BNS.TO vs. NTRS
BNS.TO (The Bank of Nova Scotia) and NTRS (Northern Trust Corporation) are both stocks. Both are in the Financial Services sector — BNS.TO in Banks - Diversified, NTRS in Asset Management. Over the past 10 years, BNS.TO returned 11.81%/yr vs 13.63%/yr for NTRS. At a 0.43 correlation, their price movements are largely independent.
Performance
BNS.TO vs. NTRS - Performance Comparison
Loading charts...
Different Trading Currencies
BNS.TO is traded in CAD, while NTRS is traded in USD. To make them comparable, the NTRS 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 lower than NTRS's 31.70% return. Over the past 10 years, BNS.TO has underperformed NTRS with an annualized return of 11.81%, while NTRS has yielded a comparatively higher 13.63% 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%
NTRS
- 1D
- 2.40%
- 1M
- 9.75%
- YTD
- 31.70%
- 6M
- 29.10%
- 1Y
- 67.33%
- 3Y*
- 38.76%
- 5Y*
- 14.77%
- 10Y*
- 13.63%
BNS.TO vs. NTRS - 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% |
NTRS Northern Trust Corporation | 31.70% | 30.67% | 36.26% | -3.38% | -18.99% | 31.59% | -11.44% | 25.20% | -7.51% | 6.45% |
Correlation
The correlation between BNS.TO and NTRS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.43 |
The correlation between BNS.TO and NTRS shifts across timeframes, from 0.38 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BNS.TO:
CA$7.57
NTRS:
$9.09
BNS.TO:
15.51
NTRS:
19.17
BNS.TO:
2.43
NTRS:
2.33
BNS.TO:
CA$61.04B
NTRS:
$14.30B
BNS.TO:
CA$33.58B
NTRS:
$8.09B
BNS.TO:
CA$13.09B
NTRS:
$3.21B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BNS.TO vs. NTRS — Risk / Return Rank
BNS.TO
NTRS
BNS.TO vs. NTRS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Northern Trust Corporation (NTRS). 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 | NTRS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.87 | 1.42 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 5.45 | +0.40 |
| Martin ratioReturn relative to average drawdown | 22.73 | 15.28 | +7.45 |
Loading charts...
Drawdowns
BNS.TO vs. NTRS - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum NTRS drawdown of -60.94%. Use the drawdown chart below to compare losses from any high point for BNS.TO and NTRS.
Loading charts...
Drawdown Indicators
| BNS.TO | NTRS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -60.94% | +8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -12.41% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -18.12% | -25.70% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -45.10% | +10.23% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -45.10% | +6.15% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -18.13% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 4.42% | -1.47% |
Volatility
BNS.TO vs. NTRS - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 4.70%, while Northern Trust Corporation (NTRS) has a volatility of 6.85%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than NTRS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BNS.TO | NTRS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 6.85% | -2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 19.38% | -7.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 26.94% | -11.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 30.20% | -13.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 31.10% | -12.30% |
Dividends
BNS.TO vs. NTRS - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.75%, more than NTRS's 1.84% 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% |
NTRS Northern Trust Corporation | 1.84% | 2.27% | 2.93% | 3.56% | 3.28% | 2.34% | 3.01% | 2.45% | 2.32% | 1.60% | 1.66% | 1.96% |
Financials
BNS.TO vs. NTRS - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Northern Trust 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. NTRS - 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%.
NTRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported a gross profit of 2.12B and revenue of 3.61B. Therefore, the gross margin over that period was 58.8%.
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%.
NTRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported an operating income of 625.80M and revenue of 3.61B, resulting in an operating margin of 17.3%.
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%.
NTRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported a net income of 466.00M and revenue of 3.61B, resulting in a net margin of 12.9%.
Frequently Asked Questions
BNS.TO and NTRS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BNS.TO and NTRS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer