XSH.TO vs. TUSB.TO
XSH.TO (iShares Core Canadian Short Term Corporate Bond Index ETF) and TUSB.TO (TD Select U.S. Short Term Corporate Bond Ladder ETF) are both Short-Term Bond funds. XSH.TO is passively managed, while TUSB.TO is actively managed. Over the past 5 years, XSH.TO returned 2.84%/yr vs 5.41%/yr for TUSB.TO. Their 0.16 correlation means their historical movements had little consistent relationship. XSH.TO charges 0.10%/yr vs 0.28%/yr for TUSB.TO.
Performance
XSH.TO vs. TUSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XSH.TO achieves a 1.42% return, which is significantly lower than TUSB.TO's 3.13% return.
XSH.TO
- 1D
- -0.11%
- 1M
- -0.19%
- 6M
- 0.83%
- YTD
- 1.42%
- 1Y
- 3.11%
- 3Y*
- 6.10%
- 5Y*
- 2.84%
- 10Y*
- 2.79%
- ALL TIME*
- 2.84%
TUSB.TO
- 1D
- 0.07%
- 1M
- -1.57%
- 6M
- 2.98%
- YTD
- 3.13%
- 1Y
- 5.07%
- 3Y*
- 7.62%
- 5Y*
- 5.41%
- 10Y*
- —
- ALL TIME*
- 3.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$130.32K | CA$134.28K | CA$141.27K | |
| CA$1.66M | CA$1.41M | CA$1.29M |
XSH.TO vs. TUSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 1.42% | 4.61% | 7.11% | 6.80% | -4.52% | -0.81% | 6.28% | 5.02% | 0.79% |
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 3.13% | 2.39% | 14.59% | 3.52% | 1.39% | -2.53% | 3.22% | 1.54% | 3.47% |
Correlation
The correlation between XSH.TO and TUSB.TO is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018 | 0.16 |
The correlation between XSH.TO and TUSB.TO shifts across timeframes, from 0.12 (1 year) to 0.22 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
XSH.TO vs. TUSB.TO — Risk / Return Rank
XSH.TO
TUSB.TO
XSH.TO vs. TUSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.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.
| XSH.TO | TUSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 1.43 | +0.79 |
| Martin ratioReturn relative to average drawdown | 8.67 | 3.54 | +5.12 |
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Drawdowns
XSH.TO vs. TUSB.TO - Drawdown Comparison
The maximum XSH.TO drawdown since its inception was -14.24%, 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 XSH.TO and TUSB.TO.
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Drawdown Indicators
| XSH.TO | TUSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -11.97% | -2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -1.51% | -3.62% | +2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -1.51% | -5.20% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -7.80% | -7.56% | -0.24% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.64% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -3.44% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 1.45% | -1.07% |
Volatility
XSH.TO vs. TUSB.TO - Volatility Comparison
The current volatility for iShares Core Canadian Short Term Corporate Bond Index ETF (XSH.TO) is 0.59%, while TD Select U.S. Short Term Corporate Bond Ladder ETF (TUSB.TO) has a volatility of 1.08%. This indicates that XSH.TO experiences smaller price fluctuations and is considered to be less risky than TUSB.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSH.TO | TUSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.08% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 3.04% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 4.49% | -2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.85% | 6.49% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.42% | 6.71% | -2.29% |
XSH.TO vs. TUSB.TO - Expense Ratio Comparison
XSH.TO has a 0.10% expense ratio, which is lower than TUSB.TO's 0.28% expense ratio.
Dividends
XSH.TO vs. TUSB.TO - Dividend Comparison
XSH.TO's dividend yield for the trailing twelve months is around 3.94%, less than TUSB.TO's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TUSB.TO TD Select U.S. Short Term Corporate Bond Ladder ETF | 4.53% | 5.05% | 4.92% | 5.35% | 3.54% | 3.43% | 5.07% | 4.48% | 0.55% | 0.00% | 0.00% | 0.00% |
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF | 3.94% | 3.82% | 3.64% | 3.24% | 2.97% | 2.65% | 2.61% | 2.80% | 2.86% | 2.93% | 3.08% | 3.18% |
Frequently Asked Questions
XSH.TO and TUSB.TO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XSH.TO is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XSH.TO is cheaper with a 0.10% expense ratio, compared with 0.28% for TUSB.TO.
They also come from different issuers: iShares and TD. Their fees differ too: 0.10% for XSH.TO and 0.28% for TUSB.TO.
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