Mitsubishi UFJ Financial Group Inc. vs The Toronto Dominion Bank
WatchlistMUFG / TDPrices through Oct 22, 2026
Why these are rivals: #2 and #3 by market value ($257B vs $196B) in Nasdaq's "Commercial Banks" industry; SEC SIC 6029 / 6029 (same major group); #2 and #3 by market value ($257B vs $196B) with SEC SIC 6029 (Commercial Banks, NEC).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.50 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.57 (needs <= -2.873 (5% critical value))
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
No SEC revenue figures for both companies.
Market value: MUFG $257.1B, TD $196.1B.
Stock leadership
TD is ahead now
Measured against the pair's own last 252 trading days.
TD leads MUFG by 1.16 standard deviations: +6.4% over its usual price ratio. 4 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| MUFG | -6.5% | +24.3% | +40.2% |
| TD | +4.5% | +19.1% | +55.7% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2515 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.50 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.57 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 18.36 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
MUFG Mitsubishi UFJ Financial Group Inc. TD The Toronto Dominion BankPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: MUFG relative to TD, against the 252 sessions before each day. Above 0: MUFG ahead; below 0: TD ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | MUFG index | TD index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 194.81 | 222.04 | -1.16 | TD ahead |
| 2026-10-21 | 198.09 | 221.30 | -0.79 | TD ahead |
| 2026-10-20 | 195.27 | 216.73 | -0.68 | TD ahead |
| 2026-10-19 | 197.09 | 213.06 | -0.19 | near the usual relationship |
| 2026-10-16 | 199.09 | 213.65 | -0.06 | near the usual relationship |
| 2026-10-15 | 198.91 | 212.55 | +0.02 | near the usual relationship |
| 2026-10-14 | 199.09 | 208.75 | +0.37 | near the usual relationship |
| 2026-10-13 | 203.82 | 209.32 | +0.75 | MUFG ahead |
| 2026-10-12 | 203.37 | 206.73 | +0.94 | MUFG ahead |
| 2026-10-09 | 203.64 | 204.26 | +1.19 | MUFG ahead |
| 2026-10-08 | 204.55 | 202.38 | +1.46 | MUFG ahead |
| 2026-10-07 | 206.10 | 202.08 | +1.63 | MUFG ahead |
| 2026-10-06 | 211.10 | 209.72 | +1.39 | MUFG ahead |
| 2026-10-05 | 209.01 | 207.81 | +1.38 | MUFG ahead |
| 2026-10-02 | 207.64 | 209.19 | +1.13 | MUFG ahead |
| 2026-10-01 | 205.82 | 208.71 | +1.00 | MUFG ahead |
| 2026-09-30 | 209.92 | 208.57 | +1.38 | MUFG ahead |
| 2026-09-29 | 210.46 | 211.18 | +1.19 | MUFG ahead |
| 2026-09-28 | 212.65 | 212.16 | +1.29 | MUFG ahead |
| 2026-09-25 | 213.65 | 214.11 | +1.19 | MUFG ahead |
| 2026-09-24 | 205.37 | 211.64 | +0.67 | MUFG ahead |
| 2026-09-23 | 207.64 | 211.91 | +0.84 | MUFG ahead |
| 2026-09-22 | 210.10 | 217.66 | +0.56 | MUFG ahead |
| 2026-09-21 | 213.10 | 220.12 | +0.61 | MUFG ahead |
| 2026-09-18 | 210.46 | 217.09 | +0.62 | MUFG ahead |
| 2026-09-17 | 213.83 | 216.17 | +0.98 | MUFG ahead |
| 2026-09-16 | 210.92 | 214.02 | +0.91 | MUFG ahead |
| 2026-09-15 | 215.74 | 215.56 | +1.17 | MUFG ahead |
| 2026-09-14 | 217.38 | 214.61 | +1.38 | MUFG ahead |
| 2026-09-11 | 217.38 | 214.68 | +1.36 | MUFG ahead |
| 2026-09-10 | 211.92 | 213.20 | +1.02 | MUFG ahead |
| 2026-09-09 | 210.56 | 211.43 | +1.04 | MUFG ahead |
| 2026-09-08 | 214.74 | 213.88 | +1.17 | MUFG ahead |
| 2026-09-04 | 219.20 | 215.85 | +1.36 | MUFG ahead |
| 2026-09-03 | 219.56 | 218.83 | +1.15 | MUFG ahead |
| 2026-09-02 | 213.10 | 215.56 | +0.89 | MUFG ahead |
| 2026-09-01 | 207.73 | 212.07 | +0.72 | MUFG ahead |
| 2026-08-31 | 207.01 | 214.57 | +0.46 | near the usual relationship |
| 2026-08-28 | 208.37 | 215.17 | +0.51 | MUFG ahead |
| 2026-08-27 | 204.19 | 214.89 | +0.19 | near the usual relationship |
| 2026-08-26 | 204.19 | 211.94 | +0.40 | near the usual relationship |
| 2026-08-25 | 202.27 | 211.30 | +0.29 | near the usual relationship |
| 2026-08-24 | 199.82 | 206.83 | +0.43 | near the usual relationship |
| 2026-08-21 | 200.55 | 207.90 | +0.40 | near the usual relationship |
| 2026-08-20 | 196.18 | 207.36 | +0.08 | near the usual relationship |
| 2026-08-19 | 196.18 | 210.03 | -0.13 | near the usual relationship |
| 2026-08-18 | 206.73 | 216.45 | +0.21 | near the usual relationship |
| 2026-08-17 | 209.55 | 220.66 | +0.11 | near the usual relationship |
| 2026-08-14 | 209.83 | 220.69 | +0.12 | near the usual relationship |
| 2026-08-13 | 210.19 | 218.47 | +0.30 | near the usual relationship |
| 2026-08-12 | 207.10 | 218.83 | +0.04 | near the usual relationship |
| 2026-08-11 | 201.27 | 215.39 | -0.16 | near the usual relationship |
| 2026-08-10 | 202.37 | 214.87 | -0.04 | near the usual relationship |
| 2026-08-07 | 204.64 | 215.28 | +0.10 | near the usual relationship |
| 2026-08-06 | 204.91 | 215.05 | +0.13 | near the usual relationship |
| 2026-08-05 | 204.00 | 215.00 | +0.07 | near the usual relationship |
| 2026-08-04 | 198.64 | 211.87 | -0.12 | near the usual relationship |
| 2026-08-03 | 204.64 | 215.00 | +0.11 | near the usual relationship |
| 2026-07-31 | 204.28 | 212.81 | +0.24 | near the usual relationship |
| 2026-07-30 | 204.73 | 212.53 | +0.29 | near the usual relationship |
| 2026-07-29 | 199.64 | 207.61 | +0.26 | near the usual relationship |
| 2026-07-28 | 204.09 | 213.68 | +0.16 | near the usual relationship |
| 2026-07-27 | 210.19 | 212.33 | +0.69 | MUFG ahead |
| 2026-07-24 | 208.28 | 212.56 | +0.54 | MUFG ahead |
| 2026-07-23 | 205.82 | 211.57 | +0.43 | near the usual relationship |
| 2026-07-22 | 203.91 | 215.26 | +0.03 | near the usual relationship |
| 2026-07-21 | 201.27 | 213.90 | -0.07 | near the usual relationship |
| 2026-07-20 | 194.81 | 213.84 | -0.55 | TD ahead |
| 2026-07-17 | 193.99 | 219.34 | -1.00 | TD ahead |
| 2026-07-16 | 201.36 | 219.88 | -0.48 | near the usual relationship |
| 2026-07-15 | 207.19 | 221.47 | -0.16 | near the usual relationship |
| 2026-07-14 | 204.73 | 218.07 | -0.11 | near the usual relationship |
| 2026-07-13 | 199.64 | 214.07 | -0.21 | near the usual relationship |
| 2026-07-10 | 197.00 | 213.90 | -0.40 | near the usual relationship |
| 2026-07-09 | 193.36 | 212.51 | -0.58 | TD ahead |
| 2026-07-08 | 191.81 | 210.40 | -0.56 | TD ahead |
| 2026-07-07 | 193.72 | 215.49 | -0.77 | TD ahead |
| 2026-07-06 | 192.63 | 214.09 | -0.76 | TD ahead |
| 2026-07-02 | 187.53 | 211.71 | -1.00 | TD ahead |
| 2026-07-01 | 184.44 | 216.95 | -1.64 | TD ahead |
| 2026-06-30 | 180.98 | 215.49 | -1.85 | TD ahead |
| 2026-06-29 | 181.80 | 213.54 | -1.65 | TD ahead |
| 2026-06-26 | 183.44 | 212.28 | -1.44 | TD ahead |
| 2026-06-25 | 182.17 | 213.82 | -1.67 | TD ahead |
| 2026-06-24 | 180.25 | 210.86 | -1.64 | TD ahead |
| 2026-06-23 | 183.53 | 212.05 | -1.46 | TD ahead |
| 2026-06-22 | 189.81 | 212.21 | -0.95 | TD ahead |
| 2026-06-18 | 191.81 | 211.69 | -0.75 | TD ahead |
| 2026-06-17 | 188.81 | 210.29 | -0.90 | TD ahead |
| 2026-06-16 | 184.71 | 209.78 | -1.22 | TD ahead |
| 2026-06-15 | 183.62 | 208.23 | -1.20 | TD ahead |
| 2026-06-12 | 183.44 | 208.22 | -1.23 | TD ahead |
| 2026-06-11 | 182.71 | 206.30 | -1.15 | TD ahead |
| 2026-06-10 | 178.98 | 203.19 | -1.25 | TD ahead |
| 2026-06-09 | 180.44 | 203.44 | -1.15 | TD ahead |
| 2026-06-08 | 181.26 | 202.61 | -1.02 | TD ahead |
| 2026-06-05 | 181.16 | 200.82 | -0.90 | TD ahead |
| 2026-06-04 | 182.44 | 201.86 | -0.87 | TD ahead |
| 2026-06-03 | 176.98 | 199.40 | -1.17 | TD ahead |
| 2026-06-02 | 174.43 | 201.10 | -1.55 | TD ahead |
| 2026-06-01 | 171.88 | 196.50 | -1.43 | TD ahead |
| 2026-05-29 | 170.25 | 201.56 | -2.01 | TD ahead |
| 2026-05-28 | 171.25 | 201.14 | -1.90 | TD ahead |
| 2026-05-27 | 172.70 | 199.11 | -1.61 | TD ahead |
| 2026-05-26 | 175.89 | 199.75 | -1.38 | TD ahead |
| 2026-05-22 | 176.52 | 198.53 | -1.23 | TD ahead |
| 2026-05-21 | 176.34 | 197.18 | -1.15 | TD ahead |
| 2026-05-20 | 178.34 | 194.46 | -0.75 | TD ahead |
| 2026-05-19 | 176.98 | 191.50 | -0.64 | TD ahead |
| 2026-05-18 | 174.61 | 192.33 | -0.92 | TD ahead |
| 2026-05-15 | 171.43 | 191.02 | -1.11 | TD ahead |
| 2026-05-14 | 168.15 | 192.09 | -1.52 | TD ahead |
| 2026-05-13 | 169.34 | 189.07 | -1.17 | TD ahead |
| 2026-05-12 | 167.97 | 191.23 | -1.48 | TD ahead |
| 2026-05-11 | 165.51 | 190.04 | -1.63 | TD ahead |
| 2026-05-08 | 163.33 | 190.70 | -1.92 | TD ahead |
| 2026-05-07 | 163.79 | 191.13 | -1.93 | TD ahead |
| 2026-05-06 | 167.33 | 192.72 | -1.74 | TD ahead |
| 2026-05-05 | 161.60 | 188.00 | -1.93 | TD ahead |
| 2026-05-04 | 159.87 | 188.55 | -2.18 | TD ahead |
| 2026-05-01 | 160.96 | 190.43 | -2.26 | TD ahead |
| 2026-04-30 | 163.33 | 191.13 | -2.11 | TD ahead |
| 2026-04-29 | 158.69 | 185.11 | -2.08 | TD ahead |
| 2026-04-28 | 159.60 | 187.03 | -2.19 | TD ahead |
| 2026-04-27 | 158.69 | 187.47 | -2.36 | TD ahead |
| 2026-04-24 | 157.32 | 186.39 | -2.45 | TD ahead |
| 2026-04-23 | 156.69 | 186.39 | -2.56 | TD ahead |
| 2026-04-22 | 158.14 | 185.57 | -2.36 | TD ahead |
| 2026-04-21 | 159.51 | 186.92 | -2.37 | TD ahead |
| 2026-04-20 | 165.88 | 188.89 | -1.88 | TD ahead |
| 2026-04-17 | 168.43 | 186.96 | -1.44 | TD ahead |
| 2026-04-16 | 167.24 | 184.63 | -1.35 | TD ahead |
| 2026-04-15 | 167.88 | 184.54 | -1.28 | TD ahead |
| 2026-04-14 | 165.33 | 183.02 | -1.42 | TD ahead |
| 2026-04-13 | 165.88 | 181.08 | -1.18 | TD ahead |
| 2026-04-10 | 164.24 | 178.72 | -1.13 | TD ahead |
| 2026-04-09 | 165.15 | 177.23 | -0.88 | TD ahead |
| 2026-04-08 | 167.70 | 176.22 | -0.50 | TD ahead |
| 2026-04-07 | 160.51 | 172.12 | -0.88 | TD ahead |
| 2026-04-06 | 159.96 | 170.17 | -0.74 | TD ahead |
| 2026-04-02 | 159.05 | 168.98 | -0.72 | TD ahead |
| 2026-04-01 | 161.06 | 168.06 | -0.41 | near the usual relationship |
| 2026-03-31 | 154.41 | 165.59 | -0.88 | TD ahead |
| 2026-03-30 | 148.50 | 162.47 | -1.21 | TD ahead |
| 2026-03-27 | 148.59 | 162.15 | -1.16 | TD ahead |
| 2026-03-26 | 151.23 | 164.76 | -1.13 | TD ahead |
| 2026-03-25 | 154.32 | 167.35 | -1.05 | TD ahead |
| 2026-03-24 | 152.14 | 165.98 | -1.13 | TD ahead |
| 2026-03-23 | 151.59 | 166.16 | -1.19 | TD ahead |
| 2026-03-20 | 149.68 | 163.25 | -1.12 | TD ahead |
| 2026-03-19 | 153.78 | 166.05 | -0.97 | TD ahead |
| 2026-03-18 | 152.14 | 167.38 | -1.24 | TD ahead |
| 2026-03-17 | 153.23 | 170.42 | -1.40 | TD ahead |
| 2026-03-16 | 152.23 | 169.02 | -1.38 | TD ahead |
| 2026-03-13 | 149.50 | 165.47 | -1.34 | TD ahead |
| 2026-03-12 | 149.77 | 166.87 | -1.45 | TD ahead |
| 2026-03-11 | 154.41 | 170.19 | -1.31 | TD ahead |
| 2026-03-10 | 158.78 | 170.20 | -0.93 | TD ahead |
| 2026-03-09 | 157.23 | 169.16 | -0.98 | TD ahead |
| 2026-03-06 | 155.05 | 169.64 | -1.22 | TD ahead |
| 2026-03-05 | 156.78 | 172.26 | -1.29 | TD ahead |
| 2026-03-04 | 160.15 | 175.21 | -1.24 | TD ahead |
| 2026-03-03 | 159.33 | 173.42 | -1.18 | TD ahead |
| 2026-03-02 | 164.60 | 174.37 | -0.82 | TD ahead |
| 2026-02-27 | 169.61 | 172.78 | -0.29 | near the usual relationship |
| 2026-02-26 | 172.43 | 175.30 | -0.27 | near the usual relationship |
| 2026-02-25 | 169.52 | 172.46 | -0.28 | near the usual relationship |
| 2026-02-24 | 170.25 | 168.75 | +0.07 | near the usual relationship |
| 2026-02-23 | 173.25 | 170.04 | +0.19 | near the usual relationship |
| 2026-02-20 | 176.16 | 172.12 | +0.25 | near the usual relationship |
| 2026-02-19 | 175.25 | 170.03 | +0.34 | near the usual relationship |
| 2026-02-18 | 175.61 | 170.61 | +0.31 | near the usual relationship |
| 2026-02-17 | 175.16 | 169.65 | +0.35 | near the usual relationship |
| 2026-02-13 | 179.53 | 169.16 | +0.72 | MUFG ahead |
| 2026-02-12 | 178.34 | 169.71 | +0.59 | MUFG ahead |
| 2026-02-11 | 178.53 | 172.64 | +0.37 | near the usual relationship |
| 2026-02-10 | 176.43 | 174.94 | +0.03 | near the usual relationship |
| 2026-02-09 | 174.80 | 174.29 | -0.04 | near the usual relationship |
| 2026-02-06 | 174.16 | 171.57 | +0.11 | near the usual relationship |
| 2026-02-05 | 166.06 | 168.45 | -0.28 | near the usual relationship |
| 2026-02-04 | 168.79 | 169.39 | -0.15 | near the usual relationship |
| 2026-02-03 | 168.52 | 169.46 | -0.18 | near the usual relationship |
| 2026-02-02 | 165.97 | 167.74 | -0.25 | near the usual relationship |
| 2026-01-30 | 164.24 | 165.91 | -0.25 | near the usual relationship |
| 2026-01-29 | 165.61 | 168.46 | -0.35 | near the usual relationship |
| 2026-01-28 | 163.33 | 166.14 | -0.35 | near the usual relationship |
| 2026-01-27 | 165.15 | 170.49 | -0.54 | TD ahead |
| 2026-01-26 | 162.42 | 168.39 | -0.60 | TD ahead |
| 2026-01-23 | 162.69 | 168.78 | -0.62 | TD ahead |
| 2026-01-22 | 162.88 | 168.07 | -0.56 | TD ahead |
| 2026-01-21 | 166.15 | 166.21 | -0.17 | near the usual relationship |
| 2026-01-20 | 166.33 | 164.95 | -0.06 | near the usual relationship |
| 2026-01-16 | 171.97 | 166.55 | +0.23 | near the usual relationship |
| 2026-01-15 | 169.52 | 166.94 | +0.02 | near the usual relationship |
| 2026-01-14 | 165.24 | 166.39 | -0.27 | near the usual relationship |
| 2026-01-13 | 159.14 | 166.74 | -0.77 | TD ahead |
| 2026-01-12 | 156.87 | 167.03 | -0.98 | TD ahead |
| 2026-01-09 | 155.51 | 167.31 | -1.11 | TD ahead |
| 2026-01-08 | 152.68 | 167.88 | -1.39 | TD ahead |
| 2026-01-07 | 149.95 | 166.69 | -1.54 | TD ahead |
| 2026-01-06 | 149.50 | 167.93 | -1.69 | TD ahead |
| 2026-01-05 | 148.41 | 170.56 | -2.00 | TD ahead |
| 2026-01-02 | 145.31 | 167.77 | -2.08 | TD ahead |
| 2025-12-31 | 144.31 | 167.17 | -2.15 | TD ahead |
| 2025-12-30 | 144.95 | 168.07 | -2.19 | TD ahead |
| 2025-12-29 | 144.59 | 167.83 | -2.23 | TD ahead |
| 2025-12-26 | 144.59 | 167.97 | -2.27 | TD ahead |
| 2025-12-24 | 145.13 | 167.72 | -2.23 | TD ahead |
| 2025-12-23 | 146.59 | 167.01 | -2.07 | TD ahead |
| 2025-12-22 | 144.40 | 165.11 | -2.14 | TD ahead |
| 2025-12-19 | 143.22 | 164.72 | -2.25 | TD ahead |
| 2025-12-18 | 141.86 | 164.19 | -2.36 | TD ahead |
| 2025-12-17 | 141.40 | 161.76 | -2.23 | TD ahead |
| 2025-12-16 | 143.40 | 162.64 | -2.14 | TD ahead |
| 2025-12-15 | 149.14 | 163.34 | -1.68 | TD ahead |
| 2025-12-12 | 145.68 | 162.24 | -1.93 | TD ahead |
| 2025-12-11 | 145.59 | 162.96 | -2.02 | TD ahead |
| 2025-12-10 | 144.22 | 161.95 | -2.08 | TD ahead |
| 2025-12-09 | 142.04 | 158.19 | -1.98 | TD ahead |
| 2025-12-08 | 144.86 | 156.40 | -1.58 | TD ahead |
| 2025-12-05 | 148.13 | 156.73 | -1.31 | TD ahead |
| 2025-12-04 | 145.77 | 152.76 | -1.19 | TD ahead |
| 2025-12-03 | 143.77 | 149.72 | -1.12 | TD ahead |
| 2025-12-02 | 145.40 | 150.04 | -1.00 | TD ahead |
| 2025-12-01 | 144.86 | 148.18 | -0.88 | TD ahead |
| 2025-11-28 | 143.59 | 148.94 | -1.08 | TD ahead |
| 2025-11-26 | 143.86 | 148.07 | -0.98 | TD ahead |
| 2025-11-25 | 140.95 | 146.07 | -1.08 | TD ahead |
| 2025-11-24 | 139.95 | 146.76 | -1.26 | TD ahead |
| 2025-11-21 | 138.31 | 145.61 | -1.32 | TD ahead |
| 2025-11-20 | 135.40 | 144.31 | -1.51 | TD ahead |
| 2025-11-19 | 138.85 | 144.79 | -1.21 | TD ahead |
| 2025-11-18 | 137.94 | 145.98 | -1.43 | TD ahead |
| 2025-11-17 | 140.31 | 144.54 | -1.06 | TD ahead |
| 2025-11-14 | 143.68 | 144.37 | -0.71 | TD ahead |
| 2025-11-13 | 140.49 | 144.37 | -1.04 | TD ahead |
| 2025-11-12 | 141.40 | 146.83 | -1.19 | TD ahead |
| 2025-11-11 | 138.22 | 144.81 | -1.33 | TD ahead |
| 2025-11-10 | 138.40 | 143.99 | -1.24 | TD ahead |
| 2025-11-07 | 137.22 | 143.57 | -1.32 | TD ahead |
| 2025-11-06 | 137.31 | 142.73 | -1.23 | TD ahead |
| 2025-11-05 | 137.12 | 143.14 | -1.30 | TD ahead |
| 2025-11-04 | 137.12 | 142.93 | -1.28 | TD ahead |
| 2025-11-03 | 138.03 | 145.39 | -1.43 | TD ahead |
| 2025-10-31 | 137.67 | 145.75 | -1.51 | TD ahead |
| 2025-10-30 | 137.67 | 145.36 | -1.47 | TD ahead |
| 2025-10-29 | 136.49 | 145.13 | -1.57 | TD ahead |
| 2025-10-28 | 137.31 | 146.80 | -1.65 | TD ahead |
| 2025-10-27 | 135.58 | 144.86 | -1.64 | TD ahead |
| 2025-10-24 | 134.39 | 143.74 | -1.65 | TD ahead |
| 2025-10-23 | 135.85 | 143.57 | -1.48 | TD ahead |
| 2025-10-22 | 136.85 | 143.48 | -1.38 | TD ahead |
| 2025-10-21 | 138.94 | 142.61 | -1.07 | TD ahead |
| 2025-10-20 | 140.40 | 141.74 | -0.83 | TD ahead |
| 2025-10-17 | 136.49 | 140.53 | -1.11 | TD ahead |
| 2025-10-16 | 137.49 | 139.70 | -0.92 | TD ahead |
| 2025-10-15 | 137.67 | 142.66 | -1.20 | TD ahead |
| 2025-10-14 | 136.40 | 140.89 | -1.14 | TD ahead |
| 2025-10-13 | 134.85 | 139.96 | -1.18 | TD ahead |
| 2025-10-10 | 133.03 | 138.99 | -1.24 | TD ahead |
| 2025-10-09 | 139.58 | 141.67 | -0.82 | TD ahead |
| 2025-10-08 | 139.76 | 142.77 | -0.88 | TD ahead |
| 2025-10-07 | 138.13 | 143.58 | -1.08 | TD ahead |
| 2025-10-06 | 141.40 | 144.15 | -0.80 | TD ahead |
| 2025-10-03 | 143.40 | 144.15 | -0.60 | TD ahead |
| 2025-10-02 | 140.31 | 141.31 | -0.61 | TD ahead |
| 2025-10-01 | 142.40 | 142.75 | -0.53 | TD ahead |
| 2025-09-30 | 145.04 | 141.88 | -0.22 | near the usual relationship |
| 2025-09-29 | 144.68 | 141.56 | -0.21 | near the usual relationship |
| 2025-09-26 | 145.95 | 140.64 | -0.02 | near the usual relationship |
| 2025-09-25 | 144.59 | 139.91 | -0.06 | near the usual relationship |
| 2025-09-24 | 145.04 | 138.65 | +0.09 | near the usual relationship |
| 2025-09-23 | 145.68 | 139.75 | +0.06 | near the usual relationship |
| 2025-09-22 | 146.04 | 140.69 | +0.02 | near the usual relationship |
| 2025-09-19 | 144.22 | 139.54 | -0.01 | near the usual relationship |
| 2025-09-18 | 142.13 | 139.13 | -0.13 | near the usual relationship |
| 2025-09-17 | 141.95 | 139.13 | -0.14 | near the usual relationship |
| 2025-09-16 | 141.22 | 138.21 | -0.11 | near the usual relationship |
| 2025-09-15 | 142.58 | 137.80 | +0.03 | near the usual relationship |
| 2025-09-12 | 141.67 | 136.27 | +0.09 | near the usual relationship |
| 2025-09-11 | 142.40 | 136.33 | +0.14 | near the usual relationship |
| 2025-09-10 | 143.22 | 134.62 | +0.34 | near the usual relationship |
| 2025-09-09 | 141.58 | 133.70 | +0.30 | near the usual relationship |
| 2025-09-08 | 141.86 | 132.60 | +0.41 | near the usual relationship |
| 2025-09-05 | 138.94 | 132.14 | +0.24 | near the usual relationship |
| 2025-09-04 | 139.95 | 132.58 | +0.28 | near the usual relationship |
| 2025-09-03 | 136.58 | 132.85 | +0.02 | near the usual relationship |
| 2025-09-02 | 139.40 | 132.26 | +0.28 | near the usual relationship |
| 2025-08-29 | 139.13 | 133.35 | +0.18 | near the usual relationship |
| 2025-08-28 | 140.13 | 129.28 | +0.57 | MUFG ahead |
| 2025-08-27 | 139.04 | 135.12 | +0.05 | near the usual relationship |
| 2025-08-26 | 141.40 | 133.52 | +0.34 | near the usual relationship |
| 2025-08-25 | 140.76 | 130.90 | +0.50 | MUFG ahead |
| 2025-08-22 | 141.95 | 132.00 | +0.51 | MUFG ahead |
| 2025-08-21 | 139.22 | 130.68 | +0.42 | near the usual relationship |
| 2025-08-20 | 139.85 | 130.81 | +0.46 | near the usual relationship |
| 2025-08-19 | 138.40 | 130.10 | +0.42 | near the usual relationship |
| 2025-08-18 | 142.31 | 131.16 | +0.62 | MUFG ahead |
| 2025-08-15 | 144.68 | 131.34 | +0.77 | MUFG ahead |
| 2025-08-14 | 139.58 | 132.24 | +0.36 | near the usual relationship |
| 2025-08-13 | 136.76 | 132.17 | +0.17 | near the usual relationship |
| 2025-08-12 | 137.40 | 129.92 | +0.39 | near the usual relationship |
| 2025-08-11 | 131.85 | 129.69 | +0.01 | near the usual relationship |
| 2025-08-08 | 132.48 | 129.99 | +0.05 | near the usual relationship |
| 2025-08-07 | 130.85 | 129.33 | -0.02 | near the usual relationship |
| 2025-08-06 | 128.30 | 130.33 | -0.28 | near the usual relationship |
| 2025-08-05 | 127.21 | 129.51 | -0.30 | near the usual relationship |
| 2025-08-04 | 125.39 | 130.40 | -0.50 | TD ahead |
| 2025-08-01 | 126.66 | 130.40 | -0.40 | near the usual relationship |
| 2025-07-31 | 126.48 | 129.33 | -0.34 | near the usual relationship |
| 2025-07-30 | 127.02 | 130.54 | -0.39 | near the usual relationship |
| 2025-07-29 | 127.21 | 130.45 | -0.37 | near the usual relationship |
| 2025-07-28 | 128.48 | 131.52 | -0.35 | near the usual relationship |
| 2025-07-25 | 133.48 | 132.97 | -0.09 | near the usual relationship |
| 2025-07-24 | 134.67 | 132.85 | +0.00 | near the usual relationship |
| 2025-07-23 | 132.39 | 133.72 | -0.22 | near the usual relationship |
