BNS.TO vs. FFH.TO
BNS.TO (The Bank of Nova Scotia) and FFH.TO (Fairfax Financial Holdings Limited) are both stocks. Both are in the Financial Services sector — BNS.TO in Banks - Diversified, FFH.TO in Insurance - Property & Casualty. Over the past 10 years, BNS.TO returned 11.81%/yr vs 15.19%/yr for FFH.TO. At a 0.18 correlation, their price movements are largely independent.
Performance
BNS.TO vs. FFH.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BNS.TO achieves a 18.59% return, which is significantly higher than FFH.TO's -12.76% return. Over the past 10 years, BNS.TO has underperformed FFH.TO with an annualized return of 11.81%, while FFH.TO has yielded a comparatively higher 15.19% annualized return.
BNS.TO
- 1D
- 1.87%
- 1M
- 12.03%
- YTD
- 18.59%
- 6M
- 19.85%
- 1Y
- 66.87%
- 3Y*
- 28.19%
- 5Y*
- 13.94%
- 10Y*
- 11.81%
FFH.TO
- 1D
- -0.71%
- 1M
- 2.27%
- YTD
- -12.76%
- 6M
- -6.84%
- 1Y
- -2.26%
- 3Y*
- 33.68%
- 5Y*
- 34.18%
- 10Y*
- 15.19%
BNS.TO vs. FFH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 18.59% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
FFH.TO Fairfax Financial Holdings Limited | -12.76% | 32.23% | 66.26% | 54.96% | 31.51% | 47.26% | -27.31% | 3.64% | -8.51% | 5.43% |
Correlation
The correlation between BNS.TO and FFH.TO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.18 |
The correlation between BNS.TO and FFH.TO shifts across timeframes, from 0.08 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
BNS.TO:
CA$144.67B
FFH.TO:
CA$50.62B
BNS.TO:
CA$7.57
FFH.TO:
$205.21
BNS.TO:
15.51
FFH.TO:
7.89
BNS.TO:
2.43
FFH.TO:
1.22
BNS.TO:
1.87
FFH.TO:
1.40
BNS.TO:
CA$61.04B
FFH.TO:
$29.34B
BNS.TO:
CA$33.58B
FFH.TO:
$6.18B
BNS.TO:
CA$13.09B
FFH.TO:
$7.83B
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Return for Risk
BNS.TO vs. FFH.TO — Risk / Return Rank
BNS.TO
FFH.TO
BNS.TO vs. FFH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Fairfax Financial Holdings Limited (FFH.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.
| BNS.TO | FFH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.54 | ||
| Sortino ratioReturn per unit of downside risk | +6.17 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.00 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | -0.12 | +5.98 |
| Martin ratioReturn relative to average drawdown | 22.73 | -0.27 | +22.99 |
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Drawdowns
BNS.TO vs. FFH.TO - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum FFH.TO drawdown of -56.23%. Use the drawdown chart below to compare losses from any high point for BNS.TO and FFH.TO.
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Drawdown Indicators
| BNS.TO | FFH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -56.23% | +3.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -18.88% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -18.12% | -18.88% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -18.88% | -15.99% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -56.23% | +17.28% |
Current DrawdownCurrent decline from peak | 0.00% | -13.04% | +13.04% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -11.53% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 8.44% | -5.49% |
Volatility
BNS.TO vs. FFH.TO - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 4.70%, while Fairfax Financial Holdings Limited (FFH.TO) has a volatility of 5.99%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than FFH.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 | FFH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 5.99% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 17.64% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 22.63% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 23.99% | -7.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 25.56% | -6.76% |
Dividends
BNS.TO vs. FFH.TO - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.75%, more than FFH.TO's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 3.75% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
FFH.TO Fairfax Financial Holdings Limited | 0.92% | 0.83% | 1.01% | 1.10% | 1.56% | 2.03% | 3.01% | 2.18% | 2.07% | 1.95% | 2.24% | 1.82% |
Financials
BNS.TO vs. FFH.TO - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Fairfax Financial Holdings Limited. 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. FFH.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%.
FFH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported a gross profit of 986.70M and revenue of 6.41B. Therefore, the gross margin over that period was 15.4%.
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%.
FFH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported an operating income of 1.04B and revenue of 6.41B, resulting in an operating margin of 16.2%.
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%.
FFH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported a net income of 695.70M and revenue of 6.41B, resulting in a net margin of 10.9%.
Frequently Asked Questions
BNS.TO and FFH.TO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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