BNS vs. RY
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
| BNS | RY | |
|---|---|---|
| YTD Return | 3.30% | -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 Dev | 24.25% | 21.73% |
| Max Drawdown | -63.81% | -63.03% |
Fundamentals
| BNS | RY | |
|---|---|---|
| Market Cap | $58.95B | $125.65B |
| EPS | $5.36 | $7.90 |
| PE Ratio | 9.15 | 11.44 |
| PEG Ratio | 2.48 | 4.33 |
| Revenue (TTM) | $29.32B | $51.46B |
| Gross Profit (TTM) | $29.80B | $48.50B |
Correlation
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.
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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.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | -0.84 | ||||
RY Royal Bank of Canada | -0.28 |
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
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.