TD vs. LMT
TD (The Toronto-Dominion Bank) and LMT (Lockheed Martin Corporation) are both stocks. TD operates in Banks - Diversified (Financial Services), while LMT operates in Aerospace & Defense (Industrials). Over the past 10 years, TD returned 14.57%/yr vs 10.91%/yr for LMT. At a 0.25 correlation, their price movements are largely independent.
Performance
TD vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 23.17% return, which is significantly higher than LMT's 8.80% return. Over the past 10 years, TD has outperformed LMT with an annualized return of 14.57%, while LMT has yielded a comparatively lower 10.91% annualized return.
TD
- 1D
- 0.89%
- 1M
- 6.24%
- YTD
- 23.17%
- 6M
- 31.66%
- 1Y
- 68.14%
- 3Y*
- 30.41%
- 5Y*
- 14.58%
- 10Y*
- 14.57%
LMT
- 1D
- -0.70%
- 1M
- 3.35%
- YTD
- 8.80%
- 6M
- 13.08%
- 1Y
- 10.88%
- 3Y*
- 6.80%
- 5Y*
- 9.00%
- 10Y*
- 10.91%
TD vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 23.17% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
LMT Lockheed Martin Corporation | 8.80% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between TD and LMT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
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 Sep 3, 1996 | 0.25 |
The correlation between TD and LMT shifts across timeframes, from 0.11 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TD:
$139.89B
LMT:
$120.19B
TD:
$10.11
LMT:
$20.61
TD:
11.29
LMT:
25.23
TD:
1.50
LMT:
1.61
TD:
1.24
LMT:
16.05
TD:
$112.63B
LMT:
$75.12B
TD:
$59.49B
LMT:
$7.37B
TD:
$19.99B
LMT:
$8.09B
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Return for Risk
TD vs. LMT — Risk / Return Rank
TD
LMT
TD vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.73 | ||
| Sortino ratioReturn per unit of downside risk | +4.52 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.10 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 9.13 | 0.43 | +8.70 |
| Martin ratioReturn relative to average drawdown | 35.63 | 1.04 | +34.60 |
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 | LMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.14 | 0.41 | +3.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.40 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.46 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.38 | +0.23 |
Drawdowns
TD vs. LMT - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for TD and LMT.
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Drawdown Indicators
| TD | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -79.29% | +15.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -25.15% | +17.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -31.79% | +12.60% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -31.79% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -36.67% | -5.31% |
Current DrawdownCurrent decline from peak | 0.00% | -22.64% | +22.64% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -26.84% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 10.51% | -8.59% |
Volatility
TD vs. LMT - Volatility Comparison
The Toronto-Dominion Bank (TD) and Lockheed Martin Corporation (LMT) have volatilities of 5.13% and 5.31%, 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 | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 5.31% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.90% | 19.60% | -6.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 26.62% | -10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 22.88% | -3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.73% | 23.72% | -1.99% |
Dividends
TD vs. LMT - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.69%, more than LMT's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LMT Lockheed Martin Corporation | 2.62% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
TD The Toronto-Dominion Bank | 2.69% | 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. LMT - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Lockheed Martin Corporation. 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. LMT - Profitability Comparison
TD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
LMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a gross profit of 2.08B and revenue of 18.02B. Therefore, the gross margin over that period was 11.5%.
TD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
LMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported an operating income of 2.06B and revenue of 18.02B, resulting in an operating margin of 11.5%.
TD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
LMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Lockheed Martin Corporation reported a net income of 1.49B and revenue of 18.02B, resulting in a net margin of 8.3%.
Frequently Asked Questions
TD and LMT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (5.31%) compared to TD (5.13%). In terms of maximum drawdown, TD dropped -64.18% vs LMT's -79.29%.
TD currently has the higher Sharpe Ratio (4.14 vs 0.41), 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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