TD vs. NVS
TD (The Toronto-Dominion Bank) and NVS (Novartis AG) are both stocks. TD operates in Banks - Diversified (Financial Services), while NVS operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, TD returned 15.16%/yr vs 11.14%/yr for NVS. At a 0.31 correlation, their price movements are largely independent.
Performance
TD vs. NVS - 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 NVS's 14.40% return. Over the past 10 years, TD has outperformed NVS with an annualized return of 15.16%, while NVS has yielded a comparatively lower 11.14% annualized return.
TD
- 1D
- 0.93%
- 1M
- 10.13%
- YTD
- 26.58%
- 6M
- 30.43%
- 1Y
- 71.84%
- 3Y*
- 31.09%
- 5Y*
- 15.31%
- 10Y*
- 15.16%
NVS
- 1D
- -0.55%
- 1M
- 2.22%
- YTD
- 14.40%
- 6M
- 18.98%
- 1Y
- 30.60%
- 3Y*
- 19.57%
- 5Y*
- 14.77%
- 10Y*
- 11.14%
TD vs. NVS - 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% |
NVS Novartis AG | 14.40% | 46.95% | 0.02% | 16.14% | 8.06% | -3.65% | 3.34% | 13.92% | 5.95% | 19.42% |
Correlation
The correlation between TD and NVS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 1996 | 0.31 |
Fundamentals
TD:
$143.77B
NVS:
$293.28B
TD:
CA$10.11
NVS:
$6.99
TD:
16.22
NVS:
21.90
TD:
0.58
NVS:
1.48
TD:
2.15
NVS:
5.29
TD:
1.78
NVS:
7.62
TD:
CA$112.63B
NVS:
$56.05B
TD:
CA$59.49B
NVS:
$42.19B
TD:
CA$19.99B
NVS:
$22.40B
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Return for Risk
TD vs. NVS — Risk / Return Rank
TD
NVS
TD vs. NVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and Novartis AG (NVS). 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 | NVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +3.35 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.26 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 9.63 | 2.43 | +7.20 |
| Martin ratioReturn relative to average drawdown | 37.58 | 5.88 | +31.70 |
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Drawdowns
TD vs. NVS - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, which is greater than NVS's maximum drawdown of -42.10%. Use the drawdown chart below to compare losses from any high point for TD and NVS.
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Drawdown Indicators
| TD | NVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -42.10% | -22.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -12.65% | +5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -19.95% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -20.42% | -10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -26.03% | -15.95% |
Current DrawdownCurrent decline from peak | 0.00% | -6.46% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -10.92% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 5.23% | -3.31% |
Volatility
TD vs. NVS - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 5.00%, while Novartis AG (NVS) has a volatility of 7.18%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than NVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | NVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 7.18% | -2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 14.96% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 21.02% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 18.89% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 19.64% | +2.08% |
Dividends
TD vs. NVS - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.62%, less than NVS's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVS Novartis AG | 3.12% | 2.90% | 3.84% | 3.44% | 3.70% | 3.86% | 3.22% | 3.03% | 3.47% | 3.24% | 3.73% | 3.10% |
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% |
Financials
TD vs. NVS - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Novartis AG. 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. NVS - 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%.
NVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a gross profit of 10.07B and revenue of 13.52B. Therefore, the gross margin over that period was 74.4%.
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%.
NVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported an operating income of 4.24B and revenue of 13.52B, resulting in an operating margin of 31.3%.
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%.
NVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Novartis AG reported a net income of 3.16B and revenue of 13.52B, resulting in a net margin of 23.3%.
Frequently Asked Questions
TD and NVS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVS has higher volatility (7.18%) compared to TD (5.00%). In terms of maximum drawdown, TD dropped -64.18% vs NVS's -42.10%.
TD currently has the higher Sharpe Ratio (4.36 vs 1.47), 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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