TBAL.TO vs. TUSB.TO
TBAL.TO (TD Balanced ETF Portfolio) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - TBAL.TO is a Global Allocation fund actively managed by TD, while TUSB.TO is a Short-Term Bond fund actively managed by TD. Both are actively managed. Over the past 5 years, TBAL.TO returned 8.61%/yr vs 5.41%/yr for TUSB.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
TBAL.TO vs. TUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TBAL.TO achieves a 8.36% return, which is significantly higher than TUSB.TO's 3.41% return.
TBAL.TO
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 5.95%
- YTD
- 8.36%
- 1Y
- 18.21%
- 3Y*
- 14.32%
- 5Y*
- 8.61%
- 10Y*
- —
TUSB.TO
- 1D
- -0.21%
- 1M
- 0.48%
- 6M
- 1.98%
- YTD
- 3.41%
- 1Y
- 6.93%
- 3Y*
- 7.96%
- 5Y*
- 5.41%
- 10Y*
- —
TBAL.TO vs. TUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TBAL.TO TD Balanced ETF Portfolio | 8.36% | 13.83% | 15.32% | 15.85% | -12.63% | 13.07% | 5.05% |
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.41% | 2.39% | 14.59% | 3.52% | 1.39% | -2.53% | 1.56% |
Correlation
The correlation between TBAL.TO and TUSB.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.04 |
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Return for Risk
TBAL.TO vs. TUSB.TO — Risk / Return Rank
TBAL.TO
TUSB.TO
TBAL.TO vs. TUSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Balanced ETF Portfolio (TBAL.TO) and TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.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.
| TBAL.TO | TUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.92 | +1.13 |
| Martin ratioReturn relative to average drawdown | 12.90 | 4.86 | +8.04 |
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Drawdowns
TBAL.TO vs. TUSB.TO - Drawdown Comparison
The maximum TBAL.TO drawdown since its inception was -17.34%, which is greater than TUSB.TO's maximum drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for TBAL.TO and TUSB.TO.
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Drawdown Indicators
| TBAL.TO | TUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.34% | -11.97% | -5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.98% | -3.62% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -9.07% | -5.20% | -3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -17.34% | -7.56% | -9.78% |
Current DrawdownCurrent decline from peak | -1.01% | -1.37% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -3.46% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.43% | -0.02% |
Volatility
TBAL.TO vs. TUSB.TO - Volatility Comparison
TD Balanced ETF Portfolio (TBAL.TO) has a higher volatility of 1.81% compared to TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) at 1.23%. This indicates that TBAL.TO's price experiences larger fluctuations and is considered to be riskier than TUSB.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.TO | TUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 1.23% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | 3.37% | +3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.18% | 4.53% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.16% | 6.53% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.97% | 6.72% | +2.25% |
Dividends
TBAL.TO vs. TUSB.TO - Dividend Comparison
TBAL.TO's dividend yield for the trailing twelve months is around 2.26%, less than TUSB.TO's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TBAL.TO TD Balanced ETF Portfolio | 2.26% | 2.56% | 2.55% | 2.65% | 2.65% | 1.75% | 0.88% | 0.00% | 0.00% |
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 4.57% | 5.05% | 4.92% | 5.35% | 3.54% | 3.43% | 5.07% | 4.48% | 0.55% |
Frequently Asked Questions
TBAL.TO and TUSB.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.
TBAL.TO is categorized as Global Allocation, while TUSB.TO is Short-Term Bond.
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