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:
0.97
TD:
0.41
BNS:
1.38
TD:
0.64
BNS:
1.18
TD:
1.10
BNS:
0.52
TD:
0.25
BNS:
2.68
TD:
0.94
BNS:
5.95%
TD:
8.34%
BNS:
16.53%
TD:
18.99%
BNS:
-63.79%
TD:
-64.16%
BNS:
-17.81%
TD:
-18.70%
Fundamentals
BNS:
$69.45B
TD:
$105.09B
BNS:
$4.14
TD:
$3.30
BNS:
12.33
TD:
18.20
BNS:
1.44
TD:
1.12
BNS:
$34.36B
TD:
$42.30B
BNS:
$35.50B
TD:
$42.30B
BNS:
$3.20B
TD:
$16.92B
Returns By Period
In the year-to-date period, BNS achieves a -3.66% return, which is significantly lower than TD's 14.37% return. Over the past 10 years, BNS has underperformed TD with an annualized return of 4.91%, while TD has yielded a comparatively higher 7.78% annualized return.
BNS
-3.66%
0.29%
10.55%
14.57%
3.96%
4.91%
TD
14.37%
4.42%
3.67%
5.52%
5.67%
7.78%
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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 6.07%, more than TD's 4.98% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 6.07% | 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 | 4.98% | 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 current volatility for The Bank of Nova Scotia (BNS) is 5.09%, while The Toronto-Dominion Bank (TD) has a volatility of 5.81%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky 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