Commercial Banks

Royal Bank Of Canada vs The Toronto Dominion Bank

WatchlistRY / TDPrices through Oct 22, 2026

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 leadership

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.

Stock leadership

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 change3 mo6 mo12 mo
RY-3.4%+15.5%+37.8%
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)
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
The twins over two years

Prices side by side, and the gap between them

RY Royal Bank Of Canada 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).
100150200Oct 2024Oct 2025Oct 2026RY 160TD 222
Spread z-score: RY relative to TD, against the 252 sessions before each day. Above 0: RY ahead; below 0: TD ahead. Lines at +/-2 (idea) and +/-4 (stop).
-4stop-2idea0+2idea+4stopOct 2024Oct 2025Oct 2026
Data table (504 sessions)
DateRY indexTD indexzAhead
2026-10-22160.30222.04-2.37TD ahead
2026-10-21160.27221.30-2.30TD ahead
2026-10-20157.91216.73-2.12TD ahead
2026-10-19155.73213.06-2.04TD ahead
2026-10-16156.92213.65-1.90TD ahead
2026-10-15156.03212.55-1.93TD ahead
2026-10-14153.76208.75-1.84TD ahead
2026-10-13154.44209.32-1.80TD ahead
2026-10-12152.92206.73-1.73TD ahead
2026-10-09152.25204.26-1.50TD ahead
2026-10-08151.18202.38-1.44TD ahead
2026-10-07151.70202.08-1.29TD ahead
2026-10-06155.77209.72-1.65TD ahead
2026-10-05154.44207.81-1.65TD ahead
2026-10-02155.23209.19-1.71TD ahead
2026-10-01154.99208.71-1.70TD ahead
2026-09-30155.96208.57-1.48TD ahead
2026-09-29158.51211.18-1.37TD ahead
2026-09-28159.42212.16-1.34TD ahead
2026-09-25160.24214.11-1.48TD ahead
2026-09-24158.27211.64-1.51TD ahead
2026-09-23158.23211.91-1.56TD ahead
2026-09-22161.71217.66-1.74TD ahead
2026-09-21163.58220.12-1.74TD ahead
2026-09-18161.29217.09-1.76TD ahead
2026-09-17161.50216.17-1.59TD ahead
2026-09-16160.48214.02-1.48TD ahead
2026-09-15162.02215.56-1.41TD ahead
2026-09-14162.76214.61-1.13TD ahead
2026-09-11163.35214.68-1.04TD ahead
2026-09-10163.41213.20-0.81TD ahead
2026-09-09164.07211.43-0.44near the usual relationship
2026-09-08165.81213.88-0.47near the usual relationship
2026-09-04167.07215.85-0.53TD ahead
2026-09-03168.24218.83-0.73TD ahead
2026-09-02164.90215.56-0.87TD ahead
2026-09-01161.43212.07-1.02TD ahead
2026-08-31161.96214.57-1.25TD ahead
2026-08-28162.02215.17-1.32TD ahead
2026-08-27162.27214.89-1.25TD ahead
2026-08-26164.39211.94-0.52TD ahead
2026-08-25164.29211.30-0.46near the usual relationship
2026-08-24161.86206.83-0.29near the usual relationship
2026-08-21162.82207.90-0.28near the usual relationship
2026-08-20162.80207.36-0.22near the usual relationship
2026-08-19164.71210.03-0.25near the usual relationship
2026-08-18168.97216.45-0.38near the usual relationship
2026-08-17171.51220.66-0.50TD ahead
2026-08-14171.80220.69-0.46near the usual relationship
2026-08-13170.57218.47-0.39near the usual relationship
2026-08-12169.36218.83-0.63TD ahead
2026-08-11166.81215.39-0.62TD ahead
