CU.TO vs. BCE.TO
CU.TO (Canadian Utilities Limited) and BCE.TO (BCE Inc.) are both stocks. CU.TO operates in Utilities - Diversified (Utilities), while BCE.TO operates in Telecom Services (Communication Services). Over the past 10 years, CU.TO returned 8.06%/yr vs 0.29%/yr for BCE.TO. At a 0.25 correlation, their price movements are largely independent.
Performance
CU.TO vs. BCE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CU.TO achieves a 20.62% return, which is significantly higher than BCE.TO's 4.45% return. Over the past 10 years, CU.TO has outperformed BCE.TO with an annualized return of 8.06%, while BCE.TO has yielded a comparatively lower 0.29% annualized return.
CU.TO
- 1D
- -0.96%
- 1M
- 4.83%
- YTD
- 20.62%
- 6M
- 23.87%
- 1Y
- 40.11%
- 3Y*
- 17.75%
- 5Y*
- 12.73%
- 10Y*
- 8.06%
BCE.TO
- 1D
- -0.79%
- 1M
- 2.06%
- YTD
- 4.45%
- 6M
- 7.05%
- 1Y
- 19.46%
- 3Y*
- -11.69%
- 5Y*
- -5.02%
- 10Y*
- 0.29%
CU.TO vs. BCE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU.TO Canadian Utilities Limited | 20.62% | 28.75% | 15.61% | -8.24% | 4.73% | 24.14% | -16.53% | 31.00% | -12.18% | 7.28% |
BCE.TO BCE Inc. | 4.45% | 5.35% | -30.02% | -6.22% | -4.33% | 27.90% | -3.92% | 17.38% | -5.65% | 9.18% |
Correlation
The correlation between CU.TO and BCE.TO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006 | 0.25 |
The correlation between CU.TO and BCE.TO shifts across timeframes, from 0.14 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CU.TO:
CA$13.78B
BCE.TO:
CA$31.49B
CU.TO:
CA$0.39
BCE.TO:
CA$6.92
CU.TO:
128.56
BCE.TO:
4.88
CU.TO:
3.73
BCE.TO:
1.27
CU.TO:
2.75
BCE.TO:
1.57
CU.TO:
CA$3.69B
BCE.TO:
CA$24.71B
CU.TO:
CA$905.00M
BCE.TO:
CA$14.56B
CU.TO:
CA$1.82B
BCE.TO:
CA$14.72B
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Return for Risk
CU.TO vs. BCE.TO — Risk / Return Rank
CU.TO
BCE.TO
CU.TO vs. BCE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Utilities Limited (CU.TO) and BCE Inc. (BCE.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.
| CU.TO | BCE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.19 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 1.81 | +3.76 |
| Martin ratioReturn relative to average drawdown | 19.18 | 3.45 | +15.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CU.TO | BCE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.07 | 1.12 | +1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | -0.29 | +1.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.02 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.29 | +0.23 |
Drawdowns
CU.TO vs. BCE.TO - Drawdown Comparison
The maximum CU.TO drawdown since its inception was -40.15%, smaller than the maximum BCE.TO drawdown of -50.02%. Use the drawdown chart below to compare losses from any high point for CU.TO and BCE.TO.
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Drawdown Indicators
| CU.TO | BCE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.15% | -50.02% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -10.82% | +3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.02% | -43.81% | +23.79% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -50.02% | +22.34% |
Max Drawdown (10Y)Largest decline over 10 years | -40.15% | -50.02% | +9.87% |
Current DrawdownCurrent decline from peak | -0.96% | -39.17% | +38.21% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -11.54% | +1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 5.66% | -3.56% |
Volatility
CU.TO vs. BCE.TO - Volatility Comparison
The current volatility for Canadian Utilities Limited (CU.TO) is 4.33%, while BCE Inc. (BCE.TO) has a volatility of 4.92%. This indicates that CU.TO experiences smaller price fluctuations and is considered to be less risky than BCE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CU.TO | BCE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.92% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 12.16% | -1.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 17.52% | -4.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 17.15% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 17.51% | +0.91% |
Dividends
CU.TO vs. BCE.TO - Dividend Comparison
CU.TO's dividend yield for the trailing twelve months is around 3.64%, less than BCE.TO's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCE.TO BCE Inc. | 5.18% | 7.06% | 11.97% | 7.42% | 6.19% | 5.32% | 6.12% | 5.27% | 5.60% | 4.75% | 4.70% | 4.86% |
CU.TO Canadian Utilities Limited | 3.64% | 4.28% | 5.20% | 5.63% | 4.85% | 4.79% | 5.60% | 4.32% | 5.02% | 3.82% | 3.59% | 3.69% |
Financials
CU.TO vs. BCE.TO - Financials Comparison
This section allows you to compare key financial metrics between Canadian Utilities Limited and BCE Inc.. 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
CU.TO vs. BCE.TO - Profitability Comparison
CU.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a gross profit of 474.00M and revenue of 1.08B. Therefore, the gross margin over that period was 43.7%.
BCE.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported a gross profit of 1.85B and revenue of 6.17B. Therefore, the gross margin over that period was 30.0%.
CU.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported an operating income of 393.00M and revenue of 1.08B, resulting in an operating margin of 36.3%.
BCE.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported an operating income of 1.28B and revenue of 6.17B, resulting in an operating margin of 20.7%.
CU.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a net income of 224.00M and revenue of 1.08B, resulting in a net margin of 20.7%.
BCE.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported a net income of 653.00M and revenue of 6.17B, resulting in a net margin of 10.6%.
Frequently Asked Questions
CU.TO and BCE.TO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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