TU vs. BCE
TU (TELUS Corporation) and BCE (BCE Inc.) are both stocks. Both operate in the Telecom Services industry within the Communication Services sector. Over the past 10 years, TU returned 2.43%/yr vs -1.06%/yr for BCE. At a 0.48 correlation, their price movements are largely independent.
Performance
TU vs. BCE - Performance Comparison
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Returns By Period
In the year-to-date period, TU achieves a -9.66% return, which is significantly lower than BCE's -2.47% return. Over the past 10 years, TU has outperformed BCE with an annualized return of 2.43%, while BCE has yielded a comparatively lower -1.06% annualized return.
TU
- 1D
- -1.73%
- 1M
- -6.89%
- YTD
- -9.66%
- 6M
- -5.95%
- 1Y
- -22.48%
- 3Y*
- -9.60%
- 5Y*
- -6.99%
- 10Y*
- 2.43%
BCE
- 1D
- -2.71%
- 1M
- -6.74%
- YTD
- -2.47%
- 6M
- 2.21%
- 1Y
- 9.86%
- 3Y*
- -14.08%
- 5Y*
- -8.44%
- 10Y*
- -1.06%
TU vs. BCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TU TELUS Corporation | -9.66% | 4.99% | -18.39% | -2.40% | -14.32% | 24.49% | 7.29% | 22.32% | -8.23% | 25.82% |
BCE BCE Inc. | -2.47% | 10.25% | -35.53% | -4.16% | -10.62% | 28.62% | -1.95% | 23.38% | -13.02% | 16.52% |
Correlation
The correlation between TU and BCE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 1996 | 0.48 |
The correlation between TU and BCE shifts across timeframes, from 0.48 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TU:
$17.71B
BCE:
$21.12B
TU:
CA$0.60
BCE:
CA$6.75
TU:
26.65
BCE:
4.76
TU:
1.21
BCE:
1.21
TU:
1.61
BCE:
1.48
TU:
CA$20.49B
BCE:
CA$24.70B
TU:
CA$8.67B
BCE:
CA$8.56B
TU:
CA$7.67B
BCE:
CA$15.98B
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Return for Risk
TU vs. BCE — Risk / Return Rank
TU
BCE
TU vs. BCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TELUS Corporation (TU) 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.
| TU | BCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.55 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.10 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 0.81 | -1.69 |
| Martin ratioReturn relative to average drawdown | -1.58 | 1.60 | -3.18 |
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Drawdowns
TU vs. BCE - Drawdown Comparison
The maximum TU drawdown since its inception was -88.28%, which is greater than BCE's maximum drawdown of -60.67%. Use the drawdown chart below to compare losses from any high point for TU and BCE.
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Drawdown Indicators
| TU | BCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.28% | -60.67% | -27.61% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -12.27% | -13.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.67% | -46.88% | +19.21% |
Max Drawdown (5Y)Largest decline over 5 years | -44.87% | -55.42% | +10.55% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -55.42% | +10.55% |
Current DrawdownCurrent decline from peak | -44.87% | -48.32% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -19.30% | -12.86% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.29% | 6.17% | +8.12% |
Volatility
TU vs. BCE - Volatility Comparison
The current volatility for TELUS Corporation (TU) is 4.03%, while BCE Inc. (BCE) has a volatility of 5.65%. This indicates that TU 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
| TU | BCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.65% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 13.81% | 13.17% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.50% | 18.60% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 19.03% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.28% | 19.24% | +0.04% |
Dividends
TU vs. BCE - Dividend Comparison
TU's dividend yield for the trailing twelve months is around 10.73%, more than BCE's 5.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCE BCE Inc. | 5.55% | 6.98% | 12.47% | 7.29% | 6.39% | 5.37% | 5.82% | 5.16% | 5.84% | 4.63% | 5.15% | 6.00% |
TU TELUS Corporation | 10.73% | 9.01% | 8.35% | 6.02% | 5.39% | 4.31% | 4.51% | 4.37% | 5.19% | 5.20% | 5.78% | 6.08% |
Financials
TU vs. BCE - Financials Comparison
This section allows you to compare key financial metrics between TELUS 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
TU vs. BCE - Profitability Comparison
TU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a gross profit of 826.13M and revenue of 5.00B. Therefore, the gross margin over that period was 16.5%.
BCE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
TU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported an operating income of 826.13M and revenue of 5.00B, resulting in an operating margin of 16.5%.
BCE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BCE Inc. reported an operating income of 1.28B and revenue of 6.18B, resulting in an operating margin of 20.7%.
TU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TELUS Corporation reported a net income of 136.35M and revenue of 5.00B, resulting in a net margin of 2.7%.
BCE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
TU and BCE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCE has higher volatility (5.65%) compared to TU (4.03%). In terms of maximum drawdown, TU dropped -88.28% vs BCE's -60.67%.
BCE currently has the higher Sharpe Ratio (0.53 vs -1.29), 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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