TUHY.TO vs. TBAL.TO
TUHY.TO (TD Active U.S. High Yield Bond ETF) and TBAL.TO (TD Balanced ETF Portfolio) are both exchange-traded funds - TUHY.TO is a High Yield Bonds fund actively managed by TD, while TBAL.TO is a Global Allocation fund actively managed by TD. Both are actively managed. Over the past 5 years, TUHY.TO returned 2.44%/yr vs 8.61%/yr for TBAL.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
TUHY.TO vs. TBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TUHY.TO achieves a 0.50% return, which is significantly lower than TBAL.TO's 8.36% return.
TUHY.TO
- 1D
- 0.20%
- 1M
- 0.20%
- 6M
- 0.22%
- YTD
- 0.50%
- 1Y
- 3.69%
- 3Y*
- 5.92%
- 5Y*
- 2.44%
- 10Y*
- —
TBAL.TO
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 5.95%
- YTD
- 8.36%
- 1Y
- 18.21%
- 3Y*
- 14.32%
- 5Y*
- 8.61%
- 10Y*
- —
TUHY.TO vs. TBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TUHY.TO TD Active U.S. High Yield Bond ETF | 0.50% | 6.40% | 5.72% | 9.99% | -10.86% | 4.57% | 5.49% |
TBAL.TO TD Balanced ETF Portfolio | 8.36% | 13.83% | 15.32% | 15.85% | -12.63% | 13.07% | 5.05% |
Correlation
The correlation between TUHY.TO and TBAL.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.22 |
Over the past year, TUHY.TO and TBAL.TO have become more correlated (0.43) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
TUHY.TO vs. TBAL.TO — Risk / Return Rank
TUHY.TO
TBAL.TO
TUHY.TO vs. TBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD Active U.S. High Yield Bond ETF (TUHY.TO) and TD Balanced ETF Portfolio (TBAL.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.
| TUHY.TO | TBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.06 | -1.86 |
| Martin ratioReturn relative to average drawdown | 4.67 | 12.90 | -8.23 |
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Drawdowns
TUHY.TO vs. TBAL.TO - Drawdown Comparison
The maximum TUHY.TO drawdown since its inception was -19.23%, which is greater than TBAL.TO's maximum drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for TUHY.TO and TBAL.TO.
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Drawdown Indicators
| TUHY.TO | TBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -17.34% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -5.98% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -9.07% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | -17.34% | +2.55% |
Current DrawdownCurrent decline from peak | -0.34% | -1.01% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -3.49% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.41% | -0.62% |
Volatility
TUHY.TO vs. TBAL.TO - Volatility Comparison
The current volatility for TD Active U.S. High Yield Bond ETF (TUHY.TO) is 1.45%, while TD Balanced ETF Portfolio (TBAL.TO) has a volatility of 1.81%. This indicates that TUHY.TO experiences smaller price fluctuations and is considered to be less risky than TBAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TUHY.TO | TBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 1.81% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 6.86% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.08% | 8.18% | -3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 9.16% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 8.97% | +0.73% |
Dividends
TUHY.TO vs. TBAL.TO - Dividend Comparison
TUHY.TO's dividend yield for the trailing twelve months is around 5.74%, more than TBAL.TO's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TBAL.TO TD Balanced ETF Portfolio | 2.26% | 2.56% | 2.55% | 2.65% | 2.65% | 1.75% | 0.88% | 0.00% |
TUHY.TO TD Active U.S. High Yield Bond ETF | 5.74% | 6.05% | 6.64% | 6.57% | 4.90% | 5.10% | 4.22% | 0.32% |
Frequently Asked Questions
TUHY.TO and TBAL.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TUHY.TO is categorized as High Yield Bonds, while TBAL.TO is Global Allocation.
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