TD.TO vs. DFY.TO
TD.TO (The Toronto-Dominion Bank) and DFY.TO (Definity Financial Corp) are both stocks. Both are in the Financial Services sector — TD.TO in Banks - Diversified, DFY.TO in Insurance - Property & Casualty. Over the past 3 years, TD.TO returned 32.19%/yr vs 26.58%/yr for DFY.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
TD.TO vs. DFY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TD.TO achieves a 25.29% return, which is significantly higher than DFY.TO's -7.17% 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%
DFY.TO
- 1D
- 2.57%
- 1M
- 2.45%
- YTD
- -7.17%
- 6M
- -0.04%
- 1Y
- -4.42%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
TD.TO vs. DFY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 25.29% | 77.06% | -6.05% | 2.34% | -6.01% | 4.78% |
DFY.TO Definity Financial Corp | -7.17% | 31.30% | 57.75% | -0.94% | 32.39% | 5.46% |
Correlation
The correlation between TD.TO and DFY.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021 | 0.19 |
Fundamentals
TD.TO:
CA$265.60B
DFY.TO:
CA$8.56B
TD.TO:
CA$8.81
DFY.TO:
CA$3.24
TD.TO:
18.10
DFY.TO:
21.68
TD.TO:
0.65
DFY.TO:
1.33
TD.TO:
2.40
DFY.TO:
1.50
TD.TO:
2.36
DFY.TO:
2.10
TD.TO:
CA$112.59B
DFY.TO:
CA$5.62B
TD.TO:
CA$59.48B
DFY.TO:
CA$2.65B
TD.TO:
CA$19.98B
DFY.TO:
CA$733.60M
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Return for Risk
TD.TO vs. DFY.TO — Risk / Return Rank
TD.TO
DFY.TO
TD.TO vs. DFY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Definity Financial Corp (DFY.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.TO | DFY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.95 | ||
| Sortino ratioReturn per unit of downside risk | +5.91 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 0.99 | +0.84 |
| Calmar ratioReturn relative to maximum drawdown | 10.77 | -0.21 | +10.98 |
| Martin ratioReturn relative to average drawdown | 45.21 | -0.38 | +45.59 |
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 | DFY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.75 | -0.20 | +4.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.06 | -0.45 |
Drawdowns
TD.TO vs. DFY.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, which is greater than DFY.TO's maximum drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for TD.TO and DFY.TO.
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Drawdown Indicators
| TD.TO | DFY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -20.98% | -31.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -20.98% | +14.30% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -20.98% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.74% | +10.74% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -6.38% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 11.76% | -10.17% |
Volatility
TD.TO vs. DFY.TO - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.24%, while Definity Financial Corp (DFY.TO) has a volatility of 8.76%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than DFY.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.TO | DFY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 8.76% | -3.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 17.93% | -6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 22.40% | -7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 23.51% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 23.51% | -4.22% |
Dividends
TD.TO vs. DFY.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.67%, more than DFY.TO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFY.TO Definity Financial Corp | 1.11% | 0.99% | 1.09% | 1.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. DFY.TO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Definity Financial Corp. 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. DFY.TO - 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%.
DFY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported a gross profit of 1.92B and revenue of 1.92B. Therefore, the gross margin over that period was 100.0%.
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%.
DFY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported an operating income of 92.20M and revenue of 1.92B, resulting in an operating margin of 4.8%.
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%.
DFY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported a net income of 63.90M and revenue of 1.92B, resulting in a net margin of 3.3%.
Frequently Asked Questions
TD.TO and DFY.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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