BMO vs. BAC
BMO (Bank of Montreal) and BAC (Bank of America Corporation) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, BMO returned 16.09%/yr vs 18.54%/yr for BAC. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
BMO vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, BMO achieves a 41.60% return, which is significantly higher than BAC's 13.86% return. Over the past 10 years, BMO has underperformed BAC with an annualized return of 16.09%, while BAC has yielded a comparatively higher 18.54% annualized return.
BMO
- 1D
- 0.46%
- 1M
- 3.78%
- 6M
- 33.80%
- YTD
- 41.60%
- 1Y
- 67.39%
- 3Y*
- 31.11%
- 5Y*
- 17.68%
- 10Y*
- 16.09%
- ALL TIME*
- 14.80%
BAC
- 1D
- 0.36%
- 1M
- 5.48%
- 6M
- 17.71%
- YTD
- 13.86%
- 1Y
- 38.63%
- 3Y*
- 28.30%
- 5Y*
- 12.79%
- 10Y*
- 18.54%
- ALL TIME*
- 8.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.02B | $2.04B | $2.03B | |
| $170.84M | $155.12M | $136.95M |
BMO vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 41.60% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
BAC Bank of America Corporation | 13.86% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between BMO and BAC is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.47 |
The correlation between BMO and BAC shifts across timeframes, from 0.47 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BMO:
$125.69B
BAC:
$439.63B
BMO:
CA$14.96
BAC:
$4.50
BMO:
16.81
BAC:
13.75
BMO:
0.77
BAC:
5.52
BMO:
2.12
BAC:
2.61
BMO:
1.67
BAC:
1.64
BMO:
CA$77.05B
BAC:
$177.58B
BMO:
CA$34.51B
BAC:
$115.79B
BMO:
CA$14.21B
BAC:
$45.64B
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Return for Risk
BMO vs. BAC — Risk / Return Rank
BMO
BAC
BMO vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO) and Bank of America Corporation (BAC). 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 | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.27 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 1.90 | +3.98 |
| Martin ratioReturn relative to average drawdown | 21.70 | 5.00 | +16.70 |
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Drawdowns
BMO vs. BAC - Drawdown Comparison
The maximum BMO drawdown since its inception was -68.17%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for BMO and BAC.
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Drawdown Indicators
| BMO | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.17% | -93.10% | +24.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -17.93% | +6.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | -27.51% | +9.93% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -46.64% | +12.70% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -48.95% | -2.02% |
Current DrawdownCurrent decline from peak | -1.60% | -1.07% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -28.21% | +16.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 6.82% | -3.68% |
Volatility
BMO vs. BAC - Volatility Comparison
Bank of Montreal (BMO) has a higher volatility of 6.73% compared to Bank of America Corporation (BAC) at 5.89%. This indicates that BMO's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMO | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.73% | 5.89% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.85% | 16.31% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.67% | 21.85% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 26.67% | -5.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.67% | 30.46% | -6.79% |
Dividends
BMO vs. BAC - Dividend Comparison
BMO's dividend yield for the trailing twelve months is around 2.70%, more than BAC's 1.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 1.81% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
BMO Bank of Montreal | 2.70% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
Financials
BMO vs. BAC - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal and Bank of America 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
BMO vs. BAC - Profitability Comparison
BMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bank of Montreal reported a gross profit of 8.78B and revenue of 19.26B. Therefore, the gross margin over that period was 45.6%.
BAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported a gross profit of 30.19B and revenue of 49.39B. Therefore, the gross margin over that period was 61.1%.
BMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bank of Montreal reported an operating income of 3.50B and revenue of 19.26B, resulting in an operating margin of 18.2%.
BAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported an operating income of 11.57B and revenue of 49.39B, resulting in an operating margin of 23.4%.
BMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bank of Montreal reported a net income of 2.63B and revenue of 19.26B, resulting in a net margin of 13.6%.
BAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Bank of America Corporation reported a net income of 9.07B and revenue of 49.39B, resulting in a net margin of 18.4%.
Frequently Asked Questions
BMO and BAC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMO has higher volatility (6.73%) compared to BAC (5.89%). In terms of maximum drawdown, BMO dropped -68.17% vs BAC's -93.10%.
BMO currently has the higher Sharpe Ratio (3.48 vs 1.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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