TTP.TO vs. NA-PC.TO

Last updated Jun 4, 2026

TTP.TO (TD Canadian Equity Index ETF) is Canada Equities fund tracking the Solactive Canada Broad Market Index, while NA-PC.TO (National Bank of Canada) is a stock. Over the past 5 years, TTP.TO returned 14.98%/yr vs 6.64%/yr for NA-PC.TO. At a 0.18 correlation, their price movements are largely independent.

Performance

TTP.TO vs. NA-PC.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Canadian Equity Index ETF (TTP.TO) and National Bank of Canada (NA-PC.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTP.TO achieves a 10.77% return, which is significantly higher than NA-PC.TO's 0.57% return.

TTP.TO

• 1D: -1.04%
• 1M: 3.62%
• YTD: 10.77%
• 6M: 13.11%
• 1Y: 34.96%
• 3Y*: 23.56%
• 5Y*: 14.98%
• 10Y*: 12.63%

NA-PC.TO

• 1D: 0.00%
• 1M: -0.80%
• YTD: 0.57%
• 6M: 1.17%
• 1Y: 5.32%
• 3Y*: 8.21%
• 5Y*: 6.64%
• 10Y*: —

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

TTP.TO vs. NA-PC.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TTP.TO TD Canadian Equity Index ETF	10.77%	31.96%	20.92%	11.66%	-5.76%	25.31%	6.32%	22.15%	-9.16%	7.19%
NA-PC.TO National Bank of Canada	0.57%	7.85%	10.72%	7.69%	4.16%	7.60%	22.43%	2.59%	-10.38%	5.62%

Correlation

The correlation between TTP.TO and NA-PC.TO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 14, 2017	0.18

The correlation between TTP.TO and NA-PC.TO shifts across timeframes, from 0.08 (1 year) to 0.20 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TTP.TO vs. NA-PC.TO — Risk / Return Rank

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

TTP.TO

TTP.TO Risk / Return Rank: 80
TTP.TO Sharpe Ratio Rank: 83
TTP.TO Sortino Ratio Rank: 78
TTP.TO Omega Ratio Rank: 82
TTP.TO Calmar Ratio Rank: 73
TTP.TO Martin Ratio Rank: 83

NA-PC.TO

NA-PC.TO Risk / Return Rank: 68
NA-PC.TO Sharpe Ratio Rank: 68
NA-PC.TO Sortino Ratio Rank: 61
NA-PC.TO Omega Ratio Rank: 60
NA-PC.TO Calmar Ratio Rank: 75
NA-PC.TO Martin Ratio Rank: 75

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.

TTP.TO vs. NA-PC.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Canadian Equity Index ETF (TTP.TO) and National Bank of Canada (NA-PC.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.

	TTP.TO	NA-PC.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.76	0.85	+1.90
Sortino ratio: Return per unit of downside risk	3.55	1.28	+2.27
Omega ratio: Gain probability vs. loss probability	1.50	1.16	+0.34
Calmar ratio: Return relative to maximum drawdown	3.72	2.05	+1.67
Martin ratio: Return relative to average drawdown	17.19	4.75	+12.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TTP.TO vs. NA-PC.TO - Sharpe Ratio Comparison

The current TTP.TO Sharpe Ratio is 2.76, which is higher than the NA-PC.TO Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of TTP.TO and NA-PC.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.

Sharpe Ratios by Period

	TTP.TO	NA-PC.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	0.85	+1.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.14	0.97	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.52	+0.37

Drawdowns

TTP.TO vs. NA-PC.TO - Drawdown Comparison

The maximum TTP.TO drawdown since its inception was -37.03%, smaller than the maximum NA-PC.TO drawdown of -46.51%. Use the drawdown chart below to compare losses from any high point for TTP.TO and NA-PC.TO.

Drawdown Indicators

	TTP.TO	NA-PC.TO	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-46.51%	+9.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.43%	-2.60%	-6.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.21%	-5.16%	-7.05%
Max Drawdown (5Y) Largest decline over 5 years	-16.44%	-5.16%	-11.28%
Max Drawdown (10Y) Largest decline over 10 years	-37.03%	—	—
Current Drawdown Current decline from peak	-1.04%	-1.36%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.34%	-3.40%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.12%	+0.92%

Volatility

TTP.TO vs. NA-PC.TO - Volatility Comparison

TD Canadian Equity Index ETF (TTP.TO) has a higher volatility of 3.40% compared to National Bank of Canada (NA-PC.TO) at 2.08%. This indicates that TTP.TO's price experiences larger fluctuations and is considered to be riskier than NA-PC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TTP.TO	NA-PC.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	2.08%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	4.52%	+5.85%
Volatility (1Y) Calculated over the trailing 1-year period	12.74%	6.24%	+6.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	6.90%	+6.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.85%	12.18%	+2.67%

Dividends

TTP.TO vs. NA-PC.TO - Dividend Comparison

TTP.TO's dividend yield for the trailing twelve months is around 1.88%, less than NA-PC.TO's 6.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NA-PC.TO National Bank of Canada	6.72%	6.54%	6.60%	6.82%	4.34%	4.32%	4.45%	5.15%	5.02%	1.83%	0.00%
TTP.TO TD Canadian Equity Index ETF	1.88%	2.06%	2.56%	2.91%	3.68%	1.86%	2.84%	2.09%	2.89%	2.32%	1.85%

Frequently Asked Questions

Can I hold both TTP.TO and NA-PC.TO in my portfolio?

TTP.TO and NA-PC.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.