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 20.32%/yr vs 14.57%/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 -2.52% return, which is significantly lower than TD's 23.17% return. Over the past 10 years, JPM has outperformed TD with an annualized return of 20.32%, while TD has yielded a comparatively lower 14.57% annualized return.
JPM
- 1D
- -0.40%
- 1M
- 2.98%
- YTD
- -2.52%
- 6M
- -0.35%
- 1Y
- 19.35%
- 3Y*
- 33.18%
- 5Y*
- 16.72%
- 10Y*
- 20.32%
TD
- 1D
- 0.89%
- 1M
- 6.24%
- YTD
- 23.17%
- 6M
- 31.66%
- 1Y
- 68.14%
- 3Y*
- 30.41%
- 5Y*
- 14.58%
- 10Y*
- 14.57%
JPM vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | -2.52% | 37.27% | 44.29% | 30.63% | -12.64% | 27.75% | -5.53% | 47.26% | -6.62% | 26.76% |
TD The Toronto-Dominion Bank | 23.17% | 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 0.50, 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 | 0.50 |
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 Sep 3, 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:
$869.15B
TD:
$139.89B
JPM:
$21.08
TD:
$10.11
JPM:
14.76
TD:
11.29
JPM:
1.63
TD:
0.41
JPM:
3.05
TD:
1.50
JPM:
2.53
TD:
1.24
JPM:
$285.09B
TD:
$112.63B
JPM:
$173.52B
TD:
$59.49B
JPM:
$81.46B
TD:
$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.
| JPM | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.68 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 9.13 | -7.87 |
| Martin ratioReturn relative to average drawdown | 2.98 | 35.63 | -32.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| JPM | TD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 4.14 | -3.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.74 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.67 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.60 | -0.26 |
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 | -6.55% | 0.00% | -6.55% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -11.23% | -6.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 1.92% | +4.58% |
Volatility
JPM vs. TD - Volatility Comparison
JPMorgan Chase & Co. (JPM) has a higher volatility of 6.40% compared to The Toronto-Dominion Bank (TD) at 5.13%. 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 | 6.40% | 5.13% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 17.38% | 12.90% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.62% | 16.58% | +5.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.45% | 19.83% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.40% | 21.73% | +5.67% |
Dividends
JPM vs. TD - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.90%, less than TD's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.90% | 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 | 2.69% | 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 Jun 2026, JPMorgan Chase & Co. reported a gross profit of 47.33B and revenue of 73.66B. Therefore, the gross margin over that period was 64.3%.
TD - 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 14.90B 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 Jun 2026, JPMorgan Chase & Co. reported an operating income of 20.48B and revenue of 73.66B, resulting in an operating margin of 27.8%.
TD - 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 5.02B 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 Jun 2026, JPMorgan Chase & Co. reported a net income of 16.49B and revenue of 73.66B, resulting in a net margin of 22.4%.
TD - 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 27.02B, resulting in a net margin of 15.7%.
Frequently Asked Questions
JPM and TD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JPM has higher volatility (6.40%) compared to TD (5.13%). In terms of maximum drawdown, JPM dropped -76.16% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.14 vs 0.90), 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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