EIT-UN.TO vs. BBD-A.TO

Last updated Jun 9, 2026

EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe, while BBD-A.TO (Bombardier Inc) is a stock. Over the past 10 years, EIT-UN.TO returned 15.69%/yr vs 18.72%/yr for BBD-A.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

EIT-UN.TO vs. BBD-A.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Canoe EIT Income Fund (EIT-UN.TO) and Bombardier Inc (BBD-A.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIT-UN.TO achieves a 13.19% return, which is significantly lower than BBD-A.TO's 30.82% return. Over the past 10 years, EIT-UN.TO has underperformed BBD-A.TO with an annualized return of 15.69%, while BBD-A.TO has yielded a comparatively higher 18.72% annualized return.

EIT-UN.TO

• 1D: 0.12%
• 1M: 1.76%
• YTD: 13.19%
• 6M: 14.28%
• 1Y: 20.10%
• 3Y*: 20.41%
• 5Y*: 16.99%
• 10Y*: 15.69%

BBD-A.TO

• 1D: -0.15%
• 1M: 4.33%
• YTD: 30.82%
• 6M: 32.36%
• 1Y: 202.38%
• 3Y*: 72.33%
• 5Y*: 56.93%
• 10Y*: 18.72%

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

EIT-UN.TO vs. BBD-A.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIT-UN.TO Canoe EIT Income Fund	13.19%	11.81%	27.99%	5.94%	10.49%	49.02%	7.74%	12.45%	-3.05%	9.56%
BBD-A.TO Bombardier Inc	30.82%	139.44%	81.98%	0.96%	22.36%	110.98%	-57.73%	-6.73%	-31.80%	30.90%

Correlation

The correlation between EIT-UN.TO and BBD-A.TO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 10, 2006	0.28

Return for Risk

EIT-UN.TO vs. BBD-A.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIT-UN.TO

EIT-UN.TO Risk / Return Rank: 71
EIT-UN.TO Sharpe Ratio Rank: 67
EIT-UN.TO Sortino Ratio Rank: 74
EIT-UN.TO Omega Ratio Rank: 65
EIT-UN.TO Calmar Ratio Rank: 78
EIT-UN.TO Martin Ratio Rank: 72

BBD-A.TO

BBD-A.TO Risk / Return Rank: 97
BBD-A.TO Sharpe Ratio Rank: 98
BBD-A.TO Sortino Ratio Rank: 97
BBD-A.TO Omega Ratio Rank: 95
BBD-A.TO Calmar Ratio Rank: 98
BBD-A.TO Martin Ratio Rank: 98

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.

EIT-UN.TO vs. BBD-A.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canoe EIT Income Fund (EIT-UN.TO) and Bombardier Inc (BBD-A.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.

	EIT-UN.TO	BBD-A.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.29	3.93	-1.64
Sortino ratio: Return per unit of downside risk	3.46	4.42	-0.96
Omega ratio: Gain probability vs. loss probability	1.42	1.57	-0.14
Calmar ratio: Return relative to maximum drawdown	3.40	10.97	-7.56
Martin ratio: Return relative to average drawdown	13.03	33.02	-19.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIT-UN.TO vs. BBD-A.TO - Sharpe Ratio Comparison

The current EIT-UN.TO Sharpe Ratio is 2.29, which is lower than the BBD-A.TO Sharpe Ratio of 3.93. The chart below compares the historical Sharpe Ratios of EIT-UN.TO and BBD-A.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.

Sharpe Ratios by Period

	EIT-UN.TO	BBD-A.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	3.93	-1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	1.08	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.34	+0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.13	+0.32

Drawdowns

EIT-UN.TO vs. BBD-A.TO - Drawdown Comparison

The maximum EIT-UN.TO drawdown since its inception was -63.56%, smaller than the maximum BBD-A.TO drawdown of -95.71%. Use the drawdown chart below to compare losses from any high point for EIT-UN.TO and BBD-A.TO.

Drawdown Indicators

	EIT-UN.TO	BBD-A.TO	Difference
Max Drawdown Largest peak-to-trough decline	-63.56%	-95.71%	+32.15%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-18.57%	+12.64%
Max Drawdown (3Y) Largest decline over 3 years	-9.45%	-39.01%	+29.56%
Max Drawdown (5Y) Largest decline over 5 years	-15.57%	-61.30%	+45.73%
Max Drawdown (10Y) Largest decline over 10 years	-50.36%	-93.09%	+42.73%
Current Drawdown Current decline from peak	-0.52%	-6.40%	+5.88%
Average Drawdown Average peak-to-trough decline	-8.81%	-56.36%	+47.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	6.16%	-4.61%

Volatility

EIT-UN.TO vs. BBD-A.TO - Volatility Comparison

The current volatility for Canoe EIT Income Fund (EIT-UN.TO) is 2.55%, while Bombardier Inc (BBD-A.TO) has a volatility of 12.80%. This indicates that EIT-UN.TO experiences smaller price fluctuations and is considered to be less risky than BBD-A.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIT-UN.TO	BBD-A.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.55%	12.80%	-10.25%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	40.73%	-33.20%
Volatility (1Y) Calculated over the trailing 1-year period	8.82%	51.96%	-43.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.22%	53.08%	-40.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	56.22%	-38.69%

Dividends

EIT-UN.TO vs. BBD-A.TO - Dividend Comparison

EIT-UN.TO's dividend yield for the trailing twelve months is around 6.95%, while BBD-A.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBD-A.TO Bombardier 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%
EIT-UN.TO Canoe EIT Income Fund	6.95%	7.64%	7.90%	9.29%	8.97%	9.08%	12.20%	11.53%	11.65%	10.16%	10.06%	10.71%

Frequently Asked Questions

Can I hold both EIT-UN.TO and BBD-A.TO in my portfolio?

EIT-UN.TO and BBD-A.TO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.