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TBAL.TO vs. TPRF.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TBAL.TO vs. TPRF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Balanced ETF Portfolio (TBAL.TO) and TD Active Preferred Share ETF (TPRF.TO).

TBAL.TO and TPRF.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBAL.TO is an actively managed fund by TD. It was launched on Aug 11, 2020. TPRF.TO is an actively managed fund by TD. It was launched on Nov 8, 2018.

Performance

TBAL.TO vs. TPRF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Balanced ETF Portfolio (TBAL.TO) and TD Active Preferred Share ETF (TPRF.TO). The values are adjusted to include any dividend payments, if applicable.

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TBAL.TO vs. TPRF.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TBAL.TO
TD Balanced ETF Portfolio		0.33%13.83%16.01%15.85%-12.63%12.93%5.05%
TPRF.TO
TD Active Preferred Share ETF		0.64%18.21%28.68%5.53%-11.31%37.88%19.68%

Returns By Period

In the year-to-date period, TBAL.TO achieves a 0.33% return, which is significantly lower than TPRF.TO's 0.64% return.

TBAL.TO

1D
1.74%
1M
-3.48%
YTD
0.33%
6M
2.23%
1Y
12.93%
3Y*
12.81%
5Y*
8.23%
10Y*
—

TPRF.TO

1D
0.64%
1M
-0.94%
YTD
0.64%
6M
5.56%
1Y
17.19%
3Y*
16.64%
5Y*
11.09%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Balanced ETF Portfolio

TD Active Preferred Share ETF

Often compared with TBAL.TO:
TBAL.TO vs. TGRO.TOTBAL.TO vs. VBAL.TOTBAL.TO vs. XBAL.TOTBAL.TO vs. TEQT.TOTBAL.TO vs. VDY.TOTBAL.TO vs. HDIV.TOTBAL.TO vs. VCNS.TO
Often compared with TPRF.TO:
TPRF.TO vs. HPR.TOTPRF.TO vs. VSC.TOTPRF.TO vs. RPF.TOTPRF.TO vs. TQCD.TOTPRF.TO vs. HLPR.TOTPRF.TO vs. VDY.TOTPRF.TO vs. ZPR.TO

TBAL.TO vs. TPRF.TO - Expense Ratio Comparison

TBAL.TO has a 0.15% expense ratio, which is lower than TPRF.TO's 0.50% expense ratio.

TPRF.TO
TD Active Preferred Share ETF
TBAL.TO
TD Balanced ETF Portfolio

Return for Risk

TBAL.TO vs. TPRF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TBAL.TO
TBAL.TO Risk / Return Rank: 7676
Overall Rank
TBAL.TO Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
TBAL.TO Sortino Ratio Rank: 7676
Sortino Ratio Rank
TBAL.TO Omega Ratio Rank: 7575
Omega Ratio Rank
TBAL.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
TBAL.TO Martin Ratio Rank: 7676
Martin Ratio Rank
TPRF.TO
TPRF.TO Risk / Return Rank: 9090
Overall Rank
TPRF.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
TPRF.TO Sortino Ratio Rank: 9292
Sortino Ratio Rank
TPRF.TO Omega Ratio Rank: 9797
Omega Ratio Rank
TPRF.TO Calmar Ratio Rank: 7979
Calmar Ratio Rank
TPRF.TO Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TBAL.TO vs. TPRF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Balanced ETF Portfolio (TBAL.TO) and TD Active Preferred Share ETF (TPRF.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.

TBAL.TOTPRF.TODifference

Sharpe ratio

Return per unit of total volatility

1.35

2.36

-1.01

Sortino ratio

Return per unit of downside risk

1.87

2.76

-0.89

Omega ratio

Gain probability vs. loss probability

1.27

1.62

-0.35

Calmar ratio

Return relative to maximum drawdown

1.89

2.17

-0.28

Martin ratio

Return relative to average drawdown

7.74

11.61

-3.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TBAL.TO vs. TPRF.TO - Sharpe Ratio Comparison

The current TBAL.TO Sharpe Ratio is 1.35, which is lower than the TPRF.TO Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of TBAL.TO and TPRF.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TBAL.TOTPRF.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

2.36

-1.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.92

1.15

-0.23

Sharpe Ratio (All Time)

Calculated using the full available price history

0.97

0.74

+0.22

Correlation

The correlation between TBAL.TO and TPRF.TO is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TBAL.TO vs. TPRF.TO - Dividend Comparison

TBAL.TO's dividend yield for the trailing twelve months is around 2.50%, less than TPRF.TO's 4.55% yield.

TTM2025202420232022202120202019
TBAL.TO
TD Balanced ETF Portfolio		2.50%2.56%2.54%2.65%2.65%1.64%0.88%0.00%
TPRF.TO
TD Active Preferred Share ETF		4.55%4.36%4.56%5.74%10.25%8.28%10.46%9.90%

Drawdowns

TBAL.TO vs. TPRF.TO - Drawdown Comparison

The maximum TBAL.TO drawdown since its inception was -17.34%, smaller than the maximum TPRF.TO drawdown of -43.12%. Use the drawdown chart below to compare losses from any high point for TBAL.TO and TPRF.TO.

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Drawdown Indicators

TBAL.TOTPRF.TODifference

Max Drawdown

Largest peak-to-trough decline

-17.34%

-43.12%

+25.78%

Max Drawdown (1Y)

Largest decline over 1 year

-7.17%

-7.93%

+0.76%

Max Drawdown (5Y)

Largest decline over 5 years

-17.34%

-20.45%

+3.11%

Current Drawdown

Current decline from peak

-3.83%

-0.94%

-2.89%

Average Drawdown

Average peak-to-trough decline

-3.62%

-6.01%

+2.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.48%

+0.27%

Volatility

TBAL.TO vs. TPRF.TO - Volatility Comparison

TD Balanced ETF Portfolio (TBAL.TO) has a higher volatility of 4.05% compared to TD Active Preferred Share ETF (TPRF.TO) at 1.51%. This indicates that TBAL.TO's price experiences larger fluctuations and is considered to be riskier than TPRF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TBAL.TOTPRF.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.05%

1.51%

+2.54%

Volatility (6M)

Calculated over the trailing 6-month period

6.12%

3.09%

+3.03%

Volatility (1Y)

Calculated over the trailing 1-year period

9.63%

7.31%

+2.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.02%

9.69%

-0.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.96%

15.58%

-6.62%