BBD-A.TO vs. CNC.V

Last updated Jun 4, 2026

BBD-A.TO (Bombardier Inc) and CNC.V (Canada Nickel Company Inc) are both stocks. BBD-A.TO operates in Aerospace & Defense (Industrials), while CNC.V operates in Other Industrial Metals & Mining (Basic Materials). Over the past 5 years, BBD-A.TO returned 59.69%/yr vs -14.98%/yr for CNC.V. At a 0.14 correlation, their price movements are largely independent.

Performance

BBD-A.TO vs. CNC.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bombardier Inc (BBD-A.TO) and Canada Nickel Company Inc (CNC.V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBD-A.TO achieves a 39.39% return, which is significantly higher than CNC.V's 13.57% return.

BBD-A.TO

• 1D: -0.27%
• 1M: 16.41%
• YTD: 39.39%
• 6M: 41.03%
• 1Y: 237.41%
• 3Y*: 78.20%
• 5Y*: 59.69%
• 10Y*: 19.64%

CNC.V

• 1D: -5.36%
• 1M: -5.92%
• YTD: 13.57%
• 6M: 27.20%
• 1Y: 67.37%
• 3Y*: 6.40%
• 5Y*: -14.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBD-A.TO vs. CNC.V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BBD-A.TO Bombardier Inc	39.39%	139.44%	81.98%	0.96%	22.36%	110.98%	-30.51%
CNC.V Canada Nickel Company Inc	13.57%	52.17%	-19.30%	-44.39%	-44.74%	91.24%	115.56%

Correlation

The correlation between BBD-A.TO and CNC.V is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Feb 28, 2020	0.14

Fundamentals

Market Cap BBD-A.TO : CA$32.62B CNC.V : CA$360.76M
EPS BBD-A.TO : CA$9.32 CNC.V : -CA$0.13
Total Revenue (TTM) BBD-A.TO : CA$9.60B CNC.V : CA$0.00
Gross Profit (TTM) BBD-A.TO : CA$1.88B CNC.V : CA$0.00
EBITDA (TTM) BBD-A.TO : CA$1.70B CNC.V : -CA$15.27M

Return for Risk

BBD-A.TO vs. CNC.V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBD-A.TO

BBD-A.TO Risk / Return Rank: 98
BBD-A.TO Sharpe Ratio Rank: 98
BBD-A.TO Sortino Ratio Rank: 97
BBD-A.TO Omega Ratio Rank: 96
BBD-A.TO Calmar Ratio Rank: 98
BBD-A.TO Martin Ratio Rank: 98

CNC.V

CNC.V Risk / Return Rank: 70
CNC.V Sharpe Ratio Rank: 72
CNC.V Sortino Ratio Rank: 72
CNC.V Omega Ratio Rank: 70
CNC.V Calmar Ratio Rank: 70
CNC.V Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBD-A.TO vs. CNC.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bombardier Inc (BBD-A.TO) and Canada Nickel Company Inc (CNC.V). 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.

	BBD-A.TO	CNC.V	Difference
Sharpe ratio: Return per unit of total volatility	4.63	0.98	+3.66
Sortino ratio: Return per unit of downside risk	4.89	1.84	+3.04
Omega ratio: Gain probability vs. loss probability	1.63	1.22	+0.41
Calmar ratio: Return relative to maximum drawdown	12.87	1.54	+11.33
Martin ratio: Return relative to average drawdown	38.92	2.97	+35.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBD-A.TO vs. CNC.V - Sharpe Ratio Comparison

The current BBD-A.TO Sharpe Ratio is 4.63, which is higher than the CNC.V Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of BBD-A.TO and CNC.V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BBD-A.TO	CNC.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.63	0.98	+3.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.13	-0.25	+1.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.12	+0.01

Drawdowns

BBD-A.TO vs. CNC.V - Drawdown Comparison

The maximum BBD-A.TO drawdown since its inception was -97.93%, which is greater than CNC.V's maximum drawdown of -83.14%. Use the drawdown chart below to compare losses from any high point for BBD-A.TO and CNC.V.

Drawdown Indicators

	BBD-A.TO	CNC.V	Difference
Max Drawdown Largest peak-to-trough decline	-97.93%	-83.14%	-14.79%
Max Drawdown (1Y) Largest decline over 1 year	-18.57%	-44.09%	+25.52%
Max Drawdown (3Y) Largest decline over 3 years	-39.01%	-64.25%	+25.24%
Max Drawdown (5Y) Largest decline over 5 years	-61.30%	-80.68%	+19.38%
Max Drawdown (10Y) Largest decline over 10 years	-93.18%	—	—
Current Drawdown Current decline from peak	-28.19%	-63.78%	+35.59%
Average Drawdown Average peak-to-trough decline	-58.53%	-55.10%	-3.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	22.78%	-16.65%

Volatility

BBD-A.TO vs. CNC.V - Volatility Comparison

Bombardier Inc (BBD-A.TO) and Canada Nickel Company Inc (CNC.V) have volatilities of 12.92% and 13.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBD-A.TO	CNC.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	13.19%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	40.55%	48.79%	-8.24%
Volatility (1Y) Calculated over the trailing 1-year period	51.62%	69.45%	-17.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.09%	60.32%	-7.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.31%	76.70%	-20.39%

Dividends

BBD-A.TO vs. CNC.V - Dividend Comparison

Neither BBD-A.TO nor CNC.V has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both BBD-A.TO and CNC.V in my portfolio?

BBD-A.TO and CNC.V have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.