RY vs. TD
Compare and contrast key facts about Royal Bank of Canada (RY) and The Toronto-Dominion Bank (TD).
Performance
RY vs. TD - Performance Comparison
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RY vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RY Royal Bank of Canada | -4.43% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
TD The Toronto-Dominion Bank | -0.12% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
Fundamentals
RY:
$166.45B
TD:
$115.37B
RY:
$15.98
TD:
$13.59
RY:
10.12
TD:
6.87
RY:
1.47
TD:
0.25
RY:
1.55
TD:
1.31
RY:
1.29
TD:
1.01
RY:
$137.63B
TD:
$114.07B
RY:
$63.36B
TD:
$58.26B
RY:
$29.23B
TD:
$27.61B
Returns By Period
In the year-to-date period, RY achieves a -4.43% return, which is significantly lower than TD's -0.12% return. Over the past 10 years, RY has outperformed TD with an annualized return of 15.24%, while TD has yielded a comparatively lower 12.67% annualized return.
RY
- 1D
- 2.49%
- 1M
- -3.26%
- YTD
- -4.43%
- 6M
- 11.43%
- 1Y
- 48.21%
- 3Y*
- 23.86%
- 5Y*
- 16.15%
- 10Y*
- 15.24%
TD
- 1D
- 1.92%
- 1M
- -4.16%
- YTD
- -0.12%
- 6M
- 18.79%
- 1Y
- 62.21%
- 3Y*
- 21.66%
- 5Y*
- 12.14%
- 10Y*
- 12.67%
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Return for Risk
RY vs. TD — Risk / Return Rank
RY
TD
RY vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) 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.
| RY | TD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.91 | 3.71 | -0.80 |
Sortino ratioReturn per unit of downside risk | 4.05 | 4.70 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.63 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.88 | 8.17 | -3.29 |
Martin ratioReturn relative to average drawdown | 18.67 | 30.44 | -11.78 |
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
| RY | TD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 3.71 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.62 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.59 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.58 | +0.05 |
Correlation
The correlation between RY and TD is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RY vs. TD - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.78%, less than TD's 3.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RY Royal Bank of Canada | 2.78% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
TD The Toronto-Dominion Bank | 3.26% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Drawdowns
RY vs. TD - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, roughly equal to the maximum TD drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for RY and TD.
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Drawdown Indicators
| RY | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -64.18% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -7.50% | -2.54% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -30.93% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -41.98% | +2.03% |
Current DrawdownCurrent decline from peak | -7.80% | -5.54% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -11.30% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.01% | +0.61% |
Volatility
RY vs. TD - Volatility Comparison
The current volatility for Royal Bank of Canada (RY) is 5.19%, while The Toronto-Dominion Bank (TD) has a volatility of 6.04%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky 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
| RY | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 6.04% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 12.00% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.65% | 16.87% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 19.66% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 21.66% | -1.85% |
Financials
RY vs. TD - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada 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
RY vs. TD - Profitability Comparison
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Royal Bank of Canada reported a gross profit of 16.86B and revenue of 35.50B. Therefore, the gross margin over that period was 47.5%.
TD - 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 15.17B and revenue of 28.14B. Therefore, the gross margin over that period was 53.9%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Royal Bank of Canada reported an operating income of 7.42B and revenue of 35.50B, resulting in an operating margin of 20.9%.
TD - 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 5.18B and revenue of 28.14B, resulting in an operating margin of 18.4%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Royal Bank of Canada reported a net income of 5.79B and revenue of 35.50B, resulting in a net margin of 16.3%.
TD - 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 4.05B and revenue of 28.14B, resulting in a net margin of 14.4%.