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TD Balanced ETF Portfolio (TBAL.TO) ETF Analysis

TBAL.TO

Expense ratio 0.17% Yield 2.2% Assets CA$392.97M Since August 11, 2020 Family TD Asset Management Inc

Last Updated: October 21, 2026

CA$22.61

+CA$0.05 (+0.22%)

October 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TBAL.TO Annualized Returns

With dividends reinvested · as of October 21, 2026

Period	Total return	Annualized	CA$100 becomes	CA$300 becomes
1 year	+10.10%	+10.10%	CA$110.10	CA$330.29
3 years	+56.95%	+16.21%	CA$156.95	CA$470.85
5 years	+51.37%	+8.64%	CA$151.37	CA$454.10
Since August 18, 2020	+73.13%	+9.30%	CA$173.13	CA$519.40

Returns are total returns computed from daily closes, with dividends reinvested. As of October 21, 2026.

TBAL.TO Return by Calendar Year

2020 and 2026 are partial years

−12.64%+15.99%+9.13%

2020*202120222023202420252026*

View as table ↓View as chart ↑

Year	Return
2026 (partial year)	+9.13%
2025	+13.83%
2024	+15.99%
2023	+15.83%
2022	−12.64%
2021	+13.05%
2020 (partial year)	+5.04%

TBAL.TO Monthly Returns

−6%+6%

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	+1.1	+2.8	−3.5	+3.3	+3.3	+1.3	−0.7	+2.0	−1.5	+0.7	—	—
2025	+2.7	+0.0	−1.5	−1.5	+3.1	+2.0	+1.0	+1.9	+3.6	+1.6	+1.0	−0.7
2024	+0.7	+2.4	+2.3	−2.0	+2.2	+1.4	+3.2	+0.2	+2.3	+0.2	+3.7	−1.5
2023	+5.2	−0.9	+2.6	+1.2	−0.9	+1.1	+2.7	−0.5	−3.2	−0.7	+5.8	+2.8
2022	−3.7	−2.0	+1.3	−4.1	−2.3	−5.6	+4.8	−1.3	−3.7	+2.7	+3.5	−2.6
2021	−0.5	+0.6	+1.3	+1.1	+1.0	+2.5	+1.8	+2.4	−2.7	+1.7	+1.0	+2.2
2020	—	—	—	—	—	—	—	—	−1.0	−1.8	+5.7	+1.7

Monthly total returns with dividends reinvested; each cell prints its signed value.

TBAL.TO Volatility & Risk

Volatility: 6 yrs · Beta: 3 yrs

Annualized volatility: 8.99%
Beta (3y): 1.14
Best year: +15.99%
Worst year: −12.64%

Volatility is the annualized standard deviation of daily returns. As of October 21, 2026.

Top Holdings

#	Symbol	Name	Weight
1	TDB.TO	TD Canadian Aggregate Bond Index ETF	39.79%
2	TPU.TO	TD U.S. Equity Index ETF	25.61%
3	TTP.TO	TD Canadian Equity Index ETF	19.54%
4	TPE.TO	TD International Equity Index ETF	14.9%

Analysis

Data-derived

Fund Overview

TD Balanced ETF Portfolio (TBAL.TO) is an exchange-traded fund. The fund is issued by TD Asset Management Inc. The inception date on file is August 11, 2020. The fund holds CA$392.97M in total net assets. Annual costs run at an expense ratio of 0.17%. On a CA$10,000 position that is CA$17.00 a year.

Its biggest positions are TD Canadian Aggregate Bond Index ETF (TDB.TO), TD U.S. Equity Index ETF (TPU.TO), and TD Canadian Equity Index ETF (TTP.TO). TD Canadian Aggregate Bond Index ETF alone accounts for 39.79% of the portfolio.

Performance Analysis

The most recent close on file for TBAL.TO is CA$22.61, dated October 21, 2026. Over the trailing twelve months the total return is +10.10%. Measured over 5 years, that is +8.64% a year compounded. The trailing distribution yield is 2.2%.

Across the complete calendar years on file, 2024 returned +15.99% and 2022 returned −12.64%. Of the 5 complete calendar years on file, 4 finished higher. So far in 2026 the total return is +9.13%.

Price & Risk Profile

Daily returns over the trailing 6 years annualize to a volatility of 8.99%. Beta against the wider market is reported at 1.14. The 52-week range on file runs from CA$20.50 to CA$22.98. The latest close sits 10.29% above that 52-week low. The volatility figure is calculated from the stored daily closes, the same series the charts on this page use.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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