TD.TO vs. BLK
TD.TO (The Toronto-Dominion Bank) and BLK (BlackRock, Inc.) are both stocks. Both are in the Financial Services sector — TD.TO in Banks - Diversified, BLK in Asset Management. Over the past 10 years, TD.TO returned 16.09%/yr vs 15.54%/yr for BLK. At a 0.43 correlation, their price movements are largely independent.
Performance
TD.TO vs. BLK - Performance Comparison
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Different Trading Currencies
TD.TO is traded in CAD, while BLK is traded in USD. To make them comparable, the BLK values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TD.TO achieves a 28.85% return, which is significantly higher than BLK's -0.42% return. Both investments have delivered pretty close results over the past 10 years, with TD.TO having a 16.09% annualized return and BLK not far behind at 15.54%.
TD.TO
- 1D
- 1.10%
- 1M
- 12.21%
- YTD
- 28.85%
- 6M
- 32.50%
- 1Y
- 76.53%
- 3Y*
- 33.03%
- 5Y*
- 18.47%
- 10Y*
- 16.09%
BLK
- 1D
- 1.81%
- 1M
- -3.14%
- YTD
- -0.42%
- 6M
- -2.71%
- 1Y
- 9.12%
- 3Y*
- 18.87%
- 5Y*
- 8.86%
- 10Y*
- 15.54%
TD.TO vs. BLK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 28.85% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | 11.66% | -4.57% | 15.15% |
BLK BlackRock, Inc. | -0.42% | 1.69% | 40.24% | 15.06% | -15.35% | 29.33% | 43.71% | 26.43% | -14.99% | 28.84% |
Correlation
The correlation between TD.TO and BLK is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.43 |
Fundamentals
TD.TO:
CA$273.16B
BLK:
$170.28B
TD.TO:
CA$8.81
BLK:
$38.89
TD.TO:
18.62
BLK:
26.53
TD.TO:
2.47
BLK:
6.46
TD.TO:
2.42
BLK:
3.00
TD.TO:
CA$112.59B
BLK:
$25.71B
TD.TO:
CA$59.48B
BLK:
$15.21B
TD.TO:
CA$19.98B
BLK:
$9.79B
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Return for Risk
TD.TO vs. BLK — Risk / Return Rank
TD.TO
BLK
TD.TO vs. BLK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and BlackRock, Inc. (BLK). 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.
| TD.TO | BLK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.72 | ||
| Sortino ratioReturn per unit of downside risk | +5.45 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.08 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | 0.37 | +11.15 |
| Martin ratioReturn relative to average drawdown | 48.39 | 0.82 | +47.58 |
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Drawdowns
TD.TO vs. BLK - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, roughly equal to the maximum BLK drawdown of -52.03%. Use the drawdown chart below to compare losses from any high point for TD.TO and BLK.
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Drawdown Indicators
| TD.TO | BLK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -52.03% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -24.90% | +18.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -25.28% | +10.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -38.61% | +12.55% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -38.61% | +2.81% |
Current DrawdownCurrent decline from peak | 0.00% | -13.16% | +13.16% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -11.89% | +4.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 11.21% | -9.62% |
Volatility
TD.TO vs. BLK - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.14%, while BlackRock, Inc. (BLK) has a volatility of 8.83%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD.TO | BLK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 8.83% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 20.45% | -8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 25.91% | -10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 27.31% | -10.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 28.44% | -9.15% |
Dividends
TD.TO vs. BLK - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.60%, more than BLK's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 2.12% | 1.95% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.08% | 1.95% | 2.41% | 2.56% |
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
TD.TO vs. BLK - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and BlackRock, Inc.. 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
TD.TO vs. BLK - Profitability Comparison
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%.
BLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a gross profit of 5.51B and revenue of 6.77B. Therefore, the gross margin over that period was 81.4%.
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%.
BLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported an operating income of 2.33B and revenue of 6.77B, resulting in an operating margin of 34.5%.
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%.
BLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a net income of 2.21B and revenue of 6.77B, resulting in a net margin of 32.7%.
Frequently Asked Questions
TD.TO and BLK have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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