BCE-PB.TO vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about BCE Inc. (BCE-PB.TO) and S&P 500 Index (^GSPC).

Performance

BCE-PB.TO vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BCE Inc. (BCE-PB.TO) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BCE-PB.TO vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCE-PB.TO BCE Inc.	2.43%	30.12%	-1.08%	11.56%	-7.15%	53.16%	-4.00%	-6.06%	-9.72%	37.38%
^GSPC S&P 500 Index	-2.73%	11.05%	33.90%	21.49%	-13.70%	25.75%	14.29%	22.54%	1.71%	11.82%

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 2.43% return, which is significantly higher than ^GSPC's -3.34% return. Over the past 10 years, BCE-PB.TO has underperformed ^GSPC with an annualized return of 10.18%, while ^GSPC has yielded a comparatively higher 12.91% annualized return.

BCE-PB.TO

• 1D: 0.00%
• 1M: -1.00%
• YTD: 2.43%
• 6M: 8.62%
• 1Y: 26.64%
• 3Y*: 12.80%
• 5Y*: 12.21%
• 10Y*: 10.18%

^GSPC

• 1D: 0.00%
• 1M: -3.51%
• YTD: -3.34%
• 6M: -2.91%
• 1Y: 12.69%
• 3Y*: 17.80%
• 5Y*: 12.48%
• 10Y*: 12.91%

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

Return for Risk

BCE-PB.TO vs. ^GSPC — Risk / Return Rank

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

BCE-PB.TO

BCE-PB.TO Risk / Return Rank: 91
BCE-PB.TO Sharpe Ratio Rank: 93
BCE-PB.TO Sortino Ratio Rank: 92
BCE-PB.TO Omega Ratio Rank: 96
BCE-PB.TO Calmar Ratio Rank: 84
BCE-PB.TO Martin Ratio Rank: 91

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

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.

	BCE-PB.TO	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.46	0.70	+1.76
Sortino ratio Return per unit of downside risk	3.14	1.07	+2.06
Omega ratio Gain probability vs. loss probability	1.57	1.17	+0.41
Calmar ratio Return relative to maximum drawdown	2.94	1.04	+1.89
Martin ratio Return relative to average drawdown	12.05	3.82	+8.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCE-PB.TO vs. ^GSPC - Sharpe Ratio Comparison

The current BCE-PB.TO Sharpe Ratio is 2.46, which is higher than the ^GSPC Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of BCE-PB.TO and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BCE-PB.TO	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	0.70	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.11	0.84	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.79	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.91	-0.66

Correlation

The correlation between BCE-PB.TO and ^GSPC is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 -27.59%. Use the drawdown chart below to compare losses from any high point for BCE-PB.TO and ^GSPC.

Drawdown Indicators

	BCE-PB.TO	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-54.96%	-56.78%	+1.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.24%	-12.14%	+2.90%
Max Drawdown (5Y) Largest decline over 5 years	-14.53%	-25.43%	+10.90%
Max Drawdown (10Y) Largest decline over 10 years	-54.96%	-33.92%	-21.04%
Current Drawdown Current decline from peak	-2.12%	-5.78%	+3.66%
Average Drawdown Average peak-to-trough decline	-12.32%	-10.75%	-1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.60%	-0.35%

Volatility

BCE-PB.TO vs. ^GSPC - Volatility Comparison

The current volatility for BCE Inc. (BCE-PB.TO) is 1.70%, while S&P 500 Index (^GSPC) has a volatility of 5.22%. 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.

Volatility by Period

	BCE-PB.TO	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.70%	5.22%	-3.52%
Volatility (6M) Calculated over the trailing 6-month period	5.34%	9.60%	-4.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.89%	18.11%	-7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.07%	14.99%	-3.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	16.33%	-0.76%