TU vs. BCE

Last updated Apr 2, 2026

Compare and contrast key facts about TELUS Corporation (TU) and BCE Inc. (BCE).

Performance

TU vs. BCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TELUS Corporation (TU) and BCE Inc. (BCE). The values are adjusted to include any dividend payments, if applicable.

TU vs. BCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TU TELUS Corporation	0.74%	4.99%	-18.39%	-2.40%	-14.32%	24.49%	7.29%	22.32%	-8.23%	25.82%
BCE BCE Inc.	7.90%	10.25%	-35.53%	-4.16%	-10.62%	28.62%	-1.95%	23.38%	-13.02%	16.52%

Fundamentals

Market Cap TU : $19.93B BCE : $23.57B
EPS TU : $0.73 BCE : $6.90
PE Ratio TU : 17.85 BCE : 3.68
PS Ratio TU : 0.97 BCE : 0.97
PB Ratio TU : 1.26 BCE : 1.20
Total Revenue (TTM) TU : $20.51B BCE : $24.46B
Gross Profit (TTM) TU : $11.01B BCE : $15.19B
EBITDA (TTM) TU : $7.59B BCE : $18.15B

Returns By Period

In the year-to-date period, TU achieves a 0.74% return, which is significantly lower than BCE's 7.90% return. Over the past 10 years, TU has outperformed BCE with an annualized return of 3.40%, while BCE has yielded a comparatively lower 0.18% annualized return.

TU

• 1D: 1.09%
• 1M: -1.35%
• YTD: 0.74%
• 6M: -14.23%
• 1Y: -1.92%
• 3Y*: -6.84%
• 5Y*: -2.76%
• 10Y*: 3.40%

BCE

• 1D: 0.55%
• 1M: -2.02%
• YTD: 7.90%
• 6M: 10.98%
• 1Y: 17.47%
• 3Y*: -10.81%
• 5Y*: -4.82%
• 10Y*: 0.18%

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

Return for Risk

TU vs. BCE — Risk / Return Rank

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

TU

TU Risk / Return Rank: 34
TU Sharpe Ratio Rank: 36
TU Sortino Ratio Rank: 28
TU Omega Ratio Rank: 28
TU Calmar Ratio Rank: 38
TU Martin Ratio Rank: 38

BCE

BCE Risk / Return Rank: 65
BCE Sharpe Ratio Rank: 69
BCE Sortino Ratio Rank: 61
BCE Omega Ratio Rank: 59
BCE Calmar Ratio Rank: 68
BCE Martin Ratio Rank: 67

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.

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.

	TU	BCE	Difference
Sharpe ratio Return per unit of total volatility	-0.11	0.83	-0.93
Sortino ratio Return per unit of downside risk	-0.02	1.25	-1.28
Omega ratio Gain probability vs. loss probability	1.00	1.16	-0.16
Calmar ratio Return relative to maximum drawdown	-0.08	1.35	-1.43
Martin ratio Return relative to average drawdown	-0.16	3.04	-3.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TU vs. BCE - Sharpe Ratio Comparison

The current TU Sharpe Ratio is -0.11, which is lower than the BCE Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of TU and BCE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TU	BCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.11	0.83	-0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	-0.26	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.01	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.29	+0.01

Correlation

The correlation between TU and BCE is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TU vs. BCE - Dividend Comparison

TU's dividend yield for the trailing twelve months is around 9.37%, more than BCE's 4.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TU TELUS Corporation	9.37%	9.01%	8.35%	6.02%	5.39%	4.31%	4.51%	4.37%	5.19%	5.20%	5.78%	6.08%
BCE BCE Inc.	4.98%	6.98%	12.47%	7.29%	6.39%	5.37%	5.82%	5.16%	5.84%	4.63%	5.15%	6.00%

Drawdowns

TU vs. BCE - Drawdown Comparison

The maximum TU drawdown since its inception was -88.28%, roughly equal to the maximum BCE drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for TU and BCE.

Drawdown Indicators

	TU	BCE	Difference
Max Drawdown Largest peak-to-trough decline	-88.28%	-88.66%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-20.95%	-12.27%	-8.68%
Max Drawdown (5Y) Largest decline over 5 