TD vs. BMO
Compare and contrast key facts about The Toronto-Dominion Bank (TD) and Bank of Montreal (BMO).
Performance
TD vs. BMO - Performance Comparison
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TD vs. BMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 1.37% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
BMO Bank of Montreal | 6.52% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
Fundamentals
TD:
$117.09B
BMO:
$97.32B
TD:
$13.59
BMO:
$12.59
TD:
6.97
BMO:
10.89
TD:
0.25
BMO:
0.50
TD:
1.33
BMO:
1.48
TD:
1.03
BMO:
1.16
TD:
$114.07B
BMO:
$66.79B
TD:
$58.26B
BMO:
$33.35B
TD:
$27.61B
BMO:
$13.90B
Returns By Period
In the year-to-date period, TD achieves a 1.37% return, which is significantly lower than BMO's 6.52% return. Over the past 10 years, TD has underperformed BMO with an annualized return of 12.83%, while BMO has yielded a comparatively higher 13.59% annualized return.
TD
- 1D
- 1.49%
- 1M
- -3.62%
- YTD
- 1.37%
- 6M
- 19.83%
- 1Y
- 66.29%
- 3Y*
- 22.26%
- 5Y*
- 12.47%
- 10Y*
- 12.83%
BMO
- 1D
- 1.26%
- 1M
- -5.80%
- YTD
- 6.52%
- 6M
- 6.96%
- 1Y
- 48.01%
- 3Y*
- 21.08%
- 5Y*
- 13.85%
- 10Y*
- 13.59%
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Return for Risk
TD vs. BMO — Risk / Return Rank
TD
BMO
TD vs. BMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and Bank of Montreal (BMO). 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 | BMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.95 | 2.38 | +1.58 |
Sortino ratioReturn per unit of downside risk | 4.96 | 2.99 | +1.97 |
Omega ratioGain probability vs. loss probability | 1.67 | 1.44 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | 8.61 | 4.26 | +4.36 |
Martin ratioReturn relative to average drawdown | 31.91 | 14.91 | +17.00 |
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 | BMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.95 | 2.38 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.66 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.58 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.55 | +0.03 |
Correlation
The correlation between TD and BMO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TD vs. BMO - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 3.21%, less than BMO's 3.46% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 3.21% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
BMO Bank of Montreal | 3.46% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
Drawdowns
TD vs. BMO - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum BMO drawdown of -68.17%. Use the drawdown chart below to compare losses from any high point for TD and BMO.
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Drawdown Indicators
| TD | BMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -68.17% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -11.62% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -33.94% | +3.01% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -50.97% | +8.99% |
Current DrawdownCurrent decline from peak | -4.13% | -7.93% | +3.80% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -11.49% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.32% | -1.29% |
Volatility
TD vs. BMO - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 6.27%, while Bank of Montreal (BMO) has a volatility of 8.13%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than BMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | BMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 8.13% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 15.04% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 20.32% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 21.23% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 23.62% | -1.95% |
Financials
TD vs. BMO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Bank of Montreal. 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 vs. BMO - Profitability Comparison
TD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a gross profit of 15.17B and revenue of 28.14B. Therefore, the gross margin over that period was 53.9%.
BMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported a gross profit of 9.08B and revenue of 9.08B. Therefore, the gross margin over that period was 100.0%.
TD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported an operating income of 5.18B and revenue of 28.14B, resulting in an operating margin of 18.4%.
BMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported an operating income of 3.89B and revenue of 9.08B, resulting in an operating margin of 42.8%.
TD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Toronto-Dominion Bank reported a net income of 4.05B and revenue of 28.14B, resulting in a net margin of 14.4%.
BMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Bank of Montreal reported a net income of 2.49B and revenue of 9.08B, resulting in a net margin of 27.4%.