HTB.TO vs. TULB.TO
HTB.TO (Global X US 7-10 Year Treasury Bond Index Corporate Class ETF) and TULB.TO (TD U.S. Long Term Treasury Bond ETF) are both Government Bonds funds. Both are actively managed. Over the past 5 years, HTB.TO returned 0.54%/yr vs -4.35%/yr for TULB.TO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
HTB.TO vs. TULB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HTB.TO achieves a 1.68% return, which is significantly higher than TULB.TO's 1.32% return.
HTB.TO
- 1D
- 0.08%
- 1M
- 0.03%
- 6M
- 0.05%
- YTD
- 1.68%
- 1Y
- 6.05%
- 3Y*
- 4.68%
- 5Y*
- 0.54%
- 10Y*
- 1.13%
TULB.TO
- 1D
- 0.01%
- 1M
- -0.69%
- 6M
- -1.01%
- YTD
- 1.32%
- 1Y
- 6.29%
- 3Y*
- 0.37%
- 5Y*
- -4.35%
- 10Y*
- —
HTB.TO vs. TULB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 1.68% | 2.71% | 8.07% | 0.76% | -9.56% | -3.43% | 7.87% | -3.21% |
TULB.TO TD U.S. Long Term Treasury Bond ETF | 1.32% | 0.01% | -0.66% | 0.23% | -20.71% | -5.23% | 10.77% | -2.51% |
Correlation
The correlation between HTB.TO and TULB.TO is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2019 | 0.54 |
The correlation between HTB.TO and TULB.TO shifts across timeframes, from 0.54 (all time) to 0.65 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
HTB.TO vs. TULB.TO — Risk / Return Rank
HTB.TO
TULB.TO
HTB.TO vs. TULB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) and TD U.S. Long Term Treasury Bond ETF (TULB.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.
| HTB.TO | TULB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 0.74 | +0.39 |
| Martin ratioReturn relative to average drawdown | 2.34 | 1.58 | +0.76 |
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Drawdowns
HTB.TO vs. TULB.TO - Drawdown Comparison
The maximum HTB.TO drawdown since its inception was -26.11%, smaller than the maximum TULB.TO drawdown of -44.56%. Use the drawdown chart below to compare losses from any high point for HTB.TO and TULB.TO.
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Drawdown Indicators
| HTB.TO | TULB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.11% | -44.56% | +18.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.39% | -8.51% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -7.11% | -13.17% | +6.06% |
Max Drawdown (5Y)Largest decline over 5 years | -15.89% | -34.06% | +18.17% |
Max Drawdown (10Y)Largest decline over 10 years | -26.11% | — | — |
Current DrawdownCurrent decline from peak | -11.91% | -35.90% | +23.99% |
Average DrawdownAverage peak-to-trough decline | -12.51% | -30.44% | +17.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 4.00% | -1.41% |
Volatility
HTB.TO vs. TULB.TO - Volatility Comparison
The current volatility for Global X US 7-10 Year Treasury Bond Index Corporate Class ETF (HTB.TO) is 2.00%, while TD U.S. Long Term Treasury Bond ETF (TULB.TO) has a volatility of 2.78%. This indicates that HTB.TO experiences smaller price fluctuations and is considered to be less risky than TULB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HTB.TO | TULB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.00% | 2.78% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 7.00% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 9.35% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.35% | 16.01% | -6.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 16.77% | -7.39% |
Dividends
HTB.TO vs. TULB.TO - Dividend Comparison
HTB.TO has not paid dividends to shareholders, while TULB.TO's dividend yield for the trailing twelve months is around 4.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
HTB.TO Global X US 7-10 Year Treasury Bond Index Corporate Class ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TULB.TO TD U.S. Long Term Treasury Bond ETF | 4.61% | 4.54% | 1.99% | 3.37% | 1.04% | 0.21% |
Frequently Asked Questions
HTB.TO and TULB.TO have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: Global X and TD.
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