TD.TO vs. LB.TO
TD.TO (The Toronto-Dominion Bank) and LB.TO (Laurentian Bank of Canada) are both stocks. Both are in the Financial Services sector — TD.TO in Banks - Diversified, LB.TO in Banks - Regional. Over the past 10 years, TD.TO returned 16.58%/yr vs 3.41%/yr for LB.TO. At a 0.47 correlation, their price movements are largely independent.
Performance
TD.TO vs. LB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TD.TO achieves a 33.00% return, which is significantly higher than LB.TO's 2.85% return. Over the past 10 years, TD.TO has outperformed LB.TO with an annualized return of 16.58%, while LB.TO has yielded a comparatively lower 3.41% annualized return.
TD.TO
- 1D
- -0.32%
- 1M
- 8.13%
- YTD
- 33.00%
- 6M
- 33.21%
- 1Y
- 78.02%
- 3Y*
- 35.49%
- 5Y*
- 19.10%
- 10Y*
- 16.58%
LB.TO
- 1D
- 0.05%
- 1M
- 0.30%
- YTD
- 2.85%
- 6M
- 2.85%
- 1Y
- 38.70%
- 3Y*
- 15.10%
- 5Y*
- 3.64%
- 10Y*
- 3.41%
TD.TO vs. LB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 33.00% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | 11.66% | -4.57% | 15.15% |
LB.TO Laurentian Bank of Canada | 2.85% | 48.25% | 11.32% | -9.82% | -15.45% | 33.93% | -25.22% | 23.86% | -28.54% | 2.23% |
Correlation
The correlation between TD.TO and LB.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2006 | 0.47 |
Over the past year, the correlation between TD.TO and LB.TO has dropped to 0.16 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
Fundamentals
TD.TO:
CA$281.95B
LB.TO:
CA$1.81B
TD.TO:
CA$8.81
LB.TO:
CA$0.63
TD.TO:
19.22
LB.TO:
64.78
TD.TO:
0.69
LB.TO:
0.94
TD.TO:
2.55
LB.TO:
0.88
TD.TO:
2.50
LB.TO:
0.72
TD.TO:
CA$112.59B
LB.TO:
CA$2.05B
TD.TO:
CA$59.48B
LB.TO:
CA$667.17M
TD.TO:
CA$19.98B
LB.TO:
CA$47.57M
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Return for Risk
TD.TO vs. LB.TO — Risk / Return Rank
TD.TO
LB.TO
TD.TO vs. LB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Laurentian Bank of Canada (LB.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 | LB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.89 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 11.74 | 10.04 | +1.70 |
| Martin ratioReturn relative to average drawdown | 49.33 | 33.69 | +15.64 |
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Drawdowns
TD.TO vs. LB.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, which is greater than LB.TO's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for TD.TO and LB.TO.
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Drawdown Indicators
| TD.TO | LB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -49.49% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -3.87% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -41.38% | +26.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -41.38% | +15.32% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -49.49% | +13.69% |
Current DrawdownCurrent decline from peak | -0.32% | 0.00% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -15.23% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.15% | +0.44% |
Volatility
TD.TO vs. LB.TO - Volatility Comparison
The Toronto-Dominion Bank (TD.TO) has a higher volatility of 4.58% compared to Laurentian Bank of Canada (LB.TO) at 0.80%. This indicates that TD.TO's price experiences larger fluctuations and is considered to be riskier than LB.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 | LB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 0.80% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 1.94% | +9.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 21.12% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 26.40% | -9.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 26.01% | -6.73% |
Dividends
TD.TO vs. LB.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.52%, less than LB.TO's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LB.TO Laurentian Bank of Canada | 4.64% | 4.67% | 6.49% | 5.02% | 5.57% | 4.08% | 5.99% | 5.94% | 6.72% | 4.39% | 4.14% | 4.64% |
TD.TO The Toronto-Dominion Bank | 2.52% | 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. LB.TO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Laurentian Bank of Canada. 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. LB.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%.
LB.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported a gross profit of 114.22M and revenue of 453.55M. Therefore, the gross margin over that period was 25.2%.
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%.
LB.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported an operating income of -32.71M and revenue of 453.55M, resulting in an operating margin of -7.2%.
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%.
LB.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported a net income of -20.59M and revenue of 453.55M, resulting in a net margin of -4.5%.
Frequently Asked Questions
TD.TO and LB.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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