Correlation
The correlation between TD and RY is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
TD vs. RY
Compare and contrast key facts about The Toronto-Dominion Bank (TD) and Royal Bank of Canada (RY).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TD or RY.
Performance
TD vs. RY - Performance Comparison
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Key characteristics
TD:
1.64
RY:
1.18
TD:
2.31
RY:
2.17
TD:
1.35
RY:
1.29
TD:
1.08
RY:
1.97
TD:
4.20
RY:
5.57
TD:
7.98%
RY:
5.16%
TD:
18.84%
RY:
18.07%
TD:
-64.16%
RY:
-63.05%
TD:
-4.97%
RY:
-0.83%
Fundamentals
TD:
$119.37B
RY:
$180.33B
TD:
$6.96
RY:
$9.14
TD:
9.96
RY:
13.99
TD:
0.72
RY:
2.38
TD:
1.92
RY:
3.10
TD:
1.43
RY:
2.03
TD:
$43.45B
RY:
$46.47B
TD:
$43.45B
RY:
$46.47B
TD:
$10.91B
RY:
$14.16B
Returns By Period
In the year-to-date period, TD achieves a 33.70% return, which is significantly higher than RY's 7.97% return. Over the past 10 years, TD has underperformed RY with an annualized return of 9.18%, while RY has yielded a comparatively higher 11.48% annualized return.
TD
33.70%
8.35%
26.66%
30.55%
1.77%
13.43%
9.18%
RY
7.97%
5.44%
3.99%
21.19%
11.19%
17.31%
11.48%
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Risk-Adjusted Performance
TD vs. RY — Risk-Adjusted Performance Rank
TD
RY
TD vs. RY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and Royal Bank of Canada (RY). 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.
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Dividends
TD vs. RY - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 4.29%, more than RY's 3.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 4.29% | 5.65% | 4.40% | 4.24% | 3.27% | 4.10% | 3.89% | 4.09% | 3.08% | 3.29% | 4.07% | 3.54% |
RY Royal Bank of Canada | 3.23% | 3.39% | 3.93% | 4.12% | 3.28% | 3.86% | 3.88% | 4.29% | 3.28% | 3.59% | 4.54% | 3.73% |
Drawdowns
TD vs. RY - Drawdown Comparison
The maximum TD drawdown since its inception was -64.16%, roughly equal to the maximum RY drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for TD and RY.
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Volatility
TD vs. RY - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 4.14%, while Royal Bank of Canada (RY) has a volatility of 4.77%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
TD vs. RY - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and Royal Bank of Canada. 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