NTRS vs. TD.TO
NTRS (Northern Trust Corporation) and TD.TO (The Toronto-Dominion Bank) are both stocks. Both are in the Financial Services sector — NTRS in Asset Management, TD.TO in Banks - Diversified. Over the past 10 years, NTRS returned 12.65%/yr vs 15.09%/yr for TD.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
NTRS vs. TD.TO - Performance Comparison
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Different Trading Currencies
NTRS is traded in USD, while TD.TO is traded in CAD. To make them comparable, the TD.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NTRS achieves a 28.95% return, which is significantly higher than TD.TO's 26.16% return. Over the past 10 years, NTRS has underperformed TD.TO with an annualized return of 12.65%, while TD.TO has yielded a comparatively higher 15.09% annualized return.
NTRS
- 1D
- 2.10%
- 1M
- 7.47%
- YTD
- 28.95%
- 6M
- 27.15%
- 1Y
- 63.49%
- 3Y*
- 36.66%
- 5Y*
- 11.48%
- 10Y*
- 12.65%
TD.TO
- 1D
- 0.81%
- 1M
- 9.89%
- YTD
- 26.16%
- 6M
- 30.50%
- 1Y
- 72.48%
- 3Y*
- 31.02%
- 5Y*
- 15.07%
- 10Y*
- 15.09%
NTRS vs. TD.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTRS Northern Trust Corporation | 28.95% | 36.92% | 25.63% | -1.02% | -23.82% | 31.65% | -9.29% | 30.59% | -14.68% | 14.18% |
TD.TO The Toronto-Dominion Bank | 26.16% | 85.53% | -13.39% | 4.83% | -11.62% | 40.22% | 6.24% | 16.46% | -11.97% | 23.52% |
Correlation
The correlation between NTRS and TD.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.44 |
Fundamentals
NTRS:
$9.09
TD.TO:
CA$8.81
NTRS:
19.17
TD.TO:
18.62
NTRS:
1.51
TD.TO:
0.67
NTRS:
2.33
TD.TO:
2.47
NTRS:
$14.30B
TD.TO:
CA$112.59B
NTRS:
$8.09B
TD.TO:
CA$59.48B
NTRS:
$3.21B
TD.TO:
CA$19.98B
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Return for Risk
NTRS vs. TD.TO — Risk / Return Rank
NTRS
TD.TO
NTRS vs. TD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Corporation (NTRS) 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.
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.
| NTRS | TD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.79 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 9.96 | -4.81 |
| Martin ratioReturn relative to average drawdown | 13.90 | 39.77 | -25.88 |
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Drawdowns
NTRS vs. TD.TO - Drawdown Comparison
The maximum NTRS drawdown since its inception was -67.67%, which is greater than TD.TO's maximum drawdown of -62.28%. Use the drawdown chart below to compare losses from any high point for NTRS and TD.TO.
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Drawdown Indicators
| NTRS | TD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.67% | -62.28% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -7.31% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -19.57% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -50.03% | -31.55% | -18.48% |
Max Drawdown (10Y)Largest decline over 10 years | -50.03% | -41.46% | -8.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -20.95% | -10.66% | -10.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 1.83% | +2.75% |
Volatility
NTRS vs. TD.TO - Volatility Comparison
Northern Trust Corporation (NTRS) has a higher volatility of 6.42% compared to The Toronto-Dominion Bank (TD.TO) at 5.09%. This indicates that NTRS'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.
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Volatility by Period
| NTRS | TD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 5.09% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 11.97% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 15.54% | +10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 18.38% | +11.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.40% | 20.44% | +9.96% |
Dividends
NTRS vs. TD.TO - Dividend Comparison
NTRS's dividend yield for the trailing twelve months is around 1.84%, less than TD.TO's 2.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTRS Northern Trust Corporation | 1.84% | 2.27% | 2.93% | 3.56% | 3.28% | 2.34% | 3.01% | 2.45% | 2.32% | 1.60% | 1.66% | 1.96% |
TD.TO The Toronto-Dominion Bank | 2.60% | 3.25% | 5.33% | 4.48% | 4.06% | 3.26% | 4.32% | 3.97% | 3.85% | 3.19% | 3.26% | 3.69% |
Financials
NTRS vs. TD.TO - Financials Comparison
This section allows you to compare key financial metrics between Northern Trust Corporation 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
NTRS vs. TD.TO - Profitability Comparison
NTRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported a gross profit of 2.12B and revenue of 3.61B. Therefore, the gross margin over that period was 58.8%.
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%.
NTRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported an operating income of 625.80M and revenue of 3.61B, resulting in an operating margin of 17.3%.
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%.
NTRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported a net income of 466.00M and revenue of 3.61B, resulting in a net margin of 12.9%.
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
NTRS and TD.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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