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BNS vs. RY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BNSRY
YTD Return6.82%0.31%
1Y Return11.43%12.06%
3Y Return (Ann)-1.47%6.65%
5Y Return (Ann)4.89%10.24%
10Y Return (Ann)3.69%8.59%
Sharpe Ratio0.620.71
Daily Std Dev19.79%17.03%
Max Drawdown-63.79%-63.03%
Current Drawdown-22.50%-7.42%

Fundamentals


BNSRY
Market Cap$61.76B$141.33B
EPS$4.53$7.99
PE Ratio11.0912.44
PEG Ratio1.4410.42
Revenue (TTM)$29.40B$53.51B
Gross Profit (TTM)$29.25B$48.50B

Correlation

0.78
-1.001.00

The correlation between BNS and RY is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

BNS vs. RY - Performance Comparison

In the year-to-date period, BNS achieves a 6.82% return, which is significantly higher than RY's 0.31% return. Over the past 10 years, BNS has underperformed RY with an annualized return of 3.69%, while RY has yielded a comparatively higher 8.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


500.00%600.00%700.00%800.00%900.00%1,000.00%1,100.00%OctoberNovemberDecember2024FebruaryMarch
671.27%
1,111.29%
BNS
RY

Compare stocks, funds, or ETFs


The Bank of Nova Scotia

Royal Bank of Canada

Risk-Adjusted Performance

BNS vs. RY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and Royal Bank of Canada (RY). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BNS
The Bank of Nova Scotia
0.62
RY
Royal Bank of Canada
0.71

BNS vs. RY - Sharpe Ratio Comparison

The current BNS Sharpe Ratio is 0.62, which roughly equals the RY Sharpe Ratio of 0.71. The chart below compares the 12-month rolling Sharpe Ratio of BNS and RY.


Rolling 12-month Sharpe Ratio-0.500.000.50OctoberNovemberDecember2024FebruaryMarch
0.62
0.71
BNS
RY

Dividends

BNS vs. RY - Dividend Comparison

BNS's dividend yield for the trailing twelve months is around 6.18%, more than RY's 4.00% yield.


TTM20232022202120202019201820172016201520142013
BNS
The Bank of Nova Scotia
6.18%6.41%6.40%4.03%4.95%3.53%5.10%3.74%3.98%6.61%4.11%2.82%
RY
Royal Bank of Canada
4.00%3.93%4.13%3.28%3.86%3.88%4.29%3.28%3.59%4.54%3.73%3.69%

Drawdowns

BNS vs. RY - Drawdown Comparison

The maximum BNS drawdown since its inception was -63.79%, roughly equal to the maximum RY drawdown of -63.03%. The drawdown chart below compares losses from any high point along the way for BNS and RY


-40.00%-30.00%-20.00%-10.00%OctoberNovemberDecember2024FebruaryMarch
-22.50%
-7.42%
BNS
RY

Volatility

BNS vs. RY - Volatility Comparison

The Bank of Nova Scotia (BNS) has a higher volatility of 3.74% compared to Royal Bank of Canada (RY) at 3.56%. This indicates that BNS's price experiences larger fluctuations and is considered to be riskier than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%OctoberNovemberDecember2024FebruaryMarch
3.74%
3.56%
BNS
RY