2026-08-10167.23214.87-0.49near the usual relationship
2026-08-07167.46215.28-0.51TD ahead
2026-08-06167.75215.05-0.43near the usual relationship
2026-08-05167.61215.00-0.45near the usual relationship
2026-08-04165.44211.87-0.41near the usual relationship
2026-08-03166.97215.00-0.56TD ahead
2026-07-31166.21212.81-0.41near the usual relationship
2026-07-30166.70212.53-0.29near the usual relationship
2026-07-29163.78207.61-0.14near the usual relationship
2026-07-28168.49213.68-0.15near the usual relationship
2026-07-27166.21212.33-0.35near the usual relationship
2026-07-24165.88212.56-0.43near the usual relationship
2026-07-23165.38211.57-0.39near the usual relationship
2026-07-22167.75215.26-0.47near the usual relationship
2026-07-21167.30213.90-0.38near the usual relationship
2026-07-20166.89213.84-0.44near the usual relationship
2026-07-17170.91219.34-0.49near the usual relationship
2026-07-16171.42219.88-0.47near the usual relationship
2026-07-15172.84221.47-0.45near the usual relationship
2026-07-14169.81218.07-0.51TD ahead
2026-07-13167.15214.07-0.44near the usual relationship
2026-07-10167.47213.90-0.37near the usual relationship
2026-07-09165.46212.51-0.52TD ahead
2026-07-08163.24210.40-0.62TD ahead
2026-07-07165.86215.49-0.84TD ahead
2026-07-06165.05214.09-0.80TD ahead
2026-07-02162.47211.71-0.93TD ahead
2026-07-01165.26216.95-1.14TD ahead
2026-06-30164.20215.49-1.14TD ahead
2026-06-29162.47213.54-1.19TD ahead
2026-06-26160.93212.28-1.29TD ahead
2026-06-25161.63213.82-1.38TD ahead
2026-06-24160.38210.86-1.22TD ahead
2026-06-23160.99212.05-1.28TD ahead
2026-06-22160.84212.21-1.34TD ahead
2026-06-18159.90211.69-1.45TD ahead
2026-06-17159.22210.29-1.39TD ahead
2026-06-16159.56209.78-1.28TD ahead
2026-06-15157.93208.23-1.37TD ahead
2026-06-12158.30208.22-1.31TD ahead
2026-06-11158.09206.30-1.10TD ahead
2026-06-10156.77203.19-0.91TD ahead
2026-06-09156.99203.44-0.91TD ahead
2026-06-08154.95202.61-1.18TD ahead
2026-06-05153.94200.82-1.12TD ahead
2026-06-04154.68201.86-1.14TD ahead
2026-06-03151.59199.40-1.38TD ahead
2026-06-02151.63201.10-1.63TD ahead
2026-06-01149.59196.50-1.36TD ahead
2026-05-29150.36201.56-1.96TD ahead
2026-05-28149.85201.14-2.02TD ahead
2026-05-27150.04199.11-1.71TD ahead
2026-05-26150.71199.75-1.68TD ahead
2026-05-22150.50198.53-1.55TD ahead
2026-05-21150.08197.18-1.44TD ahead
2026-05-20148.53194.46-1.35TD ahead
2026-05-19145.60191.50-1.48TD ahead
2026-05-18146.60192.33-1.42TD ahead
2026-05-15146.60191.02-1.23TD ahead
2026-05-14145.84192.09-1.54TD ahead
2026-05-13142.74189.07-1.72TD ahead
2026-05-12144.61191.23-1.68TD ahead
2026-05-11143.47190.04-1.74TD ahead
2026-05-08144.13190.70-1.73TD ahead
2026-05-07143.87191.13-1.86TD ahead
2026-05-06144.09192.72-2.07TD ahead
2026-05-05141.59188.00-1.88TD ahead
2026-05-04141.16188.55-2.08TD ahead
2026-05-01142.44190.43-2.13TD ahead
2026-04-30142.78191.13-2.19TD ahead
2026-04-29139.01185.11-2.06TD ahead
2026-04-28141.02187.03-1.97TD ahead
2026-04-27140.16187.47-2.24TD ahead
2026-04-24139.10186.39-2.32TD ahead
2026-04-23138.76186.39-2.42TD ahead
2026-04-22139.94185.57-2.07TD ahead
2026-04-21140.78186.92-2.13TD ahead
2026-04-20142.81188.89-2.04TD ahead
2026-04-17141.56186.96-2.01TD ahead
2026-04-16139.51184.63-2.09TD ahead
2026-04-15139.59184.54-2.08TD ahead
2026-04-14138.75183.02-2.03TD ahead
2026-04-13137.78181.08-1.93TD ahead
2026-04-10136.38178.72-1.85TD ahead
2026-04-09135.49177.23-1.81TD ahead
2026-04-08134.45176.22-1.88TD ahead
2026-04-07131.21172.12-1.92TD ahead
2026-04-06130.46170.17-1.77TD ahead
2026-04-02129.62168.98-1.77TD ahead
2026-04-01129.65168.06-1.62TD ahead
2026-03-31128.35165.59-1.49TD ahead
2026-03-30125.23162.47-1.67TD ahead
2026-03-27125.51162.15-1.56TD ahead
2026-03-26127.08164.76-1.68TD ahead
2026-03-25128.92167.35-1.73TD ahead
2026-03-24128.61165.98-1.57TD ahead
2026-03-23128.38166.16-1.67TD ahead
2026-03-20126.30163.25-1.65TD ahead
2026-03-19127.20166.05-1.97TD ahead
2026-03-18128.80167.38-1.86TD ahead
2026-03-17130.28170.42-2.08TD ahead
2026-03-16130.01169.02-1.91TD ahead
2026-03-13127.93165.47-1.77TD ahead
2026-03-12129.29166.87-1.72TD ahead
2026-03-11130.90170.19-1.97TD ahead
2026-03-10131.23170.20-1.91TD ahead
2026-03-09129.66169.16-2.12TD ahead
2026-03-06129.73169.64-2.21TD ahead
2026-03-05130.43172.26-2.56TD ahead
2026-03-04131.65175.21-2.84TD ahead
2026-03-03131.61173.42-2.55TD ahead
2026-03-02133.77174.37-2.23TD ahead
2026-02-27132.67172.78-2.21TD ahead
2026-02-26134.73175.30-2.19TD ahead
2026-02-25137.75172.46-0.97TD ahead
2026-02-24135.38168.75-0.83TD ahead
2026-02-23135.34170.04-1.09TD ahead
2026-02-20136.83172.12-1.13TD ahead
2026-02-19135.42170.03-1.07TD ahead
2026-02-18135.46170.61-1.17TD ahead
2026-02-17134.40169.65-1.24TD ahead
2026-02-13134.45169.16-1.15TD ahead
2026-02-12134.35169.71-1.28TD ahead
2026-02-11137.21172.64-1.17TD ahead
2026-02-10139.20174.94-1.13TD ahead
2026-02-09138.17174.29-1.24TD ahead
2026-02-06135.18171.57-1.41TD ahead
2026-02-05133.95168.45-1.15TD ahead
2026-02-04134.88169.39-1.10TD ahead
2026-02-03135.31169.46-1.02TD ahead
2026-02-02133.76167.74-1.05TD ahead
2026-01-30131.88165.91-1.13TD ahead
2026-01-29133.90168.46-1.12TD ahead
2026-01-28132.15166.14-1.10TD ahead
2026-01-27133.95170.49-1.39TD ahead
2026-01-26132.74168.39-1.31TD ahead
2026-01-23134.64168.78-1.03TD ahead
2026-01-22133.96168.07-1.05TD ahead
2026-01-21133.28166.21-0.91TD ahead
2026-01-20132.84164.95-0.82TD ahead
2026-01-16134.22166.55-0.80TD ahead
2026-01-15134.34166.94-0.84TD ahead
2026-01-14133.76166.39-0.86TD ahead
2026-01-13134.03166.74-0.86TD ahead
2026-01-12134.59167.03-0.81TD ahead
2026-01-09134.22167.31-0.89TD ahead
2026-01-08134.51167.88-0.92TD ahead
2026-01-07134.20166.69-0.82TD ahead
2026-01-06135.20167.93-0.82TD ahead
2026-01-05137.33170.56-0.82TD ahead
2026-01-02135.49167.77-0.77TD ahead
2025-12-31135.26167.17-0.74TD ahead
2025-12-30136.13168.07-0.72TD ahead
2025-12-29136.25167.83-0.68TD ahead
2025-12-26136.07167.97-0.72TD ahead
2025-12-24135.82167.72-0.73TD ahead
2025-12-23135.59167.01-0.69TD ahead
2025-12-22134.73165.11-0.61TD ahead
2025-12-19133.87164.72-0.68TD ahead
2025-12-18132.60164.19-0.77TD ahead
2025-12-17131.13161.76-0.72TD ahead
2025-12-16131.99162.64-0.71TD ahead
2025-12-15132.56163.34-0.71TD ahead
2025-12-12131.58162.24-0.72TD ahead
2025-12-11132.50162.96-0.69TD ahead
2025-12-10131.01161.95-0.76TD ahead
2025-12-09129.47158.19-0.61TD ahead
2025-12-08129.62156.40-0.45near the usual relationship
2025-12-05128.90156.73-0.56TD ahead
2025-12-04127.38152.76-0.39near the usual relationship
2025-12-03124.30149.72-0.45near the usual relationship
2025-12-02122.51150.04-0.67TD ahead
2025-12-01121.29148.18-0.64TD ahead
2025-11-28122.25148.94-0.61TD ahead
2025-11-26121.53148.07-0.62TD ahead
2025-11-25120.76146.07-0.53TD ahead
2025-11-24118.77146.76-0.80TD ahead
2025-11-21118.99145.61-0.69TD ahead
2025-11-20116.90144.31-0.81TD ahead
2025-11-19117.63144.79-0.78TD ahead
2025-11-18118.29145.98-0.81TD ahead
2025-11-17116.72144.54-0.86TD ahead
2025-11-14116.27144.37-0.90TD ahead
2025-11-13116.44144.37-0.89TD ahead
2025-11-12118.18146.83-0.92TD ahead
2025-11-11117.19144.81-0.87TD ahead
2025-11-10116.53143.99-0.87TD ahead
2025-11-07115.40143.57-0.96TD ahead
2025-11-06115.36142.73-0.90TD ahead
2025-11-05115.56143.14-0.92TD ahead
2025-11-04115.64142.93-0.90TD ahead
2025-11-03116.95145.39-0.98TD ahead
2025-10-31116.22145.75-1.09TD ahead
2025-10-30115.75145.36-1.12TD ahead
2025-10-29116.37145.13-1.04TD ahead
2025-10-28118.25146.80-1.00TD ahead
2025-10-27117.60144.86-0.91TD ahead
2025-10-24117.24143.74-0.86TD ahead
2025-10-23116.99143.57-0.88TD ahead
2025-10-22116.46143.48-0.93TD ahead
2025-10-21116.30142.61-0.89TD ahead
2025-10-20116.57141.74-0.79TD ahead
2025-10-17115.66140.53-0.79TD ahead
2025-10-16115.28139.70-0.77TD ahead
2025-10-15116.45142.66-0.90TD ahead
2025-10-14115.38140.89-0.87TD ahead
2025-10-13114.70139.96-0.87TD ahead
2025-10-10113.95138.99-0.86TD ahead
2025-10-09115.24141.67-0.96TD ahead
2025-10-08115.07142.77-1.07TD ahead
2025-10-07115.72143.58-1.08TD ahead
2025-10-06116.64144.15-1.03TD ahead
2025-10-03116.59144.15-1.05TD ahead
2025-10-02116.16141.31-0.86TD ahead
2025-10-01116.78142.75-0.92TD ahead
2025-09-30116.87141.88-0.84TD ahead
2025-09-29116.59141.56-0.85TD ahead
2025-09-26115.91140.64-0.85TD ahead
2025-09-25116.01139.91-0.78TD ahead
2025-09-24116.84138.65-0.59TD ahead
2025-09-23117.45139.75-0.62TD ahead
2025-09-22117.89140.69-0.66TD ahead
2025-09-19116.83139.54-0.67TD ahead
2025-09-18115.95139.13-0.73TD ahead
2025-09-17116.10139.13-0.72TD ahead
2025-09-16115.86138.21-0.66TD ahead
2025-09-15115.34137.80-0.69TD ahead
2025-09-12114.35136.27-0.66TD ahead
2025-09-11115.14136.33-0.59TD ahead
2025-09-10114.35134.62-0.52TD ahead
2025-09-09114.23133.70-0.45near the usual relationship
2025-09-08114.72132.60-0.31near the usual relationship
2025-09-05114.63132.14-0.28near the usual relationship
2025-09-04115.68132.58-0.21near the usual relationship
2025-09-03115.54132.85-0.25near the usual relationship
2025-09-02114.84132.26-0.27near the usual relationship
