TD vs. BNS
Compare and contrast key facts about The Toronto-Dominion Bank (TD) and The Bank of Nova Scotia (BNS).
Performance
TD vs. BNS - Performance Comparison
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TD vs. BNS - 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% |
BNS The Bank of Nova Scotia | -3.72% | 45.11% | 17.55% | 8.53% | -28.05% | 40.62% | 1.70% | 17.49% | -18.28% | 21.83% |
Fundamentals
TD:
$117.09B
BNS:
$87.39B
TD:
$13.59
BNS:
$7.17
TD:
6.97
BNS:
9.78
TD:
1.33
BNS:
1.23
TD:
1.03
BNS:
1.12
TD:
$114.07B
BNS:
$71.33B
TD:
$58.26B
BNS:
$32.57B
TD:
$27.61B
BNS:
$13.36B
Returns By Period
In the year-to-date period, TD achieves a 1.37% return, which is significantly higher than BNS's -3.72% return. Over the past 10 years, TD has outperformed BNS with an annualized return of 12.83%, while BNS has yielded a comparatively lower 9.96% 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%
BNS
- 1D
- 1.27%
- 1M
- -7.11%
- YTD
- -3.72%
- 6M
- 11.19%
- 1Y
- 55.47%
- 3Y*
- 19.51%
- 5Y*
- 8.85%
- 10Y*
- 9.96%
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Return for Risk
TD vs. BNS — Risk / Return Rank
TD
BNS
TD vs. BNS - Risk-Adjusted Trends 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.
| TD | BNS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.95 | 3.22 | +0.73 |
Sortino ratioReturn per unit of downside risk | 4.96 | 4.26 | +0.70 |
Omega ratioGain probability vs. loss probability | 1.67 | 1.62 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 8.61 | 4.20 | +4.42 |
Martin ratioReturn relative to average drawdown | 31.91 | 17.20 | +14.70 |
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 | BNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.95 | 3.22 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.46 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.45 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.50 | +0.08 |
Correlation
The correlation between TD and BNS is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TD vs. BNS - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 3.21%, less than BNS's 3.41% 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% |
BNS The Bank of Nova Scotia | 3.41% | 4.17% | 5.85% | 8.56% | 6.39% | 5.09% | 4.93% | 3.53% | 6.34% | 4.80% | 5.24% | 8.13% |
Drawdowns
TD vs. BNS - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, roughly equal to the maximum BNS drawdown of -63.65%. Use the drawdown chart below to compare losses from any high point for TD and BNS.
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Drawdown Indicators
| TD | BNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -63.65% | -0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -13.36% | +5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -39.12% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -46.29% | +4.31% |
Current DrawdownCurrent decline from peak | -4.13% | -9.76% | +5.63% |
Average DrawdownAverage peak-to-trough decline | -11.29% | -11.08% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.26% | -1.23% |
Volatility
TD vs. BNS - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 6.27%, while The Bank of Nova Scotia (BNS) has a volatility of 6.64%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | BNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 6.64% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 11.81% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 17.30% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.67% | 19.36% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 21.97% | -0.30% |
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
TD vs. BNS - 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%.
BNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported a gross profit of 8.28B and revenue of 17.22B. Therefore, the gross margin over that period was 48.1%.
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%.
BNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported an operating income of 3.18B and revenue of 17.22B, resulting in an operating margin of 18.4%.
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%.
BNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported a net income of 2.29B and revenue of 17.22B, resulting in a net margin of 13.3%.