TD.TO vs. ULTA
TD.TO (The Toronto-Dominion Bank) and ULTA (Ulta Beauty, Inc.) are both stocks. TD.TO operates in Banks - Diversified (Financial Services), while ULTA operates in Specialty Retail (Consumer Cyclical). Over the past 10 years, TD.TO returned 16.09%/yr vs 7.92%/yr for ULTA. At a 0.29 correlation, their price movements are largely independent.
Performance
TD.TO vs. ULTA - Performance Comparison
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Different Trading Currencies
TD.TO is traded in CAD, while ULTA is traded in USD. To make them comparable, the ULTA 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 28.85% return, which is significantly higher than ULTA's -21.04% return. Over the past 10 years, TD.TO has outperformed ULTA with an annualized return of 16.09%, while ULTA has yielded a comparatively lower 7.92% annualized return.
TD.TO
- 1D
- 1.10%
- 1M
- 12.21%
- YTD
- 28.85%
- 6M
- 32.50%
- 1Y
- 76.53%
- 3Y*
- 33.03%
- 5Y*
- 18.47%
- 10Y*
- 16.09%
ULTA
- 1D
- -1.54%
- 1M
- -2.95%
- YTD
- -21.04%
- 6M
- -21.06%
- 1Y
- 3.53%
- 3Y*
- 3.33%
- 5Y*
- 9.83%
- 10Y*
- 7.92%
TD.TO vs. ULTA - 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% |
ULTA Ulta Beauty, Inc. | -21.04% | 32.75% | -3.72% | 1.97% | 20.97% | 43.52% | 10.75% | -0.87% | 18.67% | -18.21% |
Correlation
The correlation between TD.TO and ULTA is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2007 | 0.29 |
Fundamentals
TD.TO:
CA$273.16B
ULTA:
$20.56B
TD.TO:
CA$8.81
ULTA:
$26.57
TD.TO:
18.62
ULTA:
17.60
TD.TO:
0.67
ULTA:
1.75
TD.TO:
2.47
ULTA:
1.65
TD.TO:
2.42
ULTA:
7.97
TD.TO:
CA$112.59B
ULTA:
$12.71B
TD.TO:
CA$59.48B
ULTA:
$5.00B
TD.TO:
CA$19.98B
ULTA:
$1.81B
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Return for Risk
TD.TO vs. ULTA — Risk / Return Rank
TD.TO
ULTA
TD.TO vs. ULTA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Ulta Beauty, Inc. (ULTA). 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 | ULTA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.97 | ||
| Sortino ratioReturn per unit of downside risk | +5.72 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.05 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | 0.11 | +11.41 |
| Martin ratioReturn relative to average drawdown | 48.39 | 0.26 | +48.13 |
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Drawdowns
TD.TO vs. ULTA - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, smaller than the maximum ULTA drawdown of -83.51%. Use the drawdown chart below to compare losses from any high point for TD.TO and ULTA.
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Drawdown Indicators
| TD.TO | ULTA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -83.51% | +31.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -33.33% | +26.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -42.47% | +27.43% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -42.47% | +16.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -62.07% | +26.27% |
Current DrawdownCurrent decline from peak | 0.00% | -32.12% | +32.12% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -19.94% | +12.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 13.78% | -12.19% |
Volatility
TD.TO vs. ULTA - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD.TO) is 5.14%, while Ulta Beauty, Inc. (ULTA) has a volatility of 9.73%. This indicates that TD.TO experiences smaller price fluctuations and is considered to be less risky than ULTA 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 | ULTA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 9.73% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 25.51% | -13.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 34.20% | -19.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 34.77% | -17.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 38.90% | -19.61% |
Dividends
TD.TO vs. ULTA - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.60%, while ULTA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ULTA Ulta Beauty, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TD.TO vs. ULTA - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Ulta Beauty, 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. ULTA - 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%.
ULTA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a gross profit of 1.27B and revenue of 3.16B. Therefore, the gross margin over that period was 40.1%.
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%.
ULTA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported an operating income of 448.26M and revenue of 3.16B, resulting in an operating margin of 14.2%.
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%.
ULTA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ulta Beauty, Inc. reported a net income of 340.47M and revenue of 3.16B, resulting in a net margin of 10.8%.
Frequently Asked Questions
TD.TO and ULTA have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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