TUSB.TO vs. RQO.TO
TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and RQO.TO (RBC Target 2026 Corporate Bond Index ETF) are both exchange-traded funds - TUSB.TO is a Short-Term Bond fund actively managed by TD, while RQO.TO is a Corporate Bonds fund actively managed by RBC. Both are actively managed. Over the past 5 years, TUSB.TO returned 5.40%/yr vs 1.59%/yr for RQO.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
TUSB.TO vs. RQO.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUSB.TO achieves a 3.34% return, which is significantly higher than RQO.TO's 1.23% 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*
- —
RQO.TO
- 1D
- 0.05%
- 1M
- 0.19%
- 6M
- 1.17%
- YTD
- 1.23%
- 1Y
- 2.74%
- 3Y*
- 5.05%
- 5Y*
- 1.59%
- 10Y*
- —
TUSB.TO vs. RQO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.34% | 2.39% | 14.59% | 3.52% | 1.39% | -2.53% | 1.96% |
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 1.23% | 3.57% | 5.40% | 6.86% | -7.50% | -2.27% | 0.63% |
Correlation
The correlation between TUSB.TO and RQO.TO is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.16 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TUSB.TO vs. RQO.TO — Risk / Return Rank
TUSB.TO
RQO.TO
TUSB.TO vs. RQO.TO - 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 Target 2026 Corporate Bond Index ETF (RQO.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.
| TUSB.TO | RQO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -4.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.97 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 25.95 | -24.17 |
| Martin ratioReturn relative to average drawdown | 4.48 | 86.01 | -81.54 |
Loading charts...
Drawdowns
TUSB.TO vs. RQO.TO - Drawdown Comparison
The maximum TUSB.TO drawdown since its inception was -11.97%, smaller than the maximum RQO.TO drawdown of -12.86%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and RQO.TO.
Loading charts...
Drawdown Indicators
| TUSB.TO | RQO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -12.86% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -0.11% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -0.93% | -4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -7.56% | -11.65% | +4.09% |
Current DrawdownCurrent decline from peak | -1.43% | 0.00% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -3.72% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.03% | +1.40% |
Volatility
TUSB.TO vs. RQO.TO - Volatility Comparison
TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) has a higher volatility of 1.00% compared to RBC Target 2026 Corporate Bond Index ETF (RQO.TO) at 0.16%. This indicates that TUSB.TO's price experiences larger fluctuations and is considered to be riskier than RQO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUSB.TO | RQO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.16% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 0.48% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 0.70% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 2.98% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 2.93% | +3.78% |
Dividends
TUSB.TO vs. RQO.TO - Dividend Comparison
TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than RQO.TO's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RQO.TO RBC Target 2026 Corporate Bond Index ETF | 3.03% | 2.66% | 2.56% | 1.98% | 1.86% | 1.97% | 0.52% | 0.00% | 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 RQO.TO have a correlation of 0.10, 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 RQO.TO is Corporate Bonds. They also come from different issuers: TD and RBC.
Find the right allocation for TUSB.TO and RQO.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer