BRP vs. NA.TO

Last updated Aug 1, 2026

BRP (BRP Group, Inc.) and NA.TO (National Bank of Canada) are both stocks. Both are in the Financial Services sector — BRP in Insurance Brokers, NA.TO in Banks - Diversified. Over the past 5 years, BRP returned 0.35%/yr vs 20.44%/yr for NA.TO. Their 0.20 correlation means their historical movements had little consistent relationship.

Performance

BRP vs. NA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BRP Group, Inc. (BRP) and National Bank of Canada (NA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BRP is traded in USD, while NA.TO is traded in CAD. To make them comparable, the NA.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BRP achieves a 15.44% return, which is significantly lower than NA.TO's 30.07% return.

BRP

• 1D: 3.93%
• 1M: -2.36%
• 6M: 26.55%
• YTD: 15.44%
• 1Y: -21.44%
• 3Y*: 3.28%
• 5Y*: 0.35%
• 10Y*: —
• ALL TIME*: 7.15%

NA.TO

• 1D: 0.02%
• 1M: 4.19%
• 6M: 36.33%
• YTD: 30.07%
• 1Y: 60.81%
• 3Y*: 31.95%
• 5Y*: 20.44%
• 10Y*: 21.64%
• ALL TIME*: 15.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRP BRP Group, Inc.	$35.01M	$33.29M	$37.18M
NA.TO National Bank of Canada	$195.99M	$185.47M	$202.71M

BRP vs. NA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BRP BRP Group, Inc.	15.44%	-38.00%	61.37%	-4.46%	-30.38%	20.49%	86.73%	-7.65%
NA.TO National Bank of Canada	30.07%	42.66%	24.14%	18.35%	-7.33%	39.09%	6.54%	8.14%

Correlation

The correlation between BRP and NA.TO is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (3Y) Balances recent behavior with more history.	0.12
Correlation (5Y) Shows whether the relationship held over a longer period.	0.20
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019	0.20

The correlation between BRP and NA.TO shifts across timeframes, from -0.06 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BRP : $2.16B NA.TO : CA$87.33B
EPS BRP : -$0.99 NA.TO : CA$11.70
PS Ratio BRP : 1.31 NA.TO : 3.27
PB Ratio BRP : 2.93 NA.TO : 2.87
Total Revenue (TTM) BRP : $1.74B NA.TO : CA$27.33B
Gross Profit (TTM) BRP : $0.00 NA.TO : CA$14.01B
EBITDA (TTM) BRP : -$41.30M NA.TO : CA$6.37B

Return for Risk

BRP vs. NA.TO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRP

BRP Risk / Return Rank: 28
BRP Sharpe Ratio Rank: 27
BRP Sortino Ratio Rank: 28
BRP Omega Ratio Rank: 28
BRP Calmar Ratio Rank: 28
BRP Martin Ratio Rank: 30

NA.TO

NA.TO Risk / Return Rank: 98
NA.TO Sharpe Ratio Rank: 98
NA.TO Sortino Ratio Rank: 98
NA.TO Omega Ratio Rank: 98
NA.TO Calmar Ratio Rank: 97
NA.TO Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRP vs. NA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BRP Group, Inc. (BRP) and National Bank of Canada (NA.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.

	BRP	NA.TO	Difference
Sharpe ratio: Return per unit of total volatility	-0.38	3.31	-3.70
Sortino ratio: Return per unit of downside risk	-0.20	4.31	-4.50
Omega ratio: Gain probability vs. loss probability	0.98	1.59	-0.61
Calmar ratio: Return relative to maximum drawdown	-0.45	6.15	-6.61
Martin ratio: Return relative to average drawdown	-0.72	20.11	-20.84

BRP vs. NA.TO - Sharpe Ratio Comparison

The current BRP Sharpe Ratio is -0.38, which is lower than the NA.TO Sharpe Ratio of 3.31. The chart below compares the historical Sharpe Ratios of BRP and NA.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.

Drawdowns

BRP vs. NA.TO - Drawdown Comparison

The maximum BRP drawdown since its inception was -70.16%, which is greater than NA.TO's maximum drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for BRP and NA.TO.

Drawdown Indicators

	BRP	NA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-70.16%	-60.25%	-9.91%
Max Drawdown (1Y) Largest decline over 1 year	-54.74%	-9.74%	-45.00%
Max Drawdown (3Y) Largest decline over 3 years	-70.16%	-23.63%	-46.53%
Max Drawdown (5Y) Largest decline over 5 years	-70.16%	-25.64%	-44.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-52.59%	—
Current Drawdown Current decline from peak	-49.83%	-3.36%	-46.47%
Average Drawdown Average peak-to-trough decline	-28.92%	-9.09%	-19.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.81%	2.97%	+31.84%

Volatility

BRP vs. NA.TO - Volatility Comparison

BRP Group, Inc. (BRP) has a higher volatility of 16.32% compared to National Bank of Canada (NA.TO) at 7.33%. This indicates that BRP's price experiences larger fluctuations and is considered to be riskier than NA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRP	NA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.32%	7.33%	+8.99%
Volatility (6M) Calculated over the trailing 6-month period	49.32%	15.28%	+34.04%
Volatility (1Y) Calculated over the trailing 1-year period	64.41%	18.10%	+46.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.15%	18.97%	+34.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.01%	22.26%	+31.75%

Dividends

BRP vs. NA.TO - Dividend Comparison

BRP has not paid dividends to shareholders, while NA.TO's dividend yield for the trailing twelve months is around 2.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRP BRP Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NA.TO National Bank of Canada	2.20%	2.75%	3.36%	4.03%	4.03%	3.11%	3.96%	3.77%	4.44%	3.70%	4.03%	5.16%

Financials

Frequently Asked Questions

Can I hold both BRP and NA.TO in my portfolio?

BRP and NA.TO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.