- Issuer
- TD
- Inception Date
- Nov 19, 2019
- Category
- Government Bonds, Long-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
TULB.TO Performance Chart
TD U.S. Long Term Treasury Bond ETF (TULB.TO) is up 1.3% since the beginning of the year. TULB.TO is currently trading at CA$108 per share. Investors who bought CA$1,000 worth of TULB.TO shares 5 years ago would now be looking at an investment worth CA$801.
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Returns By Period
TD U.S. Long Term Treasury Bond ETF (TULB.TO) has returned 1.32% so far this year and 6.29% over the past 12 months.
TD U.S. Long Term Treasury Bond ETF
- 1D
- 0.01%
- 1M
- -0.69%
- 6M
- -1.01%
- YTD
- 1.32%
- 1Y
- 6.29%
- 3Y*
- 0.37%
- 5Y*
- -4.35%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.31%
- 1M
- 0.87%
- 6M
- 10.62%
- YTD
- 13.50%
- 1Y
- 24.35%
- 3Y*
- 21.67%
- 5Y*
- 14.33%
- 10Y*
- 14.32%
TULB.TO Monthly Returns History
Based on dividend-adjusted daily data since Nov 28, 2019, TULB.TO's average daily return is -0.01%, while the average monthly return is -0.18%.
Historically, 41% of months were positive and 59% were negative. The best month was Mar 2020 with a return of +11.2%, while the worst month was Feb 2021 at -8.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 8 months.
On a daily basis, TULB.TO closed higher 47% of trading days. The best single day was Mar 9, 2020 with a return of +6.3%, while the worst single day was Oct 21, 2022 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.42% | 4.88% | -1.53% | -3.46% | 2.01% | 4.33% | -3.14% | 1.32% | |||||
| 2025 | 1.57% | 2.51% | 0.89% | -5.31% | -3.26% | 1.71% | 0.33% | -0.69% | 5.25% | 1.76% | -0.58% | -3.69% | 0.01% |
| 2024 | -1.05% | -0.82% | -0.33% | -5.19% | 2.49% | 1.38% | 4.12% | 0.02% | 2.56% | -2.52% | 1.67% | -2.60% | -0.66% |
| 2023 | 3.20% | -2.27% | 3.35% | 1.75% | -2.57% | -2.66% | -2.48% | 0.47% | -7.10% | -2.18% | 5.70% | 5.88% | 0.23% |
| 2022 | -3.21% | -2.71% | -4.25% | -6.08% | -2.14% | 0.44% | 2.55% | -1.56% | -3.67% | -6.18% | 4.93% | -0.51% | -20.71% |
| 2021 | -2.55% | -8.00% | -1.23% | -1.25% | -1.56% | 4.68% | 5.91% | -0.43% | -2.10% | -0.91% | 5.78% | -2.80% | -5.23% |
Benchmark Metrics
TD U.S. Long Term Treasury Bond ETF has an annualized alpha of -2.82%, beta of -0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 28, 2019.
- This ETF participated in 87.76% of S&P 500 Index downside but only 19.56% of its upside - more exposed to losses than it benefited from rallies.
- Beta of -0.03 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.
- Alpha
- -2.82%
- Beta
- -0.03
- R²
- 0.00
- Upside Capture
- 19.56%
- Downside Capture
- 87.76%
Return for Risk
Risk / Return Rank
TULB.TO ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for TD U.S. Long Term Treasury Bond ETF (TULB.TO) and compare them to S&P 500 Index.
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.
| TULB.TO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.33 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.67 | -1.92 |
| Martin ratioReturn relative to average drawdown | 1.58 | 9.87 | -8.30 |
Dividends
Dividend History
TD U.S. Long Term Treasury Bond ETF provided a 4.61% dividend yield over the last twelve months, with an annual payout of CA$4.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | CA$4.97 | CA$4.94 | CA$2.26 | CA$3.93 | CA$1.26 | CA$0.32 |
Dividend yield | 4.61% | 4.54% | 1.99% | 3.37% | 1.04% | 0.21% |
Monthly Dividends
The table displays the monthly dividend distributions for TD U.S. Long Term Treasury Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | CA$0.00 | CA$0.00 | CA$1.25 | CA$0.00 | CA$0.00 | CA$1.25 | CA$0.00 | CA$2.50 | |||||
| 2025 | CA$0.00 | CA$0.00 | CA$1.24 | CA$0.00 | CA$0.00 | CA$1.24 | CA$0.00 | CA$0.00 | CA$1.24 | CA$0.00 | CA$0.00 | CA$1.24 | CA$4.94 |
| 2024 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$1.13 | CA$0.00 | CA$0.00 | CA$1.13 | CA$2.26 |
| 2023 | CA$0.00 | CA$0.00 | CA$1.12 | CA$0.00 | CA$0.00 | CA$1.12 | CA$0.00 | CA$0.00 | CA$1.12 | CA$0.00 | CA$0.00 | CA$0.58 | CA$3.93 |
| 2022 | CA$0.00 | CA$0.00 | CA$0.10 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$1.16 | CA$1.26 |
| 2021 | CA$0.07 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.00 | CA$0.07 | CA$0.00 | CA$0.00 | CA$0.19 | CA$0.32 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the TD U.S. Long Term Treasury 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 U.S. Long Term Treasury Bond ETF was 44.56%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current TD U.S. Long Term Treasury Bond ETF drawdown is 35.90%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.56%Oct 2023 | 3y 6mo | — | 6y 2moApr 2020 - now | — |
-4.99%Apr 2020 | 29d | 13d | 1mo 12dMar 2020 - Apr 2020 | COVID crash2020 |
-3.23%Jan 2020 | 29d | 21d | 1mo 20dDec 2019 - Jan 2020 | — |
-1.27%Feb 2020 | 2d | 9d | 11dFeb 2020 - Feb 2020 | COVID crash2020 |
-0.21%Mar 2020 | 0s | 2d | 2dMar 2020 - Mar 2020 | COVID crash2020 |
Drawdown Indicators
| TULB.TO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -48.87% | +4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -9.17% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -19.59% | +6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -34.06% | -23.14% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -35.90% | -0.82% | -35.08% |
Average DrawdownAverage peak-to-trough decline | -30.44% | -9.63% | -20.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 2.47% | +1.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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