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TD.TO vs. VTV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TD.TO vs. VTV

Last updated Jun 13, 2026

TD.TO (The Toronto-Dominion Bank) is a stock, while VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 10 years, TD.TO returned 16.09%/yr vs 13.75%/yr for VTV. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

TD.TO vs. VTV - Performance Comparison

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

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Different Trading Currencies

TD.TO is traded in CAD, while VTV is traded in USD. To make them comparable, the VTV 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 VTV's 16.61% return. Over the past 10 years, TD.TO has outperformed VTV with an annualized return of 16.09%, while VTV has yielded a comparatively lower 13.75% annualized 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%

VTV

1D
1.12%
1M
5.89%
YTD
16.61%
6M
15.61%
1Y
31.43%
3Y*
19.93%
5Y*
15.04%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TD.TO vs. VTV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VTV
Vanguard Value ETF		16.61%10.01%25.77%6.71%4.12%26.47%-0.10%20.48%2.47%9.21%

Correlation

The correlation between TD.TO and VTV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.49

Correlation (All Time)
Calculated using the full available price history since Jul 13, 2006

0.51

The correlation between TD.TO and VTV has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

The Toronto-Dominion Bank

Vanguard Value ETF

Often compared with TD.TO:
TD.TO vs. RY.TOTD.TO vs. VDY.TOTD.TO vs. ENB.TOTD.TO vs. BNS.TOTD.TO vs. RYTD.TO vs. CM.TOTD.TO vs. DGS.TO
Often compared with VTV:
VTV vs. SCHDVTV vs. VOOVTV vs. VTIVTV vs. VUGVTV vs. VYMVTV vs. SCHVVTV vs. VIG

Return for Risk

TD.TO vs. VTV — 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: 9999
Overall Rank
TD.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
TD.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
TD.TO Omega Ratio Rank: 9999
Omega Ratio Rank
TD.TO Calmar Ratio Rank: 9898
Calmar Ratio Rank
TD.TO Martin Ratio Rank: 9999
Martin Ratio Rank
VTV
VTV Risk / Return Rank: 8888
Overall Rank
VTV Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VTV Sortino Ratio Rank: 9090
Sortino Ratio Rank
VTV Omega Ratio Rank: 8787
Omega Ratio Rank
VTV Calmar Ratio Rank: 8787
Calmar Ratio Rank
VTV Martin Ratio Rank: 8787
Martin Ratio Rank
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. VTV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD.TO) and Vanguard Value ETF (VTV). 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.TOVTVDifference
Sharpe ratioReturn per unit of total volatility
5.07
2.65

+2.42

Sortino ratioReturn per unit of downside risk
6.10
3.82

+2.29

Omega ratioGain probability vs. loss probability

1.89

1.47

+0.42

Calmar ratioReturn relative to maximum drawdown

11.51

5.21

+6.30

Martin ratioReturn relative to average drawdown

48.39

19.15

+29.24

TD.TO vs. VTV - Sharpe Ratio Comparison

The current TD.TO Sharpe Ratio is 5.07, which is higher than the VTV Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of TD.TO and VTV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

TD.TO vs. VTV - Drawdown Comparison

The maximum TD.TO drawdown since its inception was -52.42%, roughly equal to the maximum VTV drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for TD.TO and VTV.

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Drawdown Indicators

TD.TOVTVDifference

Max Drawdown

Largest peak-to-trough decline

-52.42%

-52.38%

-0.04%

Max Drawdown (1Y)

Largest decline over 1 year

-6.68%

-5.74%

-0.94%

Max Drawdown (3Y)

Largest decline over 3 years

-15.04%

-15.12%

+0.08%

Max Drawdown (5Y)

Largest decline over 5 years

-26.06%

-15.12%

-10.94%

Max Drawdown (10Y)

Largest decline over 10 years

-35.80%

-31.22%

-4.58%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-7.29%

-9.15%

+1.86%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

1.56%

+0.03%

Volatility

TD.TO vs. VTV - Volatility Comparison

The Toronto-Dominion Bank (TD.TO) has a higher volatility of 5.14% compared to Vanguard Value ETF (VTV) at 3.58%. This indicates that TD.TO's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TD.TOVTVDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.14%

3.58%

+1.56%

Volatility (6M)

Calculated over the trailing 6-month period

11.73%

8.63%

+3.10%

Volatility (1Y)

Calculated over the trailing 1-year period

15.16%

11.27%

+3.89%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.17%

15.09%

+2.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.29%

17.74%

+1.55%

Dividends

TD.TO vs. VTV - Dividend Comparison

TD.TO's dividend yield for the trailing twelve months is around 2.60%, more than VTV's 1.83% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VTV
Vanguard Value ETF		1.83%2.05%2.31%2.46%2.52%2.15%2.56%2.50%2.73%2.29%2.44%2.60%

Frequently Asked Questions

TD.TO and VTV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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