BNS vs. TD
Compare and contrast key facts about The Bank of Nova Scotia (BNS) and The Toronto-Dominion Bank (TD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNS or TD.
Correlation
The correlation between BNS and TD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BNS vs. TD - Performance Comparison
Key characteristics
BNS:
0.31
TD:
0.63
BNS:
0.53
TD:
0.92
BNS:
1.07
TD:
1.14
BNS:
0.18
TD:
0.40
BNS:
0.79
TD:
1.47
BNS:
7.01%
TD:
8.46%
BNS:
17.86%
TD:
19.92%
BNS:
-63.79%
TD:
-64.16%
BNS:
-22.92%
TD:
-17.16%
Fundamentals
BNS:
$58.68B
TD:
$106.35B
BNS:
$3.49
TD:
$3.40
BNS:
13.50
TD:
17.78
BNS:
1.38
TD:
0.81
BNS:
2.03
TD:
1.99
BNS:
1.09
TD:
1.35
BNS:
$44.76B
TD:
$57.21B
BNS:
$44.76B
TD:
$57.21B
BNS:
$3.20B
TD:
$16.92B
Returns By Period
In the year-to-date period, BNS achieves a -9.65% return, which is significantly lower than TD's 16.53% return. Over the past 10 years, BNS has underperformed TD with an annualized return of 3.91%, while TD has yielded a comparatively higher 7.26% annualized return.
BNS
-9.65%
-1.86%
-9.60%
8.01%
10.18%
3.91%
TD
16.53%
2.45%
10.10%
13.36%
13.37%
7.26%
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Risk-Adjusted Performance
BNS vs. TD — Risk-Adjusted Performance Rank
BNS
TD
BNS vs. TD - Risk-Adjusted Performance 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.
Dividends
BNS vs. TD - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 6.48%, more than TD's 4.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 6.48% | 5.84% | 6.40% | 6.40% | 4.02% | 4.94% | 3.54% | 5.10% | 3.75% | 3.98% | 6.63% | 4.11% |
TD The Toronto-Dominion Bank | 4.87% | 5.65% | 4.40% | 4.24% | 3.27% | 4.10% | 3.89% | 4.09% | 3.08% | 3.29% | 4.07% | 3.54% |
Drawdowns
BNS vs. TD - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.79%, roughly equal to the maximum TD drawdown of -64.16%. Use the drawdown chart below to compare losses from any high point for BNS and TD. For additional features, visit the drawdowns tool.
Volatility
BNS vs. TD - Volatility Comparison
The Bank of Nova Scotia (BNS) has a higher volatility of 8.61% compared to The Toronto-Dominion Bank (TD) at 7.32%. 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.
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