FTS vs. BCE.TO
FTS (Fortis Inc) and BCE.TO (BCE Inc.) are both stocks. FTS operates in Utilities - Regulated Electric (Utilities), while BCE.TO operates in Telecom Services (Communication Services). Over the past 10 years, FTS returned 10.07%/yr vs -0.38%/yr for BCE.TO. At a 0.33 correlation, their price movements are largely independent.
Performance
FTS vs. BCE.TO - Performance Comparison
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Different Trading Currencies
FTS is traded in USD, while BCE.TO is traded in CAD. To make them comparable, the BCE.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FTS achieves a 11.40% return, which is significantly higher than BCE.TO's 4.08% return. Over the past 10 years, FTS has outperformed BCE.TO with an annualized return of 10.07%, while BCE.TO has yielded a comparatively lower -0.38% annualized return.
FTS
- 1D
- 0.87%
- 1M
- 2.11%
- YTD
- 11.40%
- 6M
- 13.52%
- 1Y
- 22.71%
- 3Y*
- 14.70%
- 5Y*
- 8.43%
- 10Y*
- 10.07%
BCE.TO
- 1D
- -0.05%
- 1M
- 0.71%
- YTD
- 4.08%
- 6M
- 6.51%
- 1Y
- 13.35%
- 3Y*
- -12.71%
- 5Y*
- -7.54%
- 10Y*
- -0.38%
FTS vs. BCE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTS Fortis Inc | 11.40% | 29.62% | 5.81% | 7.38% | -13.69% | 22.73% | 1.91% | 29.00% | -5.86% | 24.45% |
BCE.TO BCE Inc. | 4.08% | 10.39% | -35.49% | -3.93% | -10.03% | 27.96% | -1.59% | 22.43% | -12.97% | 17.11% |
Correlation
The correlation between FTS and BCE.TO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.33 |
The correlation between FTS and BCE.TO shifts across timeframes, from 0.24 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
FTS:
$28.94B
BCE.TO:
CA$32.05B
FTS:
CA$3.40
BCE.TO:
CA$6.92
FTS:
23.41
BCE.TO:
4.97
FTS:
3.41
BCE.TO:
0.01
FTS:
3.45
BCE.TO:
1.30
FTS:
1.77
BCE.TO:
1.59
FTS:
CA$12.22B
BCE.TO:
CA$24.71B
FTS:
CA$7.44B
BCE.TO:
CA$14.56B
FTS:
CA$5.80B
BCE.TO:
CA$14.72B
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Return for Risk
FTS vs. BCE.TO — Risk / Return Rank
FTS
BCE.TO
FTS vs. BCE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fortis Inc (FTS) 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.
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.
| FTS | BCE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.14 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 1.12 | +2.54 |
| Martin ratioReturn relative to average drawdown | 9.05 | 2.24 | +6.81 |
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Drawdowns
FTS vs. BCE.TO - Drawdown Comparison
The maximum FTS drawdown since its inception was -34.36%, smaller than the maximum BCE.TO drawdown of -60.85%. Use the drawdown chart below to compare losses from any high point for FTS and BCE.TO.
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Drawdown Indicators
| FTS | BCE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.36% | -60.85% | +26.49% |
Max Drawdown (1Y)Largest decline over 1 year | -6.23% | -11.97% | +5.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.46% | -47.00% | +32.54% |
Max Drawdown (5Y)Largest decline over 5 years | -29.96% | -55.35% | +25.39% |
Max Drawdown (10Y)Largest decline over 10 years | -34.36% | -55.35% | +20.99% |
Current DrawdownCurrent decline from peak | -2.01% | -44.25% | +42.24% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -14.67% | +7.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 5.97% | -3.45% |
Volatility
FTS vs. BCE.TO - Volatility Comparison
The current volatility for Fortis Inc (FTS) is 4.93%, while BCE Inc. (BCE.TO) has a volatility of 5.36%. This indicates that FTS 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
| FTS | BCE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.93% | 5.36% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.99% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 18.09% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.31% | 18.40% | -2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 18.63% | +0.31% |
Dividends
FTS vs. BCE.TO - Dividend Comparison
FTS's dividend yield for the trailing twelve months is around 3.23%, less than BCE.TO's 5.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCE.TO BCE Inc. | 5.09% | 7.06% | 11.97% | 7.42% | 6.19% | 5.32% | 6.12% | 5.27% | 5.60% | 4.75% | 4.70% | 4.86% |
FTS Fortis Inc | 3.23% | 3.42% | 4.62% | 4.50% | 4.48% | 3.40% | 3.54% | 3.31% | 3.35% | 4.43% | 4.94% | 0.00% |
Financials
FTS vs. BCE.TO - Financials Comparison
This section allows you to compare key financial metrics between Fortis Inc 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
FTS vs. BCE.TO - Profitability Comparison
FTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a gross profit of 935.41M and revenue of 3.39B. Therefore, the gross margin over that period was 27.6%.
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%.
FTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported an operating income of 935.41M and revenue of 3.39B, resulting in an operating margin of 27.6%.
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%.
FTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fortis Inc reported a net income of 524.35M and revenue of 3.39B, resulting in a net margin of 15.5%.
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
FTS and BCE.TO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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