FFH.TO vs. BMO.TO
FFH.TO (Fairfax Financial Holdings Limited) and BMO.TO (Bank of Montreal) are both stocks. Both are in the Financial Services sector — FFH.TO in Insurance - Property & Casualty, BMO.TO in Banks - Diversified. Over the past 10 years, FFH.TO returned 15.19%/yr vs 15.95%/yr for BMO.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
FFH.TO vs. BMO.TO - Performance Comparison
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Returns By Period
In the year-to-date period, FFH.TO achieves a -12.76% return, which is significantly lower than BMO.TO's 34.22% return. Over the past 10 years, FFH.TO has underperformed BMO.TO with an annualized return of 15.19%, while BMO.TO has yielded a comparatively higher 15.95% annualized return.
FFH.TO
- 1D
- -0.71%
- 1M
- 2.27%
- YTD
- -12.76%
- 6M
- -6.84%
- 1Y
- -2.26%
- 3Y*
- 33.68%
- 5Y*
- 34.18%
- 10Y*
- 15.19%
BMO.TO
- 1D
- 1.21%
- 1M
- 14.20%
- YTD
- 34.22%
- 6M
- 31.97%
- 1Y
- 65.34%
- 3Y*
- 31.53%
- 5Y*
- 18.07%
- 10Y*
- 15.95%
FFH.TO vs. BMO.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FFH.TO Fairfax Financial Holdings Limited | -12.76% | 32.23% | 66.26% | 54.96% | 31.51% | 47.26% | -27.31% | 3.64% | -8.51% | 5.43% |
BMO.TO Bank of Montreal | 34.22% | 33.33% | 11.74% | 12.19% | -6.19% | 45.89% | 1.29% | 17.51% | -7.94% | 7.99% |
Correlation
The correlation between FFH.TO and BMO.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.20 |
The correlation between FFH.TO and BMO.TO shifts across timeframes, from 0.07 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
FFH.TO:
CA$50.62B
BMO.TO:
CA$165.75B
FFH.TO:
$205.21
BMO.TO:
CA$13.65
FFH.TO:
7.89
BMO.TO:
17.23
FFH.TO:
0.13
BMO.TO:
0.79
FFH.TO:
1.22
BMO.TO:
2.18
FFH.TO:
1.40
BMO.TO:
2.13
FFH.TO:
$29.34B
BMO.TO:
CA$77.04B
FFH.TO:
$6.18B
BMO.TO:
CA$34.47B
FFH.TO:
$7.83B
BMO.TO:
CA$14.20B
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Return for Risk
FFH.TO vs. BMO.TO — Risk / Return Rank
FFH.TO
BMO.TO
FFH.TO vs. BMO.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fairfax Financial Holdings Limited (FFH.TO) and Bank of Montreal (BMO.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.
| FFH.TO | BMO.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -4.73 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.62 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | 6.49 | -6.61 |
| Martin ratioReturn relative to average drawdown | -0.27 | 23.72 | -23.99 |
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Drawdowns
FFH.TO vs. BMO.TO - Drawdown Comparison
The maximum FFH.TO drawdown since its inception was -56.23%, smaller than the maximum BMO.TO drawdown of -62.39%. Use the drawdown chart below to compare losses from any high point for FFH.TO and BMO.TO.
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Drawdown Indicators
| FFH.TO | BMO.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.23% | -62.39% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -18.88% | -10.12% | -8.76% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -16.57% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -27.47% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | -56.23% | -45.59% | -10.64% |
Current DrawdownCurrent decline from peak | -13.04% | 0.00% | -13.04% |
Average DrawdownAverage peak-to-trough decline | -11.53% | -9.03% | -2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.44% | 2.78% | +5.66% |
Volatility
FFH.TO vs. BMO.TO - Volatility Comparison
Fairfax Financial Holdings Limited (FFH.TO) has a higher volatility of 5.99% compared to Bank of Montreal (BMO.TO) at 4.56%. This indicates that FFH.TO's price experiences larger fluctuations and is considered to be riskier than BMO.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FFH.TO | BMO.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.99% | 4.56% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 14.51% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.63% | 17.79% | +4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.99% | 18.36% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.56% | 21.00% | +4.56% |
Dividends
FFH.TO vs. BMO.TO - Dividend Comparison
FFH.TO's dividend yield for the trailing twelve months is around 0.92%, less than BMO.TO's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO.TO Bank of Montreal | 2.81% | 3.61% | 4.39% | 4.42% | 4.44% | 3.11% | 4.38% | 4.03% | 4.24% | 3.54% | 3.52% | 4.15% |
FFH.TO Fairfax Financial Holdings Limited | 0.92% | 0.83% | 1.01% | 1.10% | 1.56% | 2.03% | 3.01% | 2.18% | 2.07% | 1.95% | 2.24% | 1.82% |
Financials
FFH.TO vs. BMO.TO - Financials Comparison
This section allows you to compare key financial metrics between Fairfax Financial Holdings Limited and Bank of Montreal. 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
FFH.TO vs. BMO.TO - Profitability Comparison
FFH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported a gross profit of 986.70M and revenue of 6.41B. Therefore, the gross margin over that period was 15.4%.
BMO.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a gross profit of 8.79B and revenue of 19.27B. Therefore, the gross margin over that period was 45.6%.
FFH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported an operating income of 1.04B and revenue of 6.41B, resulting in an operating margin of 16.2%.
BMO.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported an operating income of 3.50B and revenue of 19.27B, resulting in an operating margin of 18.2%.
FFH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fairfax Financial Holdings Limited reported a net income of 695.70M and revenue of 6.41B, resulting in a net margin of 10.9%.
BMO.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of Montreal reported a net income of 2.63B and revenue of 19.27B, resulting in a net margin of 13.6%.
Frequently Asked Questions
FFH.TO and BMO.TO have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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