TD.TO vs. T

Last updated Jun 9, 2026

TD.TO (The Toronto-Dominion Bank) and T (AT&T Inc.) are both stocks. TD.TO operates in Banks - Diversified (Financial Services), while T operates in Telecom Services (Communication Services). Over the past 10 years, TD.TO returned 15.57%/yr vs 3.80%/yr for T. At a 0.28 correlation, their price movements are largely independent.

Performance

TD.TO vs. T - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in The Toronto-Dominion Bank (TD.TO) and AT&T Inc. (T). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TD.TO is traded in CAD, while T is traded in USD. To make them comparable, the T values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TD.TO achieves a 25.29% return, which is significantly higher than T's -5.71% return. Over the past 10 years, TD.TO has outperformed T with an annualized return of 15.57%, while T has yielded a comparatively lower 3.80% 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%

T

• 1D: -0.83%
• 1M: -8.72%
• YTD: -5.71%
• 6M: -6.67%
• 1Y: -14.68%
• 3Y*: 20.08%
• 5Y*: 9.65%
• 10Y*: 3.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TD.TO vs. T - 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%
T AT&T Inc.	-5.71%	8.77%	56.28%	-5.06%	12.46%	-8.14%	-23.24%	39.55%	-15.72%	-10.51%

Correlation

The correlation between TD.TO and T is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006	0.28

Over the past year, the correlation between TD.TO and T has dropped to 0.02 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

Fundamentals

EPS TD.TO : CA$8.81 T : $3.04
PE Ratio TD.TO : 18.10 T : 7.39
PEG Ratio TD.TO : 0.65 T : 0.31
PS Ratio TD.TO : 2.40 T : 1.29
Total Revenue (TTM) TD.TO : CA$112.59B T : $125.65B
Gross Profit (TTM) TD.TO : CA$59.48B T : $105.41B
EBITDA (TTM) TD.TO : CA$19.98B T : $54.70B

Return for Risk

TD.TO vs. T — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TD.TO

TD.TO Risk / Return Rank: 98
TD.TO Sharpe Ratio Rank: 99
TD.TO Sortino Ratio Rank: 99
TD.TO Omega Ratio Rank: 98
TD.TO Calmar Ratio Rank: 98
TD.TO Martin Ratio Rank: 99

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TD.TO vs. T - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and AT&T Inc. (T). 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	T	Difference
Sharpe ratio: Return per unit of total volatility	4.75	-0.67	+5.42
Sortino ratio: Return per unit of downside risk	5.78	-0.83	+6.61
Omega ratio: Gain probability vs. loss probability	1.83	0.90	+0.93
Calmar ratio: Return relative to maximum drawdown	10.77	-0.69	+11.45
Martin ratio: Return relative to average drawdown	45.21	-1.41	+46.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TD.TO vs. T - Sharpe Ratio Comparison

The current TD.TO Sharpe Ratio is 4.75, which is higher than the T Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of TD.TO and T, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TD.TO	T	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.75	-0.67	+5.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	0.40	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.81	0.16	+0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.32	+0.29

Drawdowns

TD.TO vs. T - Drawdown Comparison

The maximum TD.TO drawdown since its inception was -52.42%, which is greater than T's maximum drawdown of -42.44%. Use the drawdown chart below to compare losses from any high point for TD.TO and T.

Drawdown Indicators

	TD.TO	T	Difference
Max Drawdown Largest peak-to-trough decline	-52.42%	-42.44%	-9.98%
Max Drawdown (1Y) Largest decline over 1 year	-6.68%	-21.49%	+14.81%
Max Drawdown (3Y) Largest decline over 3 years	-15.04%	-21.49%	+6.45%
Max Drawdown (5Y) Largest decline over 5 years	-26.06%	-32.89%	+6.83%
Max Drawdown (10Y) Largest decline over 10 years	-35.80%	-42.44%	+6.64%
Current Drawdown Current decline from peak	0.00%	-21.49%	+21.49%
Average Drawdown Average peak-to-trough decline	-7.29%	-13.77%	+6.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	10.43%	-8.84%

Volatility

TD.TO vs. T - Volatility Comparison

The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.24%, while AT&T Inc. (T) has a volatility of 7.35%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than T based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TD.TO	T	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.24%	7.35%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	11.86%	17.38%	-5.52%
Volatility (1Y) Calculated over the trailing 1-year period	15.16%	22.07%	-6.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.16%	24.41%	-7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.29%	24.30%	-5.01%

Dividends

TD.TO vs. T - Dividend Comparison

TD.TO's dividend yield for the trailing twelve months is around 2.67%, less than T's 4.93% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%
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

Frequently Asked Questions

Can I hold both TD.TO and T in my portfolio?

TD.TO and T have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.