TD vs. VOO
TD (The Toronto-Dominion Bank) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TD returned 15.64%/yr vs 15.77%/yr for VOO. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
TD vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TD achieves a 29.01% return, which is significantly higher than VOO's 9.75% return. Both investments have delivered pretty close results over the past 10 years, with TD having a 15.64% annualized return and VOO not far ahead at 15.77%.
TD
- 1D
- 0.24%
- 1M
- 6.89%
- YTD
- 29.01%
- 6M
- 30.62%
- 1Y
- 74.89%
- 3Y*
- 32.54%
- 5Y*
- 16.11%
- 10Y*
- 15.64%
VOO
- 1D
- -0.29%
- 1M
- 0.08%
- YTD
- 9.75%
- 6M
- 9.30%
- 1Y
- 26.77%
- 3Y*
- 21.36%
- 5Y*
- 13.58%
- 10Y*
- 15.77%
TD vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 29.01% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
VOO Vanguard S&P 500 ETF | 9.75% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between TD and VOO is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.60 |
The correlation between TD and VOO shifts across timeframes, from 0.49 (3 years) to 0.60 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TD vs. VOO — Risk / Return Rank
TD
VOO
TD vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.39 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 10.04 | 3.02 | +7.01 |
| Martin ratioReturn relative to average drawdown | 39.19 | 13.58 | +25.60 |
Loading charts...
Drawdowns
TD vs. VOO - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TD and VOO.
Loading charts...
Drawdown Indicators
| TD | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -33.99% | -30.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -8.90% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -18.69% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -24.52% | -6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -33.99% | -7.99% |
Current DrawdownCurrent decline from peak | 0.00% | -1.74% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -3.68% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.98% | -0.06% |
Volatility
TD vs. VOO - Volatility Comparison
The Toronto-Dominion Bank (TD) and Vanguard S&P 500 ETF (VOO) have volatilities of 4.57% and 4.60%, 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.
Loading charts...
Volatility by Period
| TD | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.57% | 4.60% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 9.73% | +2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.58% | 12.39% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.83% | 16.90% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 18.05% | +3.67% |
Dividends
TD vs. VOO - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.57%, more than VOO's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 2.57% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
VOO Vanguard S&P 500 ETF | 1.04% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
TD and VOO have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.60%) compared to TD (4.57%). In terms of maximum drawdown, TD dropped -64.18% vs VOO's -33.99%.
TD currently has the higher Sharpe Ratio (4.55 vs 2.17), 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.
Find the right allocation for TD and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer