TD.TO vs. CBOE
TD.TO (The Toronto-Dominion Bank) and CBOE (Cboe Global Markets, Inc.) are both stocks. Both are in the Financial Services sector — TD.TO in Banks - Diversified, CBOE in Financial Data & Stock Exchanges. Over the past 10 years, TD.TO returned 15.57%/yr vs 18.46%/yr for CBOE. At a 0.16 correlation, their price movements are largely independent.
Performance
TD.TO vs. CBOE - Performance Comparison
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Different Trading Currencies
TD.TO is traded in CAD, while CBOE is traded in USD. To make them comparable, the CBOE 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 CBOE's 14.24% return. Over the past 10 years, TD.TO has underperformed CBOE with an annualized return of 15.57%, while CBOE has yielded a comparatively higher 18.46% 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%
CBOE
- 1D
- -0.29%
- 1M
- -17.74%
- YTD
- 14.24%
- 6M
- 12.09%
- 1Y
- 29.83%
- 3Y*
- 29.83%
- 5Y*
- 24.77%
- 10Y*
- 18.46%
TD.TO vs. CBOE - 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% |
CBOE Cboe Global Markets, Inc. | 14.24% | 24.03% | 20.12% | 40.93% | 4.04% | 42.16% | -23.04% | 19.04% | -13.92% | 58.94% |
Correlation
The correlation between TD.TO and CBOE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jun 15, 2010 | 0.16 |
The correlation between TD.TO and CBOE shifts across timeframes, from -0.06 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TD.TO:
CA$265.60B
CBOE:
$29.43B
TD.TO:
CA$8.81
CBOE:
$11.77
TD.TO:
18.10
CBOE:
23.83
TD.TO:
0.65
CBOE:
0.44
TD.TO:
2.40
CBOE:
6.14
TD.TO:
2.36
CBOE:
5.48
TD.TO:
CA$112.59B
CBOE:
$4.79B
TD.TO:
CA$59.48B
CBOE:
$2.50B
TD.TO:
CA$19.98B
CBOE:
$1.87B
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Return for Risk
TD.TO vs. CBOE — Risk / Return Rank
TD.TO
CBOE
TD.TO vs. CBOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Cboe Global Markets, Inc. (CBOE). 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 | CBOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.67 | ||
| Sortino ratioReturn per unit of downside risk | +4.24 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.21 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 10.77 | 1.24 | +9.53 |
| Martin ratioReturn relative to average drawdown | 45.21 | 6.07 | +39.14 |
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 | CBOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.75 | 1.09 | +3.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 1.03 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.71 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.71 | -0.10 |
Drawdowns
TD.TO vs. CBOE - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, which is greater than CBOE's maximum drawdown of -39.92%. Use the drawdown chart below to compare losses from any high point for TD.TO and CBOE.
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Drawdown Indicators
| TD.TO | CBOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -39.92% | -12.50% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -24.18% | +17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -24.18% | +9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -24.18% | -1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -38.41% | +2.61% |
Current DrawdownCurrent decline from peak | 0.00% | -22.29% | +22.29% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -10.89% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 4.93% | -3.34% |
Volatility
TD.TO vs. CBOE - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.24%, while Cboe Global Markets, Inc. (CBOE) has a volatility of 15.66%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than CBOE 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 | CBOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 15.66% | -10.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 24.05% | -12.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 27.61% | -12.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 24.20% | -7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 26.13% | -6.84% |
Dividends
TD.TO vs. CBOE - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.67%, more than CBOE's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBOE Cboe Global Markets, Inc. | 1.03% | 1.08% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.83% | 1.30% | 1.36% |
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. CBOE - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Cboe Global Markets, 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. CBOE - 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%.
CBOE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a gross profit of 669.90M and revenue of 1.27B. Therefore, the gross margin over that period was 52.6%.
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%.
CBOE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported an operating income of 505.60M and revenue of 1.27B, resulting in an operating margin of 39.7%.
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%.
CBOE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cboe Global Markets, Inc. reported a net income of 385.70M and revenue of 1.27B, resulting in a net margin of 30.3%.
Frequently Asked Questions
TD.TO and CBOE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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