BCE-PB.TO vs. ^GSPC
BCE-PB.TO (BCE Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, BCE-PB.TO returned 10.59%/yr vs 14.03%/yr for ^GSPC. At a 0.11 correlation, their price movements are largely independent.
Performance
BCE-PB.TO vs. ^GSPC - Performance Comparison
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Different Trading Currencies
BCE-PB.TO is traded in CAD, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCE-PB.TO achieves a 7.45% return, which is significantly lower than ^GSPC's 12.74% return. Over the past 10 years, BCE-PB.TO has underperformed ^GSPC with an annualized return of 10.59%, while ^GSPC has yielded a comparatively higher 14.03% annualized return.
BCE-PB.TO
- 1D
- 0.29%
- 1M
- -2.26%
- 6M
- 4.79%
- YTD
- 7.45%
- 1Y
- 20.64%
- 3Y*
- 13.49%
- 5Y*
- 10.66%
- 10Y*
- 10.59%
- ALL TIME*
- 4.91%
^GSPC
- 1D
- 1.29%
- 1M
- -0.06%
- 6M
- 12.08%
- YTD
- 12.74%
- 1Y
- 22.13%
- 3Y*
- 20.93%
- 5Y*
- 14.00%
- 10Y*
- 14.03%
- ALL TIME*
- 9.23%
BCE-PB.TO vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCE-PB.TO BCE Inc. | 7.45% | 30.12% | -1.08% | 11.56% | -7.15% | 53.16% | -4.00% | -6.06% | -9.72% | 37.38% |
^GSPC S&P 500 Index | 12.71% | 11.07% | 33.75% | 21.28% | -14.34% | 26.83% | 13.50% | 23.57% | 1.65% | 11.33% |
Correlation
The correlation between BCE-PB.TO and ^GSPC is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2008 | 0.11 |
The correlation between BCE-PB.TO and ^GSPC shifts across timeframes, from 0.06 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BCE-PB.TO vs. ^GSPC — Risk / Return Rank
BCE-PB.TO
^GSPC
BCE-PB.TO vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BCE Inc. (BCE-PB.TO) and S&P 500 Index (^GSPC). 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.
| BCE-PB.TO | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.30 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.39 | 2.42 | +2.97 |
| Martin ratioReturn relative to average drawdown | 16.25 | 8.92 | +7.33 |
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Drawdowns
BCE-PB.TO vs. ^GSPC - Drawdown Comparison
The maximum BCE-PB.TO drawdown since its inception was -54.96%, which is greater than ^GSPC's maximum drawdown of -48.87%. Use the drawdown chart below to compare losses from any high point for BCE-PB.TO and ^GSPC.
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Drawdown Indicators
| BCE-PB.TO | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.96% | -48.87% | -6.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -9.17% | +5.50% |
Max Drawdown (3Y)Largest decline over 3 years | -11.08% | -19.59% | +8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -14.53% | -23.14% | +8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -54.96% | -27.97% | -26.99% |
Current DrawdownCurrent decline from peak | -3.07% | -1.49% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -9.62% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.49% | -1.27% |
Volatility
BCE-PB.TO vs. ^GSPC - Volatility Comparison
The current volatility for BCE Inc. (BCE-PB.TO) is 2.57%, while S&P 500 Index (^GSPC) has a volatility of 3.21%. This indicates that BCE-PB.TO experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCE-PB.TO | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.21% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.00% | 10.49% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.50% | 13.00% | -5.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.08% | 17.92% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 19.13% | -3.61% |
Frequently Asked Questions
BCE-PB.TO and ^GSPC have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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