| 2025-07-22 | 124.48 | 133.27 | -0.78 | TD ahead |
| 2025-07-21 | 122.38 | 132.09 | -0.86 | TD ahead |
| 2025-07-18 | 120.93 | 130.58 | -0.87 | TD ahead |
| 2025-07-17 | 122.11 | 131.32 | -0.83 | TD ahead |
| 2025-07-16 | 121.47 | 131.34 | -0.89 | TD ahead |
| 2025-07-15 | 122.57 | 130.35 | -0.74 | TD ahead |
| 2025-07-14 | 124.02 | 131.38 | -0.70 | TD ahead |
| 2025-07-11 | 124.57 | 130.61 | -0.61 | TD ahead |
| 2025-07-10 | 123.66 | 131.13 | -0.72 | TD ahead |
| 2025-07-09 | 124.02 | 131.50 | -0.72 | TD ahead |
| 2025-07-08 | 123.29 | 131.39 | -0.78 | TD ahead |
| 2025-07-07 | 122.93 | 131.54 | -0.82 | TD ahead |
| 2025-07-03 | 127.02 | 133.13 | -0.62 | TD ahead |
| 2025-07-02 | 125.48 | 132.05 | -0.67 | TD ahead |
| 2025-07-01 | 124.93 | 131.52 | -0.67 | TD ahead |
| 2025-06-30 | 124.84 | 130.35 | -0.59 | TD ahead |
| 2025-06-27 | 126.39 | 128.82 | -0.36 | near the usual relationship |
| 2025-06-26 | 125.75 | 129.30 | -0.44 | near the usual relationship |
| 2025-06-25 | 123.93 | 127.77 | -0.46 | near the usual relationship |
| 2025-06-24 | 125.30 | 127.42 | -0.33 | near the usual relationship |
| 2025-06-23 | 122.20 | 126.32 | -0.48 | near the usual relationship |
| 2025-06-20 | 122.93 | 125.79 | -0.38 | near the usual relationship |
| 2025-06-18 | 122.93 | 126.53 | -0.44 | near the usual relationship |
| 2025-06-17 | 121.75 | 125.82 | -0.48 | near the usual relationship |
| 2025-06-16 | 124.11 | 126.09 | -0.31 | near the usual relationship |
| 2025-06-13 | 123.84 | 125.64 | -0.30 | near the usual relationship |
| 2025-06-12 | 124.93 | 125.61 | -0.21 | near the usual relationship |
| 2025-06-11 | 123.38 | 124.69 | -0.26 | near the usual relationship |
| 2025-06-10 | 123.57 | 125.52 | -0.31 | near the usual relationship |
| 2025-06-09 | 125.66 | 124.38 | -0.06 | near the usual relationship |
| 2025-06-06 | 125.93 | 124.92 | -0.08 | near the usual relationship |
| 2025-06-05 | 125.39 | 124.17 | -0.06 | near the usual relationship |
| 2025-06-04 | 125.30 | 123.48 | -0.01 | near the usual relationship |
| 2025-06-03 | 126.39 | 124.15 | +0.02 | near the usual relationship |
| 2025-06-02 | 127.93 | 122.98 | +0.23 | near the usual relationship |
| 2025-05-30 | 128.48 | 122.54 | +0.31 | near the usual relationship |
| 2025-05-29 | 124.84 | 121.99 | +0.08 | near the usual relationship |
| 2025-05-28 | 124.66 | 120.87 | +0.16 | near the usual relationship |
| 2025-05-27 | 128.66 | 121.06 | +0.45 | near the usual relationship |
| 2025-05-23 | 123.20 | 120.14 | +0.11 | near the usual relationship |
| 2025-05-22 | 124.29 | 118.81 | +0.31 | near the usual relationship |
| 2025-05-21 | 125.66 | 114.96 | +0.73 | MUFG ahead |
| 2025-05-20 | 124.75 | 115.00 | +0.67 | MUFG ahead |
| 2025-05-19 | 125.11 | 114.89 | +0.71 | MUFG ahead |
| 2025-05-16 | 123.20 | 114.89 | +0.57 | MUFG ahead |
| 2025-05-15 | 122.47 | 115.30 | +0.48 | near the usual relationship |
| 2025-05-14 | 120.11 | 113.95 | +0.41 | near the usual relationship |
| 2025-05-13 | 118.47 | 113.47 | +0.33 | near the usual relationship |
| 2025-05-12 | 117.74 | 112.30 | +0.37 | near the usual relationship |
| 2025-05-09 | 114.01 | 112.12 | +0.09 | near the usual relationship |
| 2025-05-08 | 112.01 | 111.89 | -0.06 | near the usual relationship |
| 2025-05-07 | 111.56 | 112.03 | -0.11 | near the usual relationship |
| 2025-05-06 | 112.47 | 112.60 | -0.07 | near the usual relationship |
| 2025-05-05 | 112.47 | 113.33 | -0.13 | near the usual relationship |
| 2025-05-02 | 111.92 | 113.50 | -0.18 | near the usual relationship |
| 2025-05-01 | 112.56 | 112.05 | +0.00 | near the usual relationship |
| 2025-04-30 | 115.01 | 113.19 | +0.11 | near the usual relationship |
| 2025-04-29 | 115.65 | 112.28 | +0.24 | near the usual relationship |
| 2025-04-28 | 114.56 | 111.34 | +0.23 | near the usual relationship |
| 2025-04-25 | 111.65 | 110.33 | +0.09 | near the usual relationship |
| 2025-04-24 | 111.46 | 110.38 | +0.07 | near the usual relationship |
| 2025-04-23 | 109.92 | 109.65 | +0.01 | near the usual relationship |
