TD.TO vs. SLF.TO
TD.TO (The Toronto-Dominion Bank) and SLF.TO (Sun Life Financial Inc.) are both stocks. Both are in the Financial Services sector — TD.TO in Banks - Diversified, SLF.TO in Insurance - Diversified. Over the past 10 years, TD.TO returned 15.57%/yr vs 13.36%/yr for SLF.TO. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
TD.TO vs. SLF.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 SLF.TO's 22.26% return. Over the past 10 years, TD.TO has outperformed SLF.TO with an annualized return of 15.57%, while SLF.TO has yielded a comparatively lower 13.36% 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%
SLF.TO
- 1D
- -0.12%
- 1M
- 8.16%
- YTD
- 22.26%
- 6M
- 29.16%
- 1Y
- 19.79%
- 3Y*
- 20.10%
- 5Y*
- 14.49%
- 10Y*
- 13.36%
TD.TO vs. SLF.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% |
SLF.TO Sun Life Financial Inc. | 22.26% | 4.75% | 29.69% | 14.37% | -6.73% | 28.82% | -0.52% | 35.86% | -9.44% | 4.39% |
Correlation
The correlation between TD.TO and SLF.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.58 |
Over the past year, the correlation between TD.TO and SLF.TO has dropped to 0.32 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
Fundamentals
TD.TO:
CA$265.60B
SLF.TO:
CA$57.50B
TD.TO:
CA$8.81
SLF.TO:
CA$5.82
TD.TO:
18.10
SLF.TO:
17.64
TD.TO:
2.40
SLF.TO:
1.61
TD.TO:
2.36
SLF.TO:
2.53
TD.TO:
CA$112.59B
SLF.TO:
CA$35.97B
TD.TO:
CA$59.48B
SLF.TO:
CA$14.49B
TD.TO:
CA$19.98B
SLF.TO:
CA$4.74B
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Return for Risk
TD.TO vs. SLF.TO — Risk / Return Rank
TD.TO
SLF.TO
TD.TO vs. SLF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Sun Life Financial Inc. (SLF.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 | SLF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.39 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.21 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 10.77 | 1.41 | +9.36 |
| Martin ratioReturn relative to average drawdown | 45.21 | 3.42 | +41.79 |
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 | SLF.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.75 | 1.02 | +3.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.86 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.66 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.32 | +0.29 |
Drawdowns
TD.TO vs. SLF.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, smaller than the maximum SLF.TO drawdown of -71.53%. Use the drawdown chart below to compare losses from any high point for TD.TO and SLF.TO.
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Drawdown Indicators
| TD.TO | SLF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -71.53% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -14.08% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -14.08% | -0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -24.48% | -1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -45.99% | +10.19% |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -15.64% | +8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 5.80% | -4.21% |
Volatility
TD.TO vs. SLF.TO - Volatility Comparison
The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.24% compared to Sun Life Financial Inc. (SLF.TO) at 4.26%. This indicates that TD.TO's price experiences larger fluctuations and is considered to be riskier than SLF.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 | SLF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 4.26% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 13.80% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 19.45% | -4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 16.89% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 20.45% | -1.16% |
Dividends
TD.TO vs. SLF.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.67%, less than SLF.TO's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLF.TO Sun Life Financial Inc. | 3.58% | 4.11% | 3.80% | 4.37% | 4.39% | 3.28% | 3.89% | 3.55% | 4.21% | 3.36% | 3.14% | 3.50% |
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. SLF.TO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Sun Life Financial 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. SLF.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%.
SLF.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sun Life Financial Inc. reported a gross profit of 8.86B and revenue of 8.86B. 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%.
SLF.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sun Life Financial Inc. reported an operating income of 632.00M and revenue of 8.86B, resulting in an operating margin of 7.1%.
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%.
SLF.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sun Life Financial Inc. reported a net income of 536.00M and revenue of 8.86B, resulting in a net margin of 6.1%.
Frequently Asked Questions
TD.TO and SLF.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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