TD.TO vs. BNY
TD.TO (The Toronto-Dominion Bank) and BNY (The Bank of New York Mellon Corporation) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, TD.TO returned 16.09%/yr vs 17.58%/yr for BNY. At a 0.45 correlation, their price movements are largely independent.
Performance
TD.TO vs. BNY - Performance Comparison
Loading charts...
Different Trading Currencies
TD.TO is traded in CAD, while BNY is traded in USD. To make them comparable, the BNY values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with TD.TO having a 28.85% return and BNY slightly lower at 27.74%. Over the past 10 years, TD.TO has underperformed BNY with an annualized return of 16.09%, while BNY has yielded a comparatively higher 17.58% annualized return.
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%
BNY
- 1D
- 1.62%
- 1M
- 8.92%
- YTD
- 27.74%
- 6M
- 25.97%
- 1Y
- 67.36%
- 3Y*
- 54.56%
- 5Y*
- 30.57%
- 10Y*
- 17.58%
TD.TO vs. BNY - 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% |
BNY The Bank of New York Mellon Corporation | 27.74% | 47.40% | 64.76% | 15.70% | -14.02% | 40.48% | -14.97% | 5.04% | -3.35% | 7.84% |
Correlation
The correlation between TD.TO and BNY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.45 |
Fundamentals
TD.TO:
CA$273.16B
BNY:
$100.52B
TD.TO:
CA$8.81
BNY:
$8.43
TD.TO:
18.62
BNY:
17.07
TD.TO:
0.67
BNY:
0.84
TD.TO:
2.47
BNY:
2.50
TD.TO:
2.42
BNY:
2.55
TD.TO:
CA$112.59B
BNY:
$40.65B
TD.TO:
CA$59.48B
BNY:
$20.54B
TD.TO:
CA$19.98B
BNY:
$8.96B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TD.TO vs. BNY — Risk / Return Rank
TD.TO
BNY
TD.TO vs. BNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and The Bank of New York Mellon Corporation (BNY). 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 | BNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.53 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | 6.45 | +5.07 |
| Martin ratioReturn relative to average drawdown | 48.39 | 19.00 | +29.39 |
Loading charts...
Drawdowns
TD.TO vs. BNY - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, smaller than the maximum BNY drawdown of -60.17%. Use the drawdown chart below to compare losses from any high point for TD.TO and BNY.
Loading charts...
Drawdown Indicators
| TD.TO | BNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -60.17% | +7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -10.50% | +3.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -19.65% | +4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -35.36% | +9.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -45.57% | +9.77% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -17.77% | +10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.56% | -1.97% |
Volatility
TD.TO vs. BNY - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.14%, while The Bank of New York Mellon Corporation (BNY) has a volatility of 6.06%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than BNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TD.TO | BNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 6.06% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 16.39% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 20.38% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 25.40% | -8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 27.87% | -8.58% |
Dividends
TD.TO vs. BNY - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.60%, more than BNY's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNY The Bank of New York Mellon Corporation | 1.47% | 1.72% | 2.32% | 3.04% | 3.12% | 2.24% | 2.92% | 2.34% | 2.21% | 1.60% | 1.52% | 1.65% |
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. BNY - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and The Bank of New York Mellon Corporation. 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. BNY - 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%.
BNY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a gross profit of 5.42B and revenue of 9.86B. Therefore, the gross margin over that period was 54.9%.
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%.
BNY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported an operating income of 2.02B and revenue of 9.86B, resulting in an operating margin of 20.4%.
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%.
BNY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of New York Mellon Corporation reported a net income of 1.63B and revenue of 9.86B, resulting in a net margin of 16.6%.
Frequently Asked Questions
TD.TO and BNY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for TD.TO and BNY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer