BMO.TO vs. NEM
BMO.TO (Bank of Montreal) and NEM (Newmont Corporation) are both stocks. BMO.TO operates in Banks - Diversified (Financial Services), while NEM operates in Gold (Basic Materials). Over the past 10 years, BMO.TO returned 15.95%/yr vs 14.79%/yr for NEM. At a 0.07 correlation, their price movements are largely independent.
Performance
BMO.TO vs. NEM - Performance Comparison
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Different Trading Currencies
BMO.TO is traded in CAD, while NEM is traded in USD. To make them comparable, the NEM 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 higher than NEM's 2.97% return. Over the past 10 years, BMO.TO has outperformed NEM with an annualized return of 15.95%, while NEM has yielded a comparatively lower 14.79% 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%
NEM
- 1D
- 3.00%
- 1M
- -13.76%
- YTD
- 2.97%
- 6M
- 4.15%
- 1Y
- 85.40%
- 3Y*
- 38.22%
- 5Y*
- 13.77%
- 10Y*
- 14.79%
BMO.TO vs. NEM - 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% |
NEM Newmont Corporation | 2.97% | 160.36% | -0.03% | -10.93% | -15.75% | 7.35% | 36.96% | 25.14% | 1.74% | 3.40% |
Correlation
The correlation between BMO.TO and NEM 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.07 |
Over the past year, BMO.TO and NEM have become more correlated (0.29) than their long-term average of 0.07, meaning their price movements have been converging.
Fundamentals
BMO.TO:
CA$13.65
NEM:
$6.34
BMO.TO:
17.23
NEM:
15.82
BMO.TO:
0.79
NEM:
0.41
BMO.TO:
2.18
NEM:
4.83
BMO.TO:
CA$77.04B
NEM:
$17.23B
BMO.TO:
CA$34.47B
NEM:
$8.97B
BMO.TO:
CA$14.20B
NEM:
$13.78B
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Return for Risk
BMO.TO vs. NEM — Risk / Return Rank
BMO.TO
NEM
BMO.TO vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.59 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.30 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 6.49 | 3.12 | +3.37 |
| Martin ratioReturn relative to average drawdown | 23.72 | 8.32 | +15.40 |
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Drawdowns
BMO.TO vs. NEM - Drawdown Comparison
The maximum BMO.TO drawdown since its inception was -62.39%, smaller than the maximum NEM drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for BMO.TO and NEM.
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Drawdown Indicators
| BMO.TO | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.39% | -70.02% | +7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -10.12% | -27.50% | +17.38% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -33.96% | +17.39% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -59.76% | +32.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.59% | -59.76% | +14.17% |
Current DrawdownCurrent decline from peak | 0.00% | -21.49% | +21.49% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -29.16% | +20.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 10.30% | -7.52% |
Volatility
BMO.TO vs. NEM - Volatility Comparison
The current volatility for Bank of Montreal (BMO.TO) is 4.56%, while Newmont Corporation (NEM) has a volatility of 15.88%. This indicates that BMO.TO experiences smaller price fluctuations and is considered to be less risky than NEM 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 | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 15.88% | -11.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 37.55% | -23.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.79% | 47.44% | -29.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.36% | 38.17% | -19.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 36.11% | -15.11% |
Dividends
BMO.TO vs. NEM - Dividend Comparison
BMO.TO's dividend yield for the trailing twelve months is around 2.81%, more than NEM's 1.02% 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% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
BMO.TO vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal and Newmont Corporation. 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 NEM 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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