RBC Canadian Correlations

RPF Etf

CAD 24.64 0.02 0.08%

A high positive correlation means the stock tends to rise and fall in tandem with the paired instrument. The current 90-days correlation between RBC Canadian Preferred and iShares Small Cap is -0.06 (i.e., Excellent diversification).

RBC Canadian Correlation to Market

Strong inverse diversification

RBC Canadian currently posts a -0.42 correlation with Dow Jones, indicating a Strong inverse diversification relationship for the active sample. The overlap area shows the portion of risk that can be diversified away by holding both instruments together.

Co-movement patterns for RBC Canadian are summarized using correlation data. Correlation values reflect historical return alignment over available periods.

Moving together with RBC Etf

0.98	ZPR	BMO Laddered Preferred	Pair Corr
0.9	HPR	Global X Active	Pair Corr
0.81	CPD	iShares SAMPPTSX Canadian	Pair Corr
0.91	DXP	Dynamic Active Preferred	Pair Corr
0.91	DIVS	Evolve Active Canadian	Pair Corr
0.88	PR	Lysander Slater	Pair Corr
0.8	HFP	Global X Active	Pair Corr
0.88	FPR	CI Preferred Share	Pair Corr
0.9	HEU	BetaPro SAMPP TSX	Pair Corr
0.91	HXE	Global X SAMPPTSX	Pair Corr
0.91	XEG	iShares SAMPPTSX Capped	Pair Corr
0.91	ZEO	BMO Equal Weight	Pair Corr
0.91	ENCC	Global X Canadian	Pair Corr

Related Correlations Analysis

	XSUS	ENCC	HTA	TUED	QQCC	SPLT	FCCV	VDU	VI	XSU
XSUS		-0.85	0.76	0.44	0.89	-0.47	-0.05	0.16	-0.01	0.64	XSUS
ENCC	-0.85		-0.83	0.02	-0.72	0.41	0.47	0.27	0.44	-0.29	ENCC
HTA	0.76	-0.83		-0.05	0.82	-0.43	-0.44	-0.3	-0.45	0.27	HTA
TUED	0.44	0.02	-0.05		0.3	-0.3	0.78	0.91	0.84	0.81	TUED
QQCC	0.89	-0.72	0.82	0.3		-0.34	-0.08	-0.02	-0.14	0.48	QQCC
SPLT	-0.47	0.41	-0.43	-0.3	-0.34		-0.03	-0.26	-0.13	-0.69	SPLT
FCCV	-0.05	0.47	-0.44	0.78	-0.08	-0.03		0.84	0.88	0.53	FCCV
VDU	0.16	0.27	-0.3	0.91	-0.02	-0.26	0.84		0.98	0.72	VDU
VI	-0.01	0.44	-0.45	0.84	-0.14	-0.13	0.88	0.98		0.61	VI
XSU	0.64	-0.29	0.27	0.81	0.48	-0.69	0.53	0.72	0.61		XSU
	XSUS	ENCC	HTA	TUED	QQCC	SPLT	FCCV	VDU	VI	XSU

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VI	+ 0.98	VDU
VDU	+ 0.91	TUED
QQCC	+ 0.89	XSUS
VI	+ 0.88	FCCV
VI	+ 0.84	TUED
VDU	+ 0.84	FCCV

High negative correlations

ENCC	- 0.85	XSUS
HTA	- 0.83	ENCC
QQCC	- 0.72	ENCC
XSU	- 0.69	SPLT
SPLT	- 0.47	XSUS
VI	- 0.45	HTA

RBC Canadian Constituents Risk-Adjusted Indicators

Headline performance for RBC Etf may not fully reflect how the business compares across its competitive set. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XSUS	0.62	0.00	0.00	-0.06	0.00	0.00	1.09	-1.38	3.64
ENCC	0.69	0.35	0.51	-2.28	0.26	-0.87	1.62	-0.78	3.55
HTA	0.94	-0.02	0.00	-0.07	0.00	0.00	1.64	-2.39	5.36
TUED	0.87	0.09	0.08	0.04	1.16	-0.82	1.61	-1.97	6.32
QQCC	0.69	0.03	0.00	-0.02	0.00	0.00	1.26	-1.54	3.82
SPLT	0.17	-0.01	0.20	0.14	0.20	-0.20	0.37	-0.37	1.01
FCCV	0.84	0.10	0.08	0.09	1.43	-0.74	1.53	-1.98	5.37
VDU	0.77	0.11	0.08	0.06	1.25	-0.70	1.68	-1.53	5.53
VI	0.68	0.12	0.11	0.09	1.03	-0.62	1.42	-1.41	5.16
XSU	0.95	0.07	0.05	0.01	1.29	-0.89	1.65	-2.02	5.82

Be your own money manager

Optimization tools can help investors judge whether capital allocated to RBC Canadian Preferred is being used efficiently relative to other opportunities in the same equity universe. The better process compares expected return, volatility, and correlation before the position is increased or introduced.

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