BNS.TO vs. NEM
BNS.TO (The Bank of Nova Scotia) and NEM (Newmont Corporation) are both stocks. BNS.TO operates in Banks - Diversified (Financial Services), while NEM operates in Gold (Basic Materials). Over the past 10 years, BNS.TO returned 11.81%/yr vs 14.79%/yr for NEM. At a 0.09 correlation, their price movements are largely independent.
Performance
BNS.TO vs. NEM - Performance Comparison
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Different Trading Currencies
BNS.TO is traded in CAD, while NEM is traded in USD. To make them comparable, the NEM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNS.TO achieves a 18.59% return, which is significantly higher than NEM's 2.97% return. Over the past 10 years, BNS.TO has underperformed NEM with an annualized return of 11.81%, while NEM has yielded a comparatively higher 14.79% 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%
NEM
- 1D
- 3.00%
- 1M
- -13.76%
- YTD
- 2.97%
- 6M
- 4.15%
- 1Y
- 85.40%
- 3Y*
- 38.22%
- 5Y*
- 13.77%
- 10Y*
- 14.79%
BNS.TO vs. NEM - 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% |
NEM Newmont Corporation | 2.97% | 160.36% | -0.03% | -10.93% | -15.75% | 7.35% | 36.96% | 25.14% | 1.74% | 3.40% |
Correlation
The correlation between BNS.TO and NEM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.09 |
The correlation between BNS.TO and NEM shifts across timeframes, from 0.08 (10 years) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
BNS.TO:
CA$7.57
NEM:
$6.34
BNS.TO:
15.51
NEM:
15.82
BNS.TO:
2.43
NEM:
4.83
BNS.TO:
CA$61.04B
NEM:
$17.23B
BNS.TO:
CA$33.58B
NEM:
$8.97B
BNS.TO:
CA$13.09B
NEM:
$13.78B
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Return for Risk
BNS.TO vs. NEM — Risk / Return Rank
BNS.TO
NEM
BNS.TO vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.62 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.30 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 3.12 | +2.73 |
| Martin ratioReturn relative to average drawdown | 22.73 | 8.32 | +14.41 |
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Drawdowns
BNS.TO vs. NEM - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum NEM drawdown of -70.02%. Use the drawdown chart below to compare losses from any high point for BNS.TO and NEM.
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Drawdown Indicators
| BNS.TO | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -70.02% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -27.50% | +16.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.12% | -33.96% | +15.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -59.76% | +24.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -59.76% | +20.81% |
Current DrawdownCurrent decline from peak | 0.00% | -21.49% | +21.49% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -29.16% | +19.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 10.30% | -7.35% |
Volatility
BNS.TO vs. NEM - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 4.70%, while Newmont Corporation (NEM) has a volatility of 15.88%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than NEM 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 | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 15.88% | -11.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 37.55% | -25.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 47.44% | -32.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 38.17% | -21.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 36.11% | -17.31% |
Dividends
BNS.TO vs. NEM - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.75%, more than NEM's 1.02% 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% |
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
Financials
BNS.TO vs. NEM - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Newmont 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
Frequently Asked Questions
BNS.TO and NEM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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