2025-08-29115.32133.35-0.32near the usual relationship
2025-08-28115.71129.28+0.09near the usual relationship
2025-08-27115.24135.12-0.49near the usual relationship
2025-08-26109.23133.52-0.99TD ahead
2025-08-25108.08130.90-0.88TD ahead
2025-08-22109.39132.00-0.84TD ahead
2025-08-21108.05130.68-0.86TD ahead
2025-08-20108.28130.81-0.85TD ahead
2025-08-19108.15130.10-0.80TD ahead
2025-08-18108.21131.16-0.90TD ahead
2025-08-15108.23131.34-0.91TD ahead
2025-08-14108.36132.24-0.98TD ahead
2025-08-13107.82132.17-1.04TD ahead
2025-08-12106.94129.92-0.94TD ahead
2025-08-11105.85129.69-1.04TD ahead
2025-08-08105.20129.99-1.15TD ahead
2025-08-07105.07129.33-1.11TD ahead
2025-08-06104.89130.33-1.23TD ahead
2025-08-05103.71129.51-1.29TD ahead
2025-08-04103.07130.40-1.46TD ahead
2025-08-01102.03130.40-1.59TD ahead
2025-07-31101.91129.33-1.52TD ahead
2025-07-30102.65130.54-1.55TD ahead
2025-07-29102.90130.45-1.52TD ahead
2025-07-28103.49131.52-1.56TD ahead
2025-07-25104.76132.97-1.56TD ahead
2025-07-24104.74132.85-1.56TD ahead
2025-07-23106.47133.72-1.45TD ahead
2025-07-22105.63133.27-1.51TD ahead
2025-07-21106.00132.09-1.36TD ahead
2025-07-18105.36130.58-1.30TD ahead
2025-07-17105.53131.32-1.36TD ahead
2025-07-16104.71131.34-1.47TD ahead
2025-07-15103.64130.35-1.52TD ahead
2025-07-14104.58131.38-1.52TD ahead
2025-07-11104.53130.61-1.46TD ahead
2025-07-10105.74131.13-1.37TD ahead
2025-07-09105.06131.50-1.50TD ahead
2025-07-08104.53131.39-1.57TD ahead
2025-07-07104.59131.54-1.59TD ahead
2025-07-03105.23133.13-1.68TD ahead
2025-07-02104.06132.05-1.74TD ahead
2025-07-01104.93131.52-1.58TD ahead
2025-06-30104.36130.35-1.54TD ahead
2025-06-27102.90128.82-1.59TD ahead
2025-06-26103.27129.30-1.60TD ahead
2025-06-25101.60127.77-1.67TD ahead
2025-06-24101.80127.42-1.62TD ahead
2025-06-23100.90126.32-1.63TD ahead
2025-06-20100.98125.79-1.57TD ahead
2025-06-18101.60126.53-1.58TD ahead
2025-06-17101.54125.82-1.52TD ahead
2025-06-16102.25126.09-1.46TD ahead
2025-06-13101.35125.64-1.54TD ahead
2025-06-12102.20125.61-1.43TD ahead
2025-06-11101.45124.69-1.44TD ahead
2025-06-10101.79125.52-1.49TD ahead
2025-06-09101.24124.38-1.45TD ahead
2025-06-06101.17124.92-1.53TD ahead
2025-06-05100.72124.17-1.52TD ahead
2025-06-04101.05123.48-1.40TD ahead
2025-06-03101.14124.15-1.47TD ahead
2025-06-02101.44122.98-1.30TD ahead
2025-05-30100.48122.54-1.39TD ahead
2025-05-2999.17121.99-1.52TD ahead
2025-05-28102.29120.87-0.93TD ahead
2025-05-27102.23121.06-0.96TD ahead
2025-05-23101.89120.14-0.90TD ahead
2025-05-22100.37118.81-0.95TD ahead
2025-05-2199.82114.96-0.55TD ahead
2025-05-20100.34115.00-0.48near the usual relationship
2025-05-19100.86114.89-0.39near the usual relationship
2025-05-16100.86114.89-0.38near the usual relationship
2025-05-1598.99115.30-0.70TD ahead
2025-05-1497.21113.95-0.78TD ahead
2025-05-1396.63113.47-0.80TD ahead
2025-05-1295.88112.30-0.76TD ahead
2025-05-0995.42112.12-0.80TD ahead
2025-05-0895.07111.89-0.82TD ahead
2025-05-0795.35112.03-0.80TD ahead
