TBNK.TO vs. TUSB.TO
TBNK.TO (TD Canadian Bank Dividend Index ETF) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - TBNK.TO is a Dividend fund tracking the Solactive Canadian Bank Dividend Index (CA NTR), while TUSB.TO is a Short-Term Bond fund actively managed by TD. TBNK.TO is passively managed, while TUSB.TO is actively managed. Over the past 3 years, TBNK.TO returned 36.27%/yr vs 8.06%/yr for TUSB.TO. At a correlation of -0.10, they often move in opposite directions.
Performance
TBNK.TO vs. TUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TBNK.TO achieves a 36.43% return, which is significantly higher than TUSB.TO's 3.49% return.
TBNK.TO
- 1D
- -0.55%
- 1M
- 7.68%
- 6M
- 34.97%
- YTD
- 36.43%
- 1Y
- 71.86%
- 3Y*
- 36.27%
- 5Y*
- —
- 10Y*
- —
TUSB.TO
- 1D
- 0.07%
- 1M
- 0.41%
- 6M
- 1.98%
- YTD
- 3.49%
- 1Y
- 7.08%
- 3Y*
- 8.06%
- 5Y*
- 5.43%
- 10Y*
- —
TBNK.TO vs. TUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 36.43% | 44.62% | 20.33% | 7.99% |
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.49% | 2.39% | 14.59% | 0.34% |
Correlation
The correlation between TBNK.TO and TUSB.TO is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | -0.10 |
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Return for Risk
TBNK.TO vs. TUSB.TO — Risk / Return Rank
TBNK.TO
TUSB.TO
TBNK.TO vs. TUSB.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 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.
| TBNK.TO | TUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.83 | ||
| Sortino ratioReturn per unit of downside risk | +4.94 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.29 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 8.75 | 1.96 | +6.79 |
| Martin ratioReturn relative to average drawdown | 37.85 | 4.96 | +32.88 |
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Drawdowns
TBNK.TO vs. TUSB.TO - Drawdown Comparison
The maximum TBNK.TO drawdown since its inception was -15.03%, 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 TBNK.TO and TUSB.TO.
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Drawdown Indicators
| TBNK.TO | TUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.03% | -11.97% | -3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -3.62% | -4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -15.03% | -5.20% | -9.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.56% | — |
Current DrawdownCurrent decline from peak | -0.55% | -1.30% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -2.37% | -3.46% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.43% | +0.47% |
Volatility
TBNK.TO vs. TUSB.TO - Volatility Comparison
TD Canadian Bank Dividend Index ETF (TBNK.TO) has a higher volatility of 4.29% compared to TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) at 1.22%. This indicates that TBNK.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
| TBNK.TO | TUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 1.22% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 3.37% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 4.53% | +8.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.90% | 6.53% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.90% | 6.72% | +6.18% |
Dividends
TBNK.TO vs. TUSB.TO - Dividend Comparison
TBNK.TO's dividend yield for the trailing twelve months is around 2.15%, less than TUSB.TO's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.15% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 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
TBNK.TO and TUSB.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TBNK.TO is categorized as Dividend, while TUSB.TO is Short-Term Bond.
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