RBC vs. BNS

Last updated Jun 3, 2026

RBC (RBC Bearings Incorporated) and BNS (The Bank of Nova Scotia) are both stocks. RBC operates in Tools & Accessories (Industrials), while BNS operates in Banks - Diversified (Financial Services). Over the past 10 years, RBC returned 23.36%/yr vs 11.09%/yr for BNS. At a 0.42 correlation, their price movements are largely independent.

Performance

RBC vs. BNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC Bearings Incorporated (RBC) and The Bank of Nova Scotia (BNS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBC achieves a 28.97% return, which is significantly higher than BNS's 11.87% return. Over the past 10 years, RBC has outperformed BNS with an annualized return of 23.36%, while BNS has yielded a comparatively lower 11.09% annualized return.

RBC

• 1D: 2.15%
• 1M: -2.92%
• YTD: 28.97%
• 6M: 31.43%
• 1Y: 56.22%
• 3Y*: 40.56%
• 5Y*: 24.83%
• 10Y*: 23.36%

BNS

• 1D: 2.58%
• 1M: 3.38%
• YTD: 11.87%
• 6M: 16.85%
• 1Y: 58.26%
• 3Y*: 25.55%
• 5Y*: 10.37%
• 10Y*: 11.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RBC vs. BNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RBC RBC Bearings Incorporated	28.97%	49.91%	5.00%	36.08%	4.19%	17.32%	14.10%	21.72%	3.72%	36.19%
BNS The Bank of Nova Scotia	11.87%	45.11%	17.55%	8.53%	-28.05%	40.62%	1.70%	17.49%	-18.28%	21.83%

Correlation

The correlation between RBC and BNS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Aug 11, 2005	0.42

The correlation between RBC and BNS shifts across timeframes, from 0.33 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap RBC : $18.34B BNS : $73.09B
EPS RBC : $9.09 BNS : $8.23
PE Ratio RBC : 63.59 BNS : 9.80
PS Ratio RBC : 9.78 BNS : 1.33
PB Ratio RBC : 5.46 BNS : 0.95
Total Revenue (TTM) RBC : $1.87B BNS : $70.57B
Gross Profit (TTM) RBC : $830.20M BNS : $33.43B
EBITDA (TTM) RBC : $510.20M BNS : $13.61B

Return for Risk

RBC vs. BNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RBC

RBC Risk / Return Rank: 89
RBC Sharpe Ratio Rank: 89
RBC Sortino Ratio Rank: 88
RBC Omega Ratio Rank: 85
RBC Calmar Ratio Rank: 91
RBC Martin Ratio Rank: 91

BNS

BNS Risk / Return Rank: 95
BNS Sharpe Ratio Rank: 96
BNS Sortino Ratio Rank: 97
BNS Omega Ratio Rank: 96
BNS Calmar Ratio Rank: 89
BNS Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RBC vs. BNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Bearings Incorporated (RBC) and The Bank of Nova Scotia (BNS). 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.

	RBC	BNS	Difference
Sharpe ratio Return per unit of total volatility	2.21	3.53	-1.32
Sortino ratio Return per unit of downside risk	3.02	4.97	-1.95
Omega ratio Gain probability vs. loss probability	1.38	1.65	-0.27
Calmar ratio Return relative to maximum drawdown	5.02	4.36	+0.66
Martin ratio Return relative to average drawdown	13.84	17.11	-3.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RBC vs. BNS - Sharpe Ratio Comparison

The current RBC Sharpe Ratio is 2.21, which is lower than the BNS Sharpe Ratio of 3.53. The chart below compares the historical Sharpe Ratios of RBC and BNS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RBC	BNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	3.53	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.53	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.51	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.52	-0.01

Drawdowns

RBC vs. BNS - Drawdown Comparison

The maximum RBC drawdown since its inception was -71.79%, which is greater than BNS's maximum drawdown of -63.65%. Use the drawdown chart below to compare losses from any high point for RBC and BNS.

Drawdown Indicators

	RBC	BNS	Difference
Max Drawdown Largest peak-to-trough decline	-71.79%	-63.65%	-8.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	-13.36%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-17.81%	-19.51%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-35.26%	-39.12%	+3.86%
Max Drawdown (10Y) Largest decline over 10 years	-55.06%	-46.29%	-8.77%
Current Drawdown Current decline from peak	-7.20%	-0.05%	-7.15%
Average Drawdown Average peak-to-trough decline	-12.75%	-11.02%	-1.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.20%	3.40%	+0.80%

Volatility

RBC vs. BNS - Volatility Comparison

RBC Bearings Incorporated (RBC) has a higher volatility of 11.18% compared to The Bank of Nova Scotia (BNS) at 5.53%. This indicates that RBC's price experiences larger fluctuations and is considered to be riskier than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBC	BNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.18%	5.53%	+5.65%
Volatility (6M) Calculated over the trailing 6-month period	19.72%	13.13%	+6.59%
Volatility (1Y) Calculated over the trailing 1-year period	25.60%	16.61%	+8.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.50%	19.54%	+11.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.62%	21.94%	+15.68%

Dividends

RBC vs. BNS - Dividend Comparison

RBC has not paid dividends to shareholders, while BNS's dividend yield for the trailing twelve months is around 3.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNS The Bank of Nova Scotia	3.95%	4.17%	5.85%	8.56%	6.39%	5.09%	4.93%	3.53%	6.34%	4.80%	5.24%	8.13%
RBC RBC Bearings Incorporated	0.00%	0.00%	0.00%	0.00%	0.49%	4.10%	0.67%	0.75%	0.00%	0.00%	0.00%	0.00%

Financials

RBC vs. BNS - Profitability Comparison

The chart below illustrates the profitability comparison between RBC Bearings Incorporated and The Bank of Nova Scotia over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RBC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, RBC Bearings Incorporated reported a gross profit of 251.00M and revenue of 518.00M. Therefore, the gross margin over that period was 48.5%.

BNS - 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 17.18B. Therefore, the gross margin over that period was 48.9%.

RBC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, RBC Bearings Incorporated reported an operating income of 116.60M and revenue of 518.00M, resulting in an operating margin of 22.5%.

BNS - 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 17.18B, resulting in an operating margin of 20.0%.

RBC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, RBC Bearings Incorporated reported a net income of 91.70M and revenue of 518.00M, resulting in a net margin of 17.7%.

BNS - 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 2.59B and revenue of 17.18B, resulting in a net margin of 15.1%.

Frequently Asked Questions

Can I hold both RBC and BNS in my portfolio?

RBC and BNS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RBC or BNS?

RBC has higher volatility (11.18%) compared to BNS (5.53%). In terms of maximum drawdown, RBC dropped -71.79% vs BNS's -63.65%.

Which has better risk-adjusted returns?

BNS currently has the higher Sharpe Ratio (3.53 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.