TCSB.TO vs. VSC.TO
Compare and contrast key facts about TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) and Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO).
TCSB.TO and VSC.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. VSC.TO is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Canadian 1-5 Year Corporate Float Adjusted Index. It was launched on Nov 2, 2012.
Performance
TCSB.TO vs. VSC.TO - Performance Comparison
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TCSB.TO vs. VSC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TCSB.TO TD Select Short Term Corporate Bond Ladder ETF | 0.10% | 4.71% | 6.89% | 6.95% | -4.39% | 0.15% | 5.36% | 5.72% | 0.13% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 0.10% | 4.63% | 6.69% | 6.75% | -4.23% | -0.97% | 6.27% | 4.72% | 0.60% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with TCSB.TO at 0.10% and VSC.TO at 0.10%.
TCSB.TO
- 1D
- 0.20%
- 1M
- -0.90%
- YTD
- 0.10%
- 6M
- 0.69%
- 1Y
- 3.58%
- 3Y*
- 5.48%
- 5Y*
- 2.84%
- 10Y*
- —
VSC.TO
- 1D
- 0.00%
- 1M
- -0.91%
- YTD
- 0.10%
- 6M
- 0.61%
- 1Y
- 3.13%
- 3Y*
- 5.38%
- 5Y*
- 2.64%
- 10Y*
- 2.72%
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TCSB.TO vs. VSC.TO - Expense Ratio Comparison
TCSB.TO has a 0.28% expense ratio, which is higher than VSC.TO's 0.11% expense ratio.
Return for Risk
TCSB.TO vs. VSC.TO — Risk / Return Rank
TCSB.TO
VSC.TO
TCSB.TO vs. VSC.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 Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.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.TO | VSC.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 1.53 | +0.08 |
Sortino ratioReturn per unit of downside risk | 2.31 | 2.09 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.05 | +0.14 |
Martin ratioReturn relative to average drawdown | 9.85 | 8.67 | +1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCSB.TO | VSC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.53 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.98 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.59 | -0.02 |
Correlation
The correlation between TCSB.TO and VSC.TO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TCSB.TO vs. VSC.TO - Dividend Comparison
TCSB.TO's dividend yield for the trailing twelve months is around 3.68%, less than VSC.TO's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VSC.TO Vanguard Canadian Short-Term Corporate Bond Index ETF | 3.97% | 3.61% | 3.54% | 3.14% | 2.85% | 2.59% | 2.64% | 2.71% | 2.77% | 2.75% | 2.89% | 3.05% |
Drawdowns
TCSB.TO vs. VSC.TO - Drawdown Comparison
The maximum TCSB.TO drawdown since its inception was -14.90%, smaller than the maximum VSC.TO drawdown of -15.87%. Use the drawdown chart below to compare losses from any high point for TCSB.TO and VSC.TO.
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Drawdown Indicators
| TCSB.TO | VSC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.90% | -15.87% | +0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.64% | -1.53% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -7.22% | -7.68% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.87% | — |
Current DrawdownCurrent decline from peak | -0.94% | -0.91% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -0.98% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.36% | 0.00% |
Volatility
TCSB.TO vs. VSC.TO - Volatility Comparison
TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO) has a higher volatility of 1.18% compared to Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO) at 1.00%. This indicates that TCSB.TO's price experiences larger fluctuations and is considered to be riskier than VSC.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.TO | VSC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.00% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.68% | 1.43% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 1.96% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.93% | 2.70% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.00% | 5.15% | +0.85% |