TD vs. KO
TD (The Toronto-Dominion Bank) and KO (The Coca-Cola Company) are both stocks. TD operates in Banks - Diversified (Financial Services), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, TD returned 15.43%/yr vs 9.37%/yr for KO. At a 0.28 correlation, their price movements are largely independent.
Performance
TD vs. KO - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 30.87% return, which is significantly higher than KO's 19.04% return. Over the past 10 years, TD has outperformed KO with an annualized return of 15.43%, while KO has yielded a comparatively lower 9.37% annualized return.
TD
- 1D
- -2.51%
- 1M
- 1.69%
- 6M
- 30.27%
- YTD
- 30.87%
- 1Y
- 69.13%
- 3Y*
- 28.36%
- 5Y*
- 17.86%
- 10Y*
- 15.43%
- ALL TIME*
- 15.67%
KO
- 1D
- 0.69%
- 1M
- 3.44%
- 6M
- 18.14%
- YTD
- 19.04%
- 1Y
- 20.90%
- 3Y*
- 12.83%
- 5Y*
- 10.98%
- 10Y*
- 9.37%
- ALL TIME*
- 12.17%
TD vs. KO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 30.87% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
KO The Coca-Cola Company | 19.04% | 15.60% | 8.88% | -4.43% | 10.61% | 11.37% | 2.47% | 20.60% | 6.77% | 14.38% |
Correlation
The correlation between TD and KO is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.28 |
The correlation between TD and KO shifts across timeframes, from -0.07 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TD:
$203.58B
KO:
$353.32B
TD:
CA$10.11
KO:
$3.18
TD:
16.69
KO:
25.85
TD:
0.60
KO:
3.12
TD:
2.21
KO:
7.19
TD:
1.84
KO:
10.53
TD:
CA$112.63B
KO:
$49.28B
TD:
CA$59.49B
KO:
$30.43B
TD:
CA$19.99B
KO:
$18.35B
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Return for Risk
TD vs. KO — Risk / Return Rank
TD
KO
TD vs. KO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and The Coca-Cola Company (KO). 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 | KO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.21 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 9.26 | 2.67 | +6.59 |
| Martin ratioReturn relative to average drawdown | 35.62 | 5.83 | +29.79 |
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Drawdowns
TD vs. KO - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for TD and KO.
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Drawdown Indicators
| TD | KO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -68.23% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -7.87% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -16.26% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -17.27% | -13.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -36.99% | -4.99% |
Current DrawdownCurrent decline from peak | -3.45% | -3.30% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -16.07% | +4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 3.59% | -1.64% |
Volatility
TD vs. KO - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 5.94%, while The Coca-Cola Company (KO) has a volatility of 7.83%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | KO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.94% | 7.83% | -1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.41% | 14.19% | -0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 17.98% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.81% | 16.46% | +3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 18.37% | +3.35% |
Dividends
TD vs. KO - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.57%, more than KO's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KO The Coca-Cola Company | 2.53% | 2.92% | 3.12% | 3.12% | 2.77% | 2.84% | 2.99% | 2.89% | 3.29% | 3.23% | 3.38% | 3.07% |
TD The Toronto-Dominion Bank | 2.57% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
Financials
TD vs. KO - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and The Coca-Cola Company. 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. KO - Profitability Comparison
TD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Toronto-Dominion Bank reported a gross profit of 14.90B and revenue of 27.02B. Therefore, the gross margin over that period was 55.2%.
KO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.
TD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Toronto-Dominion Bank reported an operating income of 5.02B and revenue of 27.02B, resulting in an operating margin of 18.6%.
KO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.
TD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Toronto-Dominion Bank reported a net income of 4.25B and revenue of 27.02B, resulting in a net margin of 15.7%.
KO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.
Frequently Asked Questions
TD and KO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KO has higher volatility (7.83%) compared to TD (5.94%). In terms of maximum drawdown, TD dropped -64.18% vs KO's -68.23%.
TD currently has the higher Sharpe Ratio (4.02 vs 1.17), 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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