Royal Bank Of Canada (RY) vs Toronto Dominion Bank (TD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Toronto Dominion Bank (TD) has outperformed Royal Bank Of Canada (RY) over the past year, gaining 40.7% versus a gain of 31.1%. Over five years, RY leads with a +81.3% price change compared with +62.0% for TD. Royal Bank Of Canada is the larger company by market cap ($264.73 billion vs $185.95 billion), about 1.4 times the size.
On valuation, Toronto Dominion Bank trades at a lower forward P/E (14.5x vs 15.2x for Royal Bank Of Canada). Toronto Dominion Bank offers the higher dividend yield (3.80% vs 3.44%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | RY | TD |
|---|---|---|
| Share price | $191.22 | $113.87 |
| Market cap | $264.73B | $185.95B |
| 1-day change | -2.61% | -3.65% |
| YTD return | +12.16% | +20.88% |
| 1-year return | +31.09% | +40.74% |
| 5-year return | +81.27% | +61.95% |
| P/E ratio (TTM) | 16.72 | 16.89 |
| Forward P/E | 15.20 | 14.46 |
| EPS (TTM) | $11.44 | $6.74 |
| Dividend yield | 3.44% | 3.80% |
| Annual dividend | $6.58 | $4.33 |
| 52-week high | $218.57 | $125.47 |
| 52-week low | $143.13 | $77.95 |
| Distance from 52-week high | -12.51% | -9.25% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +8.43% | +4.87% |
| Average volume | 1.25M | 2.31M |
| Shares outstanding | 1.38B | 1.63B |
| Employees | 101,269 | 105,005 |
| Sector | Finance | Finance |
| Industry | Commercial Banks | Commercial Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
About Royal Bank Of Canada
RY stock →Royal Bank of Canada operates as a diversified financial service company worldwide. Its Personal Banking segment offers home equity financing, personal lending, chequing and savings accounts, private banking, auto financing, mutual funds, GICs, credit cards, and payment products and solutions.
Finance · Commercial Banks · 101,269 employees
About Toronto Dominion Bank
TD stock →The Toronto-Dominion Bank, together with its subsidiaries, provides various financial products and services in Canada, the United States, and internationally. It operates through four segments: Canadian Personal and Commercial Banking; U.S.
Finance · Commercial Banks · 105,005 employees
RY vs TD FAQ
Which is bigger, Royal Bank Of Canada or Toronto Dominion Bank?
Royal Bank Of Canada (RY) is larger, with a market capitalization of $264.73B compared with $185.95B for Toronto Dominion Bank (TD).
Which stock has performed better over the past year, RY or TD?
TD returned +40.74% over the past 12 months, compared with +31.09% for RY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, RY or TD?
RY has the lower trailing P/E at 16.7, versus 16.9 for TD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Royal Bank Of Canada or Toronto Dominion Bank?
Toronto Dominion Bank has the higher yield at 3.80%, compared with 3.44% for Royal Bank Of Canada.
Are Royal Bank Of Canada and Toronto Dominion Bank in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.