TULB.TO vs. BXF.TO
TULB.TO (TD U.S. Long Term Treasury Bond ETF) and BXF.TO (CI 1-5 Year Laddered Government Strip Bond Index ETF) are both Government Bonds funds. Over the past 5 years, TULB.TO returned -4.35%/yr vs 1.82%/yr for BXF.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
TULB.TO vs. BXF.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TULB.TO achieves a 1.32% return, which is significantly higher than BXF.TO's 0.95% return.
TULB.TO
- 1D
- 0.01%
- 1M
- -0.69%
- 6M
- -1.01%
- YTD
- 1.32%
- 1Y
- 6.29%
- 3Y*
- 0.37%
- 5Y*
- -4.35%
- 10Y*
- —
BXF.TO
- 1D
- 0.00%
- 1M
- -0.41%
- 6M
- 0.65%
- YTD
- 0.95%
- 1Y
- 3.41%
- 3Y*
- 4.42%
- 5Y*
- 1.82%
- 10Y*
- 1.81%
TULB.TO vs. BXF.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TULB.TO TD U.S. Long Term Treasury Bond ETF | 1.32% | 0.01% | -0.66% | 0.23% | -20.71% | -5.23% | 10.77% | -2.51% |
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 0.95% | 3.86% | 4.51% | 4.55% | -3.73% | -0.83% | 5.07% | -0.45% |
Correlation
The correlation between TULB.TO and BXF.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2019 | 0.25 |
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Return for Risk
TULB.TO vs. BXF.TO — Risk / Return Rank
TULB.TO
BXF.TO
TULB.TO vs. BXF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Long Term Treasury Bond ETF (TULB.TO) and CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.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.
| TULB.TO | BXF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 2.20 | -1.46 |
| Martin ratioReturn relative to average drawdown | 1.58 | 6.97 | -5.39 |
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Drawdowns
TULB.TO vs. BXF.TO - Drawdown Comparison
The maximum TULB.TO drawdown since its inception was -44.56%, which is greater than BXF.TO's maximum drawdown of -6.99%. Use the drawdown chart below to compare losses from any high point for TULB.TO and BXF.TO.
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Drawdown Indicators
| TULB.TO | BXF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -6.99% | -37.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -1.55% | -6.96% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -1.74% | -11.43% |
Max Drawdown (5Y)Largest decline over 5 years | -34.06% | -6.92% | -27.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.99% | — |
Current DrawdownCurrent decline from peak | -35.90% | -0.59% | -35.31% |
Average DrawdownAverage peak-to-trough decline | -30.44% | -1.16% | -29.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 0.49% | +3.51% |
Volatility
TULB.TO vs. BXF.TO - Volatility Comparison
TD U.S. Long Term Treasury Bond ETF (TULB.TO) has a higher volatility of 2.78% compared to CI 1-5 Year Laddered Government Strip Bond Index ETF (BXF.TO) at 1.01%. This indicates that TULB.TO's price experiences larger fluctuations and is considered to be riskier than BXF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TULB.TO | BXF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 1.01% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 2.38% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.35% | 3.08% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 3.57% | +12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 3.62% | +13.15% |
Dividends
TULB.TO vs. BXF.TO - Dividend Comparison
TULB.TO's dividend yield for the trailing twelve months is around 4.61%, more than BXF.TO's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BXF.TO CI 1-5 Year Laddered Government Strip Bond Index ETF | 2.98% | 2.91% | 3.29% | 2.58% | 1.58% | 1.38% | 1.67% | 1.75% | 1.55% | 1.17% | 1.19% | 1.24% |
TULB.TO TD U.S. Long Term Treasury Bond ETF | 4.61% | 4.54% | 1.99% | 3.37% | 1.04% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TULB.TO and BXF.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and CI.
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