ATRL.TO vs. BNS.TO
ATRL.TO (SNC-Lavalin Group Inc) and BNS.TO (The Bank of Nova Scotia) are both stocks. ATRL.TO operates in Engineering & Construction (Industrials), while BNS.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, ATRL.TO returned 5.33%/yr vs 11.26%/yr for BNS.TO. At a 0.38 correlation, their price movements are largely independent.
Performance
ATRL.TO vs. BNS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ATRL.TO achieves a -8.64% return, which is significantly lower than BNS.TO's 14.13% return. Over the past 10 years, ATRL.TO has underperformed BNS.TO with an annualized return of 5.33%, while BNS.TO has yielded a comparatively higher 11.26% annualized return.
ATRL.TO
- 1D
- 1.11%
- 1M
- -11.19%
- YTD
- -8.64%
- 6M
- -8.48%
- 1Y
- -13.36%
- 3Y*
- 34.59%
- 5Y*
- 20.51%
- 10Y*
- 5.33%
BNS.TO
- 1D
- 0.58%
- 1M
- 6.52%
- YTD
- 14.13%
- 6M
- 16.24%
- 1Y
- 60.74%
- 3Y*
- 26.75%
- 5Y*
- 13.06%
- 10Y*
- 11.26%
ATRL.TO vs. BNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATRL.TO SNC-Lavalin Group Inc | -8.64% | 16.29% | 79.01% | 79.18% | -22.57% | 42.60% | -27.19% | -34.23% | -17.75% | 0.73% |
BNS.TO The Bank of Nova Scotia | 14.13% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
Correlation
The correlation between ATRL.TO and BNS.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.38 |
The correlation between ATRL.TO and BNS.TO shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
Fundamentals
ATRL.TO:
CA$13.36B
BNS.TO:
CA$139.23B
ATRL.TO:
CA$15.83
BNS.TO:
CA$7.57
ATRL.TO:
5.11
BNS.TO:
14.92
ATRL.TO:
1.19
BNS.TO:
2.33
ATRL.TO:
2.47
BNS.TO:
1.80
ATRL.TO:
CA$11.43B
BNS.TO:
CA$61.04B
ATRL.TO:
CA$884.72M
BNS.TO:
CA$33.58B
ATRL.TO:
CA$3.55B
BNS.TO:
CA$13.09B
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Return for Risk
ATRL.TO vs. BNS.TO — Risk / Return Rank
ATRL.TO
BNS.TO
ATRL.TO vs. BNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SNC-Lavalin Group Inc (ATRL.TO) and The Bank of Nova Scotia (BNS.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ATRL.TO | BNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.47 | ||
| Sortino ratioReturn per unit of downside risk | -6.08 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.80 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | 5.32 | -5.87 |
| Martin ratioReturn relative to average drawdown | -1.14 | 20.64 | -21.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ATRL.TO | BNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 4.07 | -4.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.81 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.60 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.45 | -0.27 |
Drawdowns
ATRL.TO vs. BNS.TO - Drawdown Comparison
The maximum ATRL.TO drawdown since its inception was -74.02%, which is greater than BNS.TO's maximum drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for ATRL.TO and BNS.TO.
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Drawdown Indicators
| ATRL.TO | BNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.02% | -52.27% | -21.75% |
Max Drawdown (1Y)Largest decline over 1 year | -24.44% | -11.48% | -12.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.85% | -18.12% | -7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -42.72% | -34.87% | -7.85% |
Max Drawdown (10Y)Largest decline over 10 years | -74.02% | -38.95% | -35.07% |
Current DrawdownCurrent decline from peak | -23.60% | -0.09% | -23.51% |
Average DrawdownAverage peak-to-trough decline | -24.86% | -9.24% | -15.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 2.95% | +8.80% |
Volatility
ATRL.TO vs. BNS.TO - Volatility Comparison
SNC-Lavalin Group Inc (ATRL.TO) has a higher volatility of 10.50% compared to The Bank of Nova Scotia (BNS.TO) at 4.80%. This indicates that ATRL.TO's price experiences larger fluctuations and is considered to be riskier than BNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATRL.TO | BNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.50% | 4.80% | +5.70% |
Volatility (6M)Calculated over the trailing 6-month period | 26.40% | 11.60% | +14.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.48% | 15.04% | +18.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.52% | 16.32% | +17.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.03% | 18.80% | +19.23% |
Dividends
ATRL.TO vs. BNS.TO - Dividend Comparison
ATRL.TO's dividend yield for the trailing twelve months is around 0.10%, less than BNS.TO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ATRL.TO SNC-Lavalin Group Inc | 0.10% | 0.09% | 0.10% | 0.19% | 0.34% | 0.26% | 0.37% | 0.80% | 2.50% | 1.91% | 1.80% | 2.43% |
BNS.TO The Bank of Nova Scotia | 3.89% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
Financials
ATRL.TO vs. BNS.TO - Financials Comparison
This section allows you to compare key financial metrics between SNC-Lavalin Group Inc and The Bank of Nova Scotia. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ATRL.TO vs. BNS.TO - Profitability Comparison
ATRL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SNC-Lavalin Group Inc reported a gross profit of 214.09M and revenue of 3.00B. Therefore, the gross margin over that period was 7.1%.
BNS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a gross profit of 8.40B and revenue of 17.19B. Therefore, the gross margin over that period was 48.9%.
ATRL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SNC-Lavalin Group Inc reported an operating income of 178.37M and revenue of 3.00B, resulting in an operating margin of 6.0%.
BNS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported an operating income of 3.43B and revenue of 17.19B, resulting in an operating margin of 20.0%.
ATRL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SNC-Lavalin Group Inc reported a net income of 92.81M and revenue of 3.00B, resulting in a net margin of 3.1%.
BNS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a net income of 2.60B and revenue of 17.19B, resulting in a net margin of 15.1%.
Frequently Asked Questions
ATRL.TO and BNS.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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