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

TTP.TO vs. TUSB.TO

Last updated Jul 16, 2026
Documentation

TTP.TO (TD Canadian Equity Index ETF) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - TTP.TO is a Canada Equities fund tracking the Solactive Canada Broad Market Index (CA NTR), while TUSB.TO is a Short-Term Bond fund actively managed by TD. TTP.TO is passively managed, while TUSB.TO is actively managed. Over the past 5 years, TTP.TO returned 15.54%/yr vs 5.41%/yr for TUSB.TO. At a correlation of -0.11, they often move in opposite directions.

Performance

TTP.TO vs. TUSB.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 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, TTP.TO achieves a 13.02% return, which is significantly higher than TUSB.TO's 3.41% return.

TTP.TO

1D
0.25%
1M
0.60%
6M
8.83%
YTD
13.02%
1Y
34.08%
3Y*
23.94%
5Y*
15.54%
10Y*
12.82%

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)

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

2026 (YTD)20252024202320222021202020192018
TTP.TO
TD Canadian Equity Index ETF		13.02%31.96%21.65%11.66%-5.76%25.31%6.31%22.13%-3.03%
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 TTP.TO and TUSB.TO is -0.06, 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

-0.06

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

-0.11

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

-0.14

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

-0.11

Compare stocks, funds, or ETFs

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

TD Canadian Equity Index ETF

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

Often compared with TTP.TO:
TTP.TO vs. VCN.TOTTP.TO vs. TPU.TOTTP.TO vs. XIC.TOTTP.TO vs. VDY.TOTTP.TO vs. XIU.TOTTP.TO vs. XDIV.TOTTP.TO vs. VCE.TO

Return for Risk

TTP.TO vs. TUSB.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: 8989
Overall Rank
TTP.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
TTP.TO Sortino Ratio Rank: 9090
Sortino Ratio Rank
TTP.TO Omega Ratio Rank: 9090
Omega Ratio Rank
TTP.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
TTP.TO Martin Ratio Rank: 9090
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.

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

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

TTP.TOTUSB.TODifference
Sharpe ratioReturn per unit of total volatility
2.59
1.54

+1.06

Sortino ratioReturn per unit of downside risk
3.33
2.26

+1.08

Omega ratioGain probability vs. loss probability

1.46

1.28

+0.18

Calmar ratioReturn relative to maximum drawdown

3.63

1.92

+1.71

Martin ratioReturn relative to average drawdown

16.37

4.86

+11.50

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

The current TTP.TO Sharpe Ratio is 2.59, which is higher than the TUSB.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of TTP.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

TTP.TO vs. TUSB.TO - Drawdown Comparison

The maximum TTP.TO drawdown since its inception was -37.03%, 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 TTP.TO and TUSB.TO.

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Drawdown Indicators

TTP.TOTUSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-37.03%

-11.97%

-25.06%

Max Drawdown (1Y)

Largest decline over 1 year

-9.43%

-3.62%

-5.81%

Max Drawdown (3Y)

Largest decline over 3 years

-12.21%

-5.20%

-7.01%

Max Drawdown (5Y)

Largest decline over 5 years

-16.44%

-7.56%

-8.88%

Max Drawdown (10Y)

Largest decline over 10 years

-37.03%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.37%

+1.37%

Average Drawdown

Average peak-to-trough decline

-3.32%

-3.46%

+0.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

1.43%

+0.66%

Volatility

TTP.TO vs. TUSB.TO - Volatility Comparison

TD Canadian Equity Index ETF (TTP.TO) has a higher volatility of 2.17% compared to TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) at 1.23%. This indicates that TTP.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

TTP.TOTUSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.17%

1.23%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

10.70%

3.37%

+7.33%

Volatility (1Y)

Calculated over the trailing 1-year period

13.22%

4.53%

+8.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.28%

6.53%

+6.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.17%

6.72%

+8.45%

Dividends

TTP.TO vs. TUSB.TO - Dividend Comparison

TTP.TO's dividend yield for the trailing twelve months is around 1.87%, less than TUSB.TO's 4.57% yield.

PositionTTM2025202420232022202120202019201820172016
TTP.TO
TD Canadian Equity Index ETF		1.87%2.06%2.55%2.91%3.68%1.86%2.84%2.09%2.95%2.41%1.93%
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

TTP.TO and TUSB.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TTP.TO is categorized as Canada Equities, while TUSB.TO is Short-Term Bond.

Portfolio Optimizer

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