TFII.TO vs. MSCI
TFII.TO (TFI International Inc.) and MSCI (MSCI Inc.) are both stocks. TFII.TO operates in Trucking (Industrials), while MSCI operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, TFII.TO returned 27.43%/yr vs 25.61%/yr for MSCI. At a 0.22 correlation, their price movements are largely independent.
Performance
TFII.TO vs. MSCI - Performance Comparison
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Different Trading Currencies
TFII.TO is traded in CAD, while MSCI is traded in USD. To make them comparable, the MSCI values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TFII.TO achieves a 58.86% return, which is significantly higher than MSCI's 7.35% return. Over the past 10 years, TFII.TO has outperformed MSCI with an annualized return of 27.43%, while MSCI has yielded a comparatively lower 25.61% annualized return.
TFII.TO
- 1D
- 1.40%
- 1M
- 14.53%
- YTD
- 58.86%
- 6M
- 60.15%
- 1Y
- 87.15%
- 3Y*
- 18.95%
- 5Y*
- 16.22%
- 10Y*
- 27.43%
MSCI
- 1D
- 0.99%
- 1M
- 7.61%
- YTD
- 7.35%
- 6M
- 11.10%
- 1Y
- 15.03%
- 3Y*
- 10.64%
- 5Y*
- 8.82%
- 10Y*
- 25.61%
TFII.TO vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TFII.TO TFI International Inc. | 58.86% | -25.45% | 9.01% | 34.47% | -3.27% | 118.27% | 53.29% | 27.01% | 9.91% | -3.38% |
MSCI MSCI Inc. | 7.35% | -7.59% | 16.39% | 19.98% | -18.48% | 38.07% | 70.25% | 69.89% | 27.87% | 51.62% |
Correlation
The correlation between TFII.TO and MSCI is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2007 | 0.22 |
The correlation between TFII.TO and MSCI shifts across timeframes, from 0.07 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TFII.TO:
CA$18.48B
MSCI:
$43.98B
TFII.TO:
$3.93
MSCI:
$17.28
TFII.TO:
40.81
MSCI:
34.67
TFII.TO:
1.55
MSCI:
14.12
TFII.TO:
$8.59B
MSCI:
$3.24B
TFII.TO:
$1.03B
MSCI:
$2.68B
TFII.TO:
$1.25B
MSCI:
$1.99B
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Return for Risk
TFII.TO vs. MSCI — Risk / Return Rank
TFII.TO
MSCI
TFII.TO vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TFI International Inc. (TFII.TO) and MSCI Inc. (MSCI). 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.
| TFII.TO | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.10 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 0.64 | +3.46 |
| Martin ratioReturn relative to average drawdown | 13.08 | 1.80 | +11.28 |
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Drawdowns
TFII.TO vs. MSCI - Drawdown Comparison
The maximum TFII.TO drawdown since its inception was -79.23%, which is greater than MSCI's maximum drawdown of -60.40%. Use the drawdown chart below to compare losses from any high point for TFII.TO and MSCI.
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Drawdown Indicators
| TFII.TO | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.23% | -60.40% | -18.83% |
Max Drawdown (1Y)Largest decline over 1 year | -20.53% | -18.58% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -51.49% | -24.53% | -26.96% |
Max Drawdown (5Y)Largest decline over 5 years | -51.49% | -41.93% | -9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -51.49% | -41.93% | -9.56% |
Current DrawdownCurrent decline from peak | -1.54% | -5.76% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -16.77% | -11.67% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.42% | 6.62% | -0.20% |
Volatility
TFII.TO vs. MSCI - Volatility Comparison
TFI International Inc. (TFII.TO) has a higher volatility of 9.93% compared to MSCI Inc. (MSCI) at 8.53%. This indicates that TFII.TO's price experiences larger fluctuations and is considered to be riskier than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFII.TO | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.93% | 8.53% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 21.24% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.24% | 29.14% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.98% | 31.26% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.79% | 31.86% | +2.93% |
Dividends
TFII.TO vs. MSCI - Dividend Comparison
TFII.TO's dividend yield for the trailing twelve months is around 1.13%, less than MSCI's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSCI MSCI Inc. | 1.29% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
TFII.TO TFI International Inc. | 1.13% | 1.78% | 1.17% | 1.08% | 1.08% | 0.68% | 1.63% | 2.24% | 2.46% | 2.37% | 2.01% | 2.88% |
Financials
TFII.TO vs. MSCI - Financials Comparison
This section allows you to compare key financial metrics between TFI International Inc. and MSCI 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
TFII.TO vs. MSCI - Profitability Comparison
TFII.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TFI International Inc. reported a gross profit of 196.80M and revenue of 1.92B. Therefore, the gross margin over that period was 10.3%.
MSCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a gross profit of 709.00M and revenue of 850.80M. Therefore, the gross margin over that period was 83.3%.
TFII.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TFI International Inc. reported an operating income of 84.82M and revenue of 1.92B, resulting in an operating margin of 4.4%.
MSCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported an operating income of 456.90M and revenue of 850.80M, resulting in an operating margin of 53.7%.
TFII.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TFI International Inc. reported a net income of 42.60M and revenue of 1.92B, resulting in a net margin of 2.2%.
MSCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a net income of 406.00M and revenue of 850.80M, resulting in a net margin of 47.7%.
Frequently Asked Questions
TFII.TO and MSCI have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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