CLSA.TO vs. TBNK.TO
CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both Dividend funds. CLSA.TO is actively managed, while TBNK.TO is passively managed. Over the past year, CLSA.TO returned 88.08% vs 67.81% for TBNK.TO. Their 0.70 correlation means they have sometimes moved together and sometimes differently. CLSA.TO charges 0.60%/yr vs 0.28%/yr for TBNK.TO.
Performance
CLSA.TO vs. TBNK.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLSA.TO achieves a 40.42% return, which is significantly higher than TBNK.TO's 33.22% return.
CLSA.TO
- 1D
- 0.03%
- 1M
- 3.42%
- 6M
- 37.13%
- YTD
- 40.42%
- 1Y
- 88.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 78.89%
TBNK.TO
- 1D
- 0.11%
- 1M
- 1.83%
- 6M
- 33.02%
- YTD
- 33.22%
- 1Y
- 67.81%
- 3Y*
- 34.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 32.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$729.28K | CA$519.46K | CA$344.99K | |
| CA$5.97M | CA$5.04M | CA$3.18M |
CLSA.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 40.42% | 57.14% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 33.22% | 47.74% |
Correlation
The correlation between CLSA.TO and TBNK.TO is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2025 | 0.70 |
The correlation between CLSA.TO and TBNK.TO has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
CLSA.TO vs. TBNK.TO — Risk / Return Rank
CLSA.TO
TBNK.TO
CLSA.TO vs. TBNK.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) and TD Canadian Bank Dividend Index ETF (TBNK.TO). 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.
| CLSA.TO | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.83 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 7.90 | 8.17 | -0.27 |
| Martin ratioReturn relative to average drawdown | 34.28 | 33.74 | +0.54 |
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Drawdowns
CLSA.TO vs. TBNK.TO - Drawdown Comparison
The maximum CLSA.TO drawdown since its inception was -11.73%, smaller than the maximum TBNK.TO drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for CLSA.TO and TBNK.TO.
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Drawdown Indicators
| CLSA.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.73% | -15.03% | +3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -8.25% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.43% | — |
Current DrawdownCurrent decline from peak | -1.67% | -2.90% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -2.37% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.99% | +0.49% |
Volatility
CLSA.TO vs. TBNK.TO - Volatility Comparison
The current volatility for Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) is 5.66%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 6.24%. This indicates that CLSA.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLSA.TO | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 6.24% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.42% | 12.45% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 14.18% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 13.09% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.47% | 13.09% | +3.38% |
CLSA.TO vs. TBNK.TO - Expense Ratio Comparison
CLSA.TO has a 0.60% expense ratio, which is higher than TBNK.TO's 0.28% expense ratio.
Dividends
CLSA.TO vs. TBNK.TO - Dividend Comparison
CLSA.TO's dividend yield for the trailing twelve months is around 10.55%, more than TBNK.TO's 2.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 10.55% | 7.99% | 0.00% | 0.00% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.20% | 2.89% | 4.03% | 3.10% |
Frequently Asked Questions
CLSA.TO and TBNK.TO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TBNK.TO is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TBNK.TO is cheaper with a 0.28% expense ratio, compared with 0.60% for CLSA.TO.
They also come from different issuers: Brompton and TD. Their fees differ too: 0.60% for CLSA.TO and 0.28% for TBNK.TO.
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