BMO.TO vs. DFN.TO
BMO.TO (Bank of Montreal) and DFN.TO (Dividend 15 Split Corp.) are both stocks. Both are in the Financial Services sector — BMO.TO in Banks - Diversified, DFN.TO in Asset Management. Over the past 10 years, BMO.TO returned 15.44%/yr vs 12.58%/yr for DFN.TO. At a 0.41 correlation, their price movements are largely independent.
Performance
BMO.TO vs. DFN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BMO.TO achieves a 31.03% return, which is significantly higher than DFN.TO's 17.29% return. Over the past 10 years, BMO.TO has outperformed DFN.TO with an annualized return of 15.44%, while DFN.TO has yielded a comparatively lower 12.58% annualized return.
BMO.TO
- 1D
- 0.18%
- 1M
- 9.74%
- YTD
- 31.03%
- 6M
- 33.12%
- 1Y
- 60.65%
- 3Y*
- 31.19%
- 5Y*
- 17.46%
- 10Y*
- 15.44%
DFN.TO
- 1D
- 1.36%
- 1M
- 4.91%
- YTD
- 17.29%
- 6M
- 22.46%
- 1Y
- 61.98%
- 3Y*
- 23.42%
- 5Y*
- 17.09%
- 10Y*
- 12.58%
BMO.TO vs. DFN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO.TO Bank of Montreal | 31.03% | 33.33% | 11.74% | 12.19% | -6.19% | 45.89% | 1.29% | 17.51% | -7.94% | 7.99% |
DFN.TO Dividend 15 Split Corp. | 17.29% | 46.96% | 38.64% | -19.97% | 9.39% | 37.70% | -11.45% | 27.39% | -19.31% | 12.49% |
Correlation
The correlation between BMO.TO and DFN.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.41 |
The correlation between BMO.TO and DFN.TO has been stable across timeframes, ranging from 0.41 to 0.51 - a consistent structural relationship.
Fundamentals
BMO.TO:
CA$161.81B
DFN.TO:
CA$1.12B
BMO.TO:
CA$13.65
DFN.TO:
CA$2.58
BMO.TO:
16.82
DFN.TO:
3.18
BMO.TO:
0.77
DFN.TO:
0.11
BMO.TO:
2.12
DFN.TO:
8.11
BMO.TO:
2.08
DFN.TO:
1.03
BMO.TO:
CA$77.04B
DFN.TO:
CA$138.51M
BMO.TO:
CA$34.47B
DFN.TO:
CA$125.98M
BMO.TO:
CA$14.20B
DFN.TO:
CA$382.25M
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Return for Risk
BMO.TO vs. DFN.TO — Risk / Return Rank
BMO.TO
DFN.TO
BMO.TO vs. DFN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and Dividend 15 Split Corp. (DFN.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.
| BMO.TO | DFN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.87 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 5.44 | +0.58 |
| Martin ratioReturn relative to average drawdown | 21.85 | 26.72 | -4.87 |
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
| BMO.TO | DFN.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.44 | 3.90 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.66 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.42 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.39 | +0.14 |
Drawdowns
BMO.TO vs. DFN.TO - Drawdown Comparison
The maximum BMO.TO drawdown since its inception was -62.39%, smaller than the maximum DFN.TO drawdown of -71.55%. Use the drawdown chart below to compare losses from any high point for BMO.TO and DFN.TO.
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Drawdown Indicators
| BMO.TO | DFN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.39% | -71.55% | +9.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -11.45% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -53.72% | +37.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -55.26% | +27.79% |
Max Drawdown (10Y)Largest decline over 10 years | -45.59% | -58.39% | +12.80% |
Current DrawdownCurrent decline from peak | 0.00% | -0.48% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -10.73% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.33% | +0.46% |
Volatility
BMO.TO vs. DFN.TO - Volatility Comparison
Bank of Montreal (BMO.TO) has a higher volatility of 4.85% compared to Dividend 15 Split Corp. (DFN.TO) at 3.13%. This indicates that BMO.TO's price experiences larger fluctuations and is considered to be riskier than DFN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMO.TO | DFN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.13% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 14.58% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.76% | 16.00% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 25.88% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 30.28% | -9.28% |
Dividends
BMO.TO vs. DFN.TO - Dividend Comparison
BMO.TO's dividend yield for the trailing twelve months is around 2.87%, less than DFN.TO's 14.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO.TO Bank of Montreal | 2.87% | 3.61% | 4.39% | 4.42% | 4.44% | 3.11% | 4.38% | 4.03% | 4.24% | 3.54% | 3.52% | 4.15% |
DFN.TO Dividend 15 Split Corp. | 14.60% | 16.06% | 17.92% | 14.87% | 15.94% | 15.00% | 11.83% | 13.99% | 15.54% | 11.08% | 11.17% | 11.76% |
Financials
BMO.TO vs. DFN.TO - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal and Dividend 15 Split Corp.. 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
Frequently Asked Questions
BMO.TO and DFN.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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