BMO.TO vs. FFH.TO
BMO.TO (Bank of Montreal) and FFH.TO (Fairfax Financial Holdings Limited) are both stocks. Both are in the Financial Services sector — BMO.TO in Banks - Diversified, FFH.TO in Insurance - Property & Casualty. Over the past 10 years, BMO.TO returned 15.95%/yr vs 15.19%/yr for FFH.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
BMO.TO vs. FFH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BMO.TO achieves a 34.22% return, which is significantly higher than FFH.TO's -12.76% return. Both investments have delivered pretty close results over the past 10 years, with BMO.TO having a 15.95% annualized return and FFH.TO not far behind at 15.19%.
BMO.TO
- 1D
- 1.21%
- 1M
- 14.20%
- YTD
- 34.22%
- 6M
- 31.97%
- 1Y
- 65.34%
- 3Y*
- 31.53%
- 5Y*
- 18.07%
- 10Y*
- 15.95%
FFH.TO
- 1D
- -0.71%
- 1M
- 2.27%
- YTD
- -12.76%
- 6M
- -6.84%
- 1Y
- -2.26%
- 3Y*
- 33.68%
- 5Y*
- 34.18%
- 10Y*
- 15.19%
BMO.TO vs. FFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO.TO Bank of Montreal | 34.22% | 33.33% | 11.74% | 12.19% | -6.19% | 45.89% | 1.29% | 17.51% | -7.94% | 7.99% |
FFH.TO Fairfax Financial Holdings Limited | -12.76% | 32.23% | 66.26% | 54.96% | 31.51% | 47.26% | -27.31% | 3.64% | -8.51% | 5.43% |
Correlation
The correlation between BMO.TO and FFH.TO is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.20 |
The correlation between BMO.TO and FFH.TO shifts across timeframes, from 0.07 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BMO.TO:
CA$165.75B
FFH.TO:
CA$50.62B
BMO.TO:
CA$13.65
FFH.TO:
$205.21
BMO.TO:
17.23
FFH.TO:
7.89
BMO.TO:
0.79
FFH.TO:
0.13
BMO.TO:
2.18
FFH.TO:
1.22
BMO.TO:
2.13
FFH.TO:
1.40
BMO.TO:
CA$77.04B
FFH.TO:
$29.34B
BMO.TO:
CA$34.47B
FFH.TO:
$6.18B
BMO.TO:
CA$14.20B
FFH.TO:
$7.83B
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Return for Risk
BMO.TO vs. FFH.TO — Risk / Return Rank
BMO.TO
FFH.TO
BMO.TO vs. FFH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and Fairfax Financial Holdings Limited (FFH.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.
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.
| BMO.TO | FFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.79 | ||
| Sortino ratioReturn per unit of downside risk | +4.73 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.00 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | -0.12 | +6.61 |
| Martin ratioReturn relative to average drawdown | 23.72 | -0.27 | +23.99 |
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Drawdowns
BMO.TO vs. FFH.TO - Drawdown Comparison
The maximum BMO.TO drawdown since its inception was -62.39%, which is greater than FFH.TO's maximum drawdown of -56.23%. Use the drawdown chart below to compare losses from any high point for BMO.TO and FFH.TO.
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Drawdown Indicators
| BMO.TO | FFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.39% | -56.23% | -6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -18.88% | +8.76% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -18.88% | +2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -18.88% | -8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -45.59% | -56.23% | +10.64% |
Current DrawdownCurrent decline from peak | 0.00% | -13.04% | +13.04% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -11.53% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 8.44% | -5.66% |
Volatility
BMO.TO vs. FFH.TO - Volatility Comparison
The current volatility for Bank of Montreal (BMO.TO) is 4.56%, while Fairfax Financial Holdings Limited (FFH.TO) has a volatility of 5.99%. This indicates that BMO.TO experiences smaller price fluctuations and is considered to be less risky than FFH.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 | FFH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 5.99% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 17.64% | -3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 22.63% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 23.99% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 25.56% | -4.56% |
Dividends
BMO.TO vs. FFH.TO - Dividend Comparison
BMO.TO's dividend yield for the trailing twelve months is around 2.81%, more than FFH.TO's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO.TO Bank of Montreal | 2.81% | 3.61% | 4.39% | 4.42% | 4.44% | 3.11% | 4.38% | 4.03% | 4.24% | 3.54% | 3.52% | 4.15% |
FFH.TO Fairfax Financial Holdings Limited | 0.92% | 0.83% | 1.01% | 1.10% | 1.56% | 2.03% | 3.01% | 2.18% | 2.07% | 1.95% | 2.24% | 1.82% |
Financials
BMO.TO vs. FFH.TO - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal and Fairfax Financial Holdings Limited. 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
BMO.TO vs. FFH.TO - Profitability Comparison
BMO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a gross profit of 8.79B and revenue of 19.27B. Therefore, the gross margin over that period was 45.6%.
FFH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported a gross profit of 986.70M and revenue of 6.41B. Therefore, the gross margin over that period was 15.4%.
BMO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported an operating income of 3.50B and revenue of 19.27B, resulting in an operating margin of 18.2%.
FFH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported an operating income of 1.04B and revenue of 6.41B, resulting in an operating margin of 16.2%.
BMO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a net income of 2.63B and revenue of 19.27B, resulting in a net margin of 13.6%.
FFH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported a net income of 695.70M and revenue of 6.41B, resulting in a net margin of 10.9%.
Frequently Asked Questions
BMO.TO and FFH.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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