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TCSB.TO vs. TQCD.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TCSB.TO vs. TQCD.TO

Last updated Apr 1, 2026

Compare and contrast key facts about TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) and TD Q Canadian Dividend ETF (TQCD.TO).

TCSB.TO and TQCD.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCSB.TO is an actively managed fund by TD. It was launched on Nov 8, 2018. TQCD.TO is an actively managed fund by TD. It was launched on Nov 20, 2019.

Performance

TCSB.TO vs. TQCD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) and TD Q Canadian Dividend ETF (TQCD.TO). The values are adjusted to include any dividend payments, if applicable.

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TCSB.TO vs. TQCD.TO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TCSB.TO
TD Select Short Term Corporate Bond Ladder ETF		0.10%4.71%6.89%6.95%-4.39%0.15%5.36%0.24%
TQCD.TO
TD Q Canadian Dividend ETF		7.36%33.11%22.27%12.29%1.68%26.29%-13.24%3.12%

Returns By Period

In the year-to-date period, TCSB.TO achieves a 0.10% return, which is significantly lower than TQCD.TO's 7.36% return.

TCSB.TO

1D
0.20%
1M
-0.90%
YTD
0.10%
6M
0.69%
1Y
3.58%
3Y*
5.48%
5Y*
2.84%
10Y*
—

TQCD.TO

1D
1.87%
1M
-2.72%
YTD
7.36%
6M
15.97%
1Y
38.76%
3Y*
23.13%
5Y*
17.71%
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 Select Short Term Corporate Bond Ladder ETF

TD Q Canadian Dividend ETF

Often compared with TCSB.TO:
TCSB.TO vs. ZSDB.TOTCSB.TO vs. VSC.TOTCSB.TO vs. TDB.TOTCSB.TO vs. TSTX-U.TO
Often compared with TQCD.TO:
TQCD.TO vs. VDY.TOTQCD.TO vs. XDIV.TOTQCD.TO vs. TTP.TOTQCD.TO vs. XIC.TOTQCD.TO vs. HDIV.TOTQCD.TO vs. SCHDTQCD.TO vs. CEW.TO

TCSB.TO vs. TQCD.TO - Expense Ratio Comparison

TCSB.TO has a 0.28% expense ratio, which is lower than TQCD.TO's 0.39% expense ratio.

TQCD.TO
TD Q Canadian Dividend ETF
TCSB.TO
TD Select Short Term Corporate Bond Ladder ETF

Return for Risk

TCSB.TO vs. TQCD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TCSB.TO
TCSB.TO Risk / Return Rank: 8282
Overall Rank
TCSB.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
TCSB.TO Sortino Ratio Rank: 8585
Sortino Ratio Rank
TCSB.TO Omega Ratio Rank: 8080
Omega Ratio Rank
TCSB.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
TCSB.TO Martin Ratio Rank: 8484
Martin Ratio Rank
TQCD.TO
TQCD.TO Risk / Return Rank: 9797
Overall Rank
TQCD.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
TQCD.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
TQCD.TO Omega Ratio Rank: 9797
Omega Ratio Rank
TQCD.TO Calmar Ratio Rank: 9494
Calmar Ratio Rank
TQCD.TO Martin Ratio Rank: 9797
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.

TCSB.TO vs. TQCD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) and TD Q Canadian Dividend ETF (TQCD.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.

TCSB.TOTQCD.TODifference

Sharpe ratio

Return per unit of total volatility

1.60

3.01

-1.40

Sortino ratio

Return per unit of downside risk

2.31

3.72

-1.41

Omega ratio

Gain probability vs. loss probability

1.32

1.62

-0.31

Calmar ratio

Return relative to maximum drawdown

2.18

3.72

-1.53

Martin ratio

Return relative to average drawdown

9.85

19.47

-9.62

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

TCSB.TO vs. TQCD.TO - Sharpe Ratio Comparison

The current TCSB.TO Sharpe Ratio is 1.60, which is lower than the TQCD.TO Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of TCSB.TO and TQCD.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

TCSB.TOTQCD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.60

3.01

-1.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

1.45

-0.48

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.70

-0.13

Correlation

The correlation between TCSB.TO and TQCD.TO is 0.11, 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

TCSB.TO vs. TQCD.TO - Dividend Comparison

TCSB.TO's dividend yield for the trailing twelve months is around 3.68%, more than TQCD.TO's 2.88% yield.

TTM20252024202320222021202020192018
TCSB.TO
TD Select Short Term Corporate Bond Ladder ETF		3.68%3.65%4.89%4.97%2.72%2.37%3.84%3.00%0.06%
TQCD.TO
TD Q Canadian Dividend ETF		2.88%2.95%3.47%3.73%4.03%4.09%6.20%0.39%0.00%

Drawdowns

TCSB.TO vs. TQCD.TO - Drawdown Comparison

The maximum TCSB.TO drawdown since its inception was -14.90%, smaller than the maximum TQCD.TO drawdown of -46.47%. Use the drawdown chart below to compare losses from any high point for TCSB.TO and TQCD.TO.

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Drawdown Indicators

TCSB.TOTQCD.TODifference

Max Drawdown

Largest peak-to-trough decline

-14.90%

-46.47%

+31.57%

Max Drawdown (1Y)

Largest decline over 1 year

-1.64%

-10.74%

+9.10%

Max Drawdown (5Y)

Largest decline over 5 years

-7.22%

-15.65%

+8.43%

Current Drawdown

Current decline from peak

-0.94%

-3.29%

+2.35%

Average Drawdown

Average peak-to-trough decline

-1.34%

-6.14%

+4.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.36%

2.05%

-1.69%

Volatility

TCSB.TO vs. TQCD.TO - Volatility Comparison

The current volatility for TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) is 1.18%, while TD Q Canadian Dividend ETF (TQCD.TO) has a volatility of 4.71%. This indicates that TCSB.TO experiences smaller price fluctuations and is considered to be less risky than TQCD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TCSB.TOTQCD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.18%

4.71%

-3.53%

Volatility (6M)

Calculated over the trailing 6-month period

1.68%

8.41%

-6.73%

Volatility (1Y)

Calculated over the trailing 1-year period

2.24%

12.98%

-10.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.93%

12.25%

-9.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.00%

19.63%

-13.63%