TIH.TO vs. DFY.TO
TIH.TO (Toromont Industries Ltd.) and DFY.TO (Definity Financial Corp) are both stocks. TIH.TO operates in Industrial Distribution (Industrials), while DFY.TO operates in Insurance - Property & Casualty (Financial Services). Over the past 3 years, TIH.TO returned 30.25%/yr vs 26.58%/yr for DFY.TO. At a 0.19 correlation, their price movements are largely independent.
Performance
TIH.TO vs. DFY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TIH.TO achieves a 34.71% return, which is significantly higher than DFY.TO's -7.17% return.
TIH.TO
- 1D
- -0.12%
- 1M
- 2.66%
- YTD
- 34.71%
- 6M
- 36.56%
- 1Y
- 88.16%
- 3Y*
- 30.25%
- 5Y*
- 17.44%
- 10Y*
- 21.55%
DFY.TO
- 1D
- 2.57%
- 1M
- 2.45%
- YTD
- -7.17%
- 6M
- -0.04%
- 1Y
- -4.42%
- 3Y*
- 26.58%
- 5Y*
- —
- 10Y*
- —
TIH.TO vs. DFY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TIH.TO Toromont Industries Ltd. | 34.71% | 48.42% | -0.52% | 20.67% | -13.29% | 1.32% |
DFY.TO Definity Financial Corp | -7.17% | 31.30% | 57.75% | -0.94% | 32.39% | 5.46% |
Correlation
The correlation between TIH.TO and DFY.TO is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2021 | 0.19 |
The correlation between TIH.TO and DFY.TO shifts across timeframes, from -0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TIH.TO:
CA$18.31B
DFY.TO:
CA$8.56B
TIH.TO:
CA$6.29
DFY.TO:
CA$3.24
TIH.TO:
35.38
DFY.TO:
21.68
TIH.TO:
2.91
DFY.TO:
1.33
TIH.TO:
3.41
DFY.TO:
1.50
TIH.TO:
5.46
DFY.TO:
2.10
TIH.TO:
CA$5.34B
DFY.TO:
CA$5.62B
TIH.TO:
CA$1.39B
DFY.TO:
CA$2.65B
TIH.TO:
CA$1.06B
DFY.TO:
CA$733.60M
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Return for Risk
TIH.TO vs. DFY.TO — Risk / Return Rank
TIH.TO
DFY.TO
TIH.TO vs. DFY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toromont Industries Ltd. (TIH.TO) and Definity Financial Corp (DFY.TO). 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.
| TIH.TO | DFY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.98 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 0.99 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 8.22 | -0.21 | +8.43 |
| Martin ratioReturn relative to average drawdown | 28.90 | -0.38 | +29.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TIH.TO | DFY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.79 | -0.20 | +3.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.06 | -0.39 |
Drawdowns
TIH.TO vs. DFY.TO - Drawdown Comparison
The maximum TIH.TO drawdown since its inception was -39.19%, which is greater than DFY.TO's maximum drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for TIH.TO and DFY.TO.
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Drawdown Indicators
| TIH.TO | DFY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.19% | -20.98% | -18.21% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -20.98% | +10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.53% | -20.98% | +2.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.45% | — | — |
Current DrawdownCurrent decline from peak | -2.00% | -10.74% | +8.74% |
Average DrawdownAverage peak-to-trough decline | -8.17% | -6.38% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 11.76% | -8.68% |
Volatility
TIH.TO vs. DFY.TO - Volatility Comparison
The current volatility for Toromont Industries Ltd. (TIH.TO) is 7.26%, while Definity Financial Corp (DFY.TO) has a volatility of 8.76%. This indicates that TIH.TO experiences smaller price fluctuations and is considered to be less risky than DFY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIH.TO | DFY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 8.76% | -1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 18.69% | 17.93% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.71% | 22.40% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.16% | 23.51% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 23.51% | -0.64% |
Dividends
TIH.TO vs. DFY.TO - Dividend Comparison
TIH.TO's dividend yield for the trailing twelve months is around 0.97%, less than DFY.TO's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFY.TO Definity Financial Corp | 1.11% | 0.99% | 1.09% | 1.47% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIH.TO Toromont Industries Ltd. | 0.97% | 1.25% | 1.69% | 1.48% | 1.60% | 1.19% | 1.39% | 1.53% | 1.70% | 1.38% | 1.70% | 2.16% |
Financials
TIH.TO vs. DFY.TO - Financials Comparison
This section allows you to compare key financial metrics between Toromont Industries Ltd. and Definity Financial Corp. 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
TIH.TO vs. DFY.TO - Profitability Comparison
TIH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported a gross profit of 317.34M and revenue of 1.23B. Therefore, the gross margin over that period was 25.8%.
DFY.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported a gross profit of 1.92B and revenue of 1.92B. Therefore, the gross margin over that period was 100.0%.
TIH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported an operating income of 143.03M and revenue of 1.23B, resulting in an operating margin of 11.7%.
DFY.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported an operating income of 92.20M and revenue of 1.92B, resulting in an operating margin of 4.8%.
TIH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Toromont Industries Ltd. reported a net income of 92.70M and revenue of 1.23B, resulting in a net margin of 7.6%.
DFY.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Definity Financial Corp reported a net income of 63.90M and revenue of 1.92B, resulting in a net margin of 3.3%.
Frequently Asked Questions
TIH.TO and DFY.TO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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