RVT vs. TD
RVT (Royce Value Trust Inc.) and TD (The Toronto-Dominion Bank) are both stocks. Both are in the Financial Services sector — RVT in Asset Management, TD in Banks - Diversified. Over the past 10 years, RVT returned 13.17%/yr vs 15.16%/yr for TD. At a 0.48 correlation, their price movements are largely independent.
Performance
RVT vs. TD - Performance Comparison
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Returns By Period
In the year-to-date period, RVT achieves a 15.52% return, which is significantly lower than TD's 26.58% return. Over the past 10 years, RVT has underperformed TD with an annualized return of 13.17%, while TD has yielded a comparatively higher 15.16% annualized return.
RVT
- 1D
- 2.22%
- 1M
- 1.41%
- YTD
- 15.52%
- 6M
- 15.09%
- 1Y
- 33.77%
- 3Y*
- 19.04%
- 5Y*
- 7.50%
- 10Y*
- 13.17%
TD
- 1D
- 0.93%
- 1M
- 9.00%
- YTD
- 26.58%
- 6M
- 30.43%
- 1Y
- 71.79%
- 3Y*
- 31.09%
- 5Y*
- 15.31%
- 10Y*
- 15.16%
RVT vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RVT Royce Value Trust Inc. | 15.52% | 11.54% | 17.93% | 18.79% | -26.25% | 32.66% | 18.16% | 35.41% | -20.70% | 30.63% |
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 RVT and TD is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.48 |
The correlation between RVT and TD has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
Fundamentals
RVT:
$2.16B
TD:
$143.77B
RVT:
$4.02
TD:
CA$10.11
RVT:
4.47
TD:
16.22
RVT:
12.65
TD:
2.15
RVT:
1.00
TD:
1.78
RVT:
$170.31M
TD:
CA$112.63B
RVT:
$304.06M
TD:
CA$59.49B
RVT:
$439.27M
TD:
CA$19.99B
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Return for Risk
RVT vs. TD — Risk / Return Rank
RVT
TD
RVT vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royce Value Trust Inc. (RVT) 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.
| RVT | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.65 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.71 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 9.63 | -7.05 |
| Martin ratioReturn relative to average drawdown | 9.08 | 37.58 | -28.50 |
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Drawdowns
RVT vs. TD - Drawdown Comparison
The maximum RVT drawdown since its inception was -72.34%, which is greater than TD's maximum drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for RVT and TD.
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Drawdown Indicators
| RVT | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.34% | -64.18% | -8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -7.50% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.48% | -19.19% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -32.79% | -30.93% | -1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -47.18% | -41.98% | -5.20% |
Current DrawdownCurrent decline from peak | -2.59% | 0.00% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -11.22% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.92% | +1.54% |
Volatility
RVT vs. TD - Volatility Comparison
Royce Value Trust Inc. (RVT) has a higher volatility of 6.60% compared to The Toronto-Dominion Bank (TD) at 5.00%. This indicates that RVT'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
| RVT | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 5.00% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 13.90% | 12.55% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 16.57% | +1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 19.83% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.99% | 21.72% | +1.27% |
Dividends
RVT vs. TD - Dividend Comparison
RVT's dividend yield for the trailing twelve months is around 8.02%, more than TD's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RVT Royce Value Trust Inc. | 8.02% | 8.82% | 8.04% | 7.35% | 9.95% | 8.52% | 6.44% | 7.45% | 10.68% | 7.17% | 7.62% | 10.54% |
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
RVT vs. TD - Financials Comparison
This section allows you to compare key financial metrics between Royce Value Trust Inc. 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
RVT and TD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVT has higher volatility (6.60%) compared to TD (5.00%). In terms of maximum drawdown, RVT dropped -72.34% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.36 vs 1.71), 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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