NA.TO vs. MUFG
NA.TO (National Bank of Canada) and MUFG (Mitsubishi UFJ Financial Group, Inc.) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, NA.TO returned 21.05%/yr vs 18.77%/yr for MUFG. At a 0.25 correlation, their price movements are largely independent.
Performance
NA.TO vs. MUFG - Performance Comparison
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Different Trading Currencies
NA.TO is traded in CAD, while MUFG is traded in USD. To make them comparable, the MUFG values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NA.TO achieves a 18.69% return, which is significantly lower than MUFG's 28.16% return. Over the past 10 years, NA.TO has outperformed MUFG with an annualized return of 21.05%, while MUFG has yielded a comparatively lower 18.77% annualized return.
NA.TO
- 1D
- 1.72%
- 1M
- -0.50%
- YTD
- 18.69%
- 6M
- 19.75%
- 1Y
- 56.06%
- 3Y*
- 33.37%
- 5Y*
- 21.58%
- 10Y*
- 21.05%
MUFG
- 1D
- 3.19%
- 1M
- 15.31%
- YTD
- 28.16%
- 6M
- 24.73%
- 1Y
- 50.20%
- 3Y*
- 48.09%
- 5Y*
- 35.83%
- 10Y*
- 18.77%
NA.TO vs. MUFG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NA.TO National Bank of Canada | 18.69% | 36.15% | 35.91% | 15.53% | -1.45% | 39.02% | 4.01% | 34.04% | -6.92% | 19.77% |
MUFG Mitsubishi UFJ Financial Group, Inc. | 28.16% | 33.54% | 52.13% | 30.56% | 36.45% | 24.57% | -17.41% | 6.02% | -27.33% | 13.28% |
Correlation
The correlation between NA.TO and MUFG is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2009 | 0.25 |
Fundamentals
NA.TO:
CA$79.64B
MUFG:
$224.27B
NA.TO:
CA$11.69
MUFG:
$214.15
NA.TO:
17.40
MUFG:
0.09
NA.TO:
4.87
MUFG:
0.00
NA.TO:
2.94
MUFG:
0.02
NA.TO:
2.57
MUFG:
0.01
NA.TO:
CA$27.33B
MUFG:
$13.21T
NA.TO:
CA$14.01B
MUFG:
$7.24T
NA.TO:
CA$6.37B
MUFG:
$3.34T
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Return for Risk
NA.TO vs. MUFG — Risk / Return Rank
NA.TO
MUFG
NA.TO vs. MUFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Bank of Canada (NA.TO) and Mitsubishi UFJ Financial Group, Inc. (MUFG). 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.
| NA.TO | MUFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.33 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 6.27 | 3.07 | +3.20 |
| Martin ratioReturn relative to average drawdown | 21.32 | 8.64 | +12.69 |
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
| NA.TO | MUFG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.53 | 1.99 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 1.30 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.01 | 0.71 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.41 | +0.19 |
Drawdowns
NA.TO vs. MUFG - Drawdown Comparison
The maximum NA.TO drawdown since its inception was -58.47%, which is greater than MUFG's maximum drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for NA.TO and MUFG.
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Drawdown Indicators
| NA.TO | MUFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.47% | -51.26% | -7.21% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -16.43% | +7.44% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -26.99% | +4.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.58% | -26.99% | +4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -48.22% | -51.26% | +3.04% |
Current DrawdownCurrent decline from peak | -4.66% | 0.00% | -4.66% |
Average DrawdownAverage peak-to-trough decline | -10.64% | -19.89% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 5.83% | -3.19% |
Volatility
NA.TO vs. MUFG - Volatility Comparison
The current volatility for National Bank of Canada (NA.TO) is 6.18%, while Mitsubishi UFJ Financial Group, Inc. (MUFG) has a volatility of 6.92%. This indicates that NA.TO experiences smaller price fluctuations and is considered to be less risky than MUFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NA.TO | MUFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 6.92% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.83% | 18.93% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 25.41% | -9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 27.79% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.98% | 26.68% | -5.70% |
Dividends
NA.TO vs. MUFG - Dividend Comparison
NA.TO's dividend yield for the trailing twelve months is around 2.38%, more than MUFG's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUFG Mitsubishi UFJ Financial Group, Inc. | 1.12% | 3.12% | 2.50% | 2.90% | 3.36% | 2.18% | 2.62% | 0.00% | 0.00% | 2.20% | 2.70% | 2.34% |
NA.TO National Bank of Canada | 2.38% | 2.75% | 4.17% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% |
Financials
NA.TO vs. MUFG - Financials Comparison
This section allows you to compare key financial metrics between National Bank of Canada and Mitsubishi UFJ Financial Group, 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
NA.TO vs. MUFG - Profitability Comparison
NA.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported a gross profit of 3.66B and revenue of 8.07B. Therefore, the gross margin over that period was 45.4%.
MUFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported a gross profit of 2.09T and revenue of 3.59T. Therefore, the gross margin over that period was 58.3%.
NA.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported an operating income of 1.62B and revenue of 8.07B, resulting in an operating margin of 20.0%.
MUFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported an operating income of 841.39B and revenue of 3.59T, resulting in an operating margin of 23.4%.
NA.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank of Canada reported a net income of 1.23B and revenue of 8.07B, resulting in a net margin of 15.3%.
MUFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mitsubishi UFJ Financial Group, Inc. reported a net income of 624.99B and revenue of 3.59T, resulting in a net margin of 17.4%.
Frequently Asked Questions
NA.TO and MUFG have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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