GWO.TO vs. TD.TO
GWO.TO (Great-West Lifeco Inc.) and TD.TO (The Toronto-Dominion Bank) are both stocks. Both are in the Financial Services sector — GWO.TO in Insurance - Life, TD.TO in Banks - Diversified. Over the past 10 years, GWO.TO returned 14.28%/yr vs 15.57%/yr for TD.TO. At a 0.48 correlation, their price movements are largely independent.
Performance
GWO.TO vs. TD.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GWO.TO achieves a 20.66% return, which is significantly lower than TD.TO's 25.29% return. Over the past 10 years, GWO.TO has underperformed TD.TO with an annualized return of 14.28%, while TD.TO has yielded a comparatively higher 15.57% annualized return.
GWO.TO
- 1D
- -2.10%
- 1M
- 5.99%
- YTD
- 20.66%
- 6M
- 28.10%
- 1Y
- 62.42%
- 3Y*
- 34.22%
- 5Y*
- 22.89%
- 10Y*
- 14.28%
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%
GWO.TO vs. TD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWO.TO Great-West Lifeco Inc. | 20.66% | 48.38% | 14.28% | 47.70% | -12.58% | 31.45% | -2.64% | 24.53% | -15.76% | 4.08% |
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 GWO.TO and TD.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.48 |
Over the past year, the correlation between GWO.TO and TD.TO has dropped to 0.19 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
Fundamentals
GWO.TO:
CA$72.78B
TD.TO:
CA$265.60B
GWO.TO:
CA$4.85
TD.TO:
CA$8.81
GWO.TO:
16.53
TD.TO:
18.10
GWO.TO:
1.84
TD.TO:
0.65
GWO.TO:
2.13
TD.TO:
2.40
GWO.TO:
2.69
TD.TO:
2.36
GWO.TO:
CA$34.77B
TD.TO:
CA$112.59B
GWO.TO:
CA$15.81B
TD.TO:
CA$59.48B
GWO.TO:
CA$6.15B
TD.TO:
CA$19.98B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GWO.TO vs. TD.TO — Risk / Return Rank
GWO.TO
TD.TO
GWO.TO vs. TD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Great-West Lifeco Inc. (GWO.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.
| GWO.TO | TD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.83 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 10.77 | -5.68 |
| Martin ratioReturn relative to average drawdown | 19.12 | 45.21 | -26.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| GWO.TO | TD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.74 | 4.75 | -1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 1.04 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.81 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.61 | -0.18 |
Drawdowns
GWO.TO vs. TD.TO - Drawdown Comparison
The maximum GWO.TO drawdown since its inception was -67.52%, 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 GWO.TO and TD.TO.
Loading charts...
Drawdown Indicators
| GWO.TO | TD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.52% | -52.42% | -15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -6.68% | -5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -12.82% | -15.04% | +2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -27.64% | -26.06% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -44.96% | -35.80% | -9.16% |
Current DrawdownCurrent decline from peak | -2.10% | 0.00% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -7.29% | -4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 1.59% | +1.68% |
Volatility
GWO.TO vs. TD.TO - Volatility Comparison
The current volatility for Great-West Lifeco Inc. (GWO.TO) is 4.68%, while The Toronto-Dominion Bank (TD.TO) has a volatility of 5.24%. This indicates that GWO.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.
Loading charts...
Volatility by Period
| GWO.TO | TD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 5.24% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 11.86% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 15.16% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 17.16% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.75% | 19.29% | +1.46% |
Dividends
GWO.TO vs. TD.TO - Dividend Comparison
GWO.TO's dividend yield for the trailing twelve months is around 3.19%, more than TD.TO's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWO.TO Great-West Lifeco Inc. | 3.19% | 3.60% | 4.66% | 4.74% | 6.26% | 4.75% | 5.77% | 4.97% | 5.52% | 4.18% | 3.94% | 3.78% |
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% |
Financials
GWO.TO vs. TD.TO - Financials Comparison
This section allows you to compare key financial metrics between Great-West Lifeco Inc. 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
GWO.TO vs. TD.TO - Profitability Comparison
GWO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a gross profit of 3.62B and revenue of 7.73B. Therefore, the gross margin over that period was 46.9%.
TD.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported a gross profit of 14.91B and revenue of 27.03B. Therefore, the gross margin over that period was 55.2%.
GWO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported an operating income of 1.61B and revenue of 7.73B, resulting in an operating margin of 20.8%.
TD.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported an operating income of 5.03B and revenue of 27.03B, resulting in an operating margin of 18.6%.
GWO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a net income of 1.24B and revenue of 7.73B, resulting in a net margin of 16.1%.
TD.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Toronto-Dominion Bank reported a net income of 4.25B and revenue of 27.03B, resulting in a net margin of 15.7%.
Frequently Asked Questions
GWO.TO and TD.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for GWO.TO and TD.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer