Royal Bank Of Canada vs The Toronto Dominion Bank
Why these are rivals: #1 and #3 by market value ($272B vs $196B) in Nasdaq's "Commercial Banks" industry; SEC SIC 6029 / 6029 (same major group); #1 and #3 by market value ($272B 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.
- Mean reversion: ADF t-statistic of the spread: -1.02 (needs <= -2.873 (5% critical value))
Business size
Annual revenue reported to the SEC. Scale, not market share.
No SEC revenue figures for both companies.
Market value: RY $271.8B, TD $196.1B.
TD is ahead now
Measured against the pair's own last 252 trading days.
TD leads RY by 2.37 standard deviations: +7.7% over its usual price ratio. 0 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| RY | -3.4% | +15.5% | +37.8% |
| TD | +4.5% | +19.1% | +55.7% |
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2515 (needs >= 254)
- Pass
- Co-movement: daily return correlation, 252 sessions: 0.85 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -1.02 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 49.05 (needs <= 63)
- Data
- Both stocks current
Prices side by side, and the gap between them
Data table (504 sessions)
| Date | RY index | TD index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 160.30 | 222.04 | -2.37 | TD ahead |
| 2026-10-21 | 160.27 | 221.30 | -2.30 | TD ahead |
| 2026-10-20 | 157.91 | 216.73 | -2.12 | TD ahead |
| 2026-10-19 | 155.73 | 213.06 | -2.04 | TD ahead |
| 2026-10-16 | 156.92 | 213.65 | -1.90 | TD ahead |
| 2026-10-15 | 156.03 | 212.55 | -1.93 | TD ahead |
| 2026-10-14 | 153.76 | 208.75 | -1.84 | TD ahead |
| 2026-10-13 | 154.44 | 209.32 | -1.80 | TD ahead |
| 2026-10-12 | 152.92 | 206.73 | -1.73 | TD ahead |
| 2026-10-09 | 152.25 | 204.26 | -1.50 | TD ahead |
| 2026-10-08 | 151.18 | 202.38 | -1.44 | TD ahead |
| 2026-10-07 | 151.70 | 202.08 | -1.29 | TD ahead |
| 2026-10-06 | 155.77 | 209.72 | -1.65 | TD ahead |
| 2026-10-05 | 154.44 | 207.81 | -1.65 | TD ahead |
| 2026-10-02 | 155.23 | 209.19 | -1.71 | TD ahead |
| 2026-10-01 | 154.99 | 208.71 | -1.70 | TD ahead |
| 2026-09-30 | 155.96 | 208.57 | -1.48 | TD ahead |
| 2026-09-29 | 158.51 | 211.18 | -1.37 | TD ahead |
| 2026-09-28 | 159.42 | 212.16 | -1.34 | TD ahead |
| 2026-09-25 | 160.24 | 214.11 | -1.48 | TD ahead |
| 2026-09-24 | 158.27 | 211.64 | -1.51 | TD ahead |
| 2026-09-23 | 158.23 | 211.91 | -1.56 | TD ahead |
| 2026-09-22 | 161.71 | 217.66 | -1.74 | TD ahead |
| 2026-09-21 | 163.58 | 220.12 | -1.74 | TD ahead |
| 2026-09-18 | 161.29 | 217.09 | -1.76 | TD ahead |
| 2026-09-17 | 161.50 | 216.17 | -1.59 | TD ahead |
| 2026-09-16 | 160.48 | 214.02 | -1.48 | TD ahead |
| 2026-09-15 | 162.02 | 215.56 | -1.41 | TD ahead |
| 2026-09-14 | 162.76 | 214.61 | -1.13 | TD ahead |
| 2026-09-11 | 163.35 | 214.68 | -1.04 | TD ahead |
| 2026-09-10 | 163.41 | 213.20 | -0.81 | TD ahead |
| 2026-09-09 | 164.07 | 211.43 | -0.44 | near the usual relationship |
| 2026-09-08 | 165.81 | 213.88 | -0.47 | near the usual relationship |
| 2026-09-04 | 167.07 | 215.85 | -0.53 | TD ahead |
| 2026-09-03 | 168.24 | 218.83 | -0.73 | TD ahead |
| 2026-09-02 | 164.90 | 215.56 | -0.87 | TD ahead |
| 2026-09-01 | 161.43 | 212.07 | -1.02 | TD ahead |
| 2026-08-31 | 161.96 | 214.57 | -1.25 | TD ahead |
| 2026-08-28 | 162.02 | 215.17 | -1.32 | TD ahead |
| 2026-08-27 | 162.27 | 214.89 | -1.25 | TD ahead |
| 2026-08-26 | 164.39 | 211.94 | -0.52 | TD ahead |
| 2026-08-25 | 164.29 | 211.30 | -0.46 | near the usual relationship |
| 2026-08-24 | 161.86 | 206.83 | -0.29 | near the usual relationship |
| 2026-08-21 | 162.82 | 207.90 | -0.28 | near the usual relationship |
| 2026-08-20 | 162.80 | 207.36 | -0.22 | near the usual relationship |
| 2026-08-19 | 164.71 | 210.03 | -0.25 | near the usual relationship |
| 2026-08-18 | 168.97 | 216.45 | -0.38 | near the usual relationship |
| 2026-08-17 | 171.51 | 220.66 | -0.50 | TD ahead |
| 2026-08-14 | 171.80 | 220.69 | -0.46 | near the usual relationship |
| 2026-08-13 | 170.57 | 218.47 | -0.39 | near the usual relationship |
| 2026-08-12 | 169.36 | 218.83 | -0.63 | TD ahead |
| 2026-08-11 | 166.81 | 215.39 | -0.62 | TD ahead |
| 2026-08-10 | 167.23 | 214.87 | -0.49 | near the usual relationship |
| 2026-08-07 | 167.46 | 215.28 | -0.51 | TD ahead |
| 2026-08-06 | 167.75 | 215.05 | -0.43 | near the usual relationship |
| 2026-08-05 | 167.61 | 215.00 | -0.45 | near the usual relationship |
| 2026-08-04 | 165.44 | 211.87 | -0.41 | near the usual relationship |
| 2026-08-03 | 166.97 | 215.00 | -0.56 | TD ahead |
| 2026-07-31 | 166.21 | 212.81 | -0.41 | near the usual relationship |
| 2026-07-30 | 166.70 | 212.53 | -0.29 | near the usual relationship |
| 2026-07-29 | 163.78 | 207.61 | -0.14 | near the usual relationship |
| 2026-07-28 | 168.49 | 213.68 | -0.15 | near the usual relationship |
| 2026-07-27 | 166.21 | 212.33 | -0.35 | near the usual relationship |
| 2026-07-24 | 165.88 | 212.56 | -0.43 | near the usual relationship |
| 2026-07-23 | 165.38 | 211.57 | -0.39 | near the usual relationship |
| 2026-07-22 | 167.75 | 215.26 | -0.47 | near the usual relationship |
| 2026-07-21 | 167.30 | 213.90 | -0.38 | near the usual relationship |
| 2026-07-20 | 166.89 | 213.84 | -0.44 | near the usual relationship |
| 2026-07-17 | 170.91 | 219.34 | -0.49 | near the usual relationship |
| 2026-07-16 | 171.42 | 219.88 | -0.47 | near the usual relationship |
| 2026-07-15 | 172.84 | 221.47 | -0.45 | near the usual relationship |
| 2026-07-14 | 169.81 | 218.07 | -0.51 | TD ahead |
| 2026-07-13 | 167.15 | 214.07 | -0.44 | near the usual relationship |
| 2026-07-10 | 167.47 | 213.90 | -0.37 | near the usual relationship |
| 2026-07-09 | 165.46 | 212.51 | -0.52 | TD ahead |
| 2026-07-08 | 163.24 | 210.40 | -0.62 | TD ahead |
| 2026-07-07 | 165.86 | 215.49 | -0.84 | TD ahead |
| 2026-07-06 | 165.05 | 214.09 | -0.80 | TD ahead |
| 2026-07-02 | 162.47 | 211.71 | -0.93 | TD ahead |
| 2026-07-01 | 165.26 | 216.95 | -1.14 | TD ahead |
| 2026-06-30 | 164.20 | 215.49 | -1.14 | TD ahead |
| 2026-06-29 | 162.47 | 213.54 | -1.19 | TD ahead |
| 2026-06-26 | 160.93 | 212.28 | -1.29 | TD ahead |
| 2026-06-25 | 161.63 | 213.82 | -1.38 | TD ahead |
| 2026-06-24 | 160.38 | 210.86 | -1.22 | TD ahead |
| 2026-06-23 | 160.99 | 212.05 | -1.28 | TD ahead |
| 2026-06-22 | 160.84 | 212.21 | -1.34 | TD ahead |
| 2026-06-18 | 159.90 | 211.69 | -1.45 | TD ahead |
| 2026-06-17 | 159.22 | 210.29 | -1.39 | TD ahead |
| 2026-06-16 | 159.56 | 209.78 | -1.28 | TD ahead |
| 2026-06-15 | 157.93 | 208.23 | -1.37 | TD ahead |
| 2026-06-12 | 158.30 | 208.22 | -1.31 | TD ahead |
| 2026-06-11 | 158.09 | 206.30 | -1.10 | TD ahead |
| 2026-06-10 | 156.77 | 203.19 | -0.91 | TD ahead |
| 2026-06-09 | 156.99 | 203.44 | -0.91 | TD ahead |
| 2026-06-08 | 154.95 | 202.61 | -1.18 | TD ahead |
| 2026-06-05 | 153.94 | 200.82 | -1.12 | TD ahead |
| 2026-06-04 | 154.68 | 201.86 | -1.14 | TD ahead |
| 2026-06-03 | 151.59 | 199.40 | -1.38 | TD ahead |
| 2026-06-02 | 151.63 | 201.10 | -1.63 | TD ahead |
| 2026-06-01 | 149.59 | 196.50 | -1.36 | TD ahead |
| 2026-05-29 | 150.36 | 201.56 | -1.96 | TD ahead |
| 2026-05-28 | 149.85 | 201.14 | -2.02 | TD ahead |
| 2026-05-27 | 150.04 | 199.11 | -1.71 | TD ahead |
| 2026-05-26 | 150.71 | 199.75 | -1.68 | TD ahead |
| 2026-05-22 | 150.50 | 198.53 | -1.55 | TD ahead |
| 2026-05-21 | 150.08 | 197.18 | -1.44 | TD ahead |
| 2026-05-20 | 148.53 | 194.46 | -1.35 | TD ahead |
| 2026-05-19 | 145.60 | 191.50 | -1.48 | TD ahead |
| 2026-05-18 | 146.60 | 192.33 | -1.42 | TD ahead |
| 2026-05-15 | 146.60 | 191.02 | -1.23 | TD ahead |
| 2026-05-14 | 145.84 | 192.09 | -1.54 | TD ahead |
| 2026-05-13 | 142.74 | 189.07 | -1.72 | TD ahead |
| 2026-05-12 | 144.61 | 191.23 | -1.68 | TD ahead |
| 2026-05-11 | 143.47 | 190.04 | -1.74 | TD ahead |
| 2026-05-08 | 144.13 | 190.70 | -1.73 | TD ahead |
| 2026-05-07 | 143.87 | 191.13 | -1.86 | TD ahead |
| 2026-05-06 | 144.09 | 192.72 | -2.07 | TD ahead |
| 2026-05-05 | 141.59 | 188.00 | -1.88 | TD ahead |
| 2026-05-04 | 141.16 | 188.55 | -2.08 | TD ahead |
| 2026-05-01 | 142.44 | 190.43 | -2.13 | TD ahead |
| 2026-04-30 | 142.78 | 191.13 | -2.19 | TD ahead |
| 2026-04-29 | 139.01 | 185.11 | -2.06 | TD ahead |
| 2026-04-28 | 141.02 | 187.03 | -1.97 | TD ahead |
| 2026-04-27 | 140.16 | 187.47 | -2.24 | TD ahead |
| 2026-04-24 | 139.10 | 186.39 | -2.32 | TD ahead |
| 2026-04-23 | 138.76 | 186.39 | -2.42 | TD ahead |
| 2026-04-22 | 139.94 | 185.57 | -2.07 | TD ahead |
| 2026-04-21 | 140.78 | 186.92 | -2.13 | TD ahead |
| 2026-04-20 | 142.81 | 188.89 | -2.04 | TD ahead |
| 2026-04-17 | 141.56 | 186.96 | -2.01 | TD ahead |
| 2026-04-16 | 139.51 | 184.63 | -2.09 | TD ahead |
| 2026-04-15 | 139.59 | 184.54 | -2.08 | TD ahead |
| 2026-04-14 | 138.75 | 183.02 | -2.03 | TD ahead |
| 2026-04-13 | 137.78 | 181.08 | -1.93 | TD ahead |
| 2026-04-10 | 136.38 | 178.72 | -1.85 | TD ahead |
| 2026-04-09 | 135.49 | 177.23 | -1.81 | TD ahead |
| 2026-04-08 | 134.45 | 176.22 | -1.88 | TD ahead |
| 2026-04-07 | 131.21 | 172.12 | -1.92 | TD ahead |
| 2026-04-06 | 130.46 | 170.17 | -1.77 | TD ahead |
| 2026-04-02 | 129.62 | 168.98 | -1.77 | TD ahead |
| 2026-04-01 | 129.65 | 168.06 | -1.62 | TD ahead |
| 2026-03-31 | 128.35 | 165.59 | -1.49 | TD ahead |
| 2026-03-30 | 125.23 | 162.47 | -1.67 | TD ahead |
| 2026-03-27 | 125.51 | 162.15 | -1.56 | TD ahead |
| 2026-03-26 | 127.08 | 164.76 | -1.68 | TD ahead |
| 2026-03-25 | 128.92 | 167.35 | -1.73 | TD ahead |
| 2026-03-24 | 128.61 | 165.98 | -1.57 | TD ahead |
| 2026-03-23 | 128.38 | 166.16 | -1.67 | TD ahead |
| 2026-03-20 | 126.30 | 163.25 | -1.65 | TD ahead |
| 2026-03-19 | 127.20 | 166.05 | -1.97 | TD ahead |
| 2026-03-18 | 128.80 | 167.38 | -1.86 | TD ahead |
| 2026-03-17 | 130.28 | 170.42 | -2.08 | TD ahead |
| 2026-03-16 | 130.01 | 169.02 | -1.91 | TD ahead |
| 2026-03-13 | 127.93 | 165.47 | -1.77 | TD ahead |
| 2026-03-12 | 129.29 | 166.87 | -1.72 | TD ahead |
| 2026-03-11 | 130.90 | 170.19 | -1.97 | TD ahead |
| 2026-03-10 | 131.23 | 170.20 | -1.91 | TD ahead |
| 2026-03-09 | 129.66 | 169.16 | -2.12 | TD ahead |
| 2026-03-06 | 129.73 | 169.64 | -2.21 | TD ahead |
| 2026-03-05 | 130.43 | 172.26 | -2.56 | TD ahead |
| 2026-03-04 | 131.65 | 175.21 | -2.84 | TD ahead |
| 2026-03-03 | 131.61 | 173.42 | -2.55 | TD ahead |
| 2026-03-02 | 133.77 | 174.37 | -2.23 | TD ahead |
| 2026-02-27 | 132.67 | 172.78 | -2.21 | TD ahead |
| 2026-02-26 | 134.73 | 175.30 | -2.19 | TD ahead |
| 2026-02-25 | 137.75 | 172.46 | -0.97 | TD ahead |
| 2026-02-24 | 135.38 | 168.75 | -0.83 | TD ahead |
| 2026-02-23 | 135.34 | 170.04 | -1.09 | TD ahead |
| 2026-02-20 | 136.83 | 172.12 | -1.13 | TD ahead |
| 2026-02-19 | 135.42 | 170.03 | -1.07 | TD ahead |
| 2026-02-18 | 135.46 | 170.61 | -1.17 | TD ahead |
| 2026-02-17 | 134.40 | 169.65 | -1.24 | TD ahead |
| 2026-02-13 | 134.45 | 169.16 | -1.15 | TD ahead |
| 2026-02-12 | 134.35 | 169.71 | -1.28 | TD ahead |
| 2026-02-11 | 137.21 | 172.64 | -1.17 | TD ahead |
| 2026-02-10 | 139.20 | 174.94 | -1.13 | TD ahead |
| 2026-02-09 | 138.17 | 174.29 | -1.24 | TD ahead |
| 2026-02-06 | 135.18 | 171.57 | -1.41 | TD ahead |
| 2026-02-05 | 133.95 | 168.45 | -1.15 | TD ahead |
| 2026-02-04 | 134.88 | 169.39 | -1.10 | TD ahead |
| 2026-02-03 | 135.31 | 169.46 | -1.02 | TD ahead |
| 2026-02-02 | 133.76 | 167.74 | -1.05 | TD ahead |
| 2026-01-30 | 131.88 | 165.91 | -1.13 | TD ahead |
| 2026-01-29 | 133.90 | 168.46 | -1.12 | TD ahead |
| 2026-01-28 | 132.15 | 166.14 | -1.10 | TD ahead |
| 2026-01-27 | 133.95 | 170.49 | -1.39 | TD ahead |
| 2026-01-26 | 132.74 | 168.39 | -1.31 | TD ahead |
| 2026-01-23 | 134.64 | 168.78 | -1.03 | TD ahead |
| 2026-01-22 | 133.96 | 168.07 | -1.05 | TD ahead |
| 2026-01-21 | 133.28 | 166.21 | -0.91 | TD ahead |
| 2026-01-20 | 132.84 | 164.95 | -0.82 | TD ahead |
| 2026-01-16 | 134.22 | 166.55 | -0.80 | TD ahead |
| 2026-01-15 | 134.34 | 166.94 | -0.84 | TD ahead |
| 2026-01-14 | 133.76 | 166.39 | -0.86 | TD ahead |
| 2026-01-13 | 134.03 | 166.74 | -0.86 | TD ahead |
| 2026-01-12 | 134.59 | 167.03 | -0.81 | TD ahead |
| 2026-01-09 | 134.22 | 167.31 | -0.89 | TD ahead |
| 2026-01-08 | 134.51 | 167.88 | -0.92 | TD ahead |
| 2026-01-07 | 134.20 | 166.69 | -0.82 | TD ahead |
| 2026-01-06 | 135.20 | 167.93 | -0.82 | TD ahead |
| 2026-01-05 | 137.33 | 170.56 | -0.82 | TD ahead |
| 2026-01-02 | 135.49 | 167.77 | -0.77 | TD ahead |
| 2025-12-31 | 135.26 | 167.17 | -0.74 | TD ahead |
| 2025-12-30 | 136.13 | 168.07 | -0.72 | TD ahead |
| 2025-12-29 | 136.25 | 167.83 | -0.68 | TD ahead |
| 2025-12-26 | 136.07 | 167.97 | -0.72 | TD ahead |
| 2025-12-24 | 135.82 | 167.72 | -0.73 | TD ahead |
| 2025-12-23 | 135.59 | 167.01 | -0.69 | TD ahead |
| 2025-12-22 | 134.73 | 165.11 | -0.61 | TD ahead |
| 2025-12-19 | 133.87 | 164.72 | -0.68 | TD ahead |
| 2025-12-18 | 132.60 | 164.19 | -0.77 | TD ahead |
| 2025-12-17 | 131.13 | 161.76 | -0.72 | TD ahead |
| 2025-12-16 | 131.99 | 162.64 | -0.71 | TD ahead |
| 2025-12-15 | 132.56 | 163.34 | -0.71 | TD ahead |
| 2025-12-12 | 131.58 | 162.24 | -0.72 | TD ahead |
| 2025-12-11 | 132.50 | 162.96 | -0.69 | TD ahead |
| 2025-12-10 | 131.01 | 161.95 | -0.76 | TD ahead |
| 2025-12-09 | 129.47 | 158.19 | -0.61 | TD ahead |
| 2025-12-08 | 129.62 | 156.40 | -0.45 | near the usual relationship |
| 2025-12-05 | 128.90 | 156.73 | -0.56 | TD ahead |
| 2025-12-04 | 127.38 | 152.76 | -0.39 | near the usual relationship |
| 2025-12-03 | 124.30 | 149.72 | -0.45 | near the usual relationship |
| 2025-12-02 | 122.51 | 150.04 | -0.67 | TD ahead |
| 2025-12-01 | 121.29 | 148.18 | -0.64 | TD ahead |
| 2025-11-28 | 122.25 | 148.94 | -0.61 | TD ahead |
| 2025-11-26 | 121.53 | 148.07 | -0.62 | TD ahead |
| 2025-11-25 | 120.76 | 146.07 | -0.53 | TD ahead |
| 2025-11-24 | 118.77 | 146.76 | -0.80 | TD ahead |
| 2025-11-21 | 118.99 | 145.61 | -0.69 | TD ahead |
| 2025-11-20 | 116.90 | 144.31 | -0.81 | TD ahead |
| 2025-11-19 | 117.63 | 144.79 | -0.78 | TD ahead |
| 2025-11-18 | 118.29 | 145.98 | -0.81 | TD ahead |
| 2025-11-17 | 116.72 | 144.54 | -0.86 | TD ahead |
| 2025-11-14 | 116.27 | 144.37 | -0.90 | TD ahead |
| 2025-11-13 | 116.44 | 144.37 | -0.89 | TD ahead |
| 2025-11-12 | 118.18 | 146.83 | -0.92 | TD ahead |
| 2025-11-11 | 117.19 | 144.81 | -0.87 | TD ahead |
| 2025-11-10 | 116.53 | 143.99 | -0.87 | TD ahead |
| 2025-11-07 | 115.40 | 143.57 | -0.96 | TD ahead |
| 2025-11-06 | 115.36 | 142.73 | -0.90 | TD ahead |
| 2025-11-05 | 115.56 | 143.14 | -0.92 | TD ahead |
| 2025-11-04 | 115.64 | 142.93 | -0.90 | TD ahead |
| 2025-11-03 | 116.95 | 145.39 | -0.98 | TD ahead |
| 2025-10-31 | 116.22 | 145.75 | -1.09 | TD ahead |
| 2025-10-30 | 115.75 | 145.36 | -1.12 | TD ahead |
| 2025-10-29 | 116.37 | 145.13 | -1.04 | TD ahead |
| 2025-10-28 | 118.25 | 146.80 | -1.00 | TD ahead |
| 2025-10-27 | 117.60 | 144.86 | -0.91 | TD ahead |
| 2025-10-24 | 117.24 | 143.74 | -0.86 | TD ahead |
| 2025-10-23 | 116.99 | 143.57 | -0.88 | TD ahead |
| 2025-10-22 | 116.46 | 143.48 | -0.93 | TD ahead |
| 2025-10-21 | 116.30 | 142.61 | -0.89 | TD ahead |
| 2025-10-20 | 116.57 | 141.74 | -0.79 | TD ahead |
| 2025-10-17 | 115.66 | 140.53 | -0.79 | TD ahead |
| 2025-10-16 | 115.28 | 139.70 | -0.77 | TD ahead |
| 2025-10-15 | 116.45 | 142.66 | -0.90 | TD ahead |
| 2025-10-14 | 115.38 | 140.89 | -0.87 | TD ahead |
| 2025-10-13 | 114.70 | 139.96 | -0.87 | TD ahead |
| 2025-10-10 | 113.95 | 138.99 | -0.86 | TD ahead |
| 2025-10-09 | 115.24 | 141.67 | -0.96 | TD ahead |
| 2025-10-08 | 115.07 | 142.77 | -1.07 | TD ahead |
| 2025-10-07 | 115.72 | 143.58 | -1.08 | TD ahead |
| 2025-10-06 | 116.64 | 144.15 | -1.03 | TD ahead |
| 2025-10-03 | 116.59 | 144.15 | -1.05 | TD ahead |
| 2025-10-02 | 116.16 | 141.31 | -0.86 | TD ahead |
| 2025-10-01 | 116.78 | 142.75 | -0.92 | TD ahead |
| 2025-09-30 | 116.87 | 141.88 | -0.84 | TD ahead |
| 2025-09-29 | 116.59 | 141.56 | -0.85 | TD ahead |
| 2025-09-26 | 115.91 | 140.64 | -0.85 | TD ahead |
| 2025-09-25 | 116.01 | 139.91 | -0.78 | TD ahead |
| 2025-09-24 | 116.84 | 138.65 | -0.59 | TD ahead |
| 2025-09-23 | 117.45 | 139.75 | -0.62 | TD ahead |
| 2025-09-22 | 117.89 | 140.69 | -0.66 | TD ahead |
| 2025-09-19 | 116.83 | 139.54 | -0.67 | TD ahead |
| 2025-09-18 | 115.95 | 139.13 | -0.73 | TD ahead |
| 2025-09-17 | 116.10 | 139.13 | -0.72 | TD ahead |
| 2025-09-16 | 115.86 | 138.21 | -0.66 | TD ahead |
| 2025-09-15 | 115.34 | 137.80 | -0.69 | TD ahead |
| 2025-09-12 | 114.35 | 136.27 | -0.66 | TD ahead |
| 2025-09-11 | 115.14 | 136.33 | -0.59 | TD ahead |
| 2025-09-10 | 114.35 | 134.62 | -0.52 | TD ahead |
| 2025-09-09 | 114.23 | 133.70 | -0.45 | near the usual relationship |
| 2025-09-08 | 114.72 | 132.60 | -0.31 | near the usual relationship |
| 2025-09-05 | 114.63 | 132.14 | -0.28 | near the usual relationship |
| 2025-09-04 | 115.68 | 132.58 | -0.21 | near the usual relationship |
| 2025-09-03 | 115.54 | 132.85 | -0.25 | near the usual relationship |
| 2025-09-02 | 114.84 | 132.26 | -0.27 | near the usual relationship |
| 2025-08-29 | 115.32 | 133.35 | -0.32 | near the usual relationship |
| 2025-08-28 | 115.71 | 129.28 | +0.09 | near the usual relationship |
| 2025-08-27 | 115.24 | 135.12 | -0.49 | near the usual relationship |
| 2025-08-26 | 109.23 | 133.52 | -0.99 | TD ahead |
| 2025-08-25 | 108.08 | 130.90 | -0.88 | TD ahead |
| 2025-08-22 | 109.39 | 132.00 | -0.84 | TD ahead |
| 2025-08-21 | 108.05 | 130.68 | -0.86 | TD ahead |
| 2025-08-20 | 108.28 | 130.81 | -0.85 | TD ahead |
| 2025-08-19 | 108.15 | 130.10 | -0.80 | TD ahead |
| 2025-08-18 | 108.21 | 131.16 | -0.90 | TD ahead |
| 2025-08-15 | 108.23 | 131.34 | -0.91 | TD ahead |
| 2025-08-14 | 108.36 | 132.24 | -0.98 | TD ahead |
| 2025-08-13 | 107.82 | 132.17 | -1.04 | TD ahead |
| 2025-08-12 | 106.94 | 129.92 | -0.94 | TD ahead |
| 2025-08-11 | 105.85 | 129.69 | -1.04 | TD ahead |
| 2025-08-08 | 105.20 | 129.99 | -1.15 | TD ahead |
| 2025-08-07 | 105.07 | 129.33 | -1.11 | TD ahead |
| 2025-08-06 | 104.89 | 130.33 | -1.23 | TD ahead |
| 2025-08-05 | 103.71 | 129.51 | -1.29 | TD ahead |
| 2025-08-04 | 103.07 | 130.40 | -1.46 | TD ahead |
| 2025-08-01 | 102.03 | 130.40 | -1.59 | TD ahead |
| 2025-07-31 | 101.91 | 129.33 | -1.52 | TD ahead |
| 2025-07-30 | 102.65 | 130.54 | -1.55 | TD ahead |
| 2025-07-29 | 102.90 | 130.45 | -1.52 | TD ahead |
| 2025-07-28 | 103.49 | 131.52 | -1.56 | TD ahead |
| 2025-07-25 | 104.76 | 132.97 | -1.56 | TD ahead |
| 2025-07-24 | 104.74 | 132.85 | -1.56 | TD ahead |
| 2025-07-23 | 106.47 | 133.72 | -1.45 | TD ahead |
| 2025-07-22 | 105.63 | 133.27 | -1.51 | TD ahead |
| 2025-07-21 | 106.00 | 132.09 | -1.36 | TD ahead |
| 2025-07-18 | 105.36 | 130.58 | -1.30 | TD ahead |
| 2025-07-17 | 105.53 | 131.32 | -1.36 | TD ahead |
| 2025-07-16 | 104.71 | 131.34 | -1.47 | TD ahead |
| 2025-07-15 | 103.64 | 130.35 | -1.52 | TD ahead |
| 2025-07-14 | 104.58 | 131.38 | -1.52 | TD ahead |
| 2025-07-11 | 104.53 | 130.61 | -1.46 | TD ahead |
| 2025-07-10 | 105.74 | 131.13 | -1.37 | TD ahead |
| 2025-07-09 | 105.06 | 131.50 | -1.50 | TD ahead |
| 2025-07-08 | 104.53 | 131.39 | -1.57 | TD ahead |
| 2025-07-07 | 104.59 | 131.54 | -1.59 | TD ahead |
| 2025-07-03 | 105.23 | 133.13 | -1.68 | TD ahead |
| 2025-07-02 | 104.06 | 132.05 | -1.74 | TD ahead |
| 2025-07-01 | 104.93 | 131.52 | -1.58 | TD ahead |
| 2025-06-30 | 104.36 | 130.35 | -1.54 | TD ahead |
| 2025-06-27 | 102.90 | 128.82 | -1.59 | TD ahead |
| 2025-06-26 | 103.27 | 129.30 | -1.60 | TD ahead |
| 2025-06-25 | 101.60 | 127.77 | -1.67 | TD ahead |
| 2025-06-24 | 101.80 | 127.42 | -1.62 | TD ahead |
| 2025-06-23 | 100.90 | 126.32 | -1.63 | TD ahead |
| 2025-06-20 | 100.98 | 125.79 | -1.57 | TD ahead |
| 2025-06-18 | 101.60 | 126.53 | -1.58 | TD ahead |
| 2025-06-17 | 101.54 | 125.82 | -1.52 | TD ahead |
| 2025-06-16 | 102.25 | 126.09 | -1.46 | TD ahead |
| 2025-06-13 | 101.35 | 125.64 | -1.54 | TD ahead |
| 2025-06-12 | 102.20 | 125.61 | -1.43 | TD ahead |
| 2025-06-11 | 101.45 | 124.69 | -1.44 | TD ahead |
| 2025-06-10 | 101.79 | 125.52 | -1.49 | TD ahead |
| 2025-06-09 | 101.24 | 124.38 | -1.45 | TD ahead |
| 2025-06-06 | 101.17 | 124.92 | -1.53 | TD ahead |
| 2025-06-05 | 100.72 | 124.17 | -1.52 | TD ahead |
| 2025-06-04 | 101.05 | 123.48 | -1.40 | TD ahead |
| 2025-06-03 | 101.14 | 124.15 | -1.47 | TD ahead |
| 2025-06-02 | 101.44 | 122.98 | -1.30 | TD ahead |
| 2025-05-30 | 100.48 | 122.54 | -1.39 | TD ahead |
| 2025-05-29 | 99.17 | 121.99 | -1.52 | TD ahead |
| 2025-05-28 | 102.29 | 120.87 | -0.93 | TD ahead |
| 2025-05-27 | 102.23 | 121.06 | -0.96 | TD ahead |
| 2025-05-23 | 101.89 | 120.14 | -0.90 | TD ahead |
| 2025-05-22 | 100.37 | 118.81 | -0.95 | TD ahead |
| 2025-05-21 | 99.82 | 114.96 | -0.55 | TD ahead |
| 2025-05-20 | 100.34 | 115.00 | -0.48 | near the usual relationship |
| 2025-05-19 | 100.86 | 114.89 | -0.39 | near the usual relationship |
| 2025-05-16 | 100.86 | 114.89 | -0.38 | near the usual relationship |
| 2025-05-15 | 98.99 | 115.30 | -0.70 | TD ahead |
| 2025-05-14 | 97.21 | 113.95 | -0.78 | TD ahead |
| 2025-05-13 | 96.63 | 113.47 | -0.80 | TD ahead |
| 2025-05-12 | 95.88 | 112.30 | -0.76 | TD ahead |
| 2025-05-09 | 95.42 | 112.12 | -0.80 | TD ahead |
| 2025-05-08 | 95.07 | 111.89 | -0.82 | TD ahead |
| 2025-05-07 | 95.35 | 112.03 | -0.80 | TD ahead |
| 2025-05-06 | 95.33 | 112.60 | -0.86 | TD ahead |
| 2025-05-05 | 95.97 | 113.33 | -0.84 | TD ahead |
| 2025-05-02 | 96.21 | 113.50 | -0.80 | TD ahead |
| 2025-05-01 | 95.22 | 112.05 | -0.75 | TD ahead |
| 2025-04-30 | 95.11 | 113.19 | -0.89 | TD ahead |
| 2025-04-29 | 95.12 | 112.28 | -0.76 | TD ahead |
| 2025-04-28 | 94.07 | 111.34 | -0.78 | TD ahead |
| 2025-04-25 | 93.42 | 110.33 | -0.74 | TD ahead |
| 2025-04-24 | 93.35 | 110.38 | -0.74 | TD ahead |
| 2025-04-23 | 93.45 | 109.65 | -0.63 | TD ahead |
| 2025-04-22 | 93.59 | 109.96 | -0.64 | TD ahead |
| 2025-04-21 | 91.40 | 107.93 | -0.69 | TD ahead |
| 2025-04-17 | 92.22 | 107.72 | -0.55 | TD ahead |
| 2025-04-16 | 91.73 | 107.26 | -0.55 | TD ahead |
| 2025-04-15 | 91.40 | 106.19 | -0.47 | near the usual relationship |
| 2025-04-14 | 91.54 | 106.41 | -0.46 | near the usual relationship |
| 2025-04-11 | 89.86 | 103.57 | -0.35 | near the usual relationship |
| 2025-04-10 | 87.23 | 100.51 | -0.34 | near the usual relationship |
