TD vs. SPGI
TD (The Toronto-Dominion Bank) and SPGI (S&P Global Inc.) are both stocks. Both are in the Financial Services sector — TD in Banks - Diversified, SPGI in Financial Data & Stock Exchanges. Over the past 10 years, TD returned 15.16%/yr vs 15.70%/yr for SPGI. At a 0.38 correlation, their price movements are largely independent.
Performance
TD vs. SPGI - 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 SPGI's -19.47% return. Both investments have delivered pretty close results over the past 10 years, with TD having a 15.16% annualized return and SPGI not far ahead at 15.70%.
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%
SPGI
- 1D
- 1.35%
- 1M
- 4.15%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -15.77%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
TD vs. SPGI - 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% |
SPGI S&P Global Inc. | -19.47% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
Correlation
The correlation between TD and SPGI is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.38 |
Over the past year, the correlation between TD and SPGI has dropped to 0.15 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
TD:
$143.77B
SPGI:
$124.67B
TD:
CA$10.11
SPGI:
$15.79
TD:
16.22
SPGI:
26.53
TD:
0.58
SPGI:
3.47
TD:
2.15
SPGI:
8.06
TD:
1.78
SPGI:
3.98
TD:
CA$112.63B
SPGI:
$15.73B
TD:
CA$59.49B
SPGI:
$8.15B
TD:
CA$19.99B
SPGI:
$7.83B
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Return for Risk
TD vs. SPGI — Risk / Return Rank
TD
SPGI
TD vs. SPGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and S&P Global Inc. (SPGI). 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 | SPGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.96 | ||
| Sortino ratioReturn per unit of downside risk | +6.08 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 0.91 | +0.81 |
| Calmar ratioReturn relative to maximum drawdown | 9.63 | -0.54 | +10.17 |
| Martin ratioReturn relative to average drawdown | 37.58 | -1.03 | +38.61 |
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Drawdowns
TD vs. SPGI - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum SPGI drawdown of -74.67%. Use the drawdown chart below to compare losses from any high point for TD and SPGI.
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Drawdown Indicators
| TD | SPGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -74.67% | +10.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -30.48% | +22.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -30.48% | +11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -39.76% | +8.83% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -39.76% | -2.22% |
Current DrawdownCurrent decline from peak | 0.00% | -25.12% | +25.12% |
Average DrawdownAverage peak-to-trough decline | -11.22% | -15.23% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 16.07% | -14.15% |
Volatility
TD vs. SPGI - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 5.00%, while S&P Global Inc. (SPGI) has a volatility of 7.62%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than SPGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | SPGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 7.62% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.55% | 24.13% | -11.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 27.63% | -11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 24.51% | -4.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 26.03% | -4.31% |
Dividends
TD vs. SPGI - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.62%, more than SPGI's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | 0.92% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
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. SPGI - Financials Comparison
This section allows you to compare key financial metrics between The Toronto-Dominion Bank and S&P Global 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
TD vs. SPGI - 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%.
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
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%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
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%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
Frequently Asked Questions
TD and SPGI have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (7.62%) compared to TD (5.00%). In terms of maximum drawdown, TD dropped -64.18% vs SPGI's -74.67%.
TD currently has the higher Sharpe Ratio (4.36 vs -0.60), 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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