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VCB.TO vs. TUSB.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VCB.TO vs. TUSB.TO

Last updated Jul 16, 2026
Documentation

VCB.TO (Vanguard Canadian Corporate Bond Index ETF) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both exchange-traded funds - VCB.TO is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Canadian Corporate Float Adjusted Bond Index, while TUSB.TO is a Short-Term Bond fund actively managed by TD. VCB.TO is passively managed, while TUSB.TO is actively managed. Over the past 5 years, VCB.TO returned 2.12%/yr vs 5.41%/yr for TUSB.TO. At a 0.15 correlation, their price movements are largely independent.

Performance

VCB.TO vs. TUSB.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard Canadian Corporate Bond Index ETF (VCB.TO) and TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VCB.TO achieves a 1.27% return, which is significantly lower than TUSB.TO's 3.41% return.

VCB.TO

1D
0.12%
1M
-0.39%
6M
0.73%
YTD
1.27%
1Y
4.47%
3Y*
6.01%
5Y*
2.12%
10Y*
—

TUSB.TO

1D
-0.21%
1M
0.48%
6M
1.98%
YTD
3.41%
1Y
6.93%
3Y*
7.96%
5Y*
5.41%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VCB.TO vs. TUSB.TO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
VCB.TO
Vanguard Canadian Corporate Bond Index ETF		1.27%4.46%6.63%7.98%-8.96%-1.55%8.33%4.76%2.35%
TUSB.TO
TD Select U.S. Short Term Corporate Bond Ladder ETF		3.41%2.39%14.59%3.52%1.39%-2.53%3.22%1.54%3.47%

Correlation

The correlation between VCB.TO and TUSB.TO is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.20

Correlation (5Y)
Calculated over the trailing 5-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2018

0.15

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Canadian Corporate Bond Index ETF

TD Select U.S. Short Term Corporate Bond Ladder ETF

Often compared with VCB.TO:
VCB.TO vs. XCB.TOVCB.TO vs. ZMMK.TOVCB.TO vs. VAB.TOVCB.TO vs. ZAG.TOVCB.TO vs. ZCS.TOVCB.TO vs. BND.TOVCB.TO vs. VTIP

Return for Risk

VCB.TO vs. TUSB.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VCB.TO
VCB.TO Risk / Return Rank: 4343
Overall Rank
VCB.TO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VCB.TO Sortino Ratio Rank: 4141
Sortino Ratio Rank
VCB.TO Omega Ratio Rank: 4444
Omega Ratio Rank
VCB.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
VCB.TO Martin Ratio Rank: 4444
Martin Ratio Rank
TUSB.TO
TUSB.TO Risk / Return Rank: 5050
Overall Rank
TUSB.TO Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
TUSB.TO Sortino Ratio Rank: 5858
Sortino Ratio Rank
TUSB.TO Omega Ratio Rank: 5555
Omega Ratio Rank
TUSB.TO Calmar Ratio Rank: 4545
Calmar Ratio Rank
TUSB.TO Martin Ratio Rank: 3838
Martin Ratio Rank
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.

VCB.TO vs. TUSB.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Canadian Corporate Bond Index ETF (VCB.TO) and TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.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.

VCB.TOTUSB.TODifference
Sharpe ratioReturn per unit of total volatility
1.28
1.54

-0.25

Sortino ratioReturn per unit of downside risk
1.79
2.26

-0.47

Omega ratioGain probability vs. loss probability

1.24

1.28

-0.04

Calmar ratioReturn relative to maximum drawdown

1.83

1.92

-0.09

Martin ratioReturn relative to average drawdown

5.89

4.86

+1.02

VCB.TO vs. TUSB.TO - Sharpe Ratio Comparison

The current VCB.TO Sharpe Ratio is 1.28, which is comparable to the TUSB.TO Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of VCB.TO and TUSB.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VCB.TO vs. TUSB.TO - Drawdown Comparison

The maximum VCB.TO drawdown since its inception was -14.00%, which is greater than TUSB.TO's maximum drawdown of -11.97%. Use the drawdown chart below to compare losses from any high point for VCB.TO and TUSB.TO.

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Drawdown Indicators

VCB.TOTUSB.TODifference

Max Drawdown

Largest peak-to-trough decline

-14.00%

-11.97%

-2.03%

Max Drawdown (1Y)

Largest decline over 1 year

-2.45%

-3.62%

+1.17%

Max Drawdown (3Y)

Largest decline over 3 years

-3.21%

-5.20%

+1.99%

Max Drawdown (5Y)

Largest decline over 5 years

-13.17%

-7.56%

-5.61%

Current Drawdown

Current decline from peak

-0.67%

-1.37%

+0.70%

Average Drawdown

Average peak-to-trough decline

-3.04%

-3.46%

+0.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

1.43%

-0.67%

Volatility

VCB.TO vs. TUSB.TO - Volatility Comparison

Vanguard Canadian Corporate Bond Index ETF (VCB.TO) and TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) have volatilities of 1.19% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VCB.TOTUSB.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

1.19%

1.23%

-0.04%

Volatility (6M)

Calculated over the trailing 6-month period

2.79%

3.37%

-0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

3.52%

4.53%

-1.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.91%

6.53%

-1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.61%

6.72%

+2.89%

Dividends

VCB.TO vs. TUSB.TO - Dividend Comparison

VCB.TO's dividend yield for the trailing twelve months is around 3.91%, less than TUSB.TO's 4.57% yield.

PositionTTM202520242023202220212020201920182017
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%0.00%
VCB.TO
Vanguard Canadian Corporate Bond Index ETF		3.91%3.88%3.74%3.41%3.21%2.69%2.75%2.86%2.86%2.51%

Frequently Asked Questions

VCB.TO and TUSB.TO have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VCB.TO is categorized as Corporate Bonds, while TUSB.TO is Short-Term Bond. They also come from different issuers: Vanguard and TD.

Portfolio Optimizer

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