MDT vs. TD
MDT (Medtronic plc) and TD (The Toronto-Dominion Bank) are both stocks. MDT operates in Medical Devices (Healthcare), while TD operates in Banks - Diversified (Financial Services). Over the past 10 years, MDT returned 2.00%/yr vs 15.16%/yr for TD. At a 0.30 correlation, their price movements are largely independent.
Performance
MDT vs. TD - Performance Comparison
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Returns By Period
In the year-to-date period, MDT achieves a -15.83% return, which is significantly lower than TD's 26.58% return. Over the past 10 years, MDT has underperformed TD with an annualized return of 2.00%, while TD has yielded a comparatively higher 15.16% annualized return.
MDT
- 1D
- -0.16%
- 1M
- 5.24%
- YTD
- -15.83%
- 6M
- -18.44%
- 1Y
- -6.49%
- 3Y*
- 1.02%
- 5Y*
- -5.47%
- 10Y*
- 2.00%
TD
- 1D
- 0.93%
- 1M
- 10.13%
- YTD
- 26.58%
- 6M
- 30.43%
- 1Y
- 71.84%
- 3Y*
- 31.09%
- 5Y*
- 15.31%
- 10Y*
- 15.16%
MDT vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | -15.83% | 24.05% | 0.28% | 9.58% | -22.55% | -9.79% | 5.70% | 27.34% | 15.18% | 15.90% |
TD The Toronto-Dominion Bank | 26.58% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
Correlation
The correlation between MDT and TD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.30 |
The correlation between MDT and TD shifts across timeframes, from 0.22 (1 year) to 0.34 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MDT:
$103.31B
TD:
$143.77B
MDT:
$3.58
TD:
CA$10.11
MDT:
22.38
TD:
16.22
MDT:
2.02
TD:
0.58
MDT:
2.91
TD:
2.15
MDT:
$35.48B
TD:
CA$112.63B
MDT:
$5.78B
TD:
CA$59.49B
MDT:
$7.11B
TD:
CA$19.99B
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Return for Risk
MDT vs. TD — Risk / Return Rank
MDT
TD
MDT vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Medtronic plc (MDT) 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.
| MDT | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.67 | ||
| Sortino ratioReturn per unit of downside risk | -5.78 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.71 | -0.75 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 9.63 | -9.85 |
| Martin ratioReturn relative to average drawdown | -0.56 | 37.58 | -38.14 |
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Drawdowns
MDT vs. TD - Drawdown Comparison
The maximum MDT drawdown since its inception was -57.63%, smaller than the maximum TD drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for MDT and TD.
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Drawdown Indicators
| MDT | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.63% | -64.18% | +6.55% |
Max Drawdown (1Y)Largest decline over 1 year | -28.90% | -7.50% | -21.40% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -19.19% | -9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -30.93% | -14.17% |
Max Drawdown (10Y)Largest decline over 10 years | -45.10% | -41.98% | -3.12% |
Current DrawdownCurrent decline from peak | -31.23% | 0.00% | -31.23% |
Average DrawdownAverage peak-to-trough decline | -16.55% | -11.22% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.52% | 1.92% | +9.60% |
Volatility
MDT vs. TD - Volatility Comparison
Medtronic plc (MDT) has a higher volatility of 9.32% compared to The Toronto-Dominion Bank (TD) at 5.00%. This indicates that MDT'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
| MDT | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 5.00% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.28% | 12.55% | +3.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.07% | 16.57% | +4.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.93% | 19.83% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 21.72% | +1.53% |
Dividends
MDT vs. TD - Dividend Comparison
MDT's dividend yield for the trailing twelve months is around 3.54%, more than TD's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDT Medtronic plc | 3.54% | 2.95% | 3.49% | 3.34% | 3.44% | 2.39% | 1.95% | 1.87% | 2.15% | 2.24% | 2.34% | 1.88% |
TD The Toronto-Dominion Bank | 2.62% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Financials
MDT vs. TD - Financials Comparison
This section allows you to compare key financial metrics between Medtronic plc 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
Frequently Asked Questions
MDT and TD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MDT has higher volatility (9.32%) compared to TD (5.00%). In terms of maximum drawdown, MDT dropped -57.63% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.36 vs -0.31), 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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