BNS vs. TD
Compare and contrast key facts about The Bank of Nova Scotia (BNS) and The Toronto-Dominion Bank (TD).
Performance
BNS vs. TD - Performance Comparison
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BNS vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | -3.72% | 45.11% | 17.55% | 8.53% | -28.05% | 40.62% | 1.70% | 17.49% | -18.28% | 21.83% |
TD The Toronto-Dominion Bank | 1.37% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
Fundamentals
BNS:
$87.39B
TD:
$117.09B
BNS:
$7.17
TD:
$13.59
BNS:
9.78
TD:
6.97
BNS:
1.23
TD:
1.33
BNS:
1.12
TD:
1.03
BNS:
$71.33B
TD:
$114.07B
BNS:
$32.57B
TD:
$58.26B
BNS:
$13.36B
TD:
$27.61B
Returns By Period
In the year-to-date period, BNS achieves a -3.72% return, which is significantly lower than TD's 1.37% return. Over the past 10 years, BNS has underperformed TD with an annualized return of 9.96%, while TD has yielded a comparatively higher 12.83% annualized return.
BNS
- 1D
- 1.27%
- 1M
- -7.11%
- YTD
- -3.72%
- 6M
- 11.19%
- 1Y
- 55.47%
- 3Y*
- 19.51%
- 5Y*
- 8.85%
- 10Y*
- 9.96%
TD
- 1D
- 1.49%
- 1M
- -3.62%
- YTD
- 1.37%
- 6M
- 19.83%
- 1Y
- 66.29%
- 3Y*
- 22.26%
- 5Y*
- 12.47%
- 10Y*
- 12.83%
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Return for Risk
BNS vs. TD — Risk / Return Rank
BNS
TD
BNS vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and The Toronto-Dominion Bank (TD). 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.
| BNS | TD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.22 | 3.95 | -0.73 |
Sortino ratioReturn per unit of downside risk | 4.26 | 4.96 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.67 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 4.20 | 8.61 | -4.42 |
Martin ratioReturn relative to average drawdown | 17.20 | 31.91 | -14.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNS | TD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.22 | 3.95 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.64 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.58 | -0.08 |
Correlation
The correlation between BNS and TD is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNS vs. TD - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 3.41%, more than TD's 3.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 3.41% | 4.17% | 5.85% | 8.56% | 6.39% | 5.09% | 4.93% | 3.53% | 6.34% | 4.80% | 5.24% | 8.13% |
TD The Toronto-Dominion Bank | 3.21% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Drawdowns
BNS vs. TD - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.65%, roughly equal to the maximum TD drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for BNS and TD.
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Drawdown Indicators
| BNS | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -64.18% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -7.50% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -39.12% | -30.93% | -8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -41.98% | -4.31% |
Current DrawdownCurrent decline from peak | -9.76% | -4.13% | -5.63% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -11.29% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.03% | +1.23% |
Volatility
BNS vs. TD - Volatility Comparison
The Bank of Nova Scotia (BNS) has a higher volatility of 6.64% compared to The Toronto-Dominion Bank (TD) at 6.27%. This indicates that BNS's price experiences larger fluctuations and is considered to be riskier than TD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNS | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.64% | 6.27% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.81% | 12.08% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 16.91% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 19.67% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 21.67% | +0.30% |
Financials
BNS vs. TD - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and The Toronto-Dominion Bank. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BNS vs. TD - Profitability Comparison
BNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported a gross profit of 8.28B and revenue of 17.22B. Therefore, the gross margin over that period was 48.1%.
TD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a gross profit of 15.17B and revenue of 28.14B. Therefore, the gross margin over that period was 53.9%.
BNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported an operating income of 3.18B and revenue of 17.22B, resulting in an operating margin of 18.4%.
TD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported an operating income of 5.18B and revenue of 28.14B, resulting in an operating margin of 18.4%.
BNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported a net income of 2.29B and revenue of 17.22B, resulting in a net margin of 13.3%.
TD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a net income of 4.05B and revenue of 28.14B, resulting in a net margin of 14.4%.