BNS vs. SPY
Compare and contrast key facts about The Bank of Nova Scotia (BNS) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BNS or SPY.
Key characteristics
| BNS | SPY | |
|---|---|---|
| YTD Return | 3.30% | 10.25% |
| 1Y Return | -21.10% | 5.39% |
| 5Y Return (Ann) | 0.64% | 10.95% |
| 10Y Return (Ann) | 3.31% | 11.77% |
| Sharpe Ratio | -0.84 | 0.35 |
| Daily Std Dev | 24.25% | 21.18% |
| Max Drawdown | -63.81% | -55.19% |
Correlation
The correlation between BNS and SPY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BNS vs. SPY - Performance Comparison
In the year-to-date period, BNS achieves a 3.30% return, which is significantly lower than SPY's 10.25% return. Over the past 10 years, BNS has underperformed SPY with an annualized return of 3.31%, while SPY has yielded a comparatively higher 11.77% 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. SPY - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 9.49%, more than SPY's 1.86% 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% |
SPY SPDR S&P 500 ETF | 1.86% | 1.66% | 1.23% | 1.57% | 1.84% | 2.19% | 1.97% | 2.26% | 2.35% | 2.17% | 2.15% | 2.63% |
BNS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and SPDR S&P 500 ETF (SPY). 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 | ||||
SPY SPDR S&P 500 ETF | 0.35 |
BNS vs. SPY - Drawdown Comparison
The maximum BNS drawdown for the period was -34.05%, lower than the maximum SPY drawdown of -19.87%. The drawdown chart below compares losses from any high point along the way for BNS and SPY
BNS vs. SPY - Volatility Comparison
The Bank of Nova Scotia (BNS) has a higher volatility of 6.44% compared to SPDR S&P 500 ETF (SPY) at 3.82%. This indicates that BNS's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.