BNS.TO vs. CM.TO
Compare and contrast key facts about The Bank of Nova Scotia (BNS.TO) and Canadian Imperial Bank of Commerce (CM.TO).
Performance
BNS.TO vs. CM.TO - Performance Comparison
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BNS.TO vs. CM.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | -2.74% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
CM.TO Canadian Imperial Bank of Commerce | 8.23% | 42.31% | 49.56% | 23.83% | -20.79% | 41.53% | 6.99% | 12.03% | -12.96% | 17.02% |
Fundamentals
BNS.TO:
CA$128.67B
CM.TO:
CA$124.41B
BNS.TO:
CA$7.07
CM.TO:
CA$9.99
BNS.TO:
13.77
CM.TO:
13.37
BNS.TO:
2.27
CM.TO:
2.36
BNS.TO:
1.66
CM.TO:
2.15
BNS.TO:
CA$54.25B
CM.TO:
CA$53.08B
BNS.TO:
CA$28.61B
CM.TO:
CA$27.75B
BNS.TO:
CA$12.85B
CM.TO:
CA$12.73B
Returns By Period
In the year-to-date period, BNS.TO achieves a -2.74% return, which is significantly lower than CM.TO's 8.23% return. Over the past 10 years, BNS.TO has underperformed CM.TO with an annualized return of 9.93%, while CM.TO has yielded a comparatively higher 16.33% annualized return.
BNS.TO
- 1D
- 0.96%
- 1M
- -5.78%
- YTD
- -2.74%
- 6M
- 10.64%
- 1Y
- 50.74%
- 3Y*
- 19.62%
- 5Y*
- 10.30%
- 10Y*
- 9.93%
CM.TO
- 1D
- 1.31%
- 1M
- -2.88%
- YTD
- 8.23%
- 6M
- 21.12%
- 1Y
- 69.71%
- 3Y*
- 38.99%
- 5Y*
- 22.65%
- 10Y*
- 16.33%
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Return for Risk
BNS.TO vs. CM.TO — Risk / Return Rank
BNS.TO
CM.TO
BNS.TO vs. CM.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Canadian Imperial Bank of Commerce (CM.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.
| BNS.TO | CM.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.26 | 4.21 | -0.95 |
Sortino ratioReturn per unit of downside risk | 4.30 | 5.37 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.74 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 4.40 | 7.79 | -3.39 |
Martin ratioReturn relative to average drawdown | 17.10 | 31.42 | -14.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BNS.TO | CM.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.26 | 4.21 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.28 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.83 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.46 | +0.18 |
Correlation
The correlation between BNS.TO and CM.TO is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BNS.TO vs. CM.TO - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.39%, more than CM.TO's 3.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 3.39% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
CM.TO Canadian Imperial Bank of Commerce | 3.05% | 3.20% | 4.04% | 5.47% | 7.20% | 4.06% | 5.37% | 5.26% | 5.29% | 4.19% | 4.42% | 4.85% |
Drawdowns
BNS.TO vs. CM.TO - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum CM.TO drawdown of -62.50%. Use the drawdown chart below to compare losses from any high point for BNS.TO and CM.TO.
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Drawdown Indicators
| BNS.TO | CM.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -62.50% | +10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -9.11% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -35.35% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -41.37% | +2.42% |
Current DrawdownCurrent decline from peak | -7.90% | -5.05% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -17.66% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 2.26% | +0.70% |
Volatility
BNS.TO vs. CM.TO - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 6.17%, while Canadian Imperial Bank of Commerce (CM.TO) has a volatility of 7.07%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than CM.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNS.TO | CM.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 7.07% | -0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 13.37% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 16.63% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 17.78% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 19.65% | -0.89% |
Financials
BNS.TO vs. CM.TO - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Canadian Imperial Bank of Commerce. 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
BNS.TO vs. CM.TO - Profitability Comparison
BNS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported a gross profit of 4.17B and revenue of 9.65B. Therefore, the gross margin over that period was 43.2%.
CM.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Canadian Imperial Bank of Commerce reported a gross profit of 7.75B and revenue of 15.82B. Therefore, the gross margin over that period was 49.0%.
BNS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported an operating income of 3.17B and revenue of 9.65B, resulting in an operating margin of 32.9%.
CM.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Canadian Imperial Bank of Commerce reported an operating income of 3.50B and revenue of 15.82B, resulting in an operating margin of 22.1%.
BNS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The Bank of Nova Scotia reported a net income of 2.30B and revenue of 9.65B, resulting in a net margin of 23.8%.
CM.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Canadian Imperial Bank of Commerce reported a net income of 3.09B and revenue of 15.82B, resulting in a net margin of 19.6%.