JPM vs. TD
JPM (JPMorgan Chase & Co.) and TD (The Toronto-Dominion Bank) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, JPM returned 21.27%/yr vs 15.43%/yr for TD. At a 0.49 correlation, their price movements are largely independent.
Performance
JPM vs. TD - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a 6.66% return, which is significantly lower than TD's 30.87% return. Over the past 10 years, JPM has outperformed TD with an annualized return of 21.27%, while TD has yielded a comparatively lower 15.43% annualized return.
JPM
- 1D
- -0.65%
- 1M
- 4.67%
- 6M
- 9.49%
- YTD
- 6.66%
- 1Y
- 18.57%
- 3Y*
- 32.69%
- 5Y*
- 20.23%
- 10Y*
- 21.27%
- ALL TIME*
- 12.35%
TD
- 1D
- -2.51%
- 1M
- 1.69%
- 6M
- 30.27%
- YTD
- 30.87%
- 1Y
- 69.13%
- 3Y*
- 28.36%
- 5Y*
- 17.86%
- 10Y*
- 15.43%
- ALL TIME*
- 15.67%
JPM vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 6.66% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
TD The Toronto-Dominion Bank | 30.87% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
Correlation
The correlation between JPM and TD is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.49 |
The correlation between JPM and TD has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.
Fundamentals
JPM:
$908.01B
TD:
$203.58B
JPM:
$23.29
TD:
CA$10.11
JPM:
14.55
TD:
16.69
JPM:
1.61
TD:
0.60
JPM:
3.18
TD:
2.21
JPM:
2.68
TD:
1.84
JPM:
$297.63B
TD:
CA$112.63B
JPM:
$186.33B
TD:
CA$59.49B
JPM:
$90.84B
TD:
CA$19.99B
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Return for Risk
JPM vs. TD — Risk / Return Rank
JPM
TD
JPM vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPM | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.69 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.65 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 9.26 | -8.06 |
| Martin ratioReturn relative to average drawdown | 2.85 | 35.62 | -32.77 |
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Drawdowns
JPM vs. TD - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, which is greater than TD's maximum drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for JPM and TD.
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Drawdown Indicators
| JPM | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -64.18% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -7.50% | -7.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | -19.19% | -5.23% |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | -30.93% | -7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | -41.98% | -1.65% |
Current DrawdownCurrent decline from peak | -2.32% | -3.45% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -11.19% | -6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.53% | 1.95% | +4.58% |
Volatility
JPM vs. TD - Volatility Comparison
JPMorgan Chase & Co. (JPM) has a higher volatility of 6.42% compared to The Toronto-Dominion Bank (TD) at 5.94%. This indicates that JPM'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
| JPM | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 5.94% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 13.41% | +3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.17% | 17.32% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.41% | 19.81% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 21.72% | +5.59% |
Dividends
JPM vs. TD - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.77%, less than TD's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.77% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
TD The Toronto-Dominion Bank | 2.57% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Financials
JPM vs. TD - Financials Comparison
This section allows you to compare key financial metrics between JPMorgan Chase & Co. 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
JPM vs. TD - Profitability Comparison
JPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported a gross profit of 54.83B and revenue of 82.46B. Therefore, the gross margin over that period was 66.5%.
TD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Toronto-Dominion Bank reported a gross profit of 14.90B and revenue of 27.02B. Therefore, the gross margin over that period was 55.2%.
JPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported an operating income of 27.52B and revenue of 82.46B, resulting in an operating margin of 33.4%.
TD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Toronto-Dominion Bank reported an operating income of 5.02B and revenue of 27.02B, resulting in an operating margin of 18.6%.
JPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, JPMorgan Chase & Co. reported a net income of 21.16B and revenue of 82.46B, resulting in a net margin of 25.7%.
TD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Toronto-Dominion Bank reported a net income of 4.25B and revenue of 27.02B, resulting in a net margin of 15.7%.
Frequently Asked Questions
JPM and TD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.42%) compared to TD (5.94%). In terms of maximum drawdown, JPM dropped -76.16% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.02 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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