BMO.TO vs. FFIV

Last updated Jun 13, 2026

BMO.TO (Bank of Montreal) and FFIV (F5 Networks, Inc.) are both stocks. BMO.TO operates in Banks - Diversified (Financial Services), while FFIV operates in Software - Infrastructure (Technology). Over the past 10 years, BMO.TO returned 15.95%/yr vs 13.85%/yr for FFIV. At a 0.30 correlation, their price movements are largely independent.

Performance

BMO.TO vs. FFIV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Bank of Montreal (BMO.TO) and F5 Networks, Inc. (FFIV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BMO.TO is traded in CAD, while FFIV is traded in USD. To make them comparable, the FFIV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BMO.TO achieves a 34.22% return, which is significantly lower than FFIV's 58.51% return. Over the past 10 years, BMO.TO has outperformed FFIV with an annualized return of 15.95%, while FFIV has yielded a comparatively lower 13.85% annualized return.

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%

FFIV

• 1D: 0.88%
• 1M: 13.19%
• YTD: 58.51%
• 6M: 53.13%
• 1Y: 39.02%
• 3Y*: 40.23%
• 5Y*: 18.91%
• 10Y*: 13.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BMO.TO vs. FFIV - 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%
FFIV F5 Networks, Inc.	58.51%	-3.13%	52.40%	21.75%	-37.64%	39.02%	23.00%	-17.36%	33.86%	-15.47%

Correlation

The correlation between BMO.TO and FFIV is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006	0.30

The correlation between BMO.TO and FFIV shifts across timeframes, from 0.22 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BMO.TO : CA$165.75B FFIV : $22.70B
EPS BMO.TO : CA$13.65 FFIV : $12.19
PE Ratio BMO.TO : 17.23 FFIV : 32.50
PEG Ratio BMO.TO : 0.79 FFIV : 1.42
PS Ratio BMO.TO : 2.18 FFIV : 9.54
PB Ratio BMO.TO : 2.13 FFIV : 6.22
Total Revenue (TTM) BMO.TO : CA$77.04B FFIV : $2.41B
Gross Profit (TTM) BMO.TO : CA$34.47B FFIV : $2.63B
EBITDA (TTM) BMO.TO : CA$14.20B FFIV : $889.95M

Return for Risk

BMO.TO vs. FFIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMO.TO

BMO.TO Risk / Return Rank: 97
BMO.TO Sharpe Ratio Rank: 97
BMO.TO Sortino Ratio Rank: 98
BMO.TO Omega Ratio Rank: 97
BMO.TO Calmar Ratio Rank: 95
BMO.TO Martin Ratio Rank: 97

FFIV

FFIV Risk / Return Rank: 69
FFIV Sharpe Ratio Rank: 75
FFIV Sortino Ratio Rank: 69
FFIV Omega Ratio Rank: 70
FFIV Calmar Ratio Rank: 65
FFIV Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BMO.TO vs. FFIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and F5 Networks, Inc. (FFIV). 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	FFIV	Difference
Sharpe ratio: Return per unit of total volatility	3.69	1.16	+2.54
Sortino ratio: Return per unit of downside risk	4.74	1.67	+3.07
Omega ratio: Gain probability vs. loss probability	1.62	1.22	+0.40
Calmar ratio: Return relative to maximum drawdown	6.49	1.12	+5.37
Martin ratio: Return relative to average drawdown	23.72	2.36	+21.36

BMO.TO vs. FFIV - Sharpe Ratio Comparison

The current BMO.TO Sharpe Ratio is 3.69, which is higher than the FFIV Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of BMO.TO and FFIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BMO.TO vs. FFIV - Drawdown Comparison

The maximum BMO.TO drawdown since its inception was -62.39%, roughly equal to the maximum FFIV drawdown of -62.33%. Use the drawdown chart below to compare losses from any high point for BMO.TO and FFIV.

Drawdown Indicators

	BMO.TO	FFIV	Difference
Max Drawdown Largest peak-to-trough decline	-62.39%	-62.33%	-0.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.12%	-34.98%	+24.86%
Max Drawdown (3Y) Largest decline over 3 years	-16.57%	-34.98%	+18.41%
Max Drawdown (5Y) Largest decline over 5 years	-27.47%	-44.46%	+16.99%
Max Drawdown (10Y) Largest decline over 10 years	-45.59%	-50.40%	+4.81%
Current Drawdown Current decline from peak	0.00%	-2.40%	+2.40%
Average Drawdown Average peak-to-trough decline	-9.03%	-20.13%	+11.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	16.61%	-13.83%

Volatility

BMO.TO vs. FFIV - Volatility Comparison

The current volatility for Bank of Montreal (BMO.TO) is 4.56%, while F5 Networks, Inc. (FFIV) has a volatility of 9.16%. This indicates that BMO.TO experiences smaller price fluctuations and is considered to be less risky than FFIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMO.TO	FFIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	9.16%	-4.60%
Volatility (6M) Calculated over the trailing 6-month period	14.51%	25.04%	-10.53%
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	33.94%	-16.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.36%	30.62%	-12.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.00%	30.26%	-9.26%

Dividends

BMO.TO vs. FFIV - Dividend Comparison

BMO.TO's dividend yield for the trailing twelve months is around 2.81%, while FFIV has not paid dividends to shareholders.

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%
FFIV F5 Networks, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BMO.TO and FFIV in my portfolio?

BMO.TO and FFIV have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.