BNS vs. NUCG.L
BNS (The Bank of Nova Scotia) is a stock, while NUCG.L (VanEck Uranium and Nuclear Technologies UCITS ETF) is Commodity Producers Equities fund tracking the MarketVector Global Uranium and Nuclear Energy Infrastructure. Over the past 3 years, BNS returned 27.10%/yr vs 36.37%/yr for NUCG.L. At a 0.27 correlation, their price movements are largely independent.
Performance
BNS vs. NUCG.L - 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 NUCG.L's 2.96% return.
BNS
- 1D
- 1.57%
- 1M
- 8.61%
- YTD
- 16.52%
- 6M
- 17.99%
- 1Y
- 62.38%
- 3Y*
- 27.10%
- 5Y*
- 11.56%
- 10Y*
- 11.61%
NUCG.L
- 1D
- 3.48%
- 1M
- -8.61%
- YTD
- 2.96%
- 6M
- -1.20%
- 1Y
- 28.70%
- 3Y*
- 36.37%
- 5Y*
- —
- 10Y*
- —
BNS vs. NUCG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BNS The Bank of Nova Scotia | 16.52% | 45.11% | 17.55% | -5.07% |
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 2.96% | 56.10% | 31.89% | 0.05% |
Correlation
The correlation between BNS and NUCG.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023 | 0.27 |
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Return for Risk
BNS vs. NUCG.L — Risk / Return Rank
BNS
NUCG.L
BNS vs. NUCG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.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 | NUCG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.14 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 1.04 | +3.66 |
| Martin ratioReturn relative to average drawdown | 18.38 | 2.28 | +16.10 |
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Drawdowns
BNS vs. NUCG.L - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.65%, which is greater than NUCG.L's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for BNS and NUCG.L.
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Drawdown Indicators
| BNS | NUCG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -35.35% | -28.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -26.65% | +13.29% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -35.35% | +15.84% |
Max Drawdown (5Y)Largest decline over 5 years | -39.12% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -21.00% | +21.00% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -10.55% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 12.10% | -8.70% |
Volatility
BNS vs. NUCG.L - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS) is 4.91%, while VanEck Uranium and Nuclear Technologies UCITS ETF (NUCG.L) has a volatility of 12.56%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky than NUCG.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 | NUCG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 12.56% | -7.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 28.37% | -15.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 39.94% | -23.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 34.38% | -14.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 34.38% | -12.46% |
Dividends
BNS vs. NUCG.L - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 3.79%, while NUCG.L has not paid dividends to shareholders.
| 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% |
NUCG.L VanEck Uranium and Nuclear Technologies UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BNS and NUCG.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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