TQCD.TO vs. TUSB.TO
TQCD.TO (TD Q Canadian Dividend ETF) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - TQCD.TO is a Canada Equities 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, TQCD.TO returned 18.16%/yr vs 5.41%/yr for TUSB.TO. At a correlation of -0.10, they often move in opposite directions.
Performance
TQCD.TO vs. TUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TQCD.TO achieves a 18.51% return, which is significantly higher than TUSB.TO's 3.41% return.
TQCD.TO
- 1D
- 0.83%
- 1M
- 1.92%
- 6M
- 13.83%
- YTD
- 18.51%
- 1Y
- 38.15%
- 3Y*
- 27.23%
- 5Y*
- 18.16%
- 10Y*
- —
TUSB.TO
- 1D
- -0.21%
- 1M
- 0.48%
- 6M
- 1.98%
- YTD
- 3.41%
- 1Y
- 6.93%
- 3Y*
- 7.96%
- 5Y*
- 5.41%
- 10Y*
- —
TQCD.TO vs. TUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TQCD.TO TD Q Canadian Dividend ETF | 18.51% | 33.11% | 22.28% | 12.29% | 1.68% | 26.29% | -15.58% | 6.48% |
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% | -1.63% |
Correlation
The correlation between TQCD.TO and TUSB.TO is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | -0.10 |
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Return for Risk
TQCD.TO vs. TUSB.TO — Risk / Return Rank
TQCD.TO
TUSB.TO
TQCD.TO vs. TUSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Q Canadian Dividend ETF (TQCD.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.
| TQCD.TO | TUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +2.55 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.28 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 1.92 | +3.35 |
| Martin ratioReturn relative to average drawdown | 25.39 | 4.86 | +20.52 |
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Drawdowns
TQCD.TO vs. TUSB.TO - Drawdown Comparison
The maximum TQCD.TO drawdown since its inception was -47.52%, 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 TQCD.TO and TUSB.TO.
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Drawdown Indicators
| TQCD.TO | TUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.52% | -11.97% | -35.55% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -3.62% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -12.41% | -5.20% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.65% | -7.56% | -8.09% |
Current DrawdownCurrent decline from peak | 0.00% | -1.37% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -3.46% | -2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.43% | +0.08% |
Volatility
TQCD.TO vs. TUSB.TO - Volatility Comparison
TD Q Canadian Dividend ETF (TQCD.TO) has a higher volatility of 2.33% compared to TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) at 1.23%. This indicates that TQCD.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
| TQCD.TO | TUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 1.23% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 3.37% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 4.53% | +5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.59% | 6.53% | +6.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 6.72% | +12.97% |
Dividends
TQCD.TO vs. TUSB.TO - Dividend Comparison
TQCD.TO's dividend yield for the trailing twelve months is around 2.73%, less than TUSB.TO's 4.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TQCD.TO TD Q Canadian Dividend ETF | 2.73% | 2.95% | 3.48% | 3.73% | 4.03% | 4.09% | 6.20% | 0.38% | 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
TQCD.TO and TUSB.TO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TQCD.TO is categorized as Canada Equities, while TUSB.TO is Short-Term Bond.
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