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TUSB.TO vs. FCSB.NEO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TUSB.TO vs. FCSB.NEO

Last updated Jul 18, 2026
Documentation

TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and FCSB.NEO (Fidelity Canadian Short Term Corporate Bond ETF) are both exchange-traded funds - TUSB.TO is a Short-Term Bond fund actively managed by TD, while FCSB.NEO is a Corporate Bonds fund tracking the FTSE Canada Short Term Corporate Bond 5% Capped Index. TUSB.TO is actively managed, while FCSB.NEO is passively managed. Over the past 5 years, TUSB.TO returned 5.40%/yr vs 2.93%/yr for FCSB.NEO. At a 0.08 correlation, their price movements are largely independent.

Performance

TUSB.TO vs. FCSB.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TUSB.TO achieves a 3.34% return, which is significantly higher than FCSB.NEO's 1.53% return.

TUSB.TO

1D
-0.14%
1M
-0.42%
6M
1.77%
YTD
3.34%
1Y
6.40%
3Y*
8.01%
5Y*
5.40%
10Y*
—

FCSB.NEO

1D
-0.12%
1M
0.04%
6M
1.17%
YTD
1.53%
1Y
3.94%
3Y*
5.94%
5Y*
2.93%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TUSB.TO vs. FCSB.NEO - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
TUSB.TO
TD Select U.S. Short Term Corporate Bond Ladder ETF		3.34%2.39%14.59%3.52%1.39%-2.53%3.22%-0.68%
FCSB.NEO
Fidelity Canadian Short Term Corporate Bond ETF		1.53%4.15%7.55%6.81%-4.22%-0.81%6.26%0.82%

Correlation

The correlation between TUSB.TO and FCSB.NEO is 0.01, 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

0.01

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

0.07

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

0.11

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2019

0.08

Compare stocks, funds, or ETFs

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

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

Fidelity Canadian Short Term Corporate Bond ETF

Often compared with TUSB.TO:
TUSB.TO vs. CFRN.TOTUSB.TO vs. DCS.TOTUSB.TO vs. MCSB.TOTUSB.TO vs. QSB.TOTUSB.TO vs. RBO.TOTUSB.TO vs. RUSB.TOTUSB.TO vs. ZSDB.TO
Often compared with FCSB.NEO:
FCSB.NEO vs. ZBBB.TOFCSB.NEO vs. VCB.TOFCSB.NEO vs. CBH.TOFCSB.NEO vs. DCBC.TOFCSB.NEO vs. XCBG.TOFCSB.NEO vs. ZCB.TOFCSB.NEO vs. XHB.TO

Return for Risk

TUSB.TO vs. FCSB.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TUSB.TO
TUSB.TO Risk / Return Rank: 5050
Overall Rank
TUSB.TO Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
TUSB.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
TUSB.TO Omega Ratio Rank: 5454
Omega Ratio Rank
TUSB.TO Calmar Ratio Rank: 4646
Calmar Ratio Rank
TUSB.TO Martin Ratio Rank: 3838
Martin Ratio Rank
FCSB.NEO
FCSB.NEO Risk / Return Rank: 6060
Overall Rank
FCSB.NEO Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
FCSB.NEO Sortino Ratio Rank: 5656
Sortino Ratio Rank
FCSB.NEO Omega Ratio Rank: 5555
Omega Ratio Rank
FCSB.NEO Calmar Ratio Rank: 6666
Calmar Ratio Rank
FCSB.NEO Martin Ratio Rank: 6868
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.

TUSB.TO vs. FCSB.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) and Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO). 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.

TUSB.TOFCSB.NEODifference
Sharpe ratioReturn per unit of total volatility
1.43
1.41

+0.02

Sortino ratioReturn per unit of downside risk
2.09
2.09

+0.01

Omega ratioGain probability vs. loss probability

1.26

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

1.78

2.50

-0.73

Martin ratioReturn relative to average drawdown

4.48

9.10

-4.62

TUSB.TO vs. FCSB.NEO - Sharpe Ratio Comparison

The current TUSB.TO Sharpe Ratio is 1.43, which is comparable to the FCSB.NEO Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of TUSB.TO and FCSB.NEO, 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

TUSB.TO vs. FCSB.NEO - Drawdown Comparison

The maximum TUSB.TO drawdown since its inception was -11.97%, roughly equal to the maximum FCSB.NEO drawdown of -12.48%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and FCSB.NEO.

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Drawdown Indicators

TUSB.TOFCSB.NEODifference

Max Drawdown

Largest peak-to-trough decline

-11.97%

-12.48%

+0.51%

Max Drawdown (1Y)

Largest decline over 1 year

-3.62%

-1.58%

-2.04%

Max Drawdown (3Y)

Largest decline over 3 years

-5.20%

-1.58%

-3.62%

Max Drawdown (5Y)

Largest decline over 5 years

-7.56%

-7.44%

-0.12%

Current Drawdown

Current decline from peak

-1.43%

-0.47%

-0.96%

Average Drawdown

Average peak-to-trough decline

-3.45%

-1.48%

-1.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.43%

0.43%

+1.00%

Volatility

TUSB.TO vs. FCSB.NEO - Volatility Comparison

TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) has a higher volatility of 1.00% compared to Fidelity Canadian Short Term Corporate Bond ETF (FCSB.NEO) at 0.95%. This indicates that TUSB.TO's price experiences larger fluctuations and is considered to be riskier than FCSB.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TUSB.TOFCSB.NEODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.00%

0.95%

+0.05%

Volatility (6M)

Calculated over the trailing 6-month period

3.38%

2.15%

+1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

4.53%

2.82%

+1.71%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.53%

3.32%

+3.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.71%

4.93%

+1.78%

Dividends

TUSB.TO vs. FCSB.NEO - Dividend Comparison

TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than FCSB.NEO's 3.81% yield.

PositionTTM20252024202320222021202020192018
FCSB.NEO
Fidelity Canadian Short Term Corporate Bond ETF		3.81%3.73%3.59%3.06%2.09%1.58%2.34%0.38%0.00%
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%

Frequently Asked Questions

TUSB.TO and FCSB.NEO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TUSB.TO is categorized as Short-Term Bond, while FCSB.NEO is Corporate Bonds. They also come from different issuers: TD and Fidelity.

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