BNS.TO vs. NVDA
BNS.TO (The Bank of Nova Scotia) and NVDA (NVIDIA Corporation) are both stocks. BNS.TO operates in Banks - Diversified (Financial Services), while NVDA operates in Semiconductors (Technology). Over the past 10 years, BNS.TO returned 11.26%/yr vs 70.02%/yr for NVDA. At a 0.27 correlation, their price movements are largely independent.
Performance
BNS.TO vs. NVDA - Performance Comparison
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Different Trading Currencies
BNS.TO is traded in CAD, while NVDA is traded in USD. To make them comparable, the NVDA values have been converted to CAD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with BNS.TO having a 14.13% return and NVDA slightly lower at 14.05%. Over the past 10 years, BNS.TO has underperformed NVDA with an annualized return of 11.26%, while NVDA has yielded a comparatively higher 70.02% annualized return.
BNS.TO
- 1D
- 0.58%
- 1M
- 6.52%
- YTD
- 14.13%
- 6M
- 16.24%
- 1Y
- 60.74%
- 3Y*
- 26.75%
- 5Y*
- 13.06%
- 10Y*
- 11.26%
NVDA
- 1D
- 2.01%
- 1M
- -0.92%
- YTD
- 14.05%
- 6M
- 13.47%
- 1Y
- 50.42%
- 3Y*
- 77.87%
- 5Y*
- 69.25%
- 10Y*
- 70.02%
BNS.TO vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 14.13% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
NVDA NVIDIA Corporation | 14.05% | 32.57% | 194.22% | 230.95% | -47.11% | 125.37% | 117.02% | 69.65% | -25.00% | 69.67% |
Correlation
The correlation between BNS.TO and NVDA is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.27 |
Fundamentals
BNS.TO:
CA$139.23B
NVDA:
$5.09T
BNS.TO:
CA$7.57
NVDA:
$6.53
BNS.TO:
14.92
NVDA:
31.97
BNS.TO:
2.33
NVDA:
20.13
BNS.TO:
1.80
NVDA:
26.03
BNS.TO:
CA$61.04B
NVDA:
$253.49B
BNS.TO:
CA$33.58B
NVDA:
$187.95B
BNS.TO:
CA$13.09B
NVDA:
$192.76B
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Return for Risk
BNS.TO vs. NVDA — Risk / Return Rank
BNS.TO
NVDA
BNS.TO vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.60 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.25 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 5.32 | 2.43 | +2.88 |
| Martin ratioReturn relative to average drawdown | 20.64 | 5.58 | +15.05 |
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 | NVDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.07 | 1.47 | +2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 1.34 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.39 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.77 | -0.32 |
Drawdowns
BNS.TO vs. NVDA - Drawdown Comparison
The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum NVDA drawdown of -80.18%. Use the drawdown chart below to compare losses from any high point for BNS.TO and NVDA.
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Drawdown Indicators
| BNS.TO | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -80.18% | +27.91% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -20.81% | +9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.12% | -38.45% | +20.33% |
Max Drawdown (5Y)Largest decline over 5 years | -34.87% | -63.60% | +28.73% |
Max Drawdown (10Y)Largest decline over 10 years | -38.95% | -63.60% | +24.65% |
Current DrawdownCurrent decline from peak | -0.09% | -9.84% | +9.75% |
Average DrawdownAverage peak-to-trough decline | -9.24% | -28.51% | +19.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 9.05% | -6.10% |
Volatility
BNS.TO vs. NVDA - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS.TO) is 4.80%, while NVIDIA Corporation (NVDA) has a volatility of 13.30%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than NVDA 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 | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 13.30% | -8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 26.17% | -14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.04% | 34.56% | -19.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 52.12% | -35.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.80% | 50.49% | -31.69% |
Dividends
BNS.TO vs. NVDA - Dividend Comparison
BNS.TO's dividend yield for the trailing twelve months is around 3.89%, more than NVDA's 0.14% 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% |
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Financials
BNS.TO vs. NVDA - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and NVIDIA 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. NVDA - 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%.
NVDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.
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%.
NVDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.
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%.
NVDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.
Frequently Asked Questions
BNS.TO and NVDA have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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