BNS.TO vs. UCU.V

Last updated Jun 9, 2026

BNS.TO (The Bank of Nova Scotia) and UCU.V (Ucore Rare Metals Inc) are both stocks. BNS.TO operates in Banks - Diversified (Financial Services), while UCU.V operates in Other Industrial Metals & Mining (Basic Materials). Over the past 10 years, BNS.TO returned 11.26%/yr vs 5.28%/yr for UCU.V. At a 0.08 correlation, their price movements are largely independent.

Performance

BNS.TO vs. UCU.V - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in The Bank of Nova Scotia (BNS.TO) and Ucore Rare Metals Inc (UCU.V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BNS.TO achieves a 14.13% return, which is significantly higher than UCU.V's -4.04% return. Over the past 10 years, BNS.TO has outperformed UCU.V with an annualized return of 11.26%, while UCU.V has yielded a comparatively lower 5.28% 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%

UCU.V

• 1D: -2.24%
• 1M: -2.97%
• YTD: -4.04%
• 6M: -24.20%
• 1Y: 296.21%
• 3Y*: 67.15%
• 5Y*: 34.92%
• 10Y*: 5.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BNS.TO vs. UCU.V - 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%
UCU.V Ucore Rare Metals Inc	-4.04%	626.67%	-13.79%	27.94%	-6.85%	-38.14%	-47.56%	162.96%	-52.08%	-22.58%

Correlation

The correlation between BNS.TO and UCU.V is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.08
Correlation (All Time) Calculated using the full available price history since Oct 11, 2006	0.08

The correlation between BNS.TO and UCU.V shifts across timeframes, from 0.08 (10 years) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BNS.TO : CA$139.23B UCU.V : CA$595.19M
EPS BNS.TO : CA$7.57 UCU.V : -CA$0.40
PB Ratio BNS.TO : 1.80 UCU.V : 8.40
Total Revenue (TTM) BNS.TO : CA$61.04B UCU.V : CA$0.00
Gross Profit (TTM) BNS.TO : CA$33.58B UCU.V : -CA$1.84M
EBITDA (TTM) BNS.TO : CA$13.09B UCU.V : -CA$31.97M

Return for Risk

BNS.TO vs. UCU.V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BNS.TO

BNS.TO Risk / Return Rank: 97
BNS.TO Sharpe Ratio Rank: 98
BNS.TO Sortino Ratio Rank: 99
BNS.TO Omega Ratio Rank: 98
BNS.TO Calmar Ratio Rank: 93
BNS.TO Martin Ratio Rank: 96

UCU.V

UCU.V Risk / Return Rank: 89
UCU.V Sharpe Ratio Rank: 92
UCU.V Sortino Ratio Rank: 89
UCU.V Omega Ratio Rank: 85
UCU.V Calmar Ratio Rank: 92
UCU.V Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNS.TO vs. UCU.V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS.TO) and Ucore Rare Metals Inc (UCU.V). 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	UCU.V	Difference
Sharpe ratio: Return per unit of total volatility	4.07	2.44	+1.63
Sortino ratio: Return per unit of downside risk	5.73	3.03	+2.70
Omega ratio: Gain probability vs. loss probability	1.80	1.35	+0.45
Calmar ratio: Return relative to maximum drawdown	5.32	5.06	+0.26
Martin ratio: Return relative to average drawdown	20.64	8.03	+12.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BNS.TO vs. UCU.V - Sharpe Ratio Comparison

The current BNS.TO Sharpe Ratio is 4.07, which is higher than the UCU.V Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of BNS.TO and UCU.V, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BNS.TO	UCU.V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.07	2.44	+1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.40	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.06	+0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.01	+0.44

Drawdowns

BNS.TO vs. UCU.V - Drawdown Comparison

The maximum BNS.TO drawdown since its inception was -52.27%, smaller than the maximum UCU.V drawdown of -98.60%. Use the drawdown chart below to compare losses from any high point for BNS.TO and UCU.V.

Drawdown Indicators

	BNS.TO	UCU.V	Difference
Max Drawdown Largest peak-to-trough decline	-52.27%	-98.60%	+46.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-59.01%	+47.53%
Max Drawdown (3Y) Largest decline over 3 years	-18.12%	-59.01%	+40.89%
Max Drawdown (5Y) Largest decline over 5 years	-34.87%	-65.81%	+30.94%
Max Drawdown (10Y) Largest decline over 10 years	-38.95%	-83.62%	+44.67%
Current Drawdown Current decline from peak	-0.09%	-60.73%	+60.64%
Average Drawdown Average peak-to-trough decline	-9.24%	-80.87%	+71.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	37.10%	-34.15%

Volatility

BNS.TO vs. UCU.V - Volatility Comparison

The current volatility for The Bank of Nova Scotia (BNS.TO) is 4.80%, while Ucore Rare Metals Inc (UCU.V) has a volatility of 25.95%. This indicates that BNS.TO experiences smaller price fluctuations and is considered to be less risky than UCU.V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BNS.TO	UCU.V	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	25.95%	-21.15%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	69.56%	-57.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.04%	122.63%	-107.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.32%	87.21%	-70.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	92.83%	-74.03%

Dividends

BNS.TO vs. UCU.V - Dividend Comparison

BNS.TO's dividend yield for the trailing twelve months is around 3.89%, while UCU.V has not paid dividends to shareholders.

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%
UCU.V Ucore Rare Metals Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BNS.TO and UCU.V in my portfolio?

BNS.TO and UCU.V have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.