MSA.TO vs. TD.TO

Last updated Apr 3, 2026

Compare and contrast key facts about Mineros S.A. (MSA.TO) and The Toronto-Dominion Bank (TD.TO).

Performance

MSA.TO vs. TD.TO - Performance Comparison

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

MSA.TO vs. TD.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MSA.TO Mineros S.A.	-10.97%	300.29%	159.66%	7.19%	-31.80%	-0.88%
TD.TO The Toronto-Dominion Bank	3.29%	77.06%	-6.05%	2.34%	-6.01%	5.61%

Fundamentals

Market Cap MSA.TO : CA$1.47B TD.TO : CA$223.24B
EPS MSA.TO : CA$0.49 TD.TO : CA$12.73
PE Ratio MSA.TO : 10.17 TD.TO : 10.41
PEG Ratio MSA.TO : 0.07 TD.TO : 0.38
PS Ratio MSA.TO : 1.84 TD.TO : 1.99
PB Ratio MSA.TO : 2.86 TD.TO : 1.96
Total Revenue (TTM) MSA.TO : CA$806.33M TD.TO : CA$114.03B
Gross Profit (TTM) MSA.TO : CA$324.94M TD.TO : CA$58.23B
EBITDA (TTM) MSA.TO : CA$327.43M TD.TO : CA$27.53B

Returns By Period

In the year-to-date period, MSA.TO achieves a -10.97% return, which is significantly lower than TD.TO's 3.29% return.

MSA.TO

• 1D: -2.16%
• 1M: -24.32%
• YTD: -10.97%
• 6M: 9.86%
• 1Y: 133.05%
• 3Y*: 115.96%
• 5Y*: —
• 10Y*: —

TD.TO

• 1D: 0.91%
• 1M: -0.82%
• YTD: 3.29%
• 6M: 21.36%
• 1Y: 60.88%
• 3Y*: 22.63%
• 5Y*: 14.85%
• 10Y*: 13.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MSA.TO vs. TD.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSA.TO

MSA.TO Risk / Return Rank: 88
MSA.TO Sharpe Ratio Rank: 93
MSA.TO Sortino Ratio Rank: 87
MSA.TO Omega Ratio Rank: 86
MSA.TO Calmar Ratio Rank: 84
MSA.TO Martin Ratio Rank: 89

TD.TO

TD.TO Risk / Return Rank: 98
TD.TO Sharpe Ratio Rank: 98
TD.TO Sortino Ratio Rank: 98
TD.TO Omega Ratio Rank: 98
TD.TO Calmar Ratio Rank: 97
TD.TO Martin Ratio Rank: 99

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.

MSA.TO vs. TD.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mineros S.A. (MSA.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.

	MSA.TO	TD.TO	Difference
Sharpe ratio Return per unit of total volatility	2.39	3.95	-1.56
Sortino ratio Return per unit of downside risk	2.68	4.78	-2.10
Omega ratio Gain probability vs. loss probability	1.35	1.71	-0.35
Calmar ratio Return relative to maximum drawdown	3.00	8.31	-5.31
Martin ratio Return relative to average drawdown	11.25	33.92	-22.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSA.TO vs. TD.TO - Sharpe Ratio Comparison

The current MSA.TO Sharpe Ratio is 2.39, which is lower than the TD.TO Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of MSA.TO and TD.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSA.TO	TD.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	3.95	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.56	+0.48

Correlation

The correlation between MSA.TO and TD.TO is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MSA.TO vs. TD.TO - Dividend Comparison

MSA.TO's dividend yield for the trailing twelve months is around 2.77%, less than TD.TO's 3.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSA.TO Mineros S.A.	2.77%	2.49%	8.46%	14.31%	13.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TD.TO The Toronto-Dominion Bank	3.19%	3.25%	5.33%	4.48%	4.06%	3.26%	4.32%	3.97%	3.85%	3.19%	3.26%	3.69%

Drawdowns

MSA.TO vs. TD.TO - Drawdown Comparison

The maximum MSA.TO drawdown since its inception was -49.75%, smaller than the maximum TD.TO drawdown of -54.79%. Use the drawdown chart below to compare losses from any high point for MSA.TO and TD.TO.

Drawdown Indicators

	MSA.TO	TD.TO	Difference
Max Drawdown Largest peak-to-trough decline	-49.75%	-54.79%	+5.04%
Max Drawdown (1Y) Largest decline over 1 year	-40.74%	-6.68%	-34.06%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.80%	—
Current Drawdown Current decline from peak	-34.13%	-1.95%	-32.18%
Average Drawdown Average peak-to-trough decline	-18.55%	-9.09%	-9.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.86%	1.85%	+9.01%

Volatility

MSA.TO vs. TD.TO - Volatility Comparison

Mineros S.A. (MSA.TO) has a higher volatility of 19.18% compared to The Toronto-Dominion Bank (TD.TO) at 5.95%. This indicates that MSA.TO's price experiences larger fluctuations and is considered to be riskier than TD.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSA.TO	TD.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.18%	5.95%	+13.23%
Volatility (6M) Calculated over the trailing 6-month period	44.45%	11.02%	+33.43%
Volatility (1Y) Calculated over the trailing 1-year period	56.13%	15.51%	+40.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.95%	16.96%	+35.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.95%	19.18%	+33.77%

Financials

MSA.TO vs. TD.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Mineros S.A. and The Toronto-Dominion Bank over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MSA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mineros S.A. reported a gross profit of 104.08M and revenue of 263.97M. Therefore, the gross margin over that period was 39.4%.

TD.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a gross profit of 15.15B and revenue of 28.09B. Therefore, the gross margin over that period was 53.9%.

MSA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mineros S.A. reported an operating income of 97.05M and revenue of 263.97M, resulting in an operating margin of 36.8%.

TD.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported an operating income of 5.17B and revenue of 28.09B, resulting in an operating margin of 18.4%.

MSA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mineros S.A. reported a net income of 9.53M and revenue of 263.97M, resulting in a net margin of 3.6%.

TD.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a net income of 4.04B and revenue of 28.09B, resulting in a net margin of 14.4%.