2025-05-0695.33112.60-0.86TD ahead
2025-05-0595.97113.33-0.84TD ahead
2025-05-0296.21113.50-0.80TD ahead
2025-05-0195.22112.05-0.75TD ahead
2025-04-3095.11113.19-0.89TD ahead
2025-04-2995.12112.28-0.76TD ahead
2025-04-2894.07111.34-0.78TD ahead
2025-04-2593.42110.33-0.74TD ahead
2025-04-2493.35110.38-0.74TD ahead
2025-04-2393.45109.65-0.63TD ahead
2025-04-2293.59109.96-0.64TD ahead
2025-04-2191.40107.93-0.69TD ahead
2025-04-1792.22107.72-0.55TD ahead
2025-04-1691.73107.26-0.55TD ahead
2025-04-1591.40106.19-0.47near the usual relationship
2025-04-1491.54106.41-0.46near the usual relationship
2025-04-1189.86103.57-0.35near the usual relationship
2025-04-1087.23100.51-0.34near the usual relationship
2025-04-0990.23102.13-0.12near the usual relationship
2025-04-0885.9799.18-0.34near the usual relationship
2025-04-0786.6198.86-0.21near the usual relationship
2025-04-0487.99101.22-0.29near the usual relationship
2025-04-0391.32104.10-0.18near the usual relationship
2025-04-0291.01106.32-0.45near the usual relationship
2025-04-0190.16105.31-0.44near the usual relationship
2025-03-3189.42106.37-0.64TD ahead
2025-03-2888.96106.99-0.75TD ahead
2025-03-2791.00108.18-0.61TD ahead
2025-03-2692.24108.52-0.48near the usual relationship
2025-03-2592.54108.16-0.40near the usual relationship
2025-03-2491.96107.42-0.39near the usual relationship
2025-03-2190.12105.64-0.42near the usual relationship
2025-03-2090.29106.30-0.46near the usual relationship
2025-03-1990.61106.28-0.41near the usual relationship
2025-03-1889.23105.89-0.52TD ahead
2025-03-1789.42106.03-0.51TD ahead
2025-03-1488.45104.58-0.47near the usual relationship
2025-03-1386.32102.34-0.49near the usual relationship
2025-03-1288.28103.51-0.36near the usual relationship
2025-03-1187.53102.34-0.33near the usual relationship
2025-03-1089.64104.26-0.26near the usual relationship
2025-03-0791.29105.68-0.21near the usual relationship
2025-03-0690.63105.06-0.21near the usual relationship
2025-03-0591.34105.13-0.13near the usual relationship
2025-03-0489.32104.01-0.24near the usual relationship
2025-03-0392.70105.70-0.02near the usual relationship
2025-02-2893.75106.32+0.04near the usual relationship
2025-02-2791.40106.10-0.18near the usual relationship
2025-02-2694.79106.00+0.19near the usual relationship
2025-02-2594.64105.77+0.20near the usual relationship
2025-02-2494.07105.38+0.18near the usual relationship
2025-02-2194.31106.18+0.14near the usual relationship
2025-02-2094.93107.12+0.13near the usual relationship
2025-02-1995.64106.71+0.24near the usual relationship
2025-02-1895.91106.57+0.29near the usual relationship
2025-02-1494.44106.03+0.19near the usual relationship
2025-02-1394.65106.35+0.19near the usual relationship
2025-02-1293.91106.39+0.12near the usual relationship
2025-02-1193.96107.68+0.02near the usual relationship
2025-02-1093.61106.55+0.09near the usual relationship
2025-02-0794.66102.86+0.52RY ahead
2025-02-0694.76102.79+0.54RY ahead
2025-02-0594.46101.97+0.59RY ahead
