TUHY.TO vs. TBNK.TO
TUHY.TO (TD Active U.S. High Yield Bond ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both exchange-traded funds - TUHY.TO is a High Yield Bonds fund actively managed by TD, while TBNK.TO is a Dividend fund tracking the Solactive Canadian Bank Dividend Index (CA NTR). TUHY.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, TUHY.TO returned 5.92%/yr vs 36.93%/yr for TBNK.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
TUHY.TO vs. TBNK.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 TBNK.TO's 37.19% 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*
- —
TBNK.TO
- 1D
- 1.70%
- 1M
- 9.27%
- 6M
- 36.37%
- YTD
- 37.19%
- 1Y
- 73.80%
- 3Y*
- 36.93%
- 5Y*
- —
- 10Y*
- —
TUHY.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TUHY.TO TD Active U.S. High Yield Bond ETF | 0.50% | 6.40% | 5.72% | 5.80% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 37.19% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between TUHY.TO and TBNK.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.28 |
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Return for Risk
TUHY.TO vs. TBNK.TO — Risk / Return Rank
TUHY.TO
TBNK.TO
TUHY.TO vs. TBNK.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 Canadian Bank Dividend Index ETF (TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.82 | ||
| Sortino ratioReturn per unit of downside risk | -6.36 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.99 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 8.99 | -7.79 |
| Martin ratioReturn relative to average drawdown | 4.67 | 38.88 | -34.20 |
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Drawdowns
TUHY.TO vs. TBNK.TO - Drawdown Comparison
The maximum TUHY.TO drawdown since its inception was -19.23%, which is greater than TBNK.TO's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for TUHY.TO and TBNK.TO.
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Drawdown Indicators
| TUHY.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -15.03% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -8.25% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.87% | -15.03% | +10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -14.79% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -3.87% | -2.37% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 1.90% | -1.11% |
Volatility
TUHY.TO vs. TBNK.TO - Volatility Comparison
The current volatility for TD Active U.S. High Yield Bond ETF (TUHY.TO) is 1.45%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 4.21%. This indicates that TUHY.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 4.21% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.15% | 11.70% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.08% | 13.38% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 12.90% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 12.90% | -3.20% |
Dividends
TUHY.TO vs. TBNK.TO - Dividend Comparison
TUHY.TO's dividend yield for the trailing twelve months is around 5.74%, more than TBNK.TO's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.14% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 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 TBNK.TO have a correlation of 0.32, 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 TBNK.TO is Dividend.
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