BCE vs. DMLP
BCE (BCE Inc.) and DMLP (Dorchester Minerals, L.P.) are both stocks. BCE operates in Telecom Services (Communication Services), while DMLP operates in Oil & Gas E&P (Energy). Over the past 10 years, BCE returned -1.06%/yr vs 16.68%/yr for DMLP. At a 0.19 correlation, their price movements are largely independent.
Performance
BCE vs. DMLP - Performance Comparison
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Returns By Period
In the year-to-date period, BCE achieves a -2.47% return, which is significantly lower than DMLP's 21.02% return. Over the past 10 years, BCE has underperformed DMLP with an annualized return of -1.06%, while DMLP has yielded a comparatively higher 16.68% annualized return.
BCE
- 1D
- -2.71%
- 1M
- -6.74%
- YTD
- -2.47%
- 6M
- 2.21%
- 1Y
- 9.86%
- 3Y*
- -14.08%
- 5Y*
- -8.44%
- 10Y*
- -1.06%
DMLP
- 1D
- 3.24%
- 1M
- -6.04%
- YTD
- 21.02%
- 6M
- 21.57%
- 1Y
- 2.66%
- 3Y*
- 6.48%
- 5Y*
- 21.91%
- 10Y*
- 16.68%
BCE vs. DMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCE BCE Inc. | -2.47% | 10.25% | -35.53% | -4.16% | -10.62% | 28.62% | -1.95% | 23.38% | -13.02% | 16.52% |
DMLP Dorchester Minerals, L.P. | 21.02% | -25.92% | 16.59% | 18.99% | 71.68% | 98.93% | -37.39% | 48.52% | 6.12% | -6.93% |
Correlation
The correlation between BCE and DMLP is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2003 | 0.19 |
The correlation between BCE and DMLP shifts across timeframes, from -0.01 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BCE:
$21.12B
DMLP:
$1.25B
BCE:
CA$6.75
DMLP:
$1.44
BCE:
4.76
DMLP:
17.89
BCE:
1.21
DMLP:
7.31
BCE:
1.48
DMLP:
4.20
BCE:
CA$24.70B
DMLP:
$168.54M
BCE:
CA$8.56B
DMLP:
$65.71M
BCE:
CA$15.98B
DMLP:
$110.16M
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Return for Risk
BCE vs. DMLP — Risk / Return Rank
BCE
DMLP
BCE vs. DMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BCE Inc. (BCE) and Dorchester Minerals, L.P. (DMLP). 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 | DMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.04 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.13 | +0.67 |
| Martin ratioReturn relative to average drawdown | 1.60 | 0.31 | +1.29 |
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Drawdowns
BCE vs. DMLP - Drawdown Comparison
The maximum BCE drawdown since its inception was -60.67%, smaller than the maximum DMLP drawdown of -72.35%. Use the drawdown chart below to compare losses from any high point for BCE and DMLP.
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Drawdown Indicators
| BCE | DMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.67% | -72.35% | +11.68% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -20.01% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -46.88% | -32.31% | -14.57% |
Max Drawdown (5Y)Largest decline over 5 years | -55.42% | -32.31% | -23.11% |
Max Drawdown (10Y)Largest decline over 10 years | -55.42% | -56.80% | +1.38% |
Current DrawdownCurrent decline from peak | -48.32% | -13.84% | -34.48% |
Average DrawdownAverage peak-to-trough decline | -12.86% | -19.86% | +7.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.17% | 8.49% | -2.32% |
Volatility
BCE vs. DMLP - Volatility Comparison
The current volatility for BCE Inc. (BCE) is 5.65%, while Dorchester Minerals, L.P. (DMLP) has a volatility of 7.90%. This indicates that BCE experiences smaller price fluctuations and is considered to be less risky than DMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCE | DMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.65% | 7.90% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 17.40% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.60% | 23.41% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 29.67% | -10.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 31.77% | -12.53% |
Dividends
BCE vs. DMLP - Dividend Comparison
BCE's dividend yield for the trailing twelve months is around 5.55%, less than DMLP's 9.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCE BCE Inc. | 5.55% | 6.98% | 12.47% | 7.29% | 6.39% | 5.37% | 5.82% | 5.16% | 5.84% | 4.63% | 5.15% | 6.00% |
DMLP Dorchester Minerals, L.P. | 9.84% | 12.41% | 10.46% | 10.67% | 11.68% | 7.75% | 12.75% | 10.32% | 11.87% | 7.60% | 4.88% | 11.67% |
Financials
BCE vs. DMLP - Financials Comparison
This section allows you to compare key financial metrics between BCE Inc. and Dorchester Minerals, L.P.. 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 vs. DMLP - Profitability Comparison
BCE - 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 1.86B and revenue of 6.18B. Therefore, the gross margin over that period was 30.0%.
DMLP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dorchester Minerals, L.P. reported a gross profit of 0.00 and revenue of 58.88M. Therefore, the gross margin over that period was 0.0%.
BCE - 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 6.18B, resulting in an operating margin of 20.7%.
DMLP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dorchester Minerals, L.P. reported an operating income of 0.00 and revenue of 58.88M, resulting in an operating margin of 0.0%.
BCE - 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 654.69M and revenue of 6.18B, resulting in a net margin of 10.6%.
DMLP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dorchester Minerals, L.P. reported a net income of 29.14M and revenue of 58.88M, resulting in a net margin of 49.5%.
Frequently Asked Questions
BCE and DMLP have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DMLP has higher volatility (7.90%) compared to BCE (5.65%). In terms of maximum drawdown, BCE dropped -60.67% vs DMLP's -72.35%.
BCE currently has the higher Sharpe Ratio (0.53 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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