2025-02-0494.16101.72+0.59RY ahead
2025-02-0394.26100.35+0.73RY ahead
2025-01-3196.73101.28+0.89RY ahead
2025-01-3097.90101.81+0.95RY ahead
2025-01-2996.82101.88+0.86RY ahead
2025-01-2897.67101.72+0.95RY ahead
2025-01-2797.28102.08+0.90RY ahead
2025-01-2497.27101.65+0.94RY ahead
2025-01-2396.85101.47+0.92RY ahead
2025-01-2296.01100.94+0.90RY ahead
2025-01-2196.98101.63+0.93RY ahead
2025-01-1795.63102.06+0.78RY ahead
2025-01-1695.2698.17+1.10RY ahead
2025-01-1595.0398.33+1.07RY ahead
2025-01-1494.1197.07+1.10RY ahead
2025-01-1394.2296.29+1.19RY ahead
2025-01-1093.9596.17+1.19RY ahead
2025-01-0896.5396.15+1.43RY ahead
2025-01-0796.2696.97+1.35RY ahead
2025-01-0696.4496.26+1.44RY ahead
2025-01-0395.5495.49+1.43RY ahead
2025-01-0294.9594.27+1.50RY ahead
2024-12-3195.6094.48+1.56RY ahead
2024-12-3095.6394.20+1.60RY ahead
2024-12-2795.9094.06+1.65RY ahead
2024-12-2696.0693.88+1.69RY ahead
2024-12-2495.7994.16+1.65RY ahead
2024-12-2395.7793.36+1.74RY ahead
2024-12-2095.7792.72+1.82RY ahead
2024-12-1994.9891.50+1.88RY ahead
2024-12-1895.0791.94+1.86RY ahead
2024-12-1798.1493.26+2.04RY ahead
2024-12-1698.7094.23+2.02RY ahead
2024-12-1398.7794.50+2.02RY ahead
2024-12-1298.9194.87+2.02RY ahead
2024-12-1199.9994.92+2.13RY ahead
2024-12-1099.9094.25+2.21RY ahead
2024-12-0999.9393.43+2.32RY ahead
2024-12-06100.0092.21+2.47RY ahead
2024-12-05101.5693.70+2.50RY ahead
2024-12-0499.45100.44+1.70RY ahead
2024-12-0398.9699.82+1.72RY ahead
2024-12-0299.2699.73+1.77RY ahead
2024-11-2999.70100.32+1.77RY ahead
2024-11-2799.38100.07+1.77RY ahead
2024-11-2698.4999.17+1.78RY ahead
2024-11-2598.6399.09+1.81RY ahead
2024-11-2299.2399.66+1.82RY ahead
2024-11-2199.2499.20+1.88RY ahead
2024-11-2096.6299.27+1.64RY ahead
2024-11-1997.5099.08+1.75RY ahead
2024-11-1897.1399.86+1.66RY ahead
2024-11-1596.3799.25+1.65RY ahead
2024-11-1497.10100.48+1.62RY ahead
2024-11-1397.7099.52+1.77RY ahead
2024-11-1298.2999.63+1.82RY ahead
2024-11-1198.41101.03+1.73RY ahead
2024-11-0898.08100.55+1.75RY ahead
2024-11-0798.81100.78+1.81RY ahead
2024-11-0697.36100.34+1.73RY ahead
2024-11-0597.7098.81+1.91RY ahead
2024-11-0497.0097.66+1.97RY ahead
2024-11-0196.6297.59+1.96RY ahead
2024-10-3195.9198.08+1.86RY ahead
2024-10-3098.0498.76+2.01RY ahead
2024-10-2997.9598.46+2.05RY ahead
2024-10-2898.4099.88+1.98RY ahead
2024-10-2597.1599.98+1.88RY ahead
2024-10-2498.00100.89+1.89RY ahead
2024-10-2399.31100.67+2.04RY ahead
2024-10-2299.24101.63+1.97RY ahead
2024-10-2199.16100.57+2.07RY ahead
2024-10-18100.00100.00+2.22RY 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%).

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)

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.

The companies

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.

Related
All pairs →
PairStatusAhead nowIndustry
MUFG / TDWatchlistTD by 1.16 sdCommercial Banks
RY / MUFGWatchlistneitherCommercial Banks

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Paper 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.