TDOC.TO vs. TBNK.TO
TDOC.TO (TD Global Healthcare Leaders Index ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both exchange-traded funds - TDOC.TO is a Health & Biotech Equities fund actively managed by TD, while TBNK.TO is a Dividend fund tracking the Solactive Canadian Bank Dividend Index (CA NTR). TDOC.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, TDOC.TO returned 6.84%/yr vs 36.93%/yr for TBNK.TO. At a 0.30 correlation, their price movements are largely independent.
Performance
TDOC.TO vs. TBNK.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 TBNK.TO's 37.19% 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*
- —
TBNK.TO
- 1D
- 1.70%
- 1M
- 9.27%
- 6M
- 36.37%
- YTD
- 37.19%
- 1Y
- 73.80%
- 3Y*
- 36.93%
- 5Y*
- —
- 10Y*
- —
TDOC.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TDOC.TO TD Global Healthcare Leaders Index ETF | 0.57% | 8.36% | 10.24% | -1.66% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 37.19% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between TDOC.TO and TBNK.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.30 |
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Return for Risk
TDOC.TO vs. TBNK.TO — Risk / Return Rank
TDOC.TO
TBNK.TO
TDOC.TO vs. TBNK.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 Canadian Bank Dividend Index ETF (TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.65 | ||
| Sortino ratioReturn per unit of downside risk | -6.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.99 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 8.99 | -7.90 |
| Martin ratioReturn relative to average drawdown | 2.58 | 38.88 | -36.29 |
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Drawdowns
TDOC.TO vs. TBNK.TO - Drawdown Comparison
The maximum TDOC.TO drawdown since its inception was -17.52%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for TDOC.TO and TBNK.TO.
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Drawdown Indicators
| TDOC.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.52% | -15.03% | -2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -11.77% | -8.25% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -12.66% | -15.03% | +2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -17.52% | — | — |
Current DrawdownCurrent decline from peak | -4.61% | 0.00% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -2.37% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.94% | 1.90% | +3.04% |
Volatility
TDOC.TO vs. TBNK.TO - Volatility Comparison
TD Global Healthcare Leaders Index ETF (TDOC.TO) has a higher volatility of 5.09% compared to TD Canadian Bank Dividend Index ETF (TBNK.TO) at 4.21%. This indicates that TDOC.TO's price experiences larger fluctuations and is considered to be riskier than TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 4.21% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 11.70% | -0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.24% | 13.38% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.07% | 12.90% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.93% | 12.90% | +0.03% |
Dividends
TDOC.TO vs. TBNK.TO - Dividend Comparison
TDOC.TO's dividend yield for the trailing twelve months is around 1.19%, less than TBNK.TO's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.14% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% |
TDOC.TO TD Global Healthcare Leaders Index ETF | 1.19% | 1.09% | 3.68% | 0.98% | 1.16% | 0.60% |
Frequently Asked Questions
TDOC.TO and TBNK.TO have a correlation of 0.32, 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 TBNK.TO is Dividend.
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