TD vs. RVT
TD (The Toronto-Dominion Bank) and RVT (Royce Value Trust Inc.) are both stocks. Both are in the Financial Services sector — TD in Banks - Diversified, RVT in Asset Management. Over the past 10 years, TD returned 15.16%/yr vs 13.17%/yr for RVT. At a 0.48 correlation, their price movements are largely independent.
Performance
TD vs. RVT - 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 RVT's 15.52% return. Over the past 10 years, TD has outperformed RVT with an annualized return of 15.16%, while RVT has yielded a comparatively lower 13.17% annualized return.
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%
RVT
- 1D
- 2.22%
- 1M
- 1.41%
- YTD
- 15.52%
- 6M
- 15.09%
- 1Y
- 33.77%
- 3Y*
- 19.04%
- 5Y*
- 7.50%
- 10Y*
- 13.17%
TD vs. RVT - 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% |
RVT Royce Value Trust Inc. | 15.52% | 11.54% | 17.93% | 18.79% | -26.25% | 32.66% | 18.16% | 35.41% | -20.70% | 30.63% |
Correlation
The correlation between TD and RVT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 1996 | 0.48 |
The correlation between TD and RVT has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
Fundamentals
TD:
$143.77B
RVT:
$2.16B
TD:
CA$10.11
RVT:
$4.02
TD:
16.22
RVT:
4.47
TD:
2.15
RVT:
12.65
TD:
1.78
RVT:
1.00
TD:
CA$112.63B
RVT:
$170.31M
TD:
CA$59.49B
RVT:
$304.06M
TD:
CA$19.99B
RVT:
$439.27M
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Return for Risk
TD vs. RVT — Risk / Return Rank
TD
RVT
TD vs. RVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and Royce Value Trust Inc. (RVT). 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 | RVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.29 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 9.63 | 2.58 | +7.05 |
| Martin ratioReturn relative to average drawdown | 37.58 | 9.08 | +28.50 |
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Drawdowns
TD vs. RVT - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum RVT drawdown of -72.34%. Use the drawdown chart below to compare losses from any high point for TD and RVT.
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Drawdown Indicators
| TD | RVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -72.34% | +8.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -12.19% | +4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -23.48% | +4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -32.79% | +1.86% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -47.18% | +5.20% |
Current DrawdownCurrent decline from peak | 0.00% | -2.59% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -11.29% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.46% | -1.54% |
Volatility
TD vs. RVT - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 5.00%, while Royce Value Trust Inc. (RVT) has a volatility of 6.60%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than RVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | RVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 6.60% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 13.90% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 18.35% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 22.50% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 22.99% | -1.27% |
Dividends
TD vs. RVT - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.62%, less than RVT's 8.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RVT Royce Value Trust Inc. | 8.02% | 8.82% | 8.04% | 7.35% | 9.95% | 8.52% | 6.44% | 7.45% | 10.68% | 7.17% | 7.62% | 10.54% |
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. RVT - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Royce Value Trust Inc.. 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
Frequently Asked Questions
TD and RVT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVT has higher volatility (6.60%) compared to TD (5.00%). In terms of maximum drawdown, TD dropped -64.18% vs RVT's -72.34%.
TD currently has the higher Sharpe Ratio (4.36 vs 1.71), 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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