SPGI vs. TD
SPGI (S&P Global Inc.) and TD (The Toronto-Dominion Bank) are both stocks. Both are in the Financial Services sector — SPGI in Financial Data & Stock Exchanges, TD in Banks - Diversified. Over the past 10 years, SPGI returned 15.70%/yr vs 15.16%/yr for TD. At a 0.38 correlation, their price movements are largely independent.
Performance
SPGI vs. TD - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -19.47% return, which is significantly lower than TD's 26.58% return. Both investments have delivered pretty close results over the past 10 years, with SPGI having a 15.70% annualized return and TD not far behind at 15.16%.
SPGI
- 1D
- 1.35%
- 1M
- 4.15%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -15.77%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
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%
SPGI vs. TD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -19.47% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
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 SPGI and TD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.38 |
Over the past year, the correlation between SPGI and TD has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
SPGI:
$124.67B
TD:
$143.77B
SPGI:
$15.79
TD:
CA$10.11
SPGI:
26.53
TD:
16.22
SPGI:
3.47
TD:
0.58
SPGI:
8.06
TD:
2.15
SPGI:
3.98
TD:
1.78
SPGI:
$15.73B
TD:
CA$112.63B
SPGI:
$8.15B
TD:
CA$59.49B
SPGI:
$7.83B
TD:
CA$19.99B
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Return for Risk
SPGI vs. TD — Risk / Return Rank
SPGI
TD
SPGI vs. TD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.
| SPGI | TD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.96 | ||
| Sortino ratioReturn per unit of downside risk | -6.08 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.71 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 9.63 | -10.17 |
| Martin ratioReturn relative to average drawdown | -1.03 | 37.58 | -38.61 |
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Drawdowns
SPGI vs. TD - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, which is greater than TD's maximum drawdown of -64.18%. Use the drawdown chart below to compare losses from any high point for SPGI and TD.
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Drawdown Indicators
| SPGI | TD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -64.18% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -7.50% | -22.98% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -19.19% | -11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -30.93% | -8.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -41.98% | +2.22% |
Current DrawdownCurrent decline from peak | -25.12% | 0.00% | -25.12% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -11.22% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 1.92% | +14.15% |
Volatility
SPGI vs. TD - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 7.62% compared to The Toronto-Dominion Bank (TD) at 5.00%. This indicates that SPGI'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
| SPGI | TD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.00% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 12.55% | +11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 16.57% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 19.83% | +4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 21.72% | +4.31% |
Dividends
SPGI vs. TD - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.92%, less than TD's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | 0.92% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
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
SPGI vs. TD - Financials Comparison
This section allows you to compare key financial metrics between S&P Global 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
SPGI vs. TD - Profitability Comparison
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
TD - 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 14.90B and revenue of 27.02B. Therefore, the gross margin over that period was 55.2%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
TD - 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 5.02B and revenue of 27.02B, resulting in an operating margin of 18.6%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
TD - 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 27.02B, resulting in a net margin of 15.7%.
Frequently Asked Questions
SPGI and TD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (7.62%) compared to TD (5.00%). In terms of maximum drawdown, SPGI dropped -74.67% vs TD's -64.18%.
TD currently has the higher Sharpe Ratio (4.36 vs -0.60), 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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