TBNK.TO vs. CLSA.TO
TBNK.TO (TD Canadian Bank Dividend Index ETF) and CLSA.TO (Brompton Split Corp. Enhanced Equity Income ETF) are both Dividend funds. TBNK.TO is passively managed, while CLSA.TO is actively managed. Over the past year, TBNK.TO returned 67.81% vs 85.70% for CLSA.TO. Their 0.69 correlation means they have sometimes moved together and sometimes differently. TBNK.TO charges 0.28%/yr vs 0.60%/yr for CLSA.TO.
Performance
TBNK.TO vs. CLSA.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TBNK.TO achieves a 33.22% return, which is significantly lower than CLSA.TO's 38.64% return.
TBNK.TO
- 1D
- 0.11%
- 1M
- 1.83%
- 6M
- 35.44%
- YTD
- 33.22%
- 1Y
- 67.81%
- 3Y*
- 34.49%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 32.50%
CLSA.TO
- 1D
- -1.24%
- 1M
- 2.12%
- 6M
- 35.87%
- YTD
- 38.64%
- 1Y
- 85.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 77.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$729.27K | CA$519.45K | CA$344.99K | |
| CA$5.97M | CA$5.04M | CA$3.18M |
TBNK.TO vs. CLSA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 33.22% | 47.74% |
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 38.64% | 57.14% |
Correlation
The correlation between TBNK.TO and CLSA.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 | 0.69 |
The correlation between TBNK.TO and CLSA.TO has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
TBNK.TO vs. CLSA.TO — Risk / Return Rank
TBNK.TO
CLSA.TO
TBNK.TO vs. CLSA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Canadian Bank Dividend Index ETF (TBNK.TO) and Brompton Split Corp. Enhanced Equity Income ETF (CLSA.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.
| TBNK.TO | CLSA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 2.02 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 8.17 | 7.68 | +0.49 |
| Martin ratioReturn relative to average drawdown | 33.74 | 33.27 | +0.47 |
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Drawdowns
TBNK.TO vs. CLSA.TO - Drawdown Comparison
The maximum TBNK.TO drawdown since its inception was -15.03%, which is greater than CLSA.TO's maximum drawdown of -11.73%. Use the drawdown chart below to compare losses from any high point for TBNK.TO and CLSA.TO.
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Drawdown Indicators
| TBNK.TO | CLSA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -11.73% | -3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -10.78% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -13.43% | — | — |
Current DrawdownCurrent decline from peak | -2.90% | -2.91% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -1.26% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.49% | -0.50% |
Volatility
TBNK.TO vs. CLSA.TO - Volatility Comparison
TD Canadian Bank Dividend Index ETF (TBNK.TO) has a higher volatility of 6.24% compared to Brompton Split Corp. Enhanced Equity Income ETF (CLSA.TO) at 5.83%. This indicates that TBNK.TO's price experiences larger fluctuations and is considered to be riskier than CLSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBNK.TO | CLSA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 5.83% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 13.50% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.18% | 15.19% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 16.52% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.09% | 16.52% | -3.43% |
TBNK.TO vs. CLSA.TO - Expense Ratio Comparison
TBNK.TO has a 0.28% expense ratio, which is lower than CLSA.TO's 0.60% expense ratio.
Dividends
TBNK.TO vs. CLSA.TO - Dividend Comparison
TBNK.TO's dividend yield for the trailing twelve months is around 2.20%, less than CLSA.TO's 9.27% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CLSA.TO Brompton Split Corp. Enhanced Equity Income ETF | 9.27% | 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
TBNK.TO and CLSA.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: TD and Brompton. Their fees differ too: 0.28% for TBNK.TO and 0.60% for CLSA.TO.
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