BBD-B.TO vs. HCAL.TO
BBD-B.TO (Bombardier Inc) is a stock, while HCAL.TO (Hamilton Enhanced Canadian Bank ETF) is Financials Equities fund tracking the Solactive Equal Weight Canada Banks Index (125%). Over the past 5 years, BBD-B.TO returned 62.02%/yr vs 24.03%/yr for HCAL.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
BBD-B.TO vs. HCAL.TO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with BBD-B.TO having a 39.85% return and HCAL.TO slightly higher at 40.08%.
BBD-B.TO
- 1D
- -1.05%
- 1M
- 5.00%
- YTD
- 39.85%
- 6M
- 41.42%
- 1Y
- 175.24%
- 3Y*
- 71.00%
- 5Y*
- 62.02%
- 10Y*
- 21.01%
HCAL.TO
- 1D
- 0.97%
- 1M
- 13.87%
- YTD
- 40.08%
- 6M
- 39.42%
- 1Y
- 92.01%
- 3Y*
- 44.83%
- 5Y*
- 24.03%
- 10Y*
- —
BBD-B.TO vs. HCAL.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BBD-B.TO Bombardier Inc | 39.85% | 138.87% | 83.71% | 1.80% | 24.45% | 250.00% | 43.28% |
HCAL.TO Hamilton Enhanced Canadian Bank ETF | 40.08% | 54.09% | 29.04% | 11.73% | -17.54% | 50.25% | 16.92% |
Correlation
The correlation between BBD-B.TO and HCAL.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BBD-B.TO vs. HCAL.TO — Risk / Return Rank
BBD-B.TO
HCAL.TO
BBD-B.TO vs. HCAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bombardier Inc (BBD-B.TO) and Hamilton Enhanced Canadian Bank ETF (HCAL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBD-B.TO | HCAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 2.00 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | 9.98 | 8.68 | +1.29 |
| Martin ratioReturn relative to average drawdown | 27.09 | 37.71 | -10.63 |
Loading charts...
Drawdowns
BBD-B.TO vs. HCAL.TO - Drawdown Comparison
The maximum BBD-B.TO drawdown since its inception was -96.85%, which is greater than HCAL.TO's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for BBD-B.TO and HCAL.TO.
Loading charts...
Drawdown Indicators
| BBD-B.TO | HCAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.85% | -35.05% | -61.80% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -10.65% | -7.02% |
Max Drawdown (3Y)Largest decline over 3 years | -39.54% | -18.77% | -20.77% |
Max Drawdown (5Y)Largest decline over 5 years | -66.64% | -35.05% | -31.59% |
Max Drawdown (10Y)Largest decline over 10 years | -94.84% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | 0.00% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -57.04% | -9.51% | -47.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.45% | +4.05% |
Volatility
BBD-B.TO vs. HCAL.TO - Volatility Comparison
Bombardier Inc (BBD-B.TO) has a higher volatility of 9.02% compared to Hamilton Enhanced Canadian Bank ETF (HCAL.TO) at 3.76%. This indicates that BBD-B.TO's price experiences larger fluctuations and is considered to be riskier than HCAL.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BBD-B.TO | HCAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.02% | 3.76% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 38.52% | 14.05% | +24.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.25% | 16.14% | +35.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.65% | 17.20% | +37.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.24% | 16.95% | +43.29% |
Dividends
BBD-B.TO vs. HCAL.TO - Dividend Comparison
BBD-B.TO has not paid dividends to shareholders, while HCAL.TO's dividend yield for the trailing twelve months is around 3.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BBD-B.TO Bombardier Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HCAL.TO Hamilton Enhanced Canadian Bank ETF | 3.11% | 4.20% | 6.12% | 7.37% | 7.46% | 4.27% | 2.66% |
Frequently Asked Questions
BBD-B.TO and HCAL.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BBD-B.TO and HCAL.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer