TD vs. BNS
Compare and contrast key facts about The Toronto-Dominion Bank (TD) and The Bank of Nova Scotia (BNS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TD or BNS.
Correlation
The correlation between TD and BNS is 0.77, 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.
Performance
TD vs. BNS - Performance Comparison
Key characteristics
TD:
0.30
BNS:
0.80
TD:
0.50
BNS:
1.16
TD:
1.07
BNS:
1.15
TD:
0.18
BNS:
0.43
TD:
0.68
BNS:
2.19
TD:
8.36%
BNS:
6.04%
TD:
18.97%
BNS:
16.56%
TD:
-64.16%
BNS:
-63.79%
TD:
-19.00%
BNS:
-18.66%
Fundamentals
TD:
$104.71B
BNS:
$68.73B
TD:
$3.33
BNS:
$4.12
TD:
17.97
BNS:
12.26
TD:
0.81
BNS:
1.38
TD:
$42.30B
BNS:
$34.36B
TD:
$42.30B
BNS:
$35.50B
TD:
$16.92B
BNS:
$3.20B
Returns By Period
In the year-to-date period, TD achieves a 13.95% return, which is significantly higher than BNS's -4.66% return. Over the past 10 years, TD has outperformed BNS with an annualized return of 7.84%, while BNS has yielded a comparatively lower 4.90% annualized return.
TD
13.95%
5.19%
3.43%
4.99%
5.56%
7.84%
BNS
-4.66%
-1.85%
7.33%
13.34%
3.77%
4.90%
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Risk-Adjusted Performance
TD vs. BNS — Risk-Adjusted Performance Rank
TD
BNS
TD vs. BNS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and The Bank of Nova Scotia (BNS). 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.
Dividends
TD vs. BNS - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 5.00%, less than BNS's 6.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 5.00% | 5.65% | 4.40% | 4.24% | 3.27% | 4.10% | 3.89% | 4.09% | 3.08% | 3.29% | 4.07% | 3.54% |
BNS The Bank of Nova Scotia | 6.14% | 5.84% | 6.40% | 6.40% | 4.02% | 4.94% | 3.54% | 5.10% | 3.75% | 3.98% | 6.63% | 4.11% |
Drawdowns
TD vs. BNS - Drawdown Comparison
The maximum TD drawdown since its inception was -64.16%, roughly equal to the maximum BNS drawdown of -63.79%. Use the drawdown chart below to compare losses from any high point for TD and BNS. For additional features, visit the drawdowns tool.
Volatility
TD vs. BNS - Volatility Comparison
The Toronto-Dominion Bank (TD) and The Bank of Nova Scotia (BNS) have volatilities of 4.51% and 4.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
TD vs. BNS - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and The Bank of Nova Scotia. 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