TFC vs. BCE
TFC (Truist Financial Corporation) and BCE (BCE Inc.) are both stocks. TFC operates in Banks - Regional (Financial Services), while BCE operates in Telecom Services (Communication Services). Over the past 10 years, TFC returned 7.72%/yr vs -1.98%/yr for BCE. At a 0.24 correlation, their price movements are largely independent.
Performance
TFC vs. BCE - Performance Comparison
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Returns By Period
In the year-to-date period, TFC achieves a 7.30% return, which is significantly higher than BCE's -7.51% return. Over the past 10 years, TFC has outperformed BCE with an annualized return of 7.72%, while BCE has yielded a comparatively lower -1.98% annualized return.
TFC
- 1D
- 0.68%
- 1M
- 6.09%
- 6M
- 5.57%
- YTD
- 7.30%
- 1Y
- 19.60%
- 3Y*
- 22.23%
- 5Y*
- 3.82%
- 10Y*
- 7.72%
- ALL TIME*
- 9.44%
BCE
- 1D
- -0.79%
- 1M
- -5.17%
- 6M
- -10.11%
- YTD
- -7.51%
- 1Y
- -7.22%
- 3Y*
- -15.49%
- 5Y*
- -9.40%
- 10Y*
- -1.98%
- ALL TIME*
- 10.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BCE BCE Inc. | $79.62M | $87.04M | $86.61M |
| $468.16M | $447.01M | $444.14M |
TFC vs. BCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TFC Truist Financial Corporation | 7.30% | 19.05% | 23.72% | -8.59% | -23.53% | 26.08% | -11.16% | 34.55% | -10.24% | 8.66% |
BCE BCE Inc. | -7.51% | 10.25% | -35.53% | -4.16% | -10.62% | 28.62% | -1.95% | 23.38% | -13.02% | 16.52% |
Correlation
The correlation between TFC and BCE is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.24 |
Over the past year, the correlation between TFC and BCE has dropped to 0.04 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
Fundamentals
TFC:
$64.45B
BCE:
$20.03B
TFC:
$4.58
BCE:
CA$6.75
TFC:
11.28
BCE:
4.49
TFC:
1.32
BCE:
0.01
TFC:
2.16
BCE:
1.14
TFC:
1.09
BCE:
1.40
TFC:
$30.52B
BCE:
CA$24.70B
TFC:
$19.54B
BCE:
CA$8.56B
TFC:
$7.27B
BCE:
CA$15.98B
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Return for Risk
TFC vs. BCE — Risk / Return Rank
TFC
BCE
TFC vs. BCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Truist Financial Corporation (TFC) and BCE Inc. (BCE). 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.
| TFC | BCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.95 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | -0.38 | +1.33 |
| Martin ratioReturn relative to average drawdown | 2.39 | -0.95 | +3.34 |
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Drawdowns
TFC vs. BCE - Drawdown Comparison
The maximum TFC drawdown since its inception was -66.56%, which is greater than BCE's maximum drawdown of -60.67%. Use the drawdown chart below to compare losses from any high point for TFC and BCE.
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Drawdown Indicators
| TFC | BCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.56% | -60.67% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -20.67% | -19.07% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -44.98% | +18.05% |
Max Drawdown (5Y)Largest decline over 5 years | -59.11% | -55.42% | -3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -59.11% | -55.42% | -3.69% |
Current DrawdownCurrent decline from peak | -5.39% | -50.99% | +45.60% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -12.93% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.22% | 7.64% | +0.58% |
Volatility
TFC vs. BCE - Volatility Comparison
The current volatility for Truist Financial Corporation (TFC) is 7.25%, while BCE Inc. (BCE) has a volatility of 7.95%. This indicates that TFC experiences smaller price fluctuations and is considered to be less risky than BCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFC | BCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 7.95% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 19.51% | 14.63% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.19% | 19.36% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.74% | 19.31% | +12.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.61% | 19.36% | +14.25% |
Dividends
TFC vs. BCE - Dividend Comparison
TFC's dividend yield for the trailing twelve months is around 4.02%, less than BCE's 5.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCE BCE Inc. | 5.86% | 6.98% | 12.47% | 7.29% | 6.39% | 5.37% | 5.82% | 5.16% | 5.84% | 4.63% | 5.15% | 6.00% |
TFC Truist Financial Corporation | 4.02% | 4.23% | 4.79% | 5.63% | 4.65% | 3.18% | 3.76% | 3.04% | 3.60% | 2.53% | 2.45% | 2.78% |
Financials
TFC vs. BCE - Financials Comparison
This section allows you to compare key financial metrics between Truist Financial Corporation 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
TFC vs. BCE - Profitability Comparison
TFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Truist Financial Corporation reported a gross profit of 4.87B and revenue of 7.61B. Therefore, the gross margin over that period was 64.0%.
BCE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, BCE Inc. reported a gross profit of 1.86B and revenue of 6.18B. Therefore, the gross margin over that period was 30.0%.
TFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Truist Financial Corporation reported an operating income of 1.82B and revenue of 7.61B, resulting in an operating margin of 23.9%.
BCE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, BCE Inc. reported an operating income of 1.28B and revenue of 6.18B, resulting in an operating margin of 20.7%.
TFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Truist Financial Corporation reported a net income of 1.55B and revenue of 7.61B, resulting in a net margin of 20.4%.
BCE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, BCE Inc. reported a net income of 654.69M and revenue of 6.18B, resulting in a net margin of 10.6%.
Frequently Asked Questions
TFC and BCE have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCE has higher volatility (7.95%) compared to TFC (7.25%). In terms of maximum drawdown, TFC dropped -66.56% vs BCE's -60.67%.
TFC currently has the higher Sharpe Ratio (0.81 vs -0.38), 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.
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