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Compare TD Target 2028 Investment Grade Bond ETF (TBCH) vs Vanguard Canadian Corporate Bond Index ETF (VCB) to find the best fit for your portfolio. TBCH provides Finance, Telecommunications, and Utilities exposures, while VCB is primarily weighted in Finance, Energy, and Utilities. When evaluating costs, TBCH features a management fee (MER) of 0.2%, compared to 0.15% for VCB. Performance-wise, TBCH has returned 0.94% year-to-date with +$50 M in net flows, whereas VCB is at 0.23% with +$351 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TBCH
VCB
| AuM | $112.42 M | $864.58 M |
| Management Fees | 0.20% | 0.15% |
| Exp. ratio | 0.22% | 0.17% |
| Tracking Difference | - | -0.22% |
Historical performance and flows
As of September 14, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TBCH | -0.39% | -0.17% | +0.94% | +1.43% | - |
VCB | -1.11% | -2.00% | -0.23% | +0.63% | +20.31% | |
| Flows | TBCH | +$20 M | +$36 M | +$50 M | +$66 M | - |
VCB | +$24 M | +$83 M | +$351 M | +$449 M | +$597 M |
TBCH vs VCB exposure
Countries
TBCH
Canada
69.26%
USA
30.39%
VCB
Canada
85.57%
USA
12.00%
Sectors
TBCH
Finance
55.39%
Telecommunications
15.68%
Utilities
12.05%
Industrials
8.09%
Other
8.79%
VCB
Finance
47.40%
Energy
13.95%
Utilities
11.54%
Telecommunications
8.63%
Other
18.48%
As of September 14, 2026
Top 10 Holdings
TBCH
Sun Life Financial, 2.8% 21nov2033, CAD (2021-2)
7.01%
Royal Bank of Canada, 1.67% 28jan2033, CAD (23)
6.90%
Toronto-Dominion Bank, 1.896% 11sep2028, CAD
6.88%
Athene Global Funding, 2.47% 9jun2028, CAD (2021-14)
6.55%
Fortis Inc, 2.18% 15may2028, CAD
6.55%
Goldman Sachs, 2.013% 28feb2029, CAD
6.55%
New York Life Global Funding, 2% 17apr2028, CAD (2021-6)
6.48%
MetLife Global Funding I, 1.95% 20mar2028, CAD (2021-6)
6.47%
Bell Canada, 2.2% 29may2028, CAD (M-56)
6.23%
Granite REIT Holdings, 2.194% 30aug2028, CAD
6.18%
VCB
Amazon.com, 5% 12jun2056, CAD
0.79%
Bank of Nova Scotia, 3.61% 30jan2032, CAD
0.59%
Royal Bank of Canada, 3.572% 9dec2031, CAD
0.58%
Amazon.com, 4.35% 12jun2036, CAD
0.57%
Toronto-Dominion Bank, 3.687% 9jan2032, CAD
0.56%
Royal Bank of Canada, 4.829% 8aug2034, CAD (28)
0.55%
Royal Bank of Canada, 4.632% 1may2028, CAD
0.49%
Toronto-Dominion Bank, 3.605% 10sep2031, CAD
0.49%
Bank of Nova Scotia, 3.734% 27jun2031, CAD
0.48%
Toronto-Dominion Bank, 4.68% 8jan2029, CAD
0.47%
Diversification
TBCH
Total weight of top 10 holdings out of 25 total
65.81%
VCB
Total weight of top 10 holdings out of 861 total
5.56%
Characteristics
Compare
TBCH
VCB
| Provider | TD Asset Management | Vanguard |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg Global Aggregate Canadian Credit Float Adjusted Total Return Index - CAD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 1.78% | 4.28% |
| Meets ESG criteria | No | No |
| Inception Date | January 14, 2025 | January 31, 2017 |
Frequently asked questions about TBCH and VCB
Which ETF has performed better year to date: TBCH or VCB?
As of September 14, 2026, TBCH has returned 0.94% year to date, while VCB has returned -0.23%. TBCH is ahead on YTD performance.
Which ETF is larger by assets under management: TBCH or VCB?
As of September 14, 2026, TBCH manages $112.42 M in assets, while VCB manages $864.58 M. VCB is the larger fund by AUM.
How are TBCH and VCB managed?
TBCH is actively managed by TD Asset Management. It does not track an index. VCB is passively managed by Vanguard. It tracks the Bloomberg Global Aggregate Canadian Credit Float Adjusted Total Return Index - CAD benchmark.
What sectors do TBCH and VCB emphasize?
TBCH is most exposed to Finance, Telecommunications, and Utilities. VCB is most exposed to Finance, Energy, and Utilities.
Which ETF is attracting more investor flows: TBCH or VCB?
Year to date, TBCH has seen +$50.37 M in net flows, compared with +$351.02 M for VCB. VCB has attracted more net investor money so far.
How do the fees of TBCH and VCB compare?
TBCH has an expense ratio of 0.22%, while VCB has an expense ratio of 0.17%.
What are the top holdings of TBCH and VCB?
TBCH's largest holdings include Sun Life Financial, 2.8% 21nov2033, CAD (2021-2), Royal Bank of Canada, 1.67% 28jan2033, CAD (23), and Toronto-Dominion Bank, 1.896% 11sep2028, CAD. VCB's top holdings include Amazon.com, 5% 12jun2056, CAD, Bank of Nova Scotia, 3.61% 30jan2032, CAD, and Royal Bank of Canada, 3.572% 9dec2031, CAD.
Which ETF is more diversified: TBCH or VCB?
TBCH holds 25 securities, while VCB holds 861. On holdings count, VCB is the more diversified portfolio.
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