TD vs VSTS: Correlation
Toronto Dominion Bank (The) (TD) and Vestis Corporation (VSTS) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TD and VSTS?
On 3 years of weekly data the TD/VSTS correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.31 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 469.8 %².
Within TD's tracked universe of 13 assets, VSTS comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VSTS ahead by 115.8 points (+61.4% versus +177.2%). Risk is not evenly split, since VSTS carries 3.2 times the volatility of the other side.
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.
TD vs VSTS: side by side
| TD (Toronto Dominion Bank (The)) | VSTS (Vestis Corporation) | |
|---|---|---|
| 1-year return | +61.4% | +177.2% |
| 5-year return | +124.4% | n/a |
| Volatility (ann.) | 19.1% | 61.1% |
| Beta vs S&P 500 | 0.59 | 0.98 |
| Max drawdown (3Y) | -19.2% | -81.6% |
| Market cap | $198.4B | $1.7B |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TD | VSTS |
|---|---|---|
| 2022 | -12.2% | – |
| 2023 | +4.6% | – |
| 2024 | -13.4% | -27.2% |
| 2025 | +83.6% | -56.1% |
| 2026 | +30.4% | +91.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TD and VSTS good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between TD and VSTS?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.31 over the last year and n/a over 5 years.
Is VSTS a good diversifier for TD?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: TD correlations · VSTS correlations
