TD.TO vs. GWO.TO
TD.TO (The Toronto-Dominion Bank) and GWO.TO (Great-West Lifeco Inc.) are both stocks. Both are in the Financial Services sector — TD.TO in Banks - Diversified, GWO.TO in Insurance - Life. Over the past 10 years, TD.TO returned 15.57%/yr vs 14.28%/yr for GWO.TO. At a 0.48 correlation, their price movements are largely independent.
Performance
TD.TO vs. GWO.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 GWO.TO's 20.66% return. Over the past 10 years, TD.TO has outperformed GWO.TO with an annualized return of 15.57%, while GWO.TO has yielded a comparatively lower 14.28% 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%
GWO.TO
- 1D
- -2.10%
- 1M
- 5.99%
- YTD
- 20.66%
- 6M
- 28.10%
- 1Y
- 62.42%
- 3Y*
- 34.22%
- 5Y*
- 22.89%
- 10Y*
- 14.28%
TD.TO vs. GWO.TO - 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% |
GWO.TO Great-West Lifeco Inc. | 20.66% | 48.38% | 14.28% | 47.70% | -12.58% | 31.45% | -2.64% | 24.53% | -15.76% | 4.08% |
Correlation
The correlation between TD.TO and GWO.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.48 |
Over the past year, the correlation between TD.TO and GWO.TO has dropped to 0.19 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
Fundamentals
TD.TO:
CA$265.60B
GWO.TO:
CA$72.78B
TD.TO:
CA$8.81
GWO.TO:
CA$4.85
TD.TO:
18.10
GWO.TO:
16.53
TD.TO:
0.65
GWO.TO:
1.84
TD.TO:
2.40
GWO.TO:
2.13
TD.TO:
2.36
GWO.TO:
2.69
TD.TO:
CA$112.59B
GWO.TO:
CA$34.77B
TD.TO:
CA$59.48B
GWO.TO:
CA$15.81B
TD.TO:
CA$19.98B
GWO.TO:
CA$6.15B
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Return for Risk
TD.TO vs. GWO.TO — Risk / Return Rank
TD.TO
GWO.TO
TD.TO vs. GWO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Great-West Lifeco Inc. (GWO.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 | GWO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.68 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 10.77 | 5.08 | +5.68 |
| Martin ratioReturn relative to average drawdown | 45.21 | 19.12 | +26.09 |
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 | GWO.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.75 | 3.74 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 1.39 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.69 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.43 | +0.18 |
Drawdowns
TD.TO vs. GWO.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, smaller than the maximum GWO.TO drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for TD.TO and GWO.TO.
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Drawdown Indicators
| TD.TO | GWO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -67.52% | +15.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -12.34% | +5.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -12.82% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -27.64% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -44.96% | +9.16% |
Current DrawdownCurrent decline from peak | 0.00% | -2.10% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -11.31% | +4.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.27% | -1.68% |
Volatility
TD.TO vs. GWO.TO - Volatility Comparison
The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.24% compared to Great-West Lifeco Inc. (GWO.TO) at 4.68%. This indicates that TD.TO's price experiences larger fluctuations and is considered to be riskier than GWO.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 | GWO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 4.68% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 12.31% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 16.82% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 16.62% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 20.75% | -1.46% |
Dividends
TD.TO vs. GWO.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.67%, less than GWO.TO's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWO.TO Great-West Lifeco Inc. | 3.19% | 3.60% | 4.66% | 4.74% | 6.26% | 4.75% | 5.77% | 4.97% | 5.52% | 4.18% | 3.94% | 3.78% |
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. GWO.TO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Great-West Lifeco 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. GWO.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%.
GWO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a gross profit of 3.62B and revenue of 7.73B. Therefore, the gross margin over that period was 46.9%.
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%.
GWO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported an operating income of 1.61B and revenue of 7.73B, resulting in an operating margin of 20.8%.
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%.
GWO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Great-West Lifeco Inc. reported a net income of 1.24B and revenue of 7.73B, resulting in a net margin of 16.1%.
Frequently Asked Questions
TD.TO and GWO.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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