BNS vs. DEC.L
BNS (The Bank of Nova Scotia) and DEC.L (Diversified Energy Company plc) are both stocks. BNS operates in Banks - Diversified (Financial Services), while DEC.L operates in Oil & Gas E&P (Energy). Over the past 5 years, BNS returned 11.56%/yr vs -10.43%/yr for DEC.L. At a 0.20 correlation, their price movements are largely independent.
Performance
BNS vs. DEC.L - Performance Comparison
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Different Trading Currencies
BNS is traded in USD, while DEC.L is traded in GBp. To make them comparable, the DEC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNS achieves a 16.52% return, which is significantly higher than DEC.L's -0.70% 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%
DEC.L
- 1D
- -3.72%
- 1M
- -10.17%
- YTD
- -0.70%
- 6M
- -0.94%
- 1Y
- 6.19%
- 3Y*
- -9.70%
- 5Y*
- -10.43%
- 10Y*
- —
BNS vs. DEC.L - 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% | 13.63% |
DEC.L Diversified Energy Company plc | -0.70% | -6.99% | 31.76% | -49.28% | -0.01% | -8.10% | 9.84% | -4.94% | 39.68% | 27.27% |
Correlation
The correlation between BNS and DEC.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2017 | 0.20 |
The correlation between BNS and DEC.L shifts across timeframes, from -0.18 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BNS:
$76.13B
DEC.L:
£765.64M
BNS:
CA$8.23
DEC.L:
$3.52
BNS:
14.26
DEC.L:
3.91
BNS:
1.93
DEC.L:
0.41
BNS:
1.38
DEC.L:
1.04
BNS:
CA$70.57B
DEC.L:
$2.40B
BNS:
CA$33.43B
DEC.L:
$520.54M
BNS:
CA$13.61B
DEC.L:
$874.38M
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Return for Risk
BNS vs. DEC.L — Risk / Return Rank
BNS
DEC.L
BNS vs. DEC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and Diversified Energy Company plc (DEC.L). 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 | DEC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.58 | ||
| Sortino ratioReturn per unit of downside risk | +4.70 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.06 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 0.25 | +4.44 |
| Martin ratioReturn relative to average drawdown | 18.38 | 0.46 | +17.92 |
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Drawdowns
BNS vs. DEC.L - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.65%, smaller than the maximum DEC.L drawdown of -70.26%. Use the drawdown chart below to compare losses from any high point for BNS and DEC.L.
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Drawdown Indicators
| BNS | DEC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -70.26% | +6.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -24.65% | +11.29% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -56.12% | +36.61% |
Max Drawdown (5Y)Largest decline over 5 years | -39.12% | -69.09% | +29.97% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -52.10% | +52.10% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -28.08% | +17.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 13.38% | -9.98% |
Volatility
BNS vs. DEC.L - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS) is 4.91%, while Diversified Energy Company plc (DEC.L) has a volatility of 10.73%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky than DEC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNS | DEC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 10.73% | -5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 31.26% | -18.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 39.32% | -22.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 40.10% | -20.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 38.80% | -16.88% |
Dividends
BNS vs. DEC.L - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 3.79%, less than DEC.L's 8.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
DEC.L Diversified Energy Company plc | 8.37% | 8.15% | 7.96% | 0.93% | 0.44% | 0.41% | 0.39% | 0.42% | 0.25% | 0.17% | 0.00% | 0.00% |
Financials
BNS vs. DEC.L - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Diversified Energy Company 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. DEC.L - 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%.
DEC.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diversified Energy Company plc reported a gross profit of -21.38M and revenue of 871.15M. Therefore, the gross margin over that period was -2.5%.
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%.
DEC.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diversified Energy Company plc reported an operating income of 110.45M and revenue of 871.15M, resulting in an operating margin of 12.7%.
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%.
DEC.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diversified Energy Company plc reported a net income of 375.18M and revenue of 871.15M, resulting in a net margin of 43.1%.
Frequently Asked Questions
BNS and DEC.L 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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