BNS vs. TSCO.L
BNS (The Bank of Nova Scotia) and TSCO.L (Tesco PLC) are both stocks. BNS operates in Banks - Diversified (Financial Services), while TSCO.L operates in Grocery Stores (Consumer Defensive). Over the past 10 years, BNS returned 11.61%/yr vs 15.39%/yr for TSCO.L. At a 0.32 correlation, their price movements are largely independent.
Performance
BNS vs. TSCO.L - Performance Comparison
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Different Trading Currencies
BNS is traded in USD, while TSCO.L is traded in GBp. To make them comparable, the TSCO.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BNS achieves a 16.52% return, which is significantly higher than TSCO.L's 8.86% return. Over the past 10 years, BNS has underperformed TSCO.L with an annualized return of 11.61%, while TSCO.L has yielded a comparatively higher 15.39% annualized return.
BNS
- 1D
- 1.57%
- 1M
- 9.86%
- YTD
- 16.52%
- 6M
- 17.99%
- 1Y
- 62.38%
- 3Y*
- 27.10%
- 5Y*
- 11.56%
- 10Y*
- 11.61%
TSCO.L
- 1D
- 0.71%
- 1M
- 3.54%
- YTD
- 8.86%
- 6M
- 9.85%
- 1Y
- 22.72%
- 3Y*
- 28.84%
- 5Y*
- 18.74%
- 10Y*
- 15.39%
BNS vs. TSCO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 16.52% | 45.11% | 17.55% | 8.53% | -28.05% | 40.62% | 1.70% | 17.49% | -18.28% | 21.83% |
TSCO.L Tesco PLC | 8.86% | 33.84% | 29.58% | 41.90% | -27.47% | 29.14% | -2.47% | 43.70% | -12.92% | 11.38% |
Correlation
The correlation between BNS and TSCO.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.32 |
The correlation between BNS and TSCO.L shifts across timeframes, from 0.13 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
BNS:
$76.13B
TSCO.L:
£30.04B
BNS:
CA$8.23
TSCO.L:
£0.54
BNS:
14.26
TSCO.L:
8.80
BNS:
1.93
TSCO.L:
0.21
BNS:
1.38
TSCO.L:
2.62
BNS:
CA$70.57B
TSCO.L:
£143.63B
BNS:
CA$33.43B
TSCO.L:
£10.94B
BNS:
CA$13.61B
TSCO.L:
£8.93B
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Return for Risk
BNS vs. TSCO.L — Risk / Return Rank
BNS
TSCO.L
BNS vs. TSCO.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and Tesco PLC (TSCO.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BNS | TSCO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.71 | ||
| Sortino ratioReturn per unit of downside risk | +3.73 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.19 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 1.80 | +2.89 |
| Martin ratioReturn relative to average drawdown | 18.38 | 4.52 | +13.87 |
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Drawdowns
BNS vs. TSCO.L - Drawdown Comparison
The maximum BNS drawdown since its inception was -63.65%, smaller than the maximum TSCO.L drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for BNS and TSCO.L.
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Drawdown Indicators
| BNS | TSCO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.65% | -74.47% | +10.82% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -12.57% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -19.51% | -18.60% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -39.12% | -44.50% | +5.38% |
Max Drawdown (10Y)Largest decline over 10 years | -46.29% | -44.50% | -1.79% |
Current DrawdownCurrent decline from peak | 0.00% | -4.25% | +4.25% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -44.23% | +33.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 5.01% | -1.61% |
Volatility
BNS vs. TSCO.L - Volatility Comparison
The current volatility for The Bank of Nova Scotia (BNS) is 4.91%, while Tesco PLC (TSCO.L) has a volatility of 7.39%. This indicates that BNS experiences smaller price fluctuations and is considered to be less risky than TSCO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNS | TSCO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 7.39% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 17.39% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.80% | 22.26% | -5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 22.36% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 24.97% | -3.05% |
Dividends
BNS vs. TSCO.L - Dividend Comparison
BNS's dividend yield for the trailing twelve months is around 3.79%, more than TSCO.L's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS The Bank of Nova Scotia | 3.79% | 4.17% | 5.85% | 8.56% | 6.39% | 5.09% | 4.93% | 3.53% | 6.34% | 4.80% | 5.24% | 8.13% |
TSCO.L Tesco PLC | 3.07% | 3.23% | 3.39% | 3.75% | 5.15% | 20.72% | 4.19% | 2.64% | 1.93% | 0.48% | 0.00% | 0.00% |
Financials
BNS vs. TSCO.L - Financials Comparison
This section allows you to compare key financial metrics between The Bank of Nova Scotia and Tesco PLC. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BNS vs. TSCO.L - Profitability Comparison
BNS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a gross profit of 8.40B and revenue of 17.18B. Therefore, the gross margin over that period was 48.9%.
TSCO.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tesco PLC reported a gross profit of 2.76B and revenue of 37.68B. Therefore, the gross margin over that period was 7.3%.
BNS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported an operating income of 3.43B and revenue of 17.18B, resulting in an operating margin of 20.0%.
TSCO.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tesco PLC reported an operating income of 1.49B and revenue of 37.68B, resulting in an operating margin of 4.0%.
BNS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bank of Nova Scotia reported a net income of 2.59B and revenue of 17.18B, resulting in a net margin of 15.1%.
TSCO.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tesco PLC reported a net income of 837.00M and revenue of 37.68B, resulting in a net margin of 2.2%.
Frequently Asked Questions
BNS and TSCO.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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