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.
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.
Performance
BNS vs. SPY - Performance Comparison
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Key characteristics
BNS:
0.77
SPY:
0.69
BNS:
1.16
SPY:
1.17
BNS:
1.15
SPY:
1.18
BNS:
0.46
SPY:
0.80
BNS:
1.84
SPY:
3.08
BNS:
7.62%
SPY:
4.88%
BNS:
17.61%
SPY:
20.26%
BNS:
-63.79%
SPY:
-55.19%
BNS:
-15.77%
SPY:
-2.76%
Returns By Period
In the year-to-date period, BNS achieves a -1.27% return, which is significantly lower than SPY's 1.69% return. Over the past 10 years, BNS has underperformed SPY with an annualized return of 4.94%, while SPY has yielded a comparatively higher 12.77% annualized return.
BNS
-1.27%
9.28%
-1.65%
13.45%
14.22%
4.94%
SPY
1.69%
13.04%
2.09%
13.82%
17.47%
12.77%
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Risk-Adjusted Performance
BNS vs. SPY — Risk-Adjusted Performance Rank
BNS
SPY
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.
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Dividends
BNS vs. SPY - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 5.93%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 5.93% | 5.84% | 6.40% | 6.40% | 4.02% | 4.94% | 3.54% | 5.10% | 3.75% | 3.98% | 6.63% | 4.11% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BNS vs. SPY - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.79%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BNS and SPY. For additional features, visit the drawdowns tool.
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Volatility
BNS vs. SPY - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS) is 2.27%, while SPDR S&P 500 ETF (SPY) has a volatility of 5.51%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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