TD vs. CII
TD (The Toronto-Dominion Bank) is a stock, while CII (BlackRock Enhanced Large Cap Core Fund) is Derivative Income fund actively managed by BlackRock. Over the past 10 years, TD returned 15.16%/yr vs 14.94%/yr for CII. At a 0.48 correlation, their price movements are largely independent.
Performance
TD vs. CII - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 26.58% return, which is significantly higher than CII's 7.72% return. Both investments have delivered pretty close results over the past 10 years, with TD having a 15.16% annualized return and CII not far behind at 14.94%.
TD
- 1D
- 0.93%
- 1M
- 9.00%
- YTD
- 26.58%
- 6M
- 30.43%
- 1Y
- 71.79%
- 3Y*
- 31.09%
- 5Y*
- 15.31%
- 10Y*
- 15.16%
CII
- 1D
- 0.58%
- 1M
- -1.09%
- YTD
- 7.72%
- 6M
- 10.66%
- 1Y
- 39.37%
- 3Y*
- 20.94%
- 5Y*
- 13.51%
- 10Y*
- 14.94%
TD vs. CII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 26.58% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
CII BlackRock Enhanced Large Cap Core Fund | 7.72% | 37.78% | 12.70% | 18.47% | -13.21% | 34.26% | 8.11% | 30.46% | -8.60% | 27.73% |
Correlation
The correlation between TD and CII is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 26, 2004 | 0.48 |
The correlation between TD and CII shifts across timeframes, from 0.34 (1 year) to 0.50 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
TD vs. CII — Risk / Return Rank
TD
CII
TD vs. CII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and BlackRock Enhanced Large Cap Core Fund (CII). 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 | CII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.43 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 9.63 | 3.33 | +6.29 |
| Martin ratioReturn relative to average drawdown | 37.58 | 12.71 | +24.87 |
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Drawdowns
TD vs. CII - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, which is greater than CII's maximum drawdown of -56.43%. Use the drawdown chart below to compare losses from any high point for TD and CII.
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Drawdown Indicators
| TD | CII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -56.43% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -11.67% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -21.05% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -22.32% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -40.56% | -1.42% |
Current DrawdownCurrent decline from peak | 0.00% | -6.33% | +6.33% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -6.17% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.05% | -1.13% |
Volatility
TD vs. CII - Volatility Comparison
The Toronto-Dominion Bank (TD) and BlackRock Enhanced Large Cap Core Fund (CII) have volatilities of 5.00% and 5.22%, 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.
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Volatility by Period
| TD | CII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 5.22% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 12.09% | +0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 15.40% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 17.16% | +2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 18.54% | +3.18% |
Dividends
TD vs. CII - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.62%, less than CII's 15.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CII BlackRock Enhanced Large Cap Core Fund | 15.35% | 16.65% | 6.15% | 6.28% | 12.27% | 4.98% | 6.03% | 5.79% | 7.06% | 6.07% | 8.38% | 8.49% |
TD The Toronto-Dominion Bank | 2.62% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Frequently Asked Questions
TD and CII have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CII has higher volatility (5.22%) compared to TD (5.00%). In terms of maximum drawdown, TD dropped -64.18% vs CII's -56.43%.
TD currently has the higher Sharpe Ratio (4.36 vs 2.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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