BCH vs. MSA.TO
BCH (Banco de Chile) and MSA.TO (Mineros S.A.) are both stocks. BCH operates in Banks - Regional (Financial Services), while MSA.TO operates in Gold (Basic Materials). Over the past 3 years, BCH returned 30.56%/yr vs 123.90%/yr for MSA.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
BCH vs. MSA.TO - Performance Comparison
Loading charts...
Different Trading Currencies
BCH is traded in USD, while MSA.TO is traded in CAD. To make them comparable, the MSA.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BCH achieves a 7.61% return, which is significantly higher than MSA.TO's -2.28% return.
BCH
- 1D
- 6.05%
- 1M
- 6.79%
- YTD
- 7.61%
- 6M
- 8.46%
- 1Y
- 35.45%
- 3Y*
- 30.56%
- 5Y*
- 22.62%
- 10Y*
- 13.50%
MSA.TO
- 1D
- 4.31%
- 1M
- -5.81%
- YTD
- -2.28%
- 6M
- 0.07%
- 1Y
- 127.05%
- 3Y*
- 123.90%
- 5Y*
- —
- 10Y*
- —
BCH vs. MSA.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BCH Banco de Chile | 7.61% | 81.24% | 6.15% | 23.37% | 41.22% | -13.96% |
MSA.TO Mineros S.A. | -2.28% | 319.89% | 138.55% | 9.63% | -36.05% | -2.83% |
Correlation
The correlation between BCH and MSA.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.16 |
The correlation between BCH and MSA.TO shifts across timeframes, from 0.16 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BCH:
$19.47B
MSA.TO:
CA$1.65B
BCH:
$2.26K
MSA.TO:
CA$0.66
BCH:
0.02
MSA.TO:
8.43
BCH:
0.00
MSA.TO:
0.05
BCH:
0.01
MSA.TO:
1.76
BCH:
0.00
MSA.TO:
2.89
BCH:
$3.07T
MSA.TO:
CA$937.58M
BCH:
$2.62T
MSA.TO:
CA$403.36M
BCH:
$1.55T
MSA.TO:
CA$400.83M
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
BCH vs. MSA.TO — Risk / Return Rank
BCH
MSA.TO
BCH vs. MSA.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco de Chile (BCH) and Mineros S.A. (MSA.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.
| BCH | MSA.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 3.05 | -1.27 |
| Martin ratioReturn relative to average drawdown | 3.92 | 7.67 | -3.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BCH | MSA.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.31 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.97 | -0.48 |
Drawdowns
BCH vs. MSA.TO - Drawdown Comparison
The maximum BCH drawdown since its inception was -57.68%, which is greater than MSA.TO's maximum drawdown of -53.31%. Use the drawdown chart below to compare losses from any high point for BCH and MSA.TO.
Loading charts...
Drawdown Indicators
| BCH | MSA.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.68% | -53.31% | -4.37% |
Max Drawdown (1Y)Largest decline over 1 year | -19.99% | -41.93% | +21.94% |
Max Drawdown (3Y)Largest decline over 3 years | -19.99% | -41.93% | +21.94% |
Max Drawdown (5Y)Largest decline over 5 years | -26.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.68% | — | — |
Current DrawdownCurrent decline from peak | -11.80% | -28.53% | +16.73% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -20.52% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.06% | 16.62% | -7.56% |
Volatility
BCH vs. MSA.TO - Volatility Comparison
The current volatility for Banco de Chile (BCH) is 10.15%, while Mineros S.A. (MSA.TO) has a volatility of 19.30%. This indicates that BCH experiences smaller price fluctuations and is considered to be less risky than MSA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BCH | MSA.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 19.30% | -9.15% |
Volatility (6M)Calculated over the trailing 6-month period | 25.34% | 41.42% | -16.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.32% | 55.26% | -24.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.41% | 53.44% | -25.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.20% | 53.44% | -24.24% |
Dividends
BCH vs. MSA.TO - Dividend Comparison
BCH's dividend yield for the trailing twelve months is around 5.68%, more than MSA.TO's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCH Banco de Chile | 5.68% | 5.54% | 7.46% | 9.01% | 6.39% | 3.76% | 3.95% | 5.04% | 3.55% | 2.20% | 3.32% | 4.35% |
MSA.TO Mineros S.A. | 2.49% | 2.49% | 8.48% | 14.20% | 13.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
BCH vs. MSA.TO - Financials Comparison
This section allows you to compare key financial metrics between Banco de Chile and Mineros S.A.. 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
BCH vs. MSA.TO - Profitability Comparison
BCH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a gross profit of 661.74B and revenue of 1.05T. Therefore, the gross margin over that period was 62.8%.
MSA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a gross profit of 142.57M and revenue of 291.81M. Therefore, the gross margin over that period was 48.9%.
BCH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported an operating income of 359.62B and revenue of 1.05T, resulting in an operating margin of 34.2%.
MSA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported an operating income of 135.21M and revenue of 291.81M, resulting in an operating margin of 46.3%.
BCH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco de Chile reported a net income of 278.58B and revenue of 1.05T, resulting in a net margin of 26.5%.
MSA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mineros S.A. reported a net income of 87.69M and revenue of 291.81M, resulting in a net margin of 30.1%.
Frequently Asked Questions
BCH and MSA.TO have a correlation of 0.33, 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 BCH and MSA.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