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

TPE.TO vs. TUSB.TO

Last updated Jul 16, 2026
Documentation

TPE.TO (TD International Equity Index ETF) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - TPE.TO is a International Equity fund tracking the Solactive GBS Developed Markets ex North America Large & Mid Cap CAD Index (CA NTR), while TUSB.TO is a Short-Term Bond fund actively managed by TD. TPE.TO is passively managed, while TUSB.TO is actively managed. Over the past 5 years, TPE.TO returned 11.52%/yr vs 5.41%/yr for TUSB.TO. At a correlation of -0.04, they often move in opposite directions.

Performance

TPE.TO vs. TUSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD International Equity Index ETF (TPE.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, TPE.TO achieves a 13.27% return, which is significantly higher than TUSB.TO's 3.41% return.

TPE.TO

1D
0.46%
1M
1.06%
6M
8.12%
YTD
13.27%
1Y
26.13%
3Y*
18.18%
5Y*
11.52%
10Y*
10.31%

TUSB.TO

1D
-0.21%
1M
0.48%
6M
1.98%
YTD
3.41%
1Y
6.93%
3Y*
7.96%
5Y*
5.41%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
TPE.TO
TD International Equity Index ETF		13.27%25.30%12.36%15.65%-9.18%10.41%6.19%16.38%-2.39%
TUSB.TO
TD Select U.S. Short Term Corporate Bond Ladder ETF		3.41%2.39%14.59%3.52%1.39%-2.53%3.22%1.54%3.47%

Correlation

The correlation between TPE.TO and TUSB.TO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

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

-0.00

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

-0.03

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2018

-0.04

The correlation between TPE.TO and TUSB.TO shifts across timeframes, from -0.04 (all time) to 0.12 (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 International Equity Index ETF

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

Often compared with TPE.TO:
TPE.TO vs. VIU.TOTPE.TO vs. XEF.TOTPE.TO vs. TPU.TOTPE.TO vs. ZEA.TOTPE.TO vs. VIDY.TOTPE.TO vs. GSIDTPE.TO vs. AVDV

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TPE.TO
TPE.TO Risk / Return Rank: 6363
Overall Rank
TPE.TO Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
TPE.TO Sortino Ratio Rank: 6666
Sortino Ratio Rank
TPE.TO Omega Ratio Rank: 6767
Omega Ratio Rank
TPE.TO Calmar Ratio Rank: 5757
Calmar Ratio Rank
TPE.TO Martin Ratio Rank: 6161
Martin Ratio Rank
TUSB.TO
TUSB.TO Risk / Return Rank: 5050
Overall Rank
TUSB.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
TUSB.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
TUSB.TO Omega Ratio Rank: 5555
Omega Ratio Rank
TUSB.TO Calmar Ratio Rank: 4545
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.

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

This table presents a comparison of risk-adjusted performance metrics for TD International Equity Index ETF (TPE.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.

TPE.TOTUSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.71
1.54

+0.18

Sortino ratioReturn per unit of downside risk
2.45
2.26

+0.20

Omega ratioGain probability vs. loss probability

1.32

1.28

+0.04

Calmar ratioReturn relative to maximum drawdown

2.31

1.92

+0.39

Martin ratioReturn relative to average drawdown

8.72

4.86

+3.85

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

The current TPE.TO Sharpe Ratio is 1.71, which is comparable to the TUSB.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of TPE.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

TPE.TO vs. TUSB.TO - Drawdown Comparison

The maximum TPE.TO drawdown since its inception was -27.42%, 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 TPE.TO and TUSB.TO.

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Drawdown Indicators

TPE.TOTUSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-27.42%

-11.97%

-15.45%

Max Drawdown (1Y)

Largest decline over 1 year

-11.35%

-3.62%

-7.73%

Max Drawdown (3Y)

Largest decline over 3 years

-14.41%

-5.20%

-9.21%

Max Drawdown (5Y)

Largest decline over 5 years

-24.81%

-7.56%

-17.25%

Max Drawdown (10Y)

Largest decline over 10 years

-27.42%

—

—

Current Drawdown

Current decline from peak

-1.77%

-1.37%

-0.40%

Average Drawdown

Average peak-to-trough decline

-4.37%

-3.46%

-0.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.00%

1.43%

+1.57%

Volatility

TPE.TO vs. TUSB.TO - Volatility Comparison

TD International Equity Index ETF (TPE.TO) has a higher volatility of 3.13% compared to TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) at 1.23%. This indicates that TPE.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

TPE.TOTUSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

1.23%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

13.21%

3.37%

+9.84%

Volatility (1Y)

Calculated over the trailing 1-year period

15.34%

4.53%

+10.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

6.53%

+7.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.68%

6.72%

+7.96%

Dividends

TPE.TO vs. TUSB.TO - Dividend Comparison

TPE.TO's dividend yield for the trailing twelve months is around 2.11%, less than TUSB.TO's 4.57% yield.

PositionTTM2025202420232022202120202019201820172016
TPE.TO
TD International Equity Index ETF		2.11%2.30%2.37%2.66%2.89%2.41%2.42%2.60%2.93%2.35%2.21%
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%0.00%0.00%

Frequently Asked Questions

TPE.TO and TUSB.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TPE.TO is categorized as International Equity, while TUSB.TO is Short-Term Bond.

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