| 2025-04-09 | 90.23 | 102.13 | -0.12 | near the usual relationship |
| 2025-04-08 | 85.97 | 99.18 | -0.34 | near the usual relationship |
| 2025-04-07 | 86.61 | 98.86 | -0.21 | near the usual relationship |
| 2025-04-04 | 87.99 | 101.22 | -0.29 | near the usual relationship |
| 2025-04-03 | 91.32 | 104.10 | -0.18 | near the usual relationship |
| 2025-04-02 | 91.01 | 106.32 | -0.45 | near the usual relationship |
| 2025-04-01 | 90.16 | 105.31 | -0.44 | near the usual relationship |
| 2025-03-31 | 89.42 | 106.37 | -0.64 | TD ahead |
| 2025-03-28 | 88.96 | 106.99 | -0.75 | TD ahead |
| 2025-03-27 | 91.00 | 108.18 | -0.61 | TD ahead |
| 2025-03-26 | 92.24 | 108.52 | -0.48 | near the usual relationship |
| 2025-03-25 | 92.54 | 108.16 | -0.40 | near the usual relationship |
| 2025-03-24 | 91.96 | 107.42 | -0.39 | near the usual relationship |
| 2025-03-21 | 90.12 | 105.64 | -0.42 | near the usual relationship |
| 2025-03-20 | 90.29 | 106.30 | -0.46 | near the usual relationship |
| 2025-03-19 | 90.61 | 106.28 | -0.41 | near the usual relationship |
| 2025-03-18 | 89.23 | 105.89 | -0.52 | TD ahead |
| 2025-03-17 | 89.42 | 106.03 | -0.51 | TD ahead |
| 2025-03-14 | 88.45 | 104.58 | -0.47 | near the usual relationship |
| 2025-03-13 | 86.32 | 102.34 | -0.49 | near the usual relationship |
| 2025-03-12 | 88.28 | 103.51 | -0.36 | near the usual relationship |
| 2025-03-11 | 87.53 | 102.34 | -0.33 | near the usual relationship |
| 2025-03-10 | 89.64 | 104.26 | -0.26 | near the usual relationship |
| 2025-03-07 | 91.29 | 105.68 | -0.21 | near the usual relationship |
| 2025-03-06 | 90.63 | 105.06 | -0.21 | near the usual relationship |
| 2025-03-05 | 91.34 | 105.13 | -0.13 | near the usual relationship |
| 2025-03-04 | 89.32 | 104.01 | -0.24 | near the usual relationship |
| 2025-03-03 | 92.70 | 105.70 | -0.02 | near the usual relationship |
| 2025-02-28 | 93.75 | 106.32 | +0.04 | near the usual relationship |
| 2025-02-27 | 91.40 | 106.10 | -0.18 | near the usual relationship |
| 2025-02-26 | 94.79 | 106.00 | +0.19 | near the usual relationship |
| 2025-02-25 | 94.64 | 105.77 | +0.20 | near the usual relationship |
| 2025-02-24 | 94.07 | 105.38 | +0.18 | near the usual relationship |
| 2025-02-21 | 94.31 | 106.18 | +0.14 | near the usual relationship |
| 2025-02-20 | 94.93 | 107.12 | +0.13 | near the usual relationship |
| 2025-02-19 | 95.64 | 106.71 | +0.24 | near the usual relationship |
| 2025-02-18 | 95.91 | 106.57 | +0.29 | near the usual relationship |
| 2025-02-14 | 94.44 | 106.03 | +0.19 | near the usual relationship |
| 2025-02-13 | 94.65 | 106.35 | +0.19 | near the usual relationship |
| 2025-02-12 | 93.91 | 106.39 | +0.12 | near the usual relationship |
| 2025-02-11 | 93.96 | 107.68 | +0.02 | near the usual relationship |
| 2025-02-10 | 93.61 | 106.55 | +0.09 | near the usual relationship |
| 2025-02-07 | 94.66 | 102.86 | +0.52 | RY ahead |
| 2025-02-06 | 94.76 | 102.79 | +0.54 | RY ahead |
| 2025-02-05 | 94.46 | 101.97 | +0.59 | RY ahead |
| 2025-02-04 | 94.16 | 101.72 | +0.59 | RY ahead |
| 2025-02-03 | 94.26 | 100.35 | +0.73 | RY ahead |
| 2025-01-31 | 96.73 | 101.28 | +0.89 | RY ahead |
| 2025-01-30 | 97.90 | 101.81 | +0.95 | RY ahead |
| 2025-01-29 | 96.82 | 101.88 | +0.86 | RY ahead |
| 2025-01-28 | 97.67 | 101.72 | +0.95 | RY ahead |
| 2025-01-27 | 97.28 | 102.08 | +0.90 | RY ahead |
| 2025-01-24 | 97.27 | 101.65 | +0.94 | RY ahead |
| 2025-01-23 | 96.85 | 101.47 | +0.92 | RY ahead |
| 2025-01-22 | 96.01 | 100.94 | +0.90 | RY ahead |
| 2025-01-21 | 96.98 | 101.63 | +0.93 | RY ahead |
| 2025-01-17 | 95.63 | 102.06 | +0.78 | RY ahead |
| 2025-01-16 | 95.26 | 98.17 | +1.10 | RY ahead |
| 2025-01-15 | 95.03 | 98.33 | +1.07 | RY ahead |
