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BNS vs. TD
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

BNS vs. TD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Bank of Nova Scotia (BNS) and The Toronto-Dominion Bank (TD). The values are adjusted to include any dividend payments, if applicable.

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BNS vs. TD - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
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

Market Cap

BNS:

$87.39B

TD:

$117.09B

EPS

BNS:

$7.17

TD:

$13.59

PE Ratio

BNS:

9.78

TD:

6.97

PS Ratio

BNS:

1.23

TD:

1.33

PB Ratio

BNS:

1.12

TD:

1.03

Total Revenue (TTM)

BNS:

$71.33B

TD:

$114.07B

Gross Profit (TTM)

BNS:

$32.57B

TD:

$58.26B

EBITDA (TTM)

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

BNS vs. TD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNS
BNS Risk / Return Rank: 9696
Overall Rank
BNS Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
BNS Sortino Ratio Rank: 9797
Sortino Ratio Rank
BNS Omega Ratio Rank: 9797
Omega Ratio Rank
BNS Calmar Ratio Rank: 9191
Calmar Ratio Rank
BNS Martin Ratio Rank: 9595
Martin Ratio Rank

TD
TD Risk / Return Rank: 9898
Overall Rank
TD Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
TD Sortino Ratio Rank: 9898
Sortino Ratio Rank
TD Omega Ratio Rank: 9898
Omega Ratio Rank
TD Calmar Ratio Rank: 9898
Calmar Ratio Rank
TD Martin Ratio Rank: 9999
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.

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.


BNSTDDifference

Sharpe ratio

Return per unit of total volatility

3.22

3.95

-0.73

Sortino ratio

Return per unit of downside risk

4.26

4.96

-0.70

Omega ratio

Gain probability vs. loss probability

1.62

1.67

-0.04

Calmar ratio

Return relative to maximum drawdown

4.20

8.61

-4.42

Martin ratio

Return relative to average drawdown

17.20

31.91

-14.70

BNS vs. TD - Sharpe Ratio Comparison

The current BNS Sharpe Ratio is 3.22, which is comparable to the TD Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of BNS and TD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


BNSTDDifference

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.


TTM20252024202320222021202020192018201720162015
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


BNSTDDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-9.76%

-4.13%

-5.63%

Average Drawdown

Average peak-to-trough decline

-11.08%

-11.29%

+0.21%

Ulcer Index

Depth 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


BNSTDDifference

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


10.00B15.00B20.00B25.00B30.00B20222023202420252026
17.22B
28.14B
(BNS) Total Revenue
(TD) Total Revenue
Values in USD except per share items

BNS vs. TD - Profitability Comparison

The chart below illustrates the profitability comparison between The Bank of Nova Scotia and The Toronto-Dominion Bank over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%20222023202420252026
48.1%
53.9%
Portfolio components
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%.