TUSB.TO vs. TBAL.TO
TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and TBAL.TO (TD Balanced ETF Portfolio) are both exchange-traded funds - TUSB.TO is a Short-Term Bond fund actively managed by TD, while TBAL.TO is a Global Allocation fund actively managed by TD. Both are actively managed. Over the past 5 years, TUSB.TO returned 5.41%/yr vs 8.61%/yr for TBAL.TO. At a 0.04 correlation, their price movements are largely independent.
Performance
TUSB.TO vs. TBAL.TO - 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 lower than TBAL.TO's 8.36% 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*
- —
TBAL.TO
- 1D
- 0.13%
- 1M
- 0.13%
- 6M
- 5.95%
- YTD
- 8.36%
- 1Y
- 18.21%
- 3Y*
- 14.32%
- 5Y*
- 8.61%
- 10Y*
- —
TUSB.TO vs. TBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.41% | 2.39% | 14.59% | 3.52% | 1.39% | -2.53% | 1.56% |
TBAL.TO TD Balanced ETF Portfolio | 8.36% | 13.83% | 15.32% | 15.85% | -12.63% | 13.07% | 5.05% |
Correlation
The correlation between TUSB.TO and TBAL.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 | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2020 | 0.04 |
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Return for Risk
TUSB.TO vs. TBAL.TO — Risk / Return Rank
TUSB.TO
TBAL.TO
TUSB.TO vs. TBAL.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 TD Balanced ETF Portfolio (TBAL.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 | TBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.06 | -1.13 |
| Martin ratioReturn relative to average drawdown | 4.86 | 12.90 | -8.04 |
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Drawdowns
TUSB.TO vs. TBAL.TO - Drawdown Comparison
The maximum TUSB.TO drawdown since its inception was -11.97%, smaller than the maximum TBAL.TO drawdown of -17.34%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and TBAL.TO.
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Drawdown Indicators
| TUSB.TO | TBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -17.34% | +5.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -5.98% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -9.07% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -7.56% | -17.34% | +9.78% |
Current DrawdownCurrent decline from peak | -1.37% | -1.01% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.49% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.41% | +0.02% |
Volatility
TUSB.TO vs. TBAL.TO - Volatility Comparison
The current volatility for TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) is 1.23%, while TD Balanced ETF Portfolio (TBAL.TO) has a volatility of 1.81%. This indicates that TUSB.TO experiences smaller price fluctuations and is considered to be less risky than TBAL.TO 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 | TBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.81% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 6.86% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 8.18% | -3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 9.16% | -2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 8.97% | -2.25% |
Dividends
TUSB.TO vs. TBAL.TO - Dividend Comparison
TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than TBAL.TO's 2.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TBAL.TO TD Balanced ETF Portfolio | 2.26% | 2.56% | 2.55% | 2.65% | 2.65% | 1.75% | 0.88% | 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 TBAL.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 TBAL.TO is Global Allocation.
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