POW.TO vs. BNS.TO
POW.TO (Power Corporation of Canada) and BNS.TO (The Bank of Nova Scotia) are both stocks. Both are in the Financial Services sector — POW.TO in Insurance - Life, BNS.TO in Banks - Diversified. Over the past 10 years, POW.TO returned 17.87%/yr vs 11.81%/yr for BNS.TO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
POW.TO vs. BNS.TO - Performance Comparison
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Returns By Period
In the year-to-date period, POW.TO achieves a 19.95% return, which is significantly higher than BNS.TO's 18.59% return. Over the past 10 years, POW.TO has outperformed BNS.TO with an annualized return of 17.87%, while BNS.TO has yielded a comparatively lower 11.81% annualized return.
POW.TO
- 1D
- 1.29%
- 1M
- 8.60%
- YTD
- 19.95%
- 6M
- 20.68%
- 1Y
- 72.49%
- 3Y*
- 42.38%
- 5Y*
- 22.99%
- 10Y*
- 17.87%
BNS.TO
- 1D
- 1.87%
- 1M
- 10.62%
- YTD
- 18.59%
- 6M
- 19.85%
- 1Y
- 67.14%
- 3Y*
- 28.19%
- 5Y*
- 13.94%
- 10Y*
- 11.81%
POW.TO vs. BNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
POW.TO Power Corporation of Canada | 19.95% | 69.73% | 25.05% | 26.19% | -19.21% | 49.93% | -4.91% | 43.97% | -20.10% | 12.78% |
BNS.TO The Bank of Nova Scotia | 18.59% | 38.75% | 27.51% | 3.68% | -22.84% | 37.98% | -0.30% | 11.80% | -12.26% | 12.80% |
Correlation
The correlation between POW.TO and BNS.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.53 |
Over the past year, the correlation between POW.TO and BNS.TO has dropped to 0.32 - well below their long-term average of 0.53, suggesting their price drivers have been diverging.
Fundamentals
POW.TO:
CA$55.32B
BNS.TO:
CA$144.67B
POW.TO:
CA$4.29
BNS.TO:
CA$7.57
POW.TO:
20.21
BNS.TO:
15.51
POW.TO:
1.60
BNS.TO:
2.43
POW.TO:
3.96
BNS.TO:
1.87
POW.TO:
CA$34.88B
BNS.TO:
CA$61.04B
POW.TO:
CA$30.59B
BNS.TO:
CA$33.58B
POW.TO:
CA$6.51B
BNS.TO:
CA$13.09B
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Return for Risk
POW.TO vs. BNS.TO — Risk / Return Rank
POW.TO
BNS.TO
POW.TO vs. BNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Power Corporation of Canada (POW.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.
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.
| POW.TO | BNS.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.87 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 5.14 | 5.85 | -0.72 |
| Martin ratioReturn relative to average drawdown | 15.64 | 22.73 | -7.08 |
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Drawdowns
POW.TO vs. BNS.TO - Drawdown Comparison
The maximum POW.TO drawdown since its inception was -62.40%, 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 POW.TO and BNS.TO.
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Drawdown Indicators
| POW.TO | BNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.40% | -52.27% | -10.13% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -11.48% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.10% | -18.12% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -34.87% | +8.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.16% | -38.95% | -10.21% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -13.14% | -9.24% | -3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.70% | 2.95% | +1.75% |
Volatility
POW.TO vs. BNS.TO - Volatility Comparison
Power Corporation of Canada (POW.TO) has a higher volatility of 5.85% compared to The Bank of Nova Scotia (BNS.TO) at 4.70%. This indicates that POW.TO's price experiences larger fluctuations and is considered to be riskier 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
| POW.TO | BNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 4.70% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.47% | 11.76% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.58% | 15.13% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 16.35% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.07% | 18.80% | +4.27% |
Dividends
POW.TO vs. BNS.TO - Dividend Comparison
POW.TO's dividend yield for the trailing twelve months is around 2.89%, less than BNS.TO's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNS.TO The Bank of Nova Scotia | 3.75% | 4.27% | 5.49% | 6.48% | 4.61% | 5.14% | 5.23% | 3.60% | 4.91% | 3.82% | 3.91% | 6.11% |
POW.TO Power Corporation of Canada | 2.89% | 3.36% | 5.02% | 5.54% | 6.22% | 4.40% | 7.51% | 4.77% | 6.13% | 4.36% | 4.38% | 4.23% |
Financials
POW.TO vs. BNS.TO - Financials Comparison
This section allows you to compare key financial metrics between Power Corporation of Canada 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
POW.TO vs. BNS.TO - Profitability Comparison
POW.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Power Corporation of Canada reported a gross profit of 5.31B and revenue of 6.60B. Therefore, the gross margin over that period was 80.5%.
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%.
POW.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Power Corporation of Canada reported an operating income of 1.76B and revenue of 6.60B, resulting in an operating margin of 26.7%.
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%.
POW.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Power Corporation of Canada reported a net income of 840.00M and revenue of 6.60B, resulting in a net margin of 12.7%.
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
POW.TO and BNS.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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