RUSB.TO vs. TCSB.TO
RUSB.TO (RBC Short Term U.S. Corporate Bond ETF) and TCSB.TO (TD Select Short Term Corporate Bond Ladder ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, RUSB.TO returned 4.61%/yr vs 2.98%/yr for TCSB.TO. At a 0.00 correlation, their price movements are largely independent.
Performance
RUSB.TO vs. TCSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, RUSB.TO achieves a 3.34% return, which is significantly higher than TCSB.TO's 1.49% return.
RUSB.TO
- 1D
- -1.54%
- 1M
- 0.69%
- 6M
- 1.97%
- YTD
- 3.34%
- 1Y
- 6.49%
- 3Y*
- 7.53%
- 5Y*
- 4.61%
- 10Y*
- —
TCSB.TO
- 1D
- 0.14%
- 1M
- 0.03%
- 6M
- 1.22%
- YTD
- 1.49%
- 1Y
- 4.14%
- 3Y*
- 5.97%
- 5Y*
- 2.98%
- 10Y*
- —
RUSB.TO vs. TCSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 3.34% | 1.61% | 13.88% | 3.94% | -0.28% | -0.52% | 1.46% | 2.36% | 3.95% |
TCSB.TO TD Select Short Term Corporate Bond Ladder ETF | 1.49% | 4.71% | 6.89% | 6.95% | -4.39% | 0.14% | 5.36% | 5.72% | 0.13% |
Correlation
The correlation between RUSB.TO and TCSB.TO is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.00 |
The correlation between RUSB.TO and TCSB.TO shifts across timeframes, from -0.10 (1 year) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
RUSB.TO vs. TCSB.TO — Risk / Return Rank
RUSB.TO
TCSB.TO
RUSB.TO vs. TCSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) and TD Select Short Term Corporate Bond Ladder ETF (TCSB.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.
| RUSB.TO | TCSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 2.53 | -0.72 |
| Martin ratioReturn relative to average drawdown | 3.97 | 10.87 | -6.90 |
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Drawdowns
RUSB.TO vs. TCSB.TO - Drawdown Comparison
The maximum RUSB.TO drawdown since its inception was -14.28%, roughly equal to the maximum TCSB.TO drawdown of -14.90%. Use the drawdown chart below to compare losses from any high point for RUSB.TO and TCSB.TO.
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Drawdown Indicators
| RUSB.TO | TCSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.28% | -14.90% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.60% | -1.64% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -1.64% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -8.10% | -7.23% | -0.87% |
Current DrawdownCurrent decline from peak | -1.54% | -0.27% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -1.30% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 0.38% | +1.26% |
Volatility
RUSB.TO vs. TCSB.TO - Volatility Comparison
RBC Short Term U.S. Corporate Bond ETF (RUSB.TO) has a higher volatility of 2.05% compared to TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) at 0.49%. This indicates that RUSB.TO's price experiences larger fluctuations and is considered to be riskier than TCSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUSB.TO | TCSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 0.49% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 1.71% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.45% | 2.16% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 2.95% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 5.90% | +1.06% |
Dividends
RUSB.TO vs. TCSB.TO - Dividend Comparison
RUSB.TO's dividend yield for the trailing twelve months is around 4.13%, more than TCSB.TO's 3.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
RUSB.TO RBC Short Term U.S. Corporate Bond ETF | 4.13% | 3.96% | 3.38% | 3.26% | 2.48% | 2.30% | 2.78% | 2.80% | 1.90% | 0.41% |
TCSB.TO TD Select Short Term Corporate Bond Ladder ETF | 3.66% | 3.65% | 4.89% | 4.97% | 2.72% | 2.37% | 3.84% | 3.00% | 0.07% | 0.00% |
Frequently Asked Questions
RUSB.TO and TCSB.TO have a correlation of -0.10, 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: RBC and TD.
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