TSTX-U.TO vs. TCSB.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO).

TSTX-U.TO and TCSB.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TSTX-U.TO is a passively managed fund by Global X that tracks the performance of the ICE U.S. Treasury 1-3 Year Bond Index. It was launched on Oct 7, 2025. TCSB.TO is an actively managed fund by TD. It was launched on Nov 8, 2018.

Performance

TSTX-U.TO vs. TCSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and TD Select Short Term Corporate Bond Ladder ETF (TCSB.TO). The values are adjusted to include any dividend payments, if applicable.

TSTX-U.TO vs. TCSB.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	-0.24%	1.20%
TCSB.TO TD Select Short Term Corporate Bond Ladder ETF	0.10%	0.59%

Returns By Period

In the year-to-date period, TSTX-U.TO achieves a -0.24% return, which is significantly lower than TCSB.TO's 0.10% return.

TSTX-U.TO

• 1D: -0.20%
• 1M: -0.82%
• YTD: -0.24%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCSB.TO

• 1D: 0.20%
• 1M: -0.90%
• YTD: 0.10%
• 6M: 0.69%
• 1Y: 3.58%
• 3Y*: 5.48%
• 5Y*: 2.84%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSTX-U.TO vs. TCSB.TO - Expense Ratio Comparison

TSTX-U.TO has a 0.15% expense ratio, which is lower than TCSB.TO's 0.28% expense ratio.

TCSB.TO

TD Select Short Term Corporate Bond Ladder ETF

TSTX-U.TO

Global X 1-3 Year U.S. Treasury Bond Index ETF

Return for Risk

TSTX-U.TO vs. TCSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCSB.TO

TCSB.TO Risk / Return Rank: 82
TCSB.TO Sharpe Ratio Rank: 82
TCSB.TO Sortino Ratio Rank: 85
TCSB.TO Omega Ratio Rank: 80
TCSB.TO Calmar Ratio Rank: 78
TCSB.TO Martin Ratio Rank: 84

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.

TSTX-U.TO vs. TCSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and TD Select Short Term Corporate Bond Ladder ETF (TCSB.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSTX-U.TO	TCSB.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.60	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.57	+0.68

Correlation

The correlation between TSTX-U.TO and TCSB.TO is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TSTX-U.TO vs. TCSB.TO - Dividend Comparison

TSTX-U.TO's dividend yield for the trailing twelve months is around 1.41%, less than TCSB.TO's 3.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	1.41%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TCSB.TO TD Select Short Term Corporate Bond Ladder ETF	3.68%	3.65%	4.89%	4.97%	2.72%	2.37%	3.84%	3.00%	0.06%

Drawdowns

TSTX-U.TO vs. TCSB.TO - Drawdown Comparison

The maximum TSTX-U.TO drawdown since its inception was -0.90%, smaller than the maximum TCSB.TO drawdown of -14.90%. Use the drawdown chart below to compare losses from any high point for TSTX-U.TO and TCSB.TO.

Drawdown Indicators

	TSTX-U.TO	TCSB.TO	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-14.90%	+14.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-7.22%	—
Current Drawdown Current decline from peak	-0.82%	-0.94%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.19%	-1.34%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.36%	—

Volatility

Volatility by Period

	TSTX-U.TO	TCSB.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.64%	2.24%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.64%	2.93%	-1.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.64%	6.00%	-4.36%