BCE.TO vs. ACO-X.TO
BCE.TO (BCE Inc.) and ACO-X.TO (ATCO Ltd) are both stocks. BCE.TO operates in Telecom Services (Communication Services), while ACO-X.TO operates in Utilities - Diversified (Utilities). Over the past 10 years, BCE.TO returned 0.29%/yr vs 8.90%/yr for ACO-X.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
BCE.TO vs. ACO-X.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BCE.TO achieves a 4.45% return, which is significantly lower than ACO-X.TO's 27.87% return. Over the past 10 years, BCE.TO has underperformed ACO-X.TO with an annualized return of 0.29%, while ACO-X.TO has yielded a comparatively higher 8.90% annualized return.
BCE.TO
- 1D
- -0.79%
- 1M
- 2.06%
- YTD
- 4.45%
- 6M
- 7.05%
- 1Y
- 19.46%
- 3Y*
- -11.69%
- 5Y*
- -5.02%
- 10Y*
- 0.29%
ACO-X.TO
- 1D
- -1.55%
- 1M
- 4.96%
- YTD
- 27.87%
- 6M
- 34.61%
- 1Y
- 45.63%
- 3Y*
- 25.23%
- 5Y*
- 14.22%
- 10Y*
- 8.90%
BCE.TO vs. ACO-X.TO - Yearly Performance Comparison
Correlation
The correlation between BCE.TO and ACO-X.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.24 |
The correlation between BCE.TO and ACO-X.TO shifts across timeframes, from 0.13 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BCE.TO:
CA$31.49B
ACO-X.TO:
CA$8.04B
BCE.TO:
CA$6.92
ACO-X.TO:
CA$1.40
BCE.TO:
4.88
ACO-X.TO:
50.69
BCE.TO:
0.01
ACO-X.TO:
2.42
BCE.TO:
1.27
ACO-X.TO:
1.55
BCE.TO:
1.57
ACO-X.TO:
1.73
BCE.TO:
CA$24.71B
ACO-X.TO:
CA$5.16B
BCE.TO:
CA$14.56B
ACO-X.TO:
CA$1.64B
BCE.TO:
CA$14.72B
ACO-X.TO:
CA$2.10B
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Return for Risk
BCE.TO vs. ACO-X.TO — Risk / Return Rank
BCE.TO
ACO-X.TO
BCE.TO vs. ACO-X.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BCE Inc. (BCE.TO) and ATCO Ltd (ACO-X.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.
| BCE.TO | ACO-X.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.51 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 5.86 | -4.05 |
| Martin ratioReturn relative to average drawdown | 3.45 | 14.56 | -11.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BCE.TO | ACO-X.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.12 | 2.99 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | 0.91 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.02 | 0.43 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.48 | -0.19 |
Drawdowns
BCE.TO vs. ACO-X.TO - Drawdown Comparison
The maximum BCE.TO drawdown since its inception was -50.02%, roughly equal to the maximum ACO-X.TO drawdown of -48.31%. Use the drawdown chart below to compare losses from any high point for BCE.TO and ACO-X.TO.
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Drawdown Indicators
| BCE.TO | ACO-X.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.02% | -48.31% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.82% | -7.83% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -43.81% | -17.45% | -26.36% |
Max Drawdown (5Y)Largest decline over 5 years | -50.02% | -26.85% | -23.17% |
Max Drawdown (10Y)Largest decline over 10 years | -50.02% | -48.31% | -1.71% |
Current DrawdownCurrent decline from peak | -39.17% | -1.55% | -37.62% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -12.82% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 3.14% | +2.52% |
Volatility
BCE.TO vs. ACO-X.TO - Volatility Comparison
The current volatility for BCE Inc. (BCE.TO) is 4.92%, while ATCO Ltd (ACO-X.TO) has a volatility of 6.00%. This indicates that BCE.TO experiences smaller price fluctuations and is considered to be less risky than ACO-X.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCE.TO | ACO-X.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 6.00% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.16% | 11.68% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.52% | 15.38% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.15% | 15.76% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 20.58% | -3.07% |
Dividends
BCE.TO vs. ACO-X.TO - Dividend Comparison
BCE.TO's dividend yield for the trailing twelve months is around 5.18%, more than ACO-X.TO's 2.89% yield.
Financials
BCE.TO vs. ACO-X.TO - Financials Comparison
This section allows you to compare key financial metrics between BCE Inc. and ATCO Ltd. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BCE.TO vs. ACO-X.TO - Profitability Comparison
BCE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported a gross profit of 1.85B and revenue of 6.17B. Therefore, the gross margin over that period was 30.0%.
ACO-X.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported a gross profit of 592.00M and revenue of 1.43B. Therefore, the gross margin over that period was 41.5%.
BCE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported an operating income of 1.28B and revenue of 6.17B, resulting in an operating margin of 20.7%.
ACO-X.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported an operating income of 401.00M and revenue of 1.43B, resulting in an operating margin of 28.1%.
BCE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported a net income of 653.00M and revenue of 6.17B, resulting in a net margin of 10.6%.
ACO-X.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ATCO Ltd reported a net income of 152.00M and revenue of 1.43B, resulting in a net margin of 10.7%.
Frequently Asked Questions
BCE.TO and ACO-X.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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