TD.TO vs. FTS.TO
TD.TO (The Toronto-Dominion Bank) and FTS.TO (Fortis Inc.) are both stocks. TD.TO operates in Banks - Diversified (Financial Services), while FTS.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, TD.TO returned 16.09%/yr vs 10.80%/yr for FTS.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
TD.TO vs. FTS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TD.TO achieves a 28.85% return, which is significantly higher than FTS.TO's 13.43% return. Over the past 10 years, TD.TO has outperformed FTS.TO with an annualized return of 16.09%, while FTS.TO has yielded a comparatively lower 10.80% annualized return.
TD.TO
- 1D
- 1.10%
- 1M
- 10.59%
- YTD
- 28.85%
- 6M
- 32.50%
- 1Y
- 76.68%
- 3Y*
- 33.03%
- 5Y*
- 18.47%
- 10Y*
- 16.09%
FTS.TO
- 1D
- 0.99%
- 1M
- 5.79%
- YTD
- 13.43%
- 6M
- 15.37%
- 1Y
- 25.87%
- 3Y*
- 16.29%
- 5Y*
- 11.27%
- 10Y*
- 10.80%
TD.TO vs. FTS.TO - 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% |
FTS.TO Fortis Inc. | 13.43% | 23.93% | 14.24% | 4.76% | -7.87% | 21.81% | 0.04% | 22.71% | 2.74% | 15.29% |
Correlation
The correlation between TD.TO and FTS.TO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.24 |
The correlation between TD.TO and FTS.TO shifts across timeframes, from -0.05 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TD.TO:
CA$273.16B
FTS.TO:
CA$40.48B
TD.TO:
CA$8.81
FTS.TO:
CA$3.56
TD.TO:
18.62
FTS.TO:
22.34
TD.TO:
0.67
FTS.TO:
3.25
TD.TO:
2.47
FTS.TO:
3.30
TD.TO:
2.42
FTS.TO:
1.78
TD.TO:
CA$112.59B
FTS.TO:
CA$12.21B
TD.TO:
CA$59.48B
FTS.TO:
CA$3.98B
TD.TO:
CA$19.98B
FTS.TO:
CA$5.87B
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Return for Risk
TD.TO vs. FTS.TO — Risk / Return Rank
TD.TO
FTS.TO
TD.TO vs. FTS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Fortis Inc. (FTS.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.
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 | FTS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.06 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.36 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | 4.33 | +7.18 |
| Martin ratioReturn relative to average drawdown | 48.39 | 10.47 | +37.92 |
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Drawdowns
TD.TO vs. FTS.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, which is greater than FTS.TO's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for TD.TO and FTS.TO.
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Drawdown Indicators
| TD.TO | FTS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -28.27% | -24.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -6.09% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -10.97% | -4.07% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -24.01% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -28.27% | -7.53% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -5.71% | -1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.51% | -0.92% |
Volatility
TD.TO vs. FTS.TO - Volatility Comparison
The Toronto-Dominion Bank (TD.TO) and Fortis Inc. (FTS.TO) have volatilities of 5.14% and 4.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD.TO | FTS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 4.96% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 10.44% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 13.12% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 14.45% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 16.86% | +2.43% |
Dividends
TD.TO vs. FTS.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.60%, less than FTS.TO's 3.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTS.TO Fortis Inc. | 3.18% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
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. FTS.TO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Fortis 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. FTS.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%.
FTS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a gross profit of 933.00M and revenue of 3.38B. Therefore, the gross margin over that period was 27.6%.
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%.
FTS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported an operating income of 933.00M and revenue of 3.38B, resulting in an operating margin of 27.6%.
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%.
FTS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a net income of 523.00M and revenue of 3.38B, resulting in a net margin of 15.5%.
Frequently Asked Questions
TD.TO and FTS.TO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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