TUSB.TO vs. ZSDB.TO
TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) and ZSDB.TO (BMO Short-Term Discount Bond ETF) are both Short-Term Bond funds. Both are actively managed. Over the past year, TUSB.TO returned 6.93% vs 0.48% for ZSDB.TO. At a 0.22 correlation, their price movements are largely independent.
Performance
TUSB.TO vs. ZSDB.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TUSB.TO achieves a 3.41% return, which is significantly higher than ZSDB.TO's 0.97% 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*
- —
ZSDB.TO
- 1D
- 0.13%
- 1M
- -0.02%
- 6M
- 0.91%
- YTD
- 0.97%
- 1Y
- 0.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TUSB.TO vs. ZSDB.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% | -0.15% |
ZSDB.TO BMO Short-Term Discount Bond ETF | 0.97% | 1.23% | 6.02% | 0.38% |
Correlation
The correlation between TUSB.TO and ZSDB.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 28, 2023 | 0.22 |
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. ZSDB.TO — Risk / Return Rank
TUSB.TO
ZSDB.TO
TUSB.TO vs. ZSDB.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 BMO Short-Term Discount Bond ETF (ZSDB.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 | ZSDB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.04 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.15 | +1.77 |
| Martin ratioReturn relative to average drawdown | 4.86 | 0.28 | +4.59 |
Loading charts...
Drawdowns
TUSB.TO vs. ZSDB.TO - Drawdown Comparison
The maximum TUSB.TO drawdown since its inception was -11.97%, which is greater than ZSDB.TO's maximum drawdown of -3.20%. Use the drawdown chart below to compare losses from any high point for TUSB.TO and ZSDB.TO.
Loading charts...
Drawdown Indicators
| TUSB.TO | ZSDB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -3.20% | -8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -3.20% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.56% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -1.73% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -0.66% | -2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.74% | -0.31% |
Volatility
TUSB.TO vs. ZSDB.TO - Volatility Comparison
TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) has a higher volatility of 1.23% compared to BMO Short-Term Discount Bond ETF (ZSDB.TO) at 0.50%. This indicates that TUSB.TO's price experiences larger fluctuations and is considered to be riskier than ZSDB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TUSB.TO | ZSDB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 0.50% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 1.52% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.53% | 3.28% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.53% | 2.78% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 2.78% | +3.94% |
Dividends
TUSB.TO vs. ZSDB.TO - Dividend Comparison
TUSB.TO's dividend yield for the trailing twelve months is around 4.57%, more than ZSDB.TO's 1.35% 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% |
ZSDB.TO BMO Short-Term Discount Bond ETF | 1.35% | 1.29% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TUSB.TO and ZSDB.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.
They also come from different issuers: TD and BMO.
Find the right allocation for TUSB.TO and ZSDB.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