TUSB.TO vs. XCBG.TO
TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and XCBG.TO (iShares ESG Advanced Canadian Corporate Bond Index ETF) are both exchange-traded funds - TUSB.TO is a Short-Term Bond fund actively managed by TD, while XCBG.TO is a Corporate Bonds fund tracking the Morningstar Can Corp Bd GR CAD. TUSB.TO is actively managed, while XCBG.TO is passively managed. Over the past 3 years, TUSB.TO returned 8.01%/yr vs 5.88%/yr for XCBG.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
TUSB.TO vs. XCBG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TUSB.TO achieves a 3.34% return, which is significantly higher than XCBG.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*
- —
XCBG.TO
- 1D
- -0.05%
- 1M
- -0.33%
- 6M
- 0.57%
- YTD
- 1.23%
- 1Y
- 3.87%
- 3Y*
- 5.88%
- 5Y*
- —
- 10Y*
- —
TUSB.TO vs. XCBG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.34% | 2.39% | 14.59% | 3.52% | 1.39% | 1.34% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 1.23% | 4.21% | 6.79% | 7.45% | -7.40% | -1.10% |
Correlation
The correlation between TUSB.TO and XCBG.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2021 | 0.19 |
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Return for Risk
TUSB.TO vs. XCBG.TO — Risk / Return Rank
TUSB.TO
XCBG.TO
TUSB.TO vs. XCBG.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 iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.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 | XCBG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 1.92 | -0.15 |
| Martin ratioReturn relative to average drawdown | 4.48 | 6.06 | -1.58 |
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Drawdowns
TUSB.TO vs. XCBG.TO - Drawdown Comparison
The maximum TUSB.TO drawdown since its inception was -11.97%, roughly equal to the maximum XCBG.TO drawdown of -12.14%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and XCBG.TO.
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Drawdown Indicators
| TUSB.TO | XCBG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -12.14% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -2.03% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | -2.26% | -2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -7.56% | — | — |
Current DrawdownCurrent decline from peak | -1.43% | -0.71% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -3.45% | -3.47% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.64% | +0.79% |
Volatility
TUSB.TO vs. XCBG.TO - Volatility Comparison
TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) has a higher volatility of 1.00% compared to iShares ESG Advanced Canadian Corporate Bond Index ETF (XCBG.TO) at 0.81%. This indicates that TUSB.TO's price experiences larger fluctuations and is considered to be riskier than XCBG.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 | XCBG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.81% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.38% | 2.37% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 3.01% | +1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 4.19% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.71% | 4.19% | +2.52% |
Dividends
TUSB.TO vs. XCBG.TO - Dividend Comparison
TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than XCBG.TO's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
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% |
XCBG.TO iShares ESG Advanced Canadian Corporate Bond Index ETF | 3.97% | 3.84% | 3.61% | 3.19% | 2.99% | 0.87% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUSB.TO and XCBG.TO have a correlation of 0.19, 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 XCBG.TO is Corporate Bonds. They also come from different issuers: TD and iShares.
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