BCS vs TD: Correlation
Measured on weekly returns over the past three years, Barclays PLC (BCS) and Toronto Dominion Bank (The) (TD) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCS and TD?
On 3 years of weekly data the BCS/TD correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 326.9 %².
Within BCS's tracked universe of 15 assets, TD comes in at #8 by 3-year correlation. The last year tells two different stories: TD led by 24.8 percentage points, +36.6% for BCS against +61.4% for TD. One caveat on sizing: BCS is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BCS vs TD: side by side
| BCS (Barclays PLC) | TD (Toronto Dominion Bank (The)) | |
|---|---|---|
| 1-year return | +36.6% | +61.4% |
| 5-year return | +214.7% | +124.4% |
| Volatility (ann.) | 30.9% | 19.1% |
| Beta vs S&P 500 | 1.27 | 0.59 |
| Max drawdown (3Y) | -26.2% | -19.2% |
| Market cap | $90.3B | $198.4B |
| P/E (trailing) | 10.3 | 19.4 |
| Dividend yield | 0.42% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCS | TD |
|---|---|---|
| 2022 | -21.9% | -12.2% |
| 2023 | +6.0% | +4.6% |
| 2024 | +76.3% | -13.4% |
| 2025 | +96.5% | +83.6% |
| 2026 | +8.0% | +30.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCS and TD good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCS and TD?
The BCS/TD correlation stands at 0.55 on a 3-year window (1 year: 0.63, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is TD a good diversifier for BCS?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bcs-vs-td.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bcs-vs-td/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCS correlations · TD correlations