| 2025-04-22 | 108.37 | 109.96 | -0.14 | near the usual relationship |
| 2025-04-21 | 106.55 | 107.93 | -0.12 | near the usual relationship |
| 2025-04-17 | 108.01 | 107.72 | +0.02 | near the usual relationship |
| 2025-04-16 | 105.28 | 107.26 | -0.16 | near the usual relationship |
| 2025-04-15 | 108.10 | 106.19 | +0.17 | near the usual relationship |
| 2025-04-14 | 106.10 | 106.41 | -0.01 | near the usual relationship |
| 2025-04-11 | 105.46 | 103.57 | +0.18 | near the usual relationship |
| 2025-04-10 | 101.00 | 100.51 | +0.06 | near the usual relationship |
| 2025-04-09 | 107.73 | 102.13 | +0.50 | MUFG ahead |
| 2025-04-08 | 98.18 | 99.18 | -0.06 | near the usual relationship |
| 2025-04-07 | 98.45 | 98.86 | +0.00 | near the usual relationship |
| 2025-04-04 | 100.64 | 101.22 | -0.01 | near the usual relationship |
| 2025-04-03 | 110.10 | 104.10 | +0.54 | MUFG ahead |
| 2025-04-02 | 120.29 | 106.32 | +1.14 | MUFG ahead |
| 2025-04-01 | 121.02 | 105.31 | +1.29 | MUFG ahead |
| 2025-03-31 | 124.02 | 106.37 | +1.43 | MUFG ahead |
| 2025-03-28 | 127.21 | 106.99 | +1.62 | MUFG ahead |
| 2025-03-27 | 131.39 | 108.18 | +1.82 | MUFG ahead |
| 2025-03-26 | 130.76 | 108.52 | +1.77 | MUFG ahead |
| 2025-03-25 | 133.30 | 108.16 | +2.00 | MUFG ahead |
| 2025-03-24 | 133.12 | 107.42 | +2.07 | MUFG ahead |
| 2025-03-21 | 136.31 | 105.64 | +2.48 | MUFG ahead |
| 2025-03-20 | 130.39 | 106.30 | +2.04 | MUFG ahead |
| 2025-03-19 | 130.12 | 106.28 | +2.05 | MUFG ahead |
| 2025-03-18 | 129.94 | 105.89 | +2.09 | MUFG ahead |
| 2025-03-17 | 126.11 | 106.03 | +1.82 | MUFG ahead |
| 2025-03-14 | 124.29 | 104.58 | +1.83 | MUFG ahead |
| 2025-03-13 | 119.84 | 102.34 | +1.71 | MUFG ahead |
| 2025-03-12 | 119.02 | 103.51 | +1.56 | MUFG ahead |
| 2025-03-11 | 116.11 | 102.34 | +1.44 | MUFG ahead |
| 2025-03-10 | 115.74 | 104.26 | +1.25 | MUFG ahead |
| 2025-03-07 | 118.47 | 105.68 | +1.35 | MUFG ahead |
| 2025-03-06 | 118.02 | 105.06 | +1.38 | MUFG ahead |
| 2025-03-05 | 118.56 | 105.13 | +1.43 | MUFG ahead |
| 2025-03-04 | 115.92 | 104.01 | +1.33 | MUFG ahead |
| 2025-03-03 | 116.83 | 105.70 | +1.26 | MUFG ahead |
| 2025-02-28 | 115.83 | 106.32 | +1.13 | MUFG ahead |
| 2025-02-27 | 118.29 | 106.10 | +1.36 | MUFG ahead |
| 2025-02-26 | 116.74 | 106.00 | +1.26 | MUFG ahead |
| 2025-02-25 | 117.11 | 105.77 | +1.32 | MUFG ahead |
| 2025-02-24 | 114.38 | 105.38 | +1.13 | MUFG ahead |
| 2025-02-21 | 115.01 | 106.18 | +1.12 | MUFG ahead |
| 2025-02-20 | 118.47 | 107.12 | +1.33 | MUFG ahead |
| 2025-02-19 | 119.47 | 106.71 | +1.46 | MUFG ahead |
| 2025-02-18 | 121.20 | 106.57 | +1.63 | MUFG ahead |
| 2025-02-14 | 116.56 | 106.03 | +1.31 | MUFG ahead |
| 2025-02-13 | 114.56 | 106.35 | +1.12 | MUFG ahead |
| 2025-02-12 | 112.37 | 106.39 | +0.94 | MUFG ahead |
| 2025-02-11 | 113.01 | 107.68 | +0.89 | MUFG ahead |
| 2025-02-10 | 112.74 | 106.55 | +0.97 | MUFG ahead |
| 2025-02-07 | 114.10 | 102.86 | +1.43 | MUFG ahead |
| 2025-02-06 | 115.29 | 102.79 | +1.55 | MUFG ahead |
| 2025-02-05 | 115.10 | 101.97 | +1.62 | MUFG ahead |
| 2025-02-04 | 113.65 | 101.72 | +1.54 | MUFG ahead |
| 2025-02-03 | 113.65 | 100.35 | +1.68 | MUFG ahead |
| 2025-01-31 | 114.74 | 101.28 | +1.69 | MUFG ahead |
| 2025-01-30 | 116.01 | 101.81 | +1.76 | MUFG ahead |
| 2025-01-29 | 115.92 | 101.88 | +1.76 | MUFG ahead |
| 2025-01-28 | 116.83 | 101.72 | +1.86 | MUFG ahead |
| 2025-01-27 | 113.28 | 102.08 | +1.55 | MUFG ahead |
| 2025-01-24 | 111.92 | 101.65 | +1.48 | MUFG ahead |
| 2025-01-23 | 111.37 | 101.47 | +1.46 | MUFG ahead |
| 2025-01-22 | 110.28 | 100.94 | +1.42 | MUFG ahead |
| 2025-01-21 | 114.10 | 101.63 | +1.69 | MUFG ahead |
| 2025-01-17 | 109.65 | 102.06 | +1.29 | MUFG ahead |
| 2025-01-16 | 109.92 | 98.17 | +1.68 | MUFG ahead |
| 2025-01-15 | 111.37 | 98.33 | +1.80 | MUFG ahead |
| 2025-01-14 | 107.55 | 97.07 | +1.61 | MUFG ahead |
| 2025-01-13 | 108.10 | 96.29 | +1.74 | MUFG ahead |
| 2025-01-10 | 107.28 | 96.17 | +1.69 | MUFG ahead |
| 2025-01-08 | 109.92 | 96.15 | +1.92 | MUFG ahead |