| 2025-01-14 | 94.11 | 97.07 | +1.10 | RY ahead |
| 2025-01-13 | 94.22 | 96.29 | +1.19 | RY ahead |
| 2025-01-10 | 93.95 | 96.17 | +1.19 | RY ahead |
| 2025-01-08 | 96.53 | 96.15 | +1.43 | RY ahead |
| 2025-01-07 | 96.26 | 96.97 | +1.35 | RY ahead |
| 2025-01-06 | 96.44 | 96.26 | +1.44 | RY ahead |
| 2025-01-03 | 95.54 | 95.49 | +1.43 | RY ahead |
| 2025-01-02 | 94.95 | 94.27 | +1.50 | RY ahead |
| 2024-12-31 | 95.60 | 94.48 | +1.56 | RY ahead |
| 2024-12-30 | 95.63 | 94.20 | +1.60 | RY ahead |
| 2024-12-27 | 95.90 | 94.06 | +1.65 | RY ahead |
| 2024-12-26 | 96.06 | 93.88 | +1.69 | RY ahead |
| 2024-12-24 | 95.79 | 94.16 | +1.65 | RY ahead |
| 2024-12-23 | 95.77 | 93.36 | +1.74 | RY ahead |
| 2024-12-20 | 95.77 | 92.72 | +1.82 | RY ahead |
| 2024-12-19 | 94.98 | 91.50 | +1.88 | RY ahead |
| 2024-12-18 | 95.07 | 91.94 | +1.86 | RY ahead |
| 2024-12-17 | 98.14 | 93.26 | +2.04 | RY ahead |
| 2024-12-16 | 98.70 | 94.23 | +2.02 | RY ahead |
| 2024-12-13 | 98.77 | 94.50 | +2.02 | RY ahead |
| 2024-12-12 | 98.91 | 94.87 | +2.02 | RY ahead |
| 2024-12-11 | 99.99 | 94.92 | +2.13 | RY ahead |
| 2024-12-10 | 99.90 | 94.25 | +2.21 | RY ahead |
| 2024-12-09 | 99.93 | 93.43 | +2.32 | RY ahead |
| 2024-12-06 | 100.00 | 92.21 | +2.47 | RY ahead |
| 2024-12-05 | 101.56 | 93.70 | +2.50 | RY ahead |
| 2024-12-04 | 99.45 | 100.44 | +1.70 | RY ahead |
| 2024-12-03 | 98.96 | 99.82 | +1.72 | RY ahead |
| 2024-12-02 | 99.26 | 99.73 | +1.77 | RY ahead |
| 2024-11-29 | 99.70 | 100.32 | +1.77 | RY ahead |
| 2024-11-27 | 99.38 | 100.07 | +1.77 | RY ahead |
| 2024-11-26 | 98.49 | 99.17 | +1.78 | RY ahead |
| 2024-11-25 | 98.63 | 99.09 | +1.81 | RY ahead |
| 2024-11-22 | 99.23 | 99.66 | +1.82 | RY ahead |
| 2024-11-21 | 99.24 | 99.20 | +1.88 | RY ahead |
| 2024-11-20 | 96.62 | 99.27 | +1.64 | RY ahead |
| 2024-11-19 | 97.50 | 99.08 | +1.75 | RY ahead |
| 2024-11-18 | 97.13 | 99.86 | +1.66 | RY ahead |
| 2024-11-15 | 96.37 | 99.25 | +1.65 | RY ahead |
| 2024-11-14 | 97.10 | 100.48 | +1.62 | RY ahead |
| 2024-11-13 | 97.70 | 99.52 | +1.77 | RY ahead |
| 2024-11-12 | 98.29 | 99.63 | +1.82 | RY ahead |
| 2024-11-11 | 98.41 | 101.03 | +1.73 | RY ahead |
| 2024-11-08 | 98.08 | 100.55 | +1.75 | RY ahead |
| 2024-11-07 | 98.81 | 100.78 | +1.81 | RY ahead |
| 2024-11-06 | 97.36 | 100.34 | +1.73 | RY ahead |
| 2024-11-05 | 97.70 | 98.81 | +1.91 | RY ahead |
| 2024-11-04 | 97.00 | 97.66 | +1.97 | RY ahead |
| 2024-11-01 | 96.62 | 97.59 | +1.96 | RY ahead |
| 2024-10-31 | 95.91 | 98.08 | +1.86 | RY ahead |
| 2024-10-30 | 98.04 | 98.76 | +2.01 | RY ahead |
| 2024-10-29 | 97.95 | 98.46 | +2.05 | RY ahead |
| 2024-10-28 | 98.40 | 99.88 | +1.98 | RY ahead |
| 2024-10-25 | 97.15 | 99.98 | +1.88 | RY ahead |
| 2024-10-24 | 98.00 | 100.89 | +1.89 | RY ahead |
| 2024-10-23 | 99.31 | 100.67 | +2.04 | RY ahead |
| 2024-10-22 | 99.24 | 101.63 | +1.97 | RY ahead |
| 2024-10-21 | 99.16 | 100.57 | +2.07 | RY ahead |
| 2024-10-18 | 100.00 | 100.00 | +2.22 | RY ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Dec 5, 2024 (RY +2.1%, TD -6.7%); Feb 26, 2026 (RY -2.2%, TD +1.6%).
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)
No simulated trade through Oct 20, 2026: the pair rarely passed every test while 2 standard deviations apart.
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
RY and TD at a glance
RY Royal Bank Of Canada
- Listing
- NYSE · SEC CIK 1000275
- Industry
- Commercial Banks · SIC 6029 Commercial Banks, NEC
- Market value
- $271.8B
- 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.
Other rivals of RY and TD
Follow the research behind the paper book
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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.
