BNS.TO vs. MAL.TO
BNS.TO (The Bank of Nova Scotia) and MAL.TO (Magellan Aerospace Corporation) are both stocks. BNS.TO operates in Banks - Diversified (Financial Services), while MAL.TO operates in Aerospace & Defense (Industrials). Over the past 10 years, BNS.TO returned 11.81%/yr vs 8.60%/yr for MAL.TO. At a 0.17 correlation, their price movements are largely independent.
Performance
BNS.TO vs. MAL.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 lower than MAL.TO's 76.68% return. Over the past 10 years, BNS.TO has outperformed MAL.TO with an annualized return of 11.81%, while MAL.TO has yielded a comparatively lower 8.60% 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%
MAL.TO
- 1D
- 0.55%
- 1M
- 32.08%
- YTD
- 76.68%
- 6M
- 83.32%
- 1Y
- 86.56%
- 3Y*
- 59.98%
- 5Y*
- 27.61%
- 10Y*
- 8.60%
BNS.TO vs. MAL.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% |
MAL.TO Magellan Aerospace Corporation | 76.68% | 85.92% | 29.71% | -20.45% | 3.54% | 18.19% | -33.84% | -3.75% | -27.23% | 18.52% |
Correlation
The correlation between BNS.TO and MAL.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.17 |
The correlation between BNS.TO and MAL.TO shifts across timeframes, from 0.16 (5 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
BNS.TO:
CA$144.67B
MAL.TO:
CA$1.86B
BNS.TO:
CA$7.57
MAL.TO:
CA$0.79
BNS.TO:
15.51
MAL.TO:
41.35
BNS.TO:
2.43
MAL.TO:
1.74
BNS.TO:
1.87
MAL.TO:
2.22
BNS.TO:
CA$61.04B
MAL.TO:
CA$1.07B
BNS.TO:
CA$33.58B
MAL.TO:
CA$151.69M
BNS.TO:
CA$13.09B
MAL.TO:
CA$115.01M
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Return for Risk
BNS.TO vs. MAL.TO — Risk / Return Rank
BNS.TO
MAL.TO
BNS.TO vs. MAL.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Magellan Aerospace Corporation (MAL.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 | MAL.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.50 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.32 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 3.82 | +2.03 |
| Martin ratioReturn relative to average drawdown | 22.73 | 7.82 | +14.90 |
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Drawdowns
BNS.TO vs. MAL.TO - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum MAL.TO drawdown of -98.40%. Use the drawdown chart below to compare losses from any high point for BNS.TO and MAL.TO.
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Drawdown Indicators
| BNS.TO | MAL.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -98.40% | +46.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -22.77% | +11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.12% | -22.77% | +4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -35.44% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -75.12% | +36.17% |
Current DrawdownCurrent decline from peak | 0.00% | -4.03% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -45.06% | +35.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 11.10% | -8.15% |
Volatility
BNS.TO vs. MAL.TO - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 4.70%, while Magellan Aerospace Corporation (MAL.TO) has a volatility of 20.73%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than MAL.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 | MAL.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 20.73% | -16.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 37.91% | -26.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 45.32% | -30.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 34.90% | -18.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 35.43% | -16.63% |
Dividends
BNS.TO vs. MAL.TO - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.75%, more than MAL.TO's 0.61% 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% |
MAL.TO Magellan Aerospace Corporation | 0.61% | 0.94% | 0.99% | 1.27% | 2.60% | 4.22% | 4.79% | 2.88% | 2.37% | 1.33% | 1.32% | 1.38% |
Financials
BNS.TO vs. MAL.TO - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Magellan Aerospace 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
BNS.TO vs. MAL.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%.
MAL.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Magellan Aerospace Corporation reported a gross profit of 40.61M and revenue of 285.10M. Therefore, the gross margin over that period was 14.3%.
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%.
MAL.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Magellan Aerospace Corporation reported an operating income of 23.24M and revenue of 285.10M, resulting in an operating margin of 8.2%.
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%.
MAL.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Magellan Aerospace Corporation reported a net income of 16.48M and revenue of 285.10M, resulting in a net margin of 5.8%.
Frequently Asked Questions
BNS.TO and MAL.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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