TD.TO vs. VBAL.TO
TD.TO (The Toronto-Dominion Bank) is a stock, while VBAL.TO (Vanguard Balanced ETF Portfolio) is Diversified Portfolio fund actively managed by Vanguard. Over the past 5 years, TD.TO returned 18.47%/yr vs 7.73%/yr for VBAL.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
TD.TO vs. VBAL.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TD.TO achieves a 28.85% return, which is significantly higher than VBAL.TO's 7.94% return.
TD.TO
- 1D
- 1.10%
- 1M
- 10.59%
- YTD
- 28.85%
- 6M
- 32.50%
- 1Y
- 76.68%
- 3Y*
- 33.03%
- 5Y*
- 18.47%
- 10Y*
- 16.09%
VBAL.TO
- 1D
- 0.48%
- 1M
- 2.81%
- YTD
- 7.94%
- 6M
- 7.00%
- 1Y
- 18.37%
- 3Y*
- 13.77%
- 5Y*
- 7.73%
- 10Y*
- —
TD.TO vs. VBAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TD.TO The Toronto-Dominion Bank | 28.85% | 77.06% | -6.05% | 2.34% | -6.01% | 40.15% | 3.72% | 11.66% | -6.82% |
VBAL.TO Vanguard Balanced ETF Portfolio | 7.94% | 11.92% | 14.62% | 12.49% | -11.39% | 10.21% | 10.27% | 14.90% | -3.35% |
Correlation
The correlation between TD.TO and VBAL.TO is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2018 | 0.53 |
The correlation between TD.TO and VBAL.TO has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.
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Return for Risk
TD.TO vs. VBAL.TO — Risk / Return Rank
TD.TO
VBAL.TO
TD.TO vs. VBAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Vanguard Balanced ETF Portfolio (VBAL.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 | VBAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.97 | ||
| Sortino ratioReturn per unit of downside risk | +3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.40 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 11.51 | 2.95 | +8.56 |
| Martin ratioReturn relative to average drawdown | 48.39 | 12.36 | +36.03 |
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Drawdowns
TD.TO vs. VBAL.TO - Drawdown Comparison
The maximum TD.TO drawdown since its inception was -52.42%, which is greater than VBAL.TO's maximum drawdown of -21.19%. Use the drawdown chart below to compare losses from any high point for TD.TO and VBAL.TO.
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Drawdown Indicators
| TD.TO | VBAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.42% | -21.19% | -31.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -5.93% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -9.66% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -16.38% | -9.68% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.50% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -3.14% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.42% | +0.17% |
Volatility
TD.TO vs. VBAL.TO - Volatility Comparison
The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.14% compared to Vanguard Balanced ETF Portfolio (VBAL.TO) at 3.41%. This indicates that TD.TO's price experiences larger fluctuations and is considered to be riskier than VBAL.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 | VBAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 3.41% | +1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 7.00% | +4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 8.33% | +6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 8.70% | +8.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 10.11% | +9.18% |
Dividends
TD.TO vs. VBAL.TO - Dividend Comparison
TD.TO's dividend yield for the trailing twelve months is around 2.60%, more than VBAL.TO's 2.07% yield.
| 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% |
VBAL.TO Vanguard Balanced ETF Portfolio | 2.07% | 2.23% | 2.30% | 2.37% | 2.21% | 1.95% | 1.82% | 2.25% | 2.04% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TD.TO and VBAL.TO have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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