BNS.TO vs. EQB.TO
BNS.TO (The Bank of Nova Scotia) and EQB.TO (Equitable Group Inc.) are both stocks. Both are in the Financial Services sector — BNS.TO in Banks - Diversified, EQB.TO in Mortgage Finance. Over the past 10 years, BNS.TO returned 11.17%/yr vs 16.45%/yr for EQB.TO. At a 0.28 correlation, their price movements are largely independent.
Performance
BNS.TO vs. EQB.TO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BNS.TO having a 14.23% return and EQB.TO slightly lower at 14.01%. Over the past 10 years, BNS.TO has underperformed EQB.TO with an annualized return of 11.17%, while EQB.TO has yielded a comparatively higher 16.45% annualized return.
BNS.TO
- 1D
- 1.54%
- 1M
- 5.79%
- YTD
- 14.23%
- 6M
- 16.50%
- 1Y
- 62.12%
- 3Y*
- 26.94%
- 5Y*
- 13.02%
- 10Y*
- 11.17%
EQB.TO
- 1D
- 2.47%
- 1M
- -1.41%
- YTD
- 14.01%
- 6M
- 23.19%
- 1Y
- 31.78%
- 3Y*
- 23.15%
- 5Y*
- 13.33%
- 10Y*
- 16.45%
BNS.TO vs. EQB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 14.23% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
EQB.TO Equitable Group Inc. | 14.01% | 7.42% | 15.74% | 57.07% | -15.96% | 37.89% | -5.86% | 87.80% | -15.85% | 20.10% |
Correlation
The correlation between BNS.TO and EQB.TO is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2004 | 0.28 |
The correlation between BNS.TO and EQB.TO shifts across timeframes, from 0.28 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BNS.TO:
CA$139.35B
EQB.TO:
CA$4.25B
BNS.TO:
CA$7.57
EQB.TO:
CA$5.30
BNS.TO:
14.94
EQB.TO:
22.23
BNS.TO:
2.34
EQB.TO:
1.47
BNS.TO:
1.80
EQB.TO:
1.31
BNS.TO:
CA$61.04B
EQB.TO:
CA$3.00B
BNS.TO:
CA$33.58B
EQB.TO:
CA$1.16B
BNS.TO:
CA$13.09B
EQB.TO:
CA$351.74M
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Return for Risk
BNS.TO vs. EQB.TO — Risk / Return Rank
BNS.TO
EQB.TO
BNS.TO vs. EQB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Equitable Group Inc. (EQB.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 | EQB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.15 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.26 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 5.47 | 1.42 | +4.04 |
| Martin ratioReturn relative to average drawdown | 21.21 | 3.14 | +18.08 |
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 | EQB.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.18 | 1.14 | +3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.46 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.45 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.41 | +0.25 |
Drawdowns
BNS.TO vs. EQB.TO - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum EQB.TO drawdown of -72.62%. Use the drawdown chart below to compare losses from any high point for BNS.TO and EQB.TO.
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Drawdown Indicators
| BNS.TO | EQB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -72.62% | +20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -21.59% | +10.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.12% | -23.94% | +5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -44.76% | +9.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -61.08% | +22.13% |
Current DrawdownCurrent decline from peak | 0.00% | -5.13% | +5.13% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -16.38% | +7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 9.78% | -6.83% |
Volatility
BNS.TO vs. EQB.TO - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 5.19%, while Equitable Group Inc. (EQB.TO) has a volatility of 7.69%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than EQB.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 | EQB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 7.69% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 20.44% | -8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.00% | 26.93% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 29.20% | -12.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 36.53% | -17.73% |
Dividends
BNS.TO vs. EQB.TO - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.89%, more than EQB.TO's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 3.89% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
EQB.TO Equitable Group Inc. | 1.90% | 2.08% | 1.85% | 1.72% | 2.13% | 1.07% | 1.47% | 1.18% | 1.83% | 1.33% | 1.39% | 1.48% |
Financials
BNS.TO vs. EQB.TO - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Equitable Group 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
BNS.TO vs. EQB.TO - Profitability Comparison
BNS.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a gross profit of 8.40B and revenue of 17.19B. Therefore, the gross margin over that period was 48.9%.
EQB.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Equitable Group Inc. reported a gross profit of 257.01M and revenue of 707.11M. Therefore, the gross margin over that period was 36.4%.
BNS.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported an operating income of 3.43B and revenue of 17.19B, resulting in an operating margin of 20.0%.
EQB.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Equitable Group Inc. reported an operating income of 74.16M and revenue of 707.11M, resulting in an operating margin of 10.5%.
BNS.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a net income of 2.60B and revenue of 17.19B, resulting in a net margin of 15.1%.
EQB.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Equitable Group Inc. reported a net income of 50.98M and revenue of 707.11M, resulting in a net margin of 7.2%.
Frequently Asked Questions
BNS.TO and EQB.TO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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