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EIT-UN.TO vs. TD.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EIT-UN.TO vs. TD.TO

Last updated Jun 9, 2026

EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe, while TD.TO (The Toronto-Dominion Bank) is a stock. Over the past 10 years, EIT-UN.TO returned 15.69%/yr vs 15.57%/yr for TD.TO. At a 0.42 correlation, their price movements are largely independent.

Performance

EIT-UN.TO vs. TD.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canoe EIT Income Fund (EIT-UN.TO) and The Toronto-Dominion Bank (TD.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EIT-UN.TO achieves a 13.19% return, which is significantly lower than TD.TO's 25.29% return. Both investments have delivered pretty close results over the past 10 years, with EIT-UN.TO having a 15.69% annualized return and TD.TO not far behind at 15.57%.

EIT-UN.TO

1D
0.12%
1M
1.76%
YTD
13.19%
6M
14.28%
1Y
20.10%
3Y*
20.41%
5Y*
16.99%
10Y*
15.69%

TD.TO

1D
1.10%
1M
8.52%
YTD
25.29%
6M
32.68%
1Y
71.58%
3Y*
32.19%
5Y*
17.78%
10Y*
15.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EIT-UN.TO vs. TD.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EIT-UN.TO
Canoe EIT Income Fund		13.19%11.81%27.99%5.94%10.49%49.02%7.74%12.45%-3.05%9.56%
TD.TO
The Toronto-Dominion Bank		25.29%77.06%-6.05%2.34%-6.01%40.15%3.72%11.66%-4.57%15.15%

Correlation

The correlation between EIT-UN.TO and TD.TO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2006

0.42

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Canoe EIT Income Fund

The Toronto-Dominion Bank

Often compared with EIT-UN.TO:
EIT-UN.TO vs. HDIV.TOEIT-UN.TO vs. DFN.TOEIT-UN.TO vs. HDIF.TOEIT-UN.TO vs. MNS.TOEIT-UN.TO vs. ZWC.TOEIT-UN.TO vs. HYLD.TOEIT-UN.TO vs. XEQT.TO
Often compared with TD.TO:
TD.TO vs. RY.TOTD.TO vs. VDY.TOTD.TO vs. ENB.TOTD.TO vs. BNS.TOTD.TO vs. RYTD.TO vs. CM.TOTD.TO vs. DGS.TO

Return for Risk

EIT-UN.TO vs. TD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EIT-UN.TO
EIT-UN.TO Risk / Return Rank: 7171
Overall Rank
EIT-UN.TO Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
EIT-UN.TO Sortino Ratio Rank: 7474
Sortino Ratio Rank
EIT-UN.TO Omega Ratio Rank: 6565
Omega Ratio Rank
EIT-UN.TO Calmar Ratio Rank: 7878
Calmar Ratio Rank
EIT-UN.TO Martin Ratio Rank: 7272
Martin Ratio Rank
TD.TO
TD.TO Risk / Return Rank: 9898
Overall Rank
TD.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TD.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
TD.TO Omega Ratio Rank: 9898
Omega Ratio Rank
TD.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
TD.TO 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.

EIT-UN.TO vs. TD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.TO) and The Toronto-Dominion Bank (TD.TO). 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.

EIT-UN.TOTD.TODifference
Sharpe ratioReturn per unit of total volatility
2.29
4.75

-2.46

Sortino ratioReturn per unit of downside risk
3.46
5.78

-2.32

Omega ratioGain probability vs. loss probability

1.42

1.83

-0.40

Calmar ratioReturn relative to maximum drawdown

3.40

10.77

-7.36

Martin ratioReturn relative to average drawdown

13.03

45.21

-32.18

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIT-UN.TO vs. TD.TO - Sharpe Ratio Comparison

The current EIT-UN.TO Sharpe Ratio is 2.29, which is lower than the TD.TO Sharpe Ratio of 4.75. The chart below compares the historical Sharpe Ratios of EIT-UN.TO and TD.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EIT-UN.TOTD.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.29

4.75

-2.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.40

1.04

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.81

+0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.61

-0.16

Drawdowns

EIT-UN.TO vs. TD.TO - Drawdown Comparison

The maximum EIT-UN.TO drawdown since its inception was -63.56%, which is greater than TD.TO's maximum drawdown of -52.42%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and TD.TO.

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Drawdown Indicators

EIT-UN.TOTD.TODifference

Max Drawdown

Largest peak-to-trough decline

-63.56%

-52.42%

-11.14%

Max Drawdown (1Y)

Largest decline over 1 year

-5.93%

-6.68%

+0.75%

Max Drawdown (3Y)

Largest decline over 3 years

-9.45%

-15.04%

+5.59%

Max Drawdown (5Y)

Largest decline over 5 years

-15.57%

-26.06%

+10.49%

Max Drawdown (10Y)

Largest decline over 10 years

-50.36%

-35.80%

-14.56%

Current Drawdown

Current decline from peak

-0.52%

0.00%

-0.52%

Average Drawdown

Average peak-to-trough decline

-8.81%

-7.29%

-1.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.55%

1.59%

-0.04%

Volatility

EIT-UN.TO vs. TD.TO - Volatility Comparison

The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.55%, while The Toronto-Dominion Bank (TD.TO) has a volatility of 5.24%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than TD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EIT-UN.TOTD.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.55%

5.24%

-2.69%

Volatility (6M)

Calculated over the trailing 6-month period

7.53%

11.86%

-4.33%

Volatility (1Y)

Calculated over the trailing 1-year period

8.82%

15.16%

-6.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.22%

17.16%

-4.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.53%

19.29%

-1.76%

Dividends

EIT-UN.TO vs. TD.TO - Dividend Comparison

EIT-UN.TO's dividend yield for the trailing twelve months is around 6.95%, more than TD.TO's 2.67% yield.

PositionTTM20252024202320222021202020192018201720162015
EIT-UN.TO
Canoe EIT Income Fund		6.95%7.64%7.90%9.29%8.97%9.08%12.20%11.53%11.65%10.16%10.06%10.71%
TD.TO
The Toronto-Dominion Bank		2.67%3.25%5.33%4.48%4.06%3.26%4.32%3.97%3.85%3.19%3.26%3.69%

Frequently Asked Questions

EIT-UN.TO and TD.TO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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