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TD.TO vs. BND.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TD.TO vs. BND.TO

Last updated Jun 4, 2026

TD.TO (The Toronto-Dominion Bank) is a stock, while BND.TO (Purpose Global Bond Fund) is fund fund. Over the past 10 years, TD.TO returned 15.24%/yr vs 3.00%/yr for BND.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

TD.TO vs. BND.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in The Toronto-Dominion Bank (TD.TO) and Purpose Global Bond Fund (BND.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TD.TO achieves a 22.75% return, which is significantly higher than BND.TO's 0.89% return. Over the past 10 years, TD.TO has outperformed BND.TO with an annualized return of 15.24%, while BND.TO has yielded a comparatively lower 3.00% annualized return.

TD.TO

1D
-0.26%
1M
8.09%
YTD
22.75%
6M
34.91%
1Y
68.68%
3Y*
31.42%
5Y*
17.14%
10Y*
15.24%

BND.TO

1D
-0.28%
1M
0.77%
YTD
0.89%
6M
1.18%
1Y
6.14%
3Y*
7.22%
5Y*
3.27%
10Y*
3.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TD.TO vs. BND.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TD.TO
The Toronto-Dominion Bank		22.75%77.06%-6.05%2.34%-6.01%40.15%3.72%11.66%-4.57%15.15%
BND.TO
Purpose Global Bond Fund		0.89%7.23%7.49%8.45%-7.80%2.85%6.14%4.16%-0.91%1.72%

Correlation

The correlation between TD.TO and BND.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.14

Correlation (5Y)
Calculated over the trailing 5-year period

0.16

Correlation (10Y)
Calculated over the trailing 10-year period

0.10

Correlation (All Time)
Calculated using the full available price history since Oct 29, 2015

0.09

The correlation between TD.TO and BND.TO shifts across timeframes, from 0.09 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The Toronto-Dominion Bank

Purpose Global Bond Fund

Often compared with TD.TO:
TD.TO vs. RY.TOTD.TO vs. VDY.TOTD.TO vs. ENB.TOTD.TO vs. BNS.TOTD.TO vs. RYTD.TO vs. CM.TOTD.TO vs. DGS.TO
Often compared with BND.TO:
BND.TO vs. SGOVBND.TO vs. SCHDBND.TO vs. SPYBND.TO vs. JEPIBND.TO vs. BNDBND.TO vs. SCHIBND.TO vs. FALN

Return for Risk

TD.TO vs. BND.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TD.TO
TD.TO Risk / Return Rank: 9898
Overall Rank
TD.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
TD.TO Sortino Ratio Rank: 9898
Sortino Ratio Rank
TD.TO Omega Ratio Rank: 9898
Omega Ratio Rank
TD.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
TD.TO Martin Ratio Rank: 9999
Martin Ratio Rank
BND.TO
BND.TO Risk / Return Rank: 5555
Overall Rank
BND.TO Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
BND.TO Sortino Ratio Rank: 6161
Sortino Ratio Rank
BND.TO Omega Ratio Rank: 6161
Omega Ratio Rank
BND.TO Calmar Ratio Rank: 4343
Calmar Ratio Rank
BND.TO Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TD.TO vs. BND.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Purpose Global Bond Fund (BND.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.

TD.TOBND.TODifference
Sharpe ratioReturn per unit of total volatility
4.57
2.02

+2.55

Sortino ratioReturn per unit of downside risk
5.58
2.93

+2.64

Omega ratioGain probability vs. loss probability

1.79

1.38

+0.41

Calmar ratioReturn relative to maximum drawdown

10.33

2.17

+8.16

Martin ratioReturn relative to average drawdown

43.37

8.87

+34.50

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TD.TO vs. BND.TO - Sharpe Ratio Comparison

The current TD.TO Sharpe Ratio is 4.57, which is higher than the BND.TO Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of TD.TO and BND.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TD.TOBND.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.57

2.02

+2.55

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.64

+0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

0.59

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.61

-0.27

Drawdowns

TD.TO vs. BND.TO - Drawdown Comparison

The maximum TD.TO drawdown since its inception was -78.81%, which is greater than BND.TO's maximum drawdown of -16.55%. Use the drawdown chart below to compare losses from any high point for TD.TO and BND.TO.

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Drawdown Indicators

TD.TOBND.TODifference

Max Drawdown

Largest peak-to-trough decline

-78.81%

-16.55%

-62.26%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-2.84%

-3.84%

Max Drawdown (3Y)

Largest decline over 3 years

-15.04%

-4.46%

-10.58%

Max Drawdown (5Y)

Largest decline over 5 years

-26.06%

-12.23%

-13.83%

Max Drawdown (10Y)

Largest decline over 10 years

-35.80%

-16.55%

-19.25%

Current Drawdown

Current decline from peak

-0.96%

-0.45%

-0.51%

Average Drawdown

Average peak-to-trough decline

-14.67%

-2.07%

-12.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

0.69%

+0.90%

Volatility

TD.TO vs. BND.TO - Volatility Comparison

The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.74% compared to Purpose Global Bond Fund (BND.TO) at 1.35%. This indicates that TD.TO's price experiences larger fluctuations and is considered to be riskier than BND.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TD.TOBND.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.74%

1.35%

+4.39%

Volatility (6M)

Calculated over the trailing 6-month period

11.97%

2.52%

+9.45%

Volatility (1Y)

Calculated over the trailing 1-year period

15.15%

3.06%

+12.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.15%

5.10%

+12.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.29%

5.15%

+14.14%

Dividends

TD.TO vs. BND.TO - Dividend Comparison

TD.TO's dividend yield for the trailing twelve months is around 2.73%, less than BND.TO's 5.86% yield.

PositionTTM20252024202320222021202020192018201720162015
BND.TO
Purpose Global Bond Fund		5.86%5.70%5.24%5.20%4.14%3.89%3.48%3.11%3.96%3.47%3.26%0.53%
TD.TO
The Toronto-Dominion Bank		2.73%3.25%5.33%4.48%4.06%3.26%4.32%3.97%3.85%3.19%3.26%3.69%

Frequently Asked Questions

TD.TO and BND.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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