HLF.TO vs. BNS.TO
HLF.TO (High Liner Foods Incorporated) and BNS.TO (The Bank of Nova Scotia) are both stocks. HLF.TO operates in Packaged Foods (Consumer Defensive), while BNS.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, HLF.TO returned 1.14%/yr vs 11.17%/yr for BNS.TO. At a 0.08 correlation, their price movements are largely independent.
Performance
HLF.TO vs. BNS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, HLF.TO achieves a -0.48% return, which is significantly lower than BNS.TO's 14.23% return. Over the past 10 years, HLF.TO has underperformed BNS.TO with an annualized return of 1.14%, while BNS.TO has yielded a comparatively higher 11.17% annualized return.
HLF.TO
- 1D
- -0.35%
- 1M
- 5.61%
- YTD
- -0.48%
- 6M
- 8.62%
- 1Y
- -14.90%
- 3Y*
- 4.15%
- 5Y*
- 5.70%
- 10Y*
- 1.14%
BNS.TO
- 1D
- 1.54%
- 1M
- 8.38%
- YTD
- 14.23%
- 6M
- 17.60%
- 1Y
- 62.43%
- 3Y*
- 26.94%
- 5Y*
- 13.02%
- 10Y*
- 11.17%
HLF.TO vs. BNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLF.TO High Liner Foods Incorporated | -0.48% | -3.18% | 41.40% | -10.45% | -4.56% | 37.44% | 38.46% | 11.24% | -44.74% | -22.97% |
BNS.TO The Bank of Nova Scotia | 14.23% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
Correlation
The correlation between HLF.TO and BNS.TO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 1989 | 0.08 |
The correlation between HLF.TO and BNS.TO shifts across timeframes, from 0.08 (all time) to 0.21 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
HLF.TO:
CA$419.52M
BNS.TO:
CA$139.35B
HLF.TO:
CA$0.99
BNS.TO:
CA$7.57
HLF.TO:
14.59
BNS.TO:
14.94
HLF.TO:
0.39
BNS.TO:
2.34
HLF.TO:
1.02
BNS.TO:
1.80
HLF.TO:
CA$1.09B
BNS.TO:
CA$61.04B
HLF.TO:
CA$206.83M
BNS.TO:
CA$33.58B
HLF.TO:
CA$83.65M
BNS.TO:
CA$13.09B
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Return for Risk
HLF.TO vs. BNS.TO — Risk / Return Rank
HLF.TO
BNS.TO
HLF.TO vs. BNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for High Liner Foods Incorporated (HLF.TO) and The Bank of Nova Scotia (BNS.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.
| HLF.TO | BNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.77 | ||
| Sortino ratioReturn per unit of downside risk | -6.53 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.83 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 5.47 | -5.97 |
| Martin ratioReturn relative to average drawdown | -0.86 | 21.21 | -22.07 |
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
| HLF.TO | BNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 4.18 | -4.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.80 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.60 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.65 | -0.60 |
Drawdowns
HLF.TO vs. BNS.TO - Drawdown Comparison
The maximum HLF.TO drawdown since its inception was -97.14%, which is greater than BNS.TO's maximum drawdown of -52.27%. Use the drawdown chart below to compare losses from any high point for HLF.TO and BNS.TO.
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Drawdown Indicators
| HLF.TO | BNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.14% | -52.27% | -44.87% |
Max Drawdown (1Y)Largest decline over 1 year | -29.71% | -11.48% | -18.23% |
Max Drawdown (3Y)Largest decline over 3 years | -29.96% | -18.12% | -11.84% |
Max Drawdown (5Y)Largest decline over 5 years | -34.69% | -34.87% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | -76.96% | -38.95% | -38.01% |
Current DrawdownCurrent decline from peak | -22.59% | 0.00% | -22.59% |
Average DrawdownAverage peak-to-trough decline | -54.03% | -8.79% | -45.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.43% | 2.95% | +14.48% |
Volatility
HLF.TO vs. BNS.TO - Volatility Comparison
The current volatility for High Liner Foods Incorporated (HLF.TO) is 4.92%, while The Bank of Nova Scotia (BNS.TO) has a volatility of 5.19%. This indicates that HLF.TO experiences smaller price fluctuations and is considered to be less risky than BNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLF.TO | BNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 5.19% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 11.59% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.60% | 15.00% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.36% | 16.32% | +12.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.11% | 18.80% | +17.31% |
Dividends
HLF.TO vs. BNS.TO - Dividend Comparison
HLF.TO's dividend yield for the trailing twelve months is around 4.83%, more than BNS.TO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 3.89% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
HLF.TO High Liner Foods Incorporated | 4.83% | 4.63% | 3.88% | 4.57% | 3.12% | 2.08% | 1.98% | 3.58% | 7.57% | 3.81% | 2.61% | 2.99% |
Financials
HLF.TO vs. BNS.TO - Financials Comparison
This section allows you to compare key financial metrics between High Liner Foods Incorporated 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
HLF.TO vs. BNS.TO - Profitability Comparison
HLF.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, High Liner Foods Incorporated reported a gross profit of 63.27M and revenue of 329.43M. Therefore, the gross margin over that period was 19.2%.
BNS.TO - 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 17.19B. Therefore, the gross margin over that period was 48.9%.
HLF.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, High Liner Foods Incorporated reported an operating income of 21.33M and revenue of 329.43M, resulting in an operating margin of 6.5%.
BNS.TO - 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 17.19B, resulting in an operating margin of 20.0%.
HLF.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, High Liner Foods Incorporated reported a net income of 7.83M and revenue of 329.43M, resulting in a net margin of 2.4%.
BNS.TO - 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 2.60B and revenue of 17.19B, resulting in a net margin of 15.1%.
Frequently Asked Questions
HLF.TO and BNS.TO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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