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

Key characteristics


BNSSPY
YTD Return8.11%10.39%
1Y Return10.57%32.22%
3Y Return (Ann)-0.98%11.39%
5Y Return (Ann)5.14%14.97%
10Y Return (Ann)3.73%12.86%
Sharpe Ratio0.642.96
Daily Std Dev19.82%11.54%
Max Drawdown-63.79%-55.19%
Current Drawdown-21.56%-0.02%

Correlation

0.57
-1.001.00

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

In the year-to-date period, BNS achieves a 8.11% return, which is significantly lower than SPY's 10.39% return. Over the past 10 years, BNS has underperformed SPY with an annualized return of 3.73%, while SPY has yielded a comparatively higher 12.86% 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%550.00%600.00%650.00%700.00%OctoberNovemberDecember2024FebruaryMarch
680.62%
666.28%
BNS
SPY

Compare stocks, funds, or ETFs


The Bank of Nova Scotia

SPDR S&P 500 ETF

Risk-Adjusted Performance

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BNS
The Bank of Nova Scotia
0.64
SPY
SPDR S&P 500 ETF
2.96

BNS vs. SPY - Sharpe Ratio Comparison

The current BNS Sharpe Ratio is 0.64, which is lower than the SPY Sharpe Ratio of 2.96. The chart below compares the 12-month rolling Sharpe Ratio of BNS and SPY.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
0.64
2.96
BNS
SPY

Dividends

BNS vs. SPY - Dividend Comparison

BNS's dividend yield for the trailing twelve months is around 6.11%, more than SPY's 1.29% yield.


TTM20232022202120202019201820172016201520142013
BNS
The Bank of Nova Scotia
6.11%6.41%6.40%4.03%4.95%3.53%5.10%3.74%3.98%6.61%4.11%2.82%
SPY
SPDR S&P 500 ETF
1.29%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

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%. The drawdown chart below compares losses from any high point along the way for BNS and SPY


-40.00%-30.00%-20.00%-10.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-21.56%
-0.02%
BNS
SPY

Volatility

BNS vs. SPY - Volatility Comparison

The Bank of Nova Scotia (BNS) has a higher volatility of 3.40% compared to SPDR S&P 500 ETF (SPY) at 2.74%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%OctoberNovemberDecember2024FebruaryMarch
3.40%
2.74%
BNS
SPY