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BNS vs. VUN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BNS vs. VUN.TO

Last updated Jun 13, 2026

BNS (The Bank of Nova Scotia) is a stock, while VUN.TO (Vanguard U.S. Total Market Index ETF) is Large Cap Blend Equities fund tracking the CRSP US Total Market Index. Over the past 10 years, BNS returned 11.61%/yr vs 14.58%/yr for VUN.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

BNS vs. VUN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Bank of Nova Scotia (BNS) and Vanguard U.S. Total Market Index ETF (VUN.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BNS is traded in USD, while VUN.TO is traded in CAD. To make them comparable, the VUN.TO 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 VUN.TO's 9.30% return. Over the past 10 years, BNS has underperformed VUN.TO with an annualized return of 11.61%, while VUN.TO has yielded a comparatively higher 14.58% annualized return.

BNS

1D
1.57%
1M
8.96%
YTD
16.52%
6M
17.99%
1Y
62.38%
3Y*
27.10%
5Y*
11.56%
10Y*
11.61%

VUN.TO

1D
0.47%
1M
-0.33%
YTD
9.30%
6M
9.67%
1Y
26.16%
3Y*
20.37%
5Y*
11.71%
10Y*
14.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BNS vs. VUN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
VUN.TO
Vanguard U.S. Total Market Index ETF		9.30%16.76%23.32%26.00%-19.31%24.60%21.10%29.32%-5.59%21.22%

Correlation

The correlation between BNS and VUN.TO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.33

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2013

0.29

Compare stocks, funds, or ETFs

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The Bank of Nova Scotia

Vanguard U.S. Total Market Index ETF

Often compared with BNS:
BNS vs. TDBNS vs. RYBNS vs. BNS.TOBNS vs. BMOBNS vs. XEQT.TOBNS vs. VDY.TOBNS vs. VFV.TO
Often compared with VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VCN.TOVUN.TO vs. VOOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. TPU.TOVUN.TO vs. SPY

Return for Risk

BNS vs. VUN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BNS
BNS Risk / Return Rank: 9696
Overall Rank
BNS Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
BNS Sortino Ratio Rank: 9898
Sortino Ratio Rank
BNS Omega Ratio Rank: 9797
Omega Ratio Rank
BNS Calmar Ratio Rank: 9292
Calmar Ratio Rank
BNS Martin Ratio Rank: 9595
Martin Ratio Rank
VUN.TO
VUN.TO Risk / Return Rank: 7979
Overall Rank
VUN.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 8181
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BNS vs. VUN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Bank of Nova Scotia (BNS) and Vanguard U.S. Total Market Index ETF (VUN.TO). 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.

BNSVUN.TODifference
Sharpe ratioReturn per unit of total volatility
3.73
1.91

+1.82

Sortino ratioReturn per unit of downside risk
5.22
2.62

+2.60

Omega ratioGain probability vs. loss probability

1.68

1.35

+0.33

Calmar ratioReturn relative to maximum drawdown

4.69

2.88

+1.81

Martin ratioReturn relative to average drawdown

18.38

12.50

+5.88

BNS vs. VUN.TO - Sharpe Ratio Comparison

The current BNS Sharpe Ratio is 3.73, which is higher than the VUN.TO Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of BNS and VUN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

BNS vs. VUN.TO - Drawdown Comparison

The maximum BNS drawdown since its inception was -63.65%, which is greater than VUN.TO's maximum drawdown of -34.31%. Use the drawdown chart below to compare losses from any high point for BNS and VUN.TO.

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Drawdown Indicators

BNSVUN.TODifference

Max Drawdown

Largest peak-to-trough decline

-63.65%

-34.31%

-29.34%

Max Drawdown (1Y)

Largest decline over 1 year

-13.36%

-8.78%

-4.58%

Max Drawdown (3Y)

Largest decline over 3 years

-19.51%

-19.64%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-39.12%

-25.40%

-13.72%

Max Drawdown (10Y)

Largest decline over 10 years

-46.29%

-34.31%

-11.98%

Current Drawdown

Current decline from peak

0.00%

-2.22%

+2.22%

Average Drawdown

Average peak-to-trough decline

-11.01%

-4.44%

-6.57%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.40%

2.02%

+1.38%

Volatility

BNS vs. VUN.TO - Volatility Comparison

The Bank of Nova Scotia (BNS) has a higher volatility of 4.91% compared to Vanguard U.S. Total Market Index ETF (VUN.TO) at 4.43%. This indicates that BNS's price experiences larger fluctuations and is considered to be riskier than VUN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BNSVUN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.91%

4.43%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

12.97%

9.92%

+3.05%

Volatility (1Y)

Calculated over the trailing 1-year period

16.80%

13.21%

+3.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.57%

16.60%

+2.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.92%

17.88%

+4.04%

Dividends

BNS vs. VUN.TO - Dividend Comparison

BNS's dividend yield for the trailing twelve months is around 3.79%, more than VUN.TO's 0.75% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VUN.TO
Vanguard U.S. Total Market Index ETF		0.75%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.50%1.49%

Frequently Asked Questions

BNS and VUN.TO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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