TUSB.TO vs. RCDB.NEO
TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and RCDB.NEO (RBC Canadian Discount Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past 5 years, TUSB.TO returned 5.41%/yr vs 2.27%/yr for RCDB.NEO. At a 0.15 correlation, their price movements are largely independent.
Performance
TUSB.TO vs. RCDB.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, TUSB.TO achieves a 3.41% return, which is significantly higher than RCDB.NEO's 1.36% return.
TUSB.TO
- 1D
- -0.21%
- 1M
- 0.48%
- 6M
- 1.98%
- YTD
- 3.41%
- 1Y
- 6.93%
- 3Y*
- 7.96%
- 5Y*
- 5.41%
- 10Y*
- —
RCDB.NEO
- 1D
- 0.09%
- 1M
- 0.02%
- 6M
- 1.03%
- YTD
- 1.36%
- 1Y
- 3.56%
- 3Y*
- 5.00%
- 5Y*
- 2.27%
- 10Y*
- —
TUSB.TO vs. RCDB.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | -0.55% |
RCDB.NEO RBC Canadian Discount Bond ETF | 1.36% | 3.75% | 5.58% | 5.68% | -4.07% | -0.68% | 5.61% | 0.58% |
Correlation
The correlation between TUSB.TO and RCDB.NEO is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2019 | 0.15 |
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Return for Risk
TUSB.TO vs. RCDB.NEO — Risk / Return Rank
TUSB.TO
RCDB.NEO
TUSB.TO vs. RCDB.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 RBC Canadian Discount Bond ETF (RCDB.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.TO | RCDB.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.29 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.25 | -0.33 |
| Martin ratioReturn relative to average drawdown | 4.86 | 7.88 | -3.01 |
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Drawdowns
TUSB.TO vs. RCDB.NEO - Drawdown Comparison
The maximum TUSB.TO drawdown since its inception was -11.97%, which is greater than RCDB.NEO's maximum drawdown of -8.31%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and RCDB.NEO.
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Drawdown Indicators
| TUSB.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -8.31% | -3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -1.59% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -1.59% | -3.61% |
Max Drawdown (5Y)Largest decline over 5 years | -7.56% | -6.90% | -0.66% |
Current DrawdownCurrent decline from peak | -1.37% | -0.19% | -1.18% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -1.39% | -2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.45% | +0.98% |
Volatility
TUSB.TO vs. RCDB.NEO - Volatility Comparison
TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) has a higher volatility of 1.23% compared to RBC Canadian Discount Bond ETF (RCDB.NEO) at 0.63%. This indicates that TUSB.TO's price experiences larger fluctuations and is considered to be riskier than RCDB.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.TO | RCDB.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.63% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 1.69% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 2.31% | +2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 2.84% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 5.44% | +1.28% |
Dividends
TUSB.TO vs. RCDB.NEO - Dividend Comparison
TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than RCDB.NEO's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RCDB.NEO RBC Canadian Discount Bond ETF | 2.17% | 1.96% | 1.58% | 1.22% | 1.16% | 1.33% | 1.68% | 0.78% | 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 RCDB.NEO have a correlation of 0.15, 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 RBC.
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