BMO vs. FTS.TO
BMO (Bank of Montreal) and FTS.TO (Fortis Inc.) are both stocks. BMO operates in Banks - Diversified (Financial Services), while FTS.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, BMO returned 15.40%/yr vs 10.02%/yr for FTS.TO. At a 0.26 correlation, their price movements are largely independent.
Performance
BMO vs. FTS.TO - Performance Comparison
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Different Trading Currencies
BMO is traded in USD, while FTS.TO is traded in CAD. To make them comparable, the FTS.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BMO achieves a 31.96% return, which is significantly higher than FTS.TO's 12.10% return. Over the past 10 years, BMO has outperformed FTS.TO with an annualized return of 15.40%, while FTS.TO has yielded a comparatively lower 10.02% annualized return.
BMO
- 1D
- 0.06%
- 1M
- 10.44%
- YTD
- 31.96%
- 6M
- 29.68%
- 1Y
- 63.34%
- 3Y*
- 29.00%
- 5Y*
- 14.92%
- 10Y*
- 15.40%
FTS.TO
- 1D
- 0.83%
- 1M
- 4.77%
- YTD
- 12.10%
- 6M
- 13.19%
- 1Y
- 23.50%
- 3Y*
- 14.68%
- 5Y*
- 8.33%
- 10Y*
- 10.02%
BMO vs. FTS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 31.96% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
FTS.TO Fortis Inc. | 12.10% | 29.86% | 5.32% | 7.31% | -13.36% | 21.87% | 2.47% | 27.98% | -5.22% | 23.66% |
Correlation
The correlation between BMO and FTS.TO is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.26 |
The correlation between BMO and FTS.TO shifts across timeframes, from -0.12 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BMO:
$87.29B
FTS.TO:
CA$40.79B
BMO:
CA$14.56
FTS.TO:
CA$3.56
BMO:
16.16
FTS.TO:
22.51
BMO:
0.74
FTS.TO:
3.28
BMO:
2.04
FTS.TO:
3.32
BMO:
1.57
FTS.TO:
1.79
BMO:
CA$77.05B
FTS.TO:
CA$12.21B
BMO:
CA$34.51B
FTS.TO:
CA$3.98B
BMO:
CA$14.21B
FTS.TO:
CA$5.87B
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Return for Risk
BMO vs. FTS.TO — Risk / Return Rank
BMO
FTS.TO
BMO vs. FTS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO) and Fortis Inc. (FTS.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 | FTS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.31 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 3.90 | +1.58 |
| Martin ratioReturn relative to average drawdown | 20.43 | 9.74 | +10.69 |
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Drawdowns
BMO vs. FTS.TO - Drawdown Comparison
The maximum BMO drawdown since its inception was -68.17%, which is greater than FTS.TO's maximum drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for BMO and FTS.TO.
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Drawdown Indicators
| BMO | FTS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.17% | -41.25% | -26.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -6.05% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.56% | -14.45% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.94% | -30.19% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -50.97% | -34.34% | -16.63% |
Current DrawdownCurrent decline from peak | 0.00% | -1.19% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -8.47% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 2.47% | +0.64% |
Volatility
BMO vs. FTS.TO - Volatility Comparison
The current volatility for Bank of Montreal (BMO) is 4.44%, while Fortis Inc. (FTS.TO) has a volatility of 4.96%. This indicates that BMO experiences smaller price fluctuations and is considered to be less risky than FTS.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 | FTS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.96% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 10.86% | +4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.01% | 13.53% | +5.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.35% | 15.82% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.66% | 17.93% | +5.73% |
Dividends
BMO vs. FTS.TO - Dividend Comparison
BMO's dividend yield for the trailing twelve months is around 2.86%, less than FTS.TO's 3.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 2.86% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
FTS.TO Fortis Inc. | 3.16% | 3.48% | 3.99% | 4.19% | 4.01% | 3.36% | 3.73% | 3.39% | 3.79% | 3.52% | 3.68% | 3.73% |
Financials
BMO vs. FTS.TO - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal and Fortis Inc.. 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. FTS.TO - Profitability Comparison
BMO - 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 8.78B and revenue of 19.26B. Therefore, the gross margin over that period was 45.6%.
FTS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a gross profit of 933.00M and revenue of 3.38B. Therefore, the gross margin over that period was 27.6%.
BMO - 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 19.26B, resulting in an operating margin of 18.2%.
FTS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported an operating income of 933.00M and revenue of 3.38B, resulting in an operating margin of 27.6%.
BMO - 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 19.26B, resulting in a net margin of 13.6%.
FTS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc. reported a net income of 523.00M and revenue of 3.38B, resulting in a net margin of 15.5%.
Frequently Asked Questions
BMO and FTS.TO have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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