TDOC.TO vs. TBAL.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and TBAL.TO (TD Balanced ETF Portfolio) are both exchange-traded funds - TDOC.TO is a Health & Biotech Equities fund actively managed by TD, while TBAL.TO is a Global Allocation fund actively managed by TD. Both are actively managed. Over the past 5 years, TDOC.TO returned 5.10%/yr vs 8.61%/yr for TBAL.TO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
TDOC.TO vs. TBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TDOC.TO achieves a 0.57% return, which is significantly lower than TBAL.TO's 8.36% return.
TDOC.TO
- 1D
- 0.00%
- 1M
- 3.81%
- 6M
- -3.26%
- YTD
- 0.57%
- 1Y
- 12.75%
- 3Y*
- 6.84%
- 5Y*
- 5.10%
- 10Y*
- —
TBAL.TO
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 5.95%
- YTD
- 8.36%
- 1Y
- 18.21%
- 3Y*
- 14.32%
- 5Y*
- 8.61%
- 10Y*
- —
TDOC.TO vs. TBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 0.57% | 8.36% | 10.24% | 1.71% | -1.37% | 15.59% |
TBAL.TO TD Balanced ETF Portfolio | 8.36% | 13.83% | 15.32% | 15.85% | -12.63% | 8.96% |
Correlation
The correlation between TDOC.TO and TBAL.TO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.51 |
The correlation between TDOC.TO and TBAL.TO has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
TDOC.TO vs. TBAL.TO — Risk / Return Rank
TDOC.TO
TBAL.TO
TDOC.TO vs. TBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Global Healthcare Leaders Index ETF (TDOC.TO) and TD Balanced ETF Portfolio (TBAL.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.
| TDOC.TO | TBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.06 | -1.97 |
| Martin ratioReturn relative to average drawdown | 2.58 | 12.90 | -10.32 |
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Drawdowns
TDOC.TO vs. TBAL.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, roughly equal to the maximum TBAL.TO drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and TBAL.TO.
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Drawdown Indicators
| TDOC.TO | TBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -17.34% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -5.98% | -5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -9.07% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | -17.34% | -0.18% |
Current DrawdownCurrent decline from peak | -4.61% | -1.01% | -3.60% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -3.49% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 1.41% | +3.53% |
Volatility
TDOC.TO vs. TBAL.TO - Volatility Comparison
TD Global Healthcare Leaders Index ETF (TDOC.TO) has a higher volatility of 5.09% compared to TD Balanced ETF Portfolio (TBAL.TO) at 1.81%. This indicates that TDOC.TO's price experiences larger fluctuations and is considered to be riskier than TBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDOC.TO | TBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 1.81% | +3.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 6.86% | +3.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 8.18% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 9.16% | +3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 8.97% | +3.96% |
Dividends
TDOC.TO vs. TBAL.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, less than TBAL.TO's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
TBAL.TO TD Balanced ETF Portfolio | 2.26% | 2.56% | 2.55% | 2.65% | 2.65% | 1.75% | 0.88% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% | 0.00% |
Frequently Asked Questions
TDOC.TO and TBAL.TO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDOC.TO is categorized as Health & Biotech Equities, while TBAL.TO is Global Allocation.
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