TUSB.TO vs. TBNK.TO
TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and TBNK.TO (TD Canadian Bank Dividend Index ETF) are both exchange-traded funds - TUSB.TO is a Short-Term Bond fund actively managed by TD, while TBNK.TO is a Dividend fund tracking the Solactive Canadian Bank Dividend Index (CA NTR). TUSB.TO is actively managed, while TBNK.TO is passively managed. Over the past 3 years, TUSB.TO returned 7.96%/yr vs 36.93%/yr for TBNK.TO. At a correlation of -0.10, they often move in opposite directions.
Performance
TUSB.TO vs. TBNK.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUSB.TO achieves a 3.41% return, which is significantly lower than TBNK.TO's 37.19% 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*
- —
TBNK.TO
- 1D
- 1.70%
- 1M
- 9.27%
- 6M
- 36.37%
- YTD
- 37.19%
- 1Y
- 73.80%
- 3Y*
- 36.93%
- 5Y*
- —
- 10Y*
- —
TUSB.TO vs. TBNK.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.41% | 2.39% | 14.59% | 0.34% |
TBNK.TO TD Canadian Bank Dividend Index ETF | 37.19% | 44.62% | 20.33% | 7.99% |
Correlation
The correlation between TUSB.TO and TBNK.TO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | -0.10 |
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. TBNK.TO — Risk / Return Rank
TUSB.TO
TBNK.TO
TUSB.TO vs. TBNK.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 Canadian Bank Dividend Index ETF (TBNK.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 | TBNK.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.99 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 8.99 | -7.07 |
| Martin ratioReturn relative to average drawdown | 4.86 | 38.88 | -34.01 |
Loading charts...
Drawdowns
TUSB.TO vs. TBNK.TO - Drawdown Comparison
The maximum TUSB.TO drawdown since its inception was -11.97%, smaller than the maximum TBNK.TO drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and TBNK.TO.
Loading charts...
Drawdown Indicators
| TUSB.TO | TBNK.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -15.03% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -8.25% | +4.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -15.03% | +9.83% |
Max Drawdown (5Y)Largest decline over 5 years | -7.56% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | 0.00% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -2.37% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.90% | -0.47% |
Volatility
TUSB.TO vs. TBNK.TO - Volatility Comparison
The current volatility for TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) is 1.23%, while TD Canadian Bank Dividend Index ETF (TBNK.TO) has a volatility of 4.21%. This indicates that TUSB.TO experiences smaller price fluctuations and is considered to be less risky than TBNK.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUSB.TO | TBNK.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 4.21% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 11.70% | -8.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 13.38% | -8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 12.90% | -6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 12.90% | -6.18% |
Dividends
TUSB.TO vs. TBNK.TO - Dividend Comparison
TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than TBNK.TO's 2.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
TBNK.TO TD Canadian Bank Dividend Index ETF | 2.14% | 2.89% | 4.03% | 3.10% | 0.00% | 0.00% | 0.00% | 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 TBNK.TO have a correlation of -0.05, 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 TBNK.TO is Dividend.
Find the right allocation for TUSB.TO and TBNK.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