BBD-A.TO vs. EIT-UN.TO

Last updated Jun 9, 2026

BBD-A.TO (Bombardier Inc) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 10 years, BBD-A.TO returned 18.72%/yr vs 15.69%/yr for EIT-UN.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

BBD-A.TO vs. EIT-UN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bombardier Inc (BBD-A.TO) and Canoe EIT Income Fund (EIT-UN.TO). 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 30.82% return, which is significantly higher than EIT-UN.TO's 13.19% return. Over the past 10 years, BBD-A.TO has outperformed EIT-UN.TO with an annualized return of 18.72%, while EIT-UN.TO has yielded a comparatively lower 15.69% annualized return.

BBD-A.TO

• 1D: -0.15%
• 1M: 4.33%
• YTD: 30.82%
• 6M: 32.36%
• 1Y: 202.38%
• 3Y*: 72.33%
• 5Y*: 56.93%
• 10Y*: 18.72%

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

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

BBD-A.TO vs. EIT-UN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBD-A.TO Bombardier Inc	30.82%	139.44%	81.98%	0.96%	22.36%	110.98%	-57.73%	-6.73%	-31.80%	30.90%
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%

Correlation

The correlation between BBD-A.TO and EIT-UN.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 10, 2006	0.28

Return for Risk

BBD-A.TO vs. EIT-UN.TO — 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: 97
BBD-A.TO Sharpe Ratio Rank: 98
BBD-A.TO Sortino Ratio Rank: 97
BBD-A.TO Omega Ratio Rank: 95
BBD-A.TO Calmar Ratio Rank: 98
BBD-A.TO Martin Ratio Rank: 98

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

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. EIT-UN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bombardier Inc (BBD-A.TO) and Canoe EIT Income Fund (EIT-UN.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.

	BBD-A.TO	EIT-UN.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.93	2.29	+1.64
Sortino ratio: Return per unit of downside risk	4.42	3.46	+0.96
Omega ratio: Gain probability vs. loss probability	1.57	1.42	+0.14
Calmar ratio: Return relative to maximum drawdown	10.97	3.40	+7.56
Martin ratio: Return relative to average drawdown	33.02	13.03	+19.99
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. EIT-UN.TO - Sharpe Ratio Comparison

The current BBD-A.TO Sharpe Ratio is 3.93, which is higher than the EIT-UN.TO Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of BBD-A.TO and EIT-UN.TO, 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	EIT-UN.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.93	2.29	+1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	1.40	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.90	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.45	-0.32

Drawdowns

BBD-A.TO vs. EIT-UN.TO - Drawdown Comparison

The maximum BBD-A.TO drawdown since its inception was -95.71%, which is greater than EIT-UN.TO's maximum drawdown of -63.56%. Use the drawdown chart below to compare losses from any high point for BBD-A.TO and EIT-UN.TO.

Drawdown Indicators

	BBD-A.TO	EIT-UN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-95.71%	-63.56%	-32.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.57%	-5.93%	-12.64%
Max Drawdown (3Y) Largest decline over 3 years	-39.01%	-9.45%	-29.56%
Max Drawdown (5Y) Largest decline over 5 years	-61.30%	-15.57%	-45.73%
Max Drawdown (10Y) Largest decline over 10 years	-93.09%	-50.36%	-42.73%
Current Drawdown Current decline from peak	-6.40%	-0.52%	-5.88%
Average Drawdown Average peak-to-trough decline	-56.36%	-8.81%	-47.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.16%	1.55%	+4.61%

Volatility

BBD-A.TO vs. EIT-UN.TO - Volatility Comparison

Bombardier Inc (BBD-A.TO) has a higher volatility of 12.80% compared to Canoe EIT Income Fund (EIT-UN.TO) at 2.55%. This indicates that BBD-A.TO's price experiences larger fluctuations and is considered to be riskier than EIT-UN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBD-A.TO	EIT-UN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.80%	2.55%	+10.25%
Volatility (6M) Calculated over the trailing 6-month period	40.73%	7.53%	+33.20%
Volatility (1Y) Calculated over the trailing 1-year period	51.96%	8.82%	+43.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.08%	12.22%	+40.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.22%	17.53%	+38.69%

Dividends

BBD-A.TO vs. EIT-UN.TO - Dividend Comparison

BBD-A.TO has not paid dividends to shareholders, while EIT-UN.TO's dividend yield for the trailing twelve months is around 6.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBD-A.TO Bombardier Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%

Frequently Asked Questions

Can I hold both BBD-A.TO and EIT-UN.TO in my portfolio?

BBD-A.TO and EIT-UN.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.