TUSB.TO vs. TSTX-U.TO

Last updated Jul 16, 2026

TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) are both Short-Term Bond funds. TUSB.TO is actively managed, while TSTX-U.TO is passively managed. At a 0.14 correlation, their price movements are largely independent.

Performance

TUSB.TO vs. TSTX-U.TO - 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 Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUSB.TO achieves a 3.41% return, which is significantly higher than TSTX-U.TO's 0.46% 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*: —

TSTX-U.TO

• 1D: 0.26%
• 1M: 0.17%
• 6M: 0.68%
• YTD: 0.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TUSB.TO vs. TSTX-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF	3.41%	-0.43%
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	0.46%	1.22%

Correlation

The correlation between TUSB.TO and TSTX-U.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.14

Return for Risk

TUSB.TO vs. TSTX-U.TO — 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: 50
TUSB.TO Sharpe Ratio Rank: 55
TUSB.TO Sortino Ratio Rank: 58
TUSB.TO Omega Ratio Rank: 55
TUSB.TO Calmar Ratio Rank: 45
TUSB.TO Martin Ratio Rank: 38

TSTX-U.TO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. TSTX-U.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 Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.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	TSTX-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.26	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.92	—	—
Martin ratio: Return relative to average drawdown	4.86	—	—

Drawdowns

TUSB.TO vs. TSTX-U.TO - Drawdown Comparison

The maximum TUSB.TO drawdown since its inception was -11.97%, which is greater than TSTX-U.TO's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and TSTX-U.TO.

Drawdown Indicators

	TUSB.TO	TSTX-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-11.97%	-0.90%	-11.07%
Max Drawdown (1Y) Largest decline over 1 year	-3.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-7.56%	—	—
Current Drawdown Current decline from peak	-1.37%	-0.12%	-1.25%
Average Drawdown Average peak-to-trough decline	-3.46%	-0.27%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.43%	—	—

Volatility

Volatility by Period

	TUSB.TO	TSTX-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.53%	1.69%	+2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.53%	1.69%	+4.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.72%	1.69%	+5.03%

Dividends

TUSB.TO vs. TSTX-U.TO - Dividend Comparison

TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than TSTX-U.TO's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	2.66%	0.84%	0.00%	0.00%	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

Can I hold both TUSB.TO and TSTX-U.TO in my portfolio?

TUSB.TO and TSTX-U.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between TUSB.TO and TSTX-U.TO?

They also come from different issuers: TD and Global X.