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TGRO.TO vs. TUSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TGRO.TO vs. TUSB.TO

Last updated Jul 18, 2026
Documentation

TGRO.TO (TD Growth ETF Portfolio) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - TGRO.TO is a Diversified Portfolio fund actively managed by TD, while TUSB.TO is a Short-Term Bond fund actively managed by TD. Both are actively managed. Over the past 5 years, TGRO.TO returned 12.17%/yr vs 5.40%/yr for TUSB.TO. At a correlation of -0.01, they often move in opposite directions.

Performance

TGRO.TO vs. TUSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Growth ETF Portfolio (TGRO.TO) and TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TGRO.TO achieves a 10.42% return, which is significantly higher than TUSB.TO's 3.34% return.

TGRO.TO

1D
-0.48%
1M
-0.21%
6M
6.86%
YTD
10.42%
1Y
21.84%
3Y*
18.16%
5Y*
12.17%
10Y*
—

TUSB.TO

1D
-0.14%
1M
-0.42%
6M
1.77%
YTD
3.34%
1Y
6.40%
3Y*
8.01%
5Y*
5.40%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TGRO.TO vs. TUSB.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
TGRO.TO
TD Growth ETF Portfolio		10.42%18.03%21.06%18.36%-11.39%20.64%7.27%
TUSB.TO
TD Select U.S. Short Term Corporate Bond Ladder ETF		3.34%2.39%14.59%3.52%1.39%-2.53%1.56%

Correlation

The correlation between TGRO.TO and TUSB.TO is 0.10, 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

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.03

Correlation (5Y)
Calculated over the trailing 5-year period

-0.01

Correlation (All Time)
Calculated using the full available price history since Aug 20, 2020

-0.01

The correlation between TGRO.TO and TUSB.TO shifts across timeframes, from -0.01 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

TD Growth ETF Portfolio

TD Select U.S. Short Term Corporate Bond Ladder ETF

Often compared with TGRO.TO:
TGRO.TO vs. VGRO.TOTGRO.TO vs. XEQT.TOTGRO.TO vs. XGRO.TOTGRO.TO vs. ZGRO.TOTGRO.TO vs. TBAL.TOTGRO.TO vs. TEQT.TOTGRO.TO vs. TPU.TO
Often compared with TUSB.TO:
TUSB.TO vs. CFRN.TOTUSB.TO vs. DCS.TOTUSB.TO vs. MCSB.TOTUSB.TO vs. QSB.TOTUSB.TO vs. RBO.TOTUSB.TO vs. RUSB.TOTUSB.TO vs. ZSDB.TO

Return for Risk

TGRO.TO vs. TUSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TGRO.TO
TGRO.TO Risk / Return Rank: 8181
Overall Rank
TGRO.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
TGRO.TO Sortino Ratio Rank: 8282
Sortino Ratio Rank
TGRO.TO Omega Ratio Rank: 8282
Omega Ratio Rank
TGRO.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
TGRO.TO Martin Ratio Rank: 8383
Martin Ratio Rank
TUSB.TO
TUSB.TO Risk / Return Rank: 5050
Overall Rank
TUSB.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
TUSB.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
TUSB.TO Omega Ratio Rank: 5454
Omega Ratio Rank
TUSB.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
TUSB.TO Martin Ratio Rank: 3838
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.

TGRO.TO vs. TUSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Growth ETF Portfolio (TGRO.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.

TGRO.TOTUSB.TODifference
Sharpe ratioReturn per unit of total volatility
2.10
1.43

+0.68

Sortino ratioReturn per unit of downside risk
2.97
2.09

+0.87

Omega ratioGain probability vs. loss probability

1.39

1.26

+0.13

Calmar ratioReturn relative to maximum drawdown

3.04

1.78

+1.27

Martin ratioReturn relative to average drawdown

13.10

4.48

+8.62

TGRO.TO vs. TUSB.TO - Sharpe Ratio Comparison

The current TGRO.TO Sharpe Ratio is 2.10, which is higher than the TUSB.TO Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of TGRO.TO and TUSB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TGRO.TO vs. TUSB.TO - Drawdown Comparison

The maximum TGRO.TO drawdown since its inception was -18.37%, 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 TGRO.TO and TUSB.TO.

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Drawdown Indicators

TGRO.TOTUSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-18.37%

-11.97%

-6.40%

Max Drawdown (1Y)

Largest decline over 1 year

-7.21%

-3.62%

-3.59%

Max Drawdown (3Y)

Largest decline over 3 years

-13.53%

-5.20%

-8.33%

Max Drawdown (5Y)

Largest decline over 5 years

-18.37%

-7.56%

-10.81%

Current Drawdown

Current decline from peak

-1.72%

-1.43%

-0.29%

Average Drawdown

Average peak-to-trough decline

-3.43%

-3.45%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.67%

1.43%

+0.24%

Volatility

TGRO.TO vs. TUSB.TO - Volatility Comparison

TD Growth ETF Portfolio (TGRO.TO) has a higher volatility of 2.03% compared to TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) at 1.00%. This indicates that TGRO.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

TGRO.TOTUSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.03%

1.00%

+1.03%

Volatility (6M)

Calculated over the trailing 6-month period

8.63%

3.38%

+5.25%

Volatility (1Y)

Calculated over the trailing 1-year period

10.45%

4.53%

+5.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.80%

6.53%

+5.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.58%

6.71%

+4.87%

Dividends

TGRO.TO vs. TUSB.TO - Dividend Comparison

TGRO.TO's dividend yield for the trailing twelve months is around 1.75%, less than TUSB.TO's 4.57% yield.

PositionTTM20252024202320222021202020192018
TGRO.TO
TD Growth ETF Portfolio		1.75%2.03%2.06%2.16%2.46%1.71%0.83%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

TGRO.TO and TUSB.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TGRO.TO is categorized as Diversified Portfolio, while TUSB.TO is Short-Term Bond.

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