| 2025-01-07 | 110.28 | 96.97 | +1.88 | MUFG ahead |
| 2025-01-06 | 107.55 | 96.26 | +1.72 | MUFG ahead |
| 2025-01-03 | 106.92 | 95.49 | +1.74 | MUFG ahead |
| 2025-01-02 | 106.10 | 94.27 | +1.79 | MUFG ahead |
| 2024-12-31 | 106.64 | 94.48 | +1.82 | MUFG ahead |
| 2024-12-30 | 106.82 | 94.20 | +1.87 | MUFG ahead |
| 2024-12-27 | 106.01 | 94.06 | +1.82 | MUFG ahead |
| 2024-12-26 | 105.91 | 93.88 | +1.83 | MUFG ahead |
| 2024-12-24 | 105.00 | 94.16 | +1.74 | MUFG ahead |
| 2024-12-23 | 104.64 | 93.36 | +1.79 | MUFG ahead |
| 2024-12-20 | 103.55 | 92.72 | +1.76 | MUFG ahead |
| 2024-12-19 | 104.64 | 91.50 | +1.97 | MUFG ahead |
| 2024-12-18 | 104.73 | 91.94 | +1.95 | MUFG ahead |
| 2024-12-17 | 107.19 | 93.26 | +2.04 | MUFG ahead |
| 2024-12-16 | 109.01 | 94.23 | +2.11 | MUFG ahead |
| 2024-12-13 | 110.01 | 94.50 | +2.19 | MUFG ahead |
| 2024-12-12 | 110.74 | 94.87 | +2.24 | MUFG ahead |
| 2024-12-11 | 110.46 | 94.92 | +2.24 | MUFG ahead |
| 2024-12-10 | 108.10 | 94.25 | +2.14 | MUFG ahead |
| 2024-12-09 | 108.55 | 93.43 | +2.28 | MUFG ahead |
| 2024-12-06 | 109.55 | 92.21 | +2.50 | MUFG ahead |
| 2024-12-05 | 109.92 | 93.70 | +2.42 | MUFG ahead |
| 2024-12-04 | 109.37 | 100.44 | +1.79 | MUFG ahead |
| 2024-12-03 | 111.28 | 99.82 | +2.01 | MUFG ahead |
| 2024-12-02 | 110.56 | 99.73 | +1.98 | MUFG ahead |
| 2024-11-29 | 108.37 | 100.32 | +1.77 | MUFG ahead |
| 2024-11-27 | 105.37 | 100.07 | +1.56 | MUFG ahead |
| 2024-11-26 | 105.73 | 99.17 | +1.68 | MUFG ahead |
| 2024-11-25 | 107.46 | 99.09 | +1.84 | MUFG ahead |
| 2024-11-22 | 107.55 | 99.66 | +1.82 | MUFG ahead |
| 2024-11-21 | 106.64 | 99.20 | +1.80 | MUFG ahead |
| 2024-11-20 | 106.19 | 99.27 | +1.77 | MUFG ahead |
| 2024-11-19 | 107.92 | 99.08 | +1.94 | MUFG ahead |
| 2024-11-18 | 106.92 | 99.86 | +1.81 | MUFG ahead |
| 2024-11-15 | 106.28 | 99.25 | +1.82 | MUFG ahead |
| 2024-11-14 | 109.83 | 100.48 | +2.02 | MUFG ahead |
| 2024-11-13 | 104.64 | 99.52 | +1.70 | MUFG ahead |
| 2024-11-12 | 105.28 | 99.63 | +1.75 | MUFG ahead |
| 2024-11-11 | 105.55 | 101.03 | +1.67 | MUFG ahead |
| 2024-11-08 | 104.91 | 100.55 | +1.67 | MUFG ahead |
| 2024-11-07 | 104.73 | 100.78 | +1.65 | MUFG ahead |
| 2024-11-06 | 104.19 | 100.34 | +1.65 | MUFG ahead |
| 2024-11-05 | 98.36 | 98.81 | +1.30 | MUFG ahead |
| 2024-11-04 | 97.27 | 97.66 | +1.31 | MUFG ahead |
| 2024-11-01 | 97.00 | 97.59 | +1.30 | MUFG ahead |
| 2024-10-31 | 96.27 | 98.08 | +1.20 | MUFG ahead |
| 2024-10-30 | 96.09 | 98.76 | +1.14 | MUFG ahead |
| 2024-10-29 | 95.54 | 98.46 | +1.12 | MUFG ahead |
| 2024-10-28 | 93.63 | 99.88 | +0.83 | MUFG ahead |
| 2024-10-25 | 92.99 | 99.98 | +0.76 | MUFG ahead |
| 2024-10-24 | 93.72 | 100.89 | +0.76 | MUFG ahead |
| 2024-10-23 | 92.81 | 100.67 | +0.70 | MUFG ahead |
| 2024-10-22 | 96.36 | 101.63 | +0.95 | MUFG ahead |
| 2024-10-21 | 97.27 | 100.57 | +1.13 | MUFG ahead |
| 2024-10-18 | 100.00 | 100.00 | +1.43 | MUFG ahead |
No one-day company-specific move of 4+ standard deviations in this window.
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
2 simulated trades to Oct 20, 2026: +9.50% per trade on average after costs, 2 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long MUFG · Short TD | Nov 30, 2020 | Mar 22, 2021 | converged | 112 | $1,460.82 | -$111.06 | $1,349.76 (+13.50%) |
| Long MUFG · Short TD | Aug 3, 2020 | Sep 29, 2020 | converged | 57 | $644.78 | -$94.94 | $549.84 (+5.50%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
MUFG and TD at a glance
MUFG Mitsubishi UFJ Financial Group Inc.
- Listing
- NYSE · SEC CIK 67088
- Industry
- Commercial Banks · SIC 6029 Commercial Banks, NEC
- Market value
- $257.1B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
TD The Toronto Dominion Bank
- Listing
- NYSE · SEC CIK 947263
- Industry
- Commercial Banks · SIC 6029 Commercial Banks, NEC
- Market value
- $196.1B
- Price history
- 2,515 daily closes, Oct 20, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of MUFG and TD
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
