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BNS vs. RY

Last updated May 27, 2023

Compare and contrast key facts about The Bank of Nova Scotia (BNS) and Royal Bank of Canada (RY).

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNS or RY.

Key characteristics


BNSRY
YTD Return3.30%-1.94%
1Y Return-21.10%-6.47%
5Y Return (Ann)0.64%7.71%
10Y Return (Ann)3.31%8.05%
Sharpe Ratio-0.84-0.28
Daily Std Dev24.25%21.73%
Max Drawdown-63.81%-63.03%

Fundamentals


BNSRY
Market Cap$58.95B$125.65B
EPS$5.36$7.90
PE Ratio9.1511.44
PEG Ratio2.484.33
Revenue (TTM)$29.32B$51.46B
Gross Profit (TTM)$29.80B$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.

BNS vs. RY - Performance Comparison

In the year-to-date period, BNS achieves a 3.30% return, which is significantly lower than RY's -1.94% return. Over the past 10 years, BNS has underperformed RY with an annualized return of 3.31%, while RY has yielded a comparatively higher 8.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


600.00%700.00%800.00%900.00%1,000.00%1,100.00%December2023FebruaryMarchAprilMay
611.81%
955.25%
BNS
RY

Compare stocks, funds, or ETFs


The Bank of Nova Scotia

Royal Bank of Canada

BNS vs. RY - Dividend Comparison

BNS's dividend yield for the trailing twelve months is around 9.49%, more than RY's 6.46% yield.


TTM20222021202020192018201720162015201420132012
BNS
The Bank of Nova Scotia
9.49%6.60%4.35%5.63%4.28%6.41%4.92%5.44%11.50%6.26%4.46%6.32%
RY
Royal Bank of Canada
6.46%4.21%3.47%4.25%4.46%5.13%4.08%4.62%6.09%5.21%5.35%5.72%

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
-0.84
RY
Royal Bank of Canada
-0.28

BNS vs. RY - Sharpe Ratio Comparison

The current BNS Sharpe Ratio is -0.84, which is lower than the RY Sharpe Ratio of -0.28. The chart below compares the 12-month rolling Sharpe Ratio of BNS and RY.


-1.00-0.500.00December2023FebruaryMarchAprilMay
-0.84
-0.28
BNS
RY

BNS vs. RY - Drawdown Comparison

The maximum BNS drawdown for the period was -34.05%, lower than the maximum RY drawdown of -20.52%. The drawdown chart below compares losses from any high point along the way for BNS and RY


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%December2023FebruaryMarchAprilMay
-29.33%
-19.35%
BNS
RY

BNS vs. RY - Volatility Comparison

The Bank of Nova Scotia (BNS) and Royal Bank of Canada (RY) have volatilities of 6.44% and 6.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%9.00%December2023FebruaryMarchAprilMay
6.44%
6.16%
BNS
RY