TD.TO vs. CAH
TD.TO (The Toronto-Dominion Bank) and CAH (Cardinal Health, Inc.) are both stocks. TD.TO operates in Banks - Diversified (Financial Services), while CAH operates in Medical Distribution (Healthcare). Over the past 10 years, TD.TO returned 15.57%/yr vs 14.23%/yr for CAH. At a 0.27 correlation, their price movements are largely independent.
Performance
TD.TO vs. CAH - Performance Comparison
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Different Trading Currencies
TD.TO is traded in CAD, while CAH is traded in USD. To make them comparable, the CAH 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 25.29% return, which is significantly higher than CAH's 1.82% return. Over the past 10 years, TD.TO has outperformed CAH with an annualized return of 15.57%, while CAH has yielded a comparatively lower 14.23% annualized return.
TD.TO
- 1D
- 1.10%
- 1M
- 8.52%
- YTD
- 25.29%
- 6M
- 32.68%
- 1Y
- 71.58%
- 3Y*
- 32.19%
- 5Y*
- 17.78%
- 10Y*
- 15.57%
CAH
- 1D
- -0.32%
- 1M
- 13.65%
- YTD
- 1.82%
- 6M
- 4.14%
- 1Y
- 36.38%
- 3Y*
- 37.23%
- 5Y*
- 35.16%
- 10Y*
- 14.23%
TD.TO vs. CAH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 25.29% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | 11.66% | -4.57% | 15.15% |
CAH Cardinal Health, Inc. | 1.82% | 68.20% | 29.09% | 30.95% | 63.84% | -0.45% | 7.48% | 13.18% | -18.15% | -18.56% |
Correlation
The correlation between TD.TO and CAH is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.27 |
Over the past year, the correlation between TD.TO and CAH has dropped to 0.04 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
Fundamentals
TD.TO:
CA$265.60B
CAH:
$48.26B
TD.TO:
CA$8.81
CAH:
$6.55
TD.TO:
18.10
CAH:
31.22
TD.TO:
0.65
CAH:
0.74
TD.TO:
2.40
CAH:
0.19
TD.TO:
CA$112.59B
CAH:
$250.55B
TD.TO:
CA$59.48B
CAH:
$9.23B
TD.TO:
CA$19.98B
CAH:
$2.79B
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Return for Risk
TD.TO vs. CAH — Risk / Return Rank
TD.TO
CAH
TD.TO vs. CAH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Cardinal Health, Inc. (CAH). 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.TO | CAH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.75 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.27 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 10.77 | 1.80 | +8.97 |
| Martin ratioReturn relative to average drawdown | 45.21 | 4.87 | +40.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TD.TO | CAH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.75 | 1.20 | +3.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 1.36 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.48 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.34 | +0.27 |
Drawdowns
TD.TO vs. CAH - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, smaller than the maximum CAH drawdown of -67.64%. Use the drawdown chart below to compare losses from any high point for TD.TO and CAH.
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Drawdown Indicators
| TD.TO | CAH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -67.64% | +15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -20.33% | +13.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -20.33% | +5.29% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -21.23% | -4.83% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -46.65% | +10.85% |
Current DrawdownCurrent decline from peak | 0.00% | -9.03% | +9.03% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -26.79% | +19.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 7.49% | -5.90% |
Volatility
TD.TO vs. CAH - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.24%, while Cardinal Health, Inc. (CAH) has a volatility of 6.86%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than CAH 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 | CAH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 6.86% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 20.26% | -8.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 30.53% | -15.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 26.00% | -8.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 29.76% | -10.47% |
Dividends
TD.TO vs. CAH - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.67%, more than CAH's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAH Cardinal Health, Inc. | 1.00% | 0.99% | 1.28% | 1.98% | 2.57% | 3.80% | 3.62% | 3.80% | 4.24% | 3.00% | 2.41% | 1.68% |
TD.TO The Toronto-Dominion Bank | 2.67% | 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. CAH - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Cardinal Health, 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. CAH - 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%.
CAH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a gross profit of 2.50B and revenue of 60.94B. Therefore, the gross margin over that period was 4.1%.
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%.
CAH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported an operating income of 509.00M and revenue of 60.94B, resulting in an operating margin of 0.8%.
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%.
CAH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cardinal Health, Inc. reported a net income of 399.00M and revenue of 60.94B, resulting in a net margin of 0.7%.
Frequently Asked Questions
TD.TO and CAH have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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