DEC.L vs. BNS
DEC.L (Diversified Energy Company plc) and BNS (The Bank of Nova Scotia) are both stocks. DEC.L operates in Oil & Gas E&P (Energy), while BNS operates in Banks - Diversified (Financial Services). Over the past 5 years, DEC.L returned -9.49%/yr vs 12.72%/yr for BNS. At a 0.11 correlation, their price movements are largely independent.
Performance
DEC.L vs. BNS - Performance Comparison
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Different Trading Currencies
DEC.L is traded in GBp, while BNS is traded in USD. To make them comparable, the BNS values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DEC.L achieves a -0.24% return, which is significantly lower than BNS's 17.11% return.
DEC.L
- 1D
- -3.56%
- 1M
- -9.31%
- YTD
- -0.24%
- 6M
- -1.16%
- 1Y
- 7.92%
- 3Y*
- -11.49%
- 5Y*
- -9.49%
- 10Y*
- —
BNS
- 1D
- 1.66%
- 1M
- 8.59%
- YTD
- 17.11%
- 6M
- 17.70%
- 1Y
- 64.40%
- 3Y*
- 24.54%
- 5Y*
- 12.72%
- 10Y*
- 12.18%
DEC.L vs. BNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEC.L Diversified Energy Company plc | -0.24% | -13.52% | 33.99% | -51.82% | 11.95% | -7.26% | 6.57% | -8.61% | 48.06% | 17.61% |
BNS The Bank of Nova Scotia | 17.11% | 34.77% | 19.61% | 3.10% | -19.50% | 41.95% | -1.29% | 13.02% | -13.43% | 5.33% |
Correlation
The correlation between DEC.L and BNS is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2017 | 0.11 |
The correlation between DEC.L and BNS shifts across timeframes, from -0.16 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DEC.L:
£765.64M
BNS:
$76.13B
DEC.L:
$3.52
BNS:
CA$8.23
DEC.L:
3.91
BNS:
14.26
DEC.L:
0.41
BNS:
1.93
DEC.L:
1.04
BNS:
1.38
DEC.L:
$2.40B
BNS:
CA$70.57B
DEC.L:
$520.54M
BNS:
CA$33.43B
DEC.L:
$874.38M
BNS:
CA$13.61B
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Return for Risk
DEC.L vs. BNS — Risk / Return Rank
DEC.L
BNS
DEC.L vs. BNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Diversified Energy Company plc (DEC.L) and The Bank of Nova Scotia (BNS). 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.
| DEC.L | BNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.95 | ||
| Sortino ratioReturn per unit of downside risk | -5.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.77 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 5.96 | -5.66 |
| Martin ratioReturn relative to average drawdown | 0.59 | 22.77 | -22.18 |
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Drawdowns
DEC.L vs. BNS - Drawdown Comparison
The maximum DEC.L drawdown since its inception was -70.01%, which is greater than BNS's maximum drawdown of -47.57%. Use the drawdown chart below to compare losses from any high point for DEC.L and BNS.
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Drawdown Indicators
| DEC.L | BNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -47.57% | -22.44% |
Max Drawdown (1Y)Largest decline over 1 year | -25.65% | -10.95% | -14.70% |
Max Drawdown (3Y)Largest decline over 3 years | -55.85% | -20.16% | -35.69% |
Max Drawdown (5Y)Largest decline over 5 years | -70.01% | -33.49% | -36.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | -54.25% | 0.00% | -54.25% |
Average DrawdownAverage peak-to-trough decline | -27.57% | -10.35% | -17.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.39% | 2.86% | +10.53% |
Volatility
DEC.L vs. BNS - Volatility Comparison
Diversified Energy Company plc (DEC.L) has a higher volatility of 10.81% compared to The Bank of Nova Scotia (BNS) at 4.82%. This indicates that DEC.L's price experiences larger fluctuations and is considered to be riskier than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEC.L | BNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 4.82% | +5.99% |
Volatility (6M)Calculated over the trailing 6-month period | 31.76% | 11.85% | +19.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.95% | 15.73% | +24.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.71% | 17.47% | +21.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.40% | 20.97% | +16.43% |
Dividends
DEC.L vs. BNS - Dividend Comparison
DEC.L's dividend yield for the trailing twelve months is around 8.37%, more than BNS's 3.79% 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% |
DEC.L Diversified Energy Company plc | 8.37% | 8.15% | 7.96% | 0.93% | 0.44% | 0.41% | 0.39% | 0.42% | 0.25% | 0.17% | 0.00% | 0.00% |
Financials
DEC.L vs. BNS - Financials Comparison
This section allows you to compare key financial metrics between Diversified Energy Company plc and The Bank of Nova Scotia. 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
DEC.L vs. BNS - Profitability Comparison
DEC.L - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Diversified Energy Company plc reported a gross profit of -21.38M and revenue of 871.15M. Therefore, the gross margin over that period was -2.5%.
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%.
DEC.L - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Diversified Energy Company plc reported an operating income of 110.45M and revenue of 871.15M, resulting in an operating margin of 12.7%.
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%.
DEC.L - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Diversified Energy Company plc reported a net income of 375.18M and revenue of 871.15M, resulting in a net margin of 43.1%.
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%.
Frequently Asked Questions
DEC.L and BNS have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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