TSTX-U.TO vs. RCDB.NEO

Last updated Jun 5, 2026

TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both Short-Term Bond funds. TSTX-U.TO is passively managed, while RCDB.NEO is actively managed. At a 0.40 correlation, their price movements are largely independent. TSTX-U.TO charges 0.15%/yr vs 0.17%/yr for RCDB.NEO.

Performance

TSTX-U.TO vs. RCDB.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and RBC Canadian Discount Bond ETF (RCDB.NEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSTX-U.TO achieves a 0.23% return, which is significantly lower than RCDB.NEO's 1.10% return.

TSTX-U.TO

• 1D: 0.08%
• 1M: 0.13%
• YTD: 0.23%
• 6M: 0.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RCDB.NEO

• 1D: -0.05%
• 1M: 0.85%
• YTD: 1.10%
• 6M: 0.91%
• 1Y: 2.92%
• 3Y*: 4.91%
• 5Y*: 2.24%
• 10Y*: —

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

TSTX-U.TO vs. RCDB.NEO - Yearly Performance Comparison

	2026 (YTD)	2025
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	0.23%	1.20%
RCDB.NEO RBC Canadian Discount Bond ETF	1.10%	0.14%

Correlation

The correlation between TSTX-U.TO and RCDB.NEO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.40

Return for Risk

TSTX-U.TO vs. RCDB.NEO — Risk / Return Rank

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

RCDB.NEO

RCDB.NEO Risk / Return Rank: 37
RCDB.NEO Sharpe Ratio Rank: 36
RCDB.NEO Sortino Ratio Rank: 35
RCDB.NEO Omega Ratio Rank: 35
RCDB.NEO Calmar Ratio Rank: 38
RCDB.NEO Martin Ratio Rank: 41

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.

TSTX-U.TO vs. RCDB.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSTX-U.TO	RCDB.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.25	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.45	+0.87

Drawdowns

TSTX-U.TO vs. RCDB.NEO - Drawdown Comparison

The maximum TSTX-U.TO drawdown since its inception was -0.90%, smaller than the maximum RCDB.NEO drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for TSTX-U.TO and RCDB.NEO.

Drawdown Indicators

	TSTX-U.TO	RCDB.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-8.31%	+7.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-6.90%	—
Current Drawdown Current decline from peak	-0.35%	-0.08%	-0.27%
Average Drawdown Average peak-to-trough decline	-0.25%	-1.41%	+1.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.47%	—

Volatility

Volatility by Period

	TSTX-U.TO	RCDB.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.68%	2.34%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	2.83%	-1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.68%	5.48%	-3.80%

TSTX-U.TO vs. RCDB.NEO - Expense Ratio Comparison

TSTX-U.TO has a 0.15% expense ratio, which is lower than RCDB.NEO's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

TSTX-U.TO vs. RCDB.NEO - Dividend Comparison

TSTX-U.TO's dividend yield for the trailing twelve months is around 2.32%, more than RCDB.NEO's 2.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
RCDB.NEO RBC Canadian Discount Bond ETF	2.11%	1.96%	1.58%	1.22%	1.16%	1.33%	1.68%	0.78%
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	2.32%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSTX-U.TO and RCDB.NEO in my portfolio?

TSTX-U.TO and RCDB.NEO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSTX-U.TO or RCDB.NEO?

On fees, TSTX-U.TO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSTX-U.TO or RCDB.NEO?

TSTX-U.TO is cheaper with a 0.15% expense ratio, compared with 0.17% for RCDB.NEO.

What is the main difference between TSTX-U.TO and RCDB.NEO?

They also come from different issuers: Global X and RBC. Their fees differ too: 0.15% for TSTX-U.TO and 0.17% for RCDB.NEO.