (2.42 vs 0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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