TD Canadian Long Term Federal Bond ETF (TCLB.TO)

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The chart shows the growth of an initial investment of CA$10,000 in TD Canadian Long Term Federal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

TD Canadian Long Term Federal Bond ETF (TCLB.TO) has returned 0.65% so far this year and -5.28% over the past 12 months.

Based on dividend-adjusted daily data since Dec 13, 2000, TCLB.TO's average daily return is +0.36%, while the average monthly return is +5.00%. At this rate, your investment would double in approximately 1.2 years.

Historically, 47% of months were positive and 53% were negative. The best month was Apr 2022 with a return of +468.7%, while the worst month was Mar 2022 at -84.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 7 months.

On a daily basis, TCLB.TO closed higher 50% of trading days. The best single day was Apr 4, 2022 with a return of +497.8%, while the worst single day was Mar 31, 2022 at -83.2%.

TD Canadian Long Term Federal Bond ETF has an annualized alpha of 148.87%, beta of 0.36, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since December 13, 2019.

• This ETF participated in 71.81% of S&P 500 Index downside but only 35.88% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.36 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TCLB.TO has an expense ratio of 0.23%, which is considered low.

TCLB.TO ranks 3 for risk / return — in the bottom 3% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for TD Canadian Long Term Federal Bond ETF (TCLB.TO) and compare them to a chosen benchmark (S&P 500 Index).

TD Canadian Long Term Federal Bond ETF provided a 3.31% dividend yield over the last twelve months, with an annual payout of CA$3.70 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for TD Canadian Long Term Federal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the TD Canadian Long Term Federal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the TD Canadian Long Term Federal Bond ETF was 87.04%, occurring on Mar 31, 2022. The portfolio has not yet recovered.

The current TD Canadian Long Term Federal Bond ETF drawdown is 27.84%.

The chart below shows the rolling one-month volatility.