BHP vs. BNS.TO
BHP (BHP Group) and BNS.TO (The Bank of Nova Scotia) are both stocks. BHP operates in Other Industrial Metals & Mining (Basic Materials), while BNS.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, BHP returned 21.94%/yr vs 10.25%/yr for BNS.TO. At a 0.39 correlation, their price movements are largely independent.
Performance
BHP vs. BNS.TO - Performance Comparison
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Different Trading Currencies
BHP is traded in USD, while BNS.TO is traded in CAD. To make them comparable, the BNS.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BHP achieves a 41.38% return, which is significantly higher than BNS.TO's 12.08% return. Over the past 10 years, BHP has outperformed BNS.TO with an annualized return of 21.94%, while BNS.TO has yielded a comparatively lower 10.25% annualized return.
BHP
- 1D
- 1.18%
- 1M
- -1.20%
- YTD
- 41.38%
- 6M
- 46.29%
- 1Y
- 75.94%
- 3Y*
- 17.37%
- 5Y*
- 14.81%
- 10Y*
- 21.94%
BNS.TO
- 1D
- 0.30%
- 1M
- 4.36%
- YTD
- 12.08%
- 6M
- 15.33%
- 1Y
- 57.54%
- 3Y*
- 24.96%
- 5Y*
- 9.92%
- 10Y*
- 10.25%
BHP vs. BNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 41.38% | 28.91% | -24.64% | 16.50% | 44.34% | 0.91% | 25.37% | 24.50% | 10.55% | 33.87% |
BNS.TO The Bank of Nova Scotia | 12.08% | 45.39% | 17.55% | 6.21% | -27.44% | 38.05% | 2.12% | 16.60% | -19.06% | 20.99% |
Correlation
The correlation between BHP and BNS.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.39 |
Fundamentals
BHP:
$212.97B
BNS.TO:
CA$139.23B
BHP:
$8.51
BNS.TO:
CA$7.57
BHP:
9.84
BNS.TO:
14.92
BHP:
1.98
BNS.TO:
2.33
BHP:
4.23
BNS.TO:
1.80
BHP:
$107.64B
BNS.TO:
CA$61.04B
BHP:
$89.04B
BNS.TO:
CA$33.58B
BHP:
$52.23B
BNS.TO:
CA$13.09B
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Return for Risk
BHP vs. BNS.TO — Risk / Return Rank
BHP
BNS.TO
BHP vs. BNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BHP Group (BHP) and The Bank of Nova Scotia (BNS.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.
| BHP | BNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.70 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 4.40 | -0.54 |
| Martin ratioReturn relative to average drawdown | 14.16 | 17.24 | -3.08 |
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
| BHP | BNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 3.75 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.56 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.51 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.35 | -0.02 |
Drawdowns
BHP vs. BNS.TO - Drawdown Comparison
The maximum BHP drawdown since its inception was -76.22%, which is greater than BNS.TO's maximum drawdown of -63.90%. Use the drawdown chart below to compare losses from any high point for BHP and BNS.TO.
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Drawdown Indicators
| BHP | BNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.22% | -63.90% | -12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -13.14% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -37.21% | -20.08% | -17.13% |
Max Drawdown (5Y)Largest decline over 5 years | -37.21% | -40.28% | +3.07% |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | -46.84% | +2.55% |
Current DrawdownCurrent decline from peak | -10.14% | -0.46% | -9.68% |
Average DrawdownAverage peak-to-trough decline | -21.29% | -13.77% | -7.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 3.35% | +2.03% |
Volatility
BHP vs. BNS.TO - Volatility Comparison
BHP Group (BHP) has a higher volatility of 12.75% compared to The Bank of Nova Scotia (BNS.TO) at 4.82%. This indicates that BHP's price experiences larger fluctuations and is considered to be riskier than BNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHP | BNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.75% | 4.82% | +7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 25.95% | 12.04% | +13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 15.43% | +16.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.31% | 17.71% | +14.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.31% | 20.10% | +12.21% |
Dividends
BHP vs. BNS.TO - Dividend Comparison
BHP's dividend yield for the trailing twelve months is around 3.18%, less than BNS.TO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHP BHP Group | 3.18% | 3.64% | 5.98% | 4.98% | 22.44% | 9.98% | 3.67% | 8.59% | 4.89% | 3.61% | 1.68% | 9.38% |
BNS.TO The Bank of Nova Scotia | 3.89% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
Financials
BHP vs. BNS.TO - Financials Comparison
This section allows you to compare key financial metrics between BHP Group and The Bank of Nova Scotia. 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
BHP vs. BNS.TO - Profitability Comparison
BHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BHP Group reported a gross profit of 11.98B and revenue of 27.95B. Therefore, the gross margin over that period was 42.9%.
BNS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a gross profit of 8.40B and revenue of 17.19B. Therefore, the gross margin over that period was 48.9%.
BHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BHP Group reported an operating income of 11.98B and revenue of 27.95B, resulting in an operating margin of 42.9%.
BNS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported an operating income of 3.43B and revenue of 17.19B, resulting in an operating margin of 20.0%.
BHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BHP Group reported a net income of 5.65B and revenue of 27.95B, resulting in a net margin of 20.2%.
BNS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a net income of 2.60B and revenue of 17.19B, resulting in a net margin of 15.1%.
Frequently Asked Questions
BHP and BNS.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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