SPGI vs. TD.TO
SPGI (S&P Global Inc.) and TD.TO (The Toronto-Dominion Bank) are both stocks. Both are in the Financial Services sector — SPGI in Financial Data & Stock Exchanges, TD.TO in Banks - Diversified. Over the past 10 years, SPGI returned 15.70%/yr vs 15.09%/yr for TD.TO. At a 0.34 correlation, their price movements are largely independent.
Performance
SPGI vs. TD.TO - Performance Comparison
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Different Trading Currencies
SPGI 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, SPGI achieves a -19.47% return, which is significantly lower than TD.TO's 26.16% return. Both investments have delivered pretty close results over the past 10 years, with SPGI having a 15.70% annualized return and TD.TO not far behind at 15.09%.
SPGI
- 1D
- 1.35%
- 1M
- 3.28%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -16.50%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
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%
SPGI vs. TD.TO - 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.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 SPGI and TD.TO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.34 |
Over the past year, the correlation between SPGI and TD.TO has dropped to 0.11 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.
Fundamentals
SPGI:
$124.67B
TD.TO:
CA$273.16B
SPGI:
$15.79
TD.TO:
CA$8.81
SPGI:
26.53
TD.TO:
18.62
SPGI:
3.47
TD.TO:
0.67
SPGI:
8.06
TD.TO:
2.47
SPGI:
3.98
TD.TO:
2.42
SPGI:
$15.73B
TD.TO:
CA$112.59B
SPGI:
$8.15B
TD.TO:
CA$59.48B
SPGI:
$7.83B
TD.TO:
CA$19.98B
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Return for Risk
SPGI vs. TD.TO — Risk / Return Rank
SPGI
TD.TO
SPGI vs. TD.TO - 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.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.
| SPGI | TD.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.29 | ||
| Sortino ratioReturn per unit of downside risk | -6.31 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.79 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 9.96 | -10.51 |
| Martin ratioReturn relative to average drawdown | -1.03 | 39.77 | -40.80 |
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Drawdowns
SPGI vs. TD.TO - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, 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 SPGI and TD.TO.
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Drawdown Indicators
| SPGI | TD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -62.28% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -7.31% | -23.17% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -19.57% | -10.91% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -31.55% | -8.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -41.46% | +1.70% |
Current DrawdownCurrent decline from peak | -25.12% | 0.00% | -25.12% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -10.66% | -4.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 1.83% | +14.24% |
Volatility
SPGI vs. TD.TO - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 7.62% compared to The Toronto-Dominion Bank (TD.TO) at 5.09%. This indicates that SPGI'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
| SPGI | TD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.09% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 11.97% | +12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 15.54% | +12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 18.38% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 20.44% | +5.59% |
Dividends
SPGI vs. TD.TO - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.92%, less than TD.TO's 2.60% 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.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
SPGI vs. TD.TO - 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.TO - 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.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%.
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.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%.
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.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
SPGI and TD.TO have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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