BNS vs. BAESY
BNS (The Bank of Nova Scotia) and BAESY (BAE Systems PLC) are both stocks. BNS operates in Banks - Diversified (Financial Services), while BAESY operates in Aerospace & Defense (Industrials). Over the past 10 years, BNS returned 11.61%/yr vs 18.72%/yr for BAESY. At a 0.34 correlation, their price movements are largely independent.
Performance
BNS vs. BAESY - Performance Comparison
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Returns By Period
In the year-to-date period, BNS achieves a 16.52% return, which is significantly higher than BAESY's 11.25% return. Over the past 10 years, BNS has underperformed BAESY with an annualized return of 11.61%, while BAESY has yielded a comparatively higher 18.72% annualized return.
BNS
- 1D
- 1.57%
- 1M
- 9.86%
- YTD
- 16.52%
- 6M
- 17.99%
- 1Y
- 62.38%
- 3Y*
- 27.10%
- 5Y*
- 11.56%
- 10Y*
- 11.61%
BAESY
- 1D
- -4.00%
- 1M
- -1.83%
- YTD
- 11.25%
- 6M
- 13.51%
- 1Y
- 0.44%
- 3Y*
- 30.63%
- 5Y*
- 30.61%
- 10Y*
- 18.72%
BNS vs. BAESY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 16.52% | 45.11% | 17.55% | 8.53% | -28.05% | 40.62% | 1.70% | 17.49% | -18.28% | 21.83% |
BAESY BAE Systems PLC | 11.25% | 65.51% | 1.23% | 40.91% | 46.40% | 14.56% | -3.43% | 34.69% | -22.16% | 13.28% |
Correlation
The correlation between BNS and BAESY is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2007 | 0.34 |
The correlation between BNS and BAESY shifts across timeframes, from 0.20 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BNS:
$76.13B
BAESY:
$77.52B
BNS:
CA$8.23
BAESY:
£5.29
BNS:
14.26
BAESY:
14.41
BNS:
1.93
BAESY:
1.06
BNS:
1.38
BAESY:
4.92
BNS:
CA$70.57B
BAESY:
£54.56B
BNS:
CA$33.43B
BAESY:
£19.72B
BNS:
CA$13.61B
BAESY:
£7.74B
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Return for Risk
BNS vs. BAESY — Risk / Return Rank
BNS
BAESY
BNS vs. BAESY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and BAE Systems PLC (BAESY). 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 | BAESY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.72 | ||
| Sortino ratioReturn per unit of downside risk | +4.97 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.03 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 0.02 | +4.67 |
| Martin ratioReturn relative to average drawdown | 18.38 | 0.04 | +18.34 |
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Drawdowns
BNS vs. BAESY - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.65%, which is greater than BAESY's maximum drawdown of -59.20%. Use the drawdown chart below to compare losses from any high point for BNS and BAESY.
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Drawdown Indicators
| BNS | BAESY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -59.20% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -23.59% | +10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -23.59% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -39.12% | -23.59% | -15.53% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -42.13% | -4.16% |
Current DrawdownCurrent decline from peak | 0.00% | -16.92% | +16.92% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -19.32% | +8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 10.17% | -6.77% |
Volatility
BNS vs. BAESY - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS) is 4.91%, while BAE Systems PLC (BAESY) has a volatility of 10.68%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky than BAESY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNS | BAESY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 10.68% | -5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 25.10% | -12.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 31.92% | -15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 28.12% | -8.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 27.90% | -5.98% |
Dividends
BNS vs. BAESY - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 3.79%, more than BAESY's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAESY BAE Systems PLC | 1.90% | 1.90% | 2.79% | 2.40% | 3.09% | 4.46% | 7.05% | 3.66% | 4.93% | 5.71% | 6.26% | 4.38% |
BNS The Bank of Nova Scotia | 3.79% | 4.17% | 5.85% | 8.56% | 6.39% | 5.09% | 4.93% | 3.53% | 6.34% | 4.80% | 5.24% | 8.13% |
Financials
BNS vs. BAESY - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and BAE Systems PLC. 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 vs. BAESY - Profitability Comparison
BNS - 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 17.18B. Therefore, the gross margin over that period was 48.9%.
BAESY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a gross profit of 1.34B and revenue of 14.67B. Therefore, the gross margin over that period was 9.2%.
BNS - 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 17.18B, resulting in an operating margin of 20.0%.
BAESY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported an operating income of 1.34B and revenue of 14.67B, resulting in an operating margin of 9.2%.
BNS - 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 2.59B and revenue of 17.18B, resulting in a net margin of 15.1%.
BAESY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BAE Systems PLC reported a net income of 1.09B and revenue of 14.67B, resulting in a net margin of 7.4%.
Frequently Asked Questions
BNS and BAESY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAESY has higher volatility (10.68%) compared to BNS (4.91%). In terms of maximum drawdown, BNS dropped -63.65% vs BAESY's -59.20%.
BNS currently has the higher Sharpe Ratio (3.73 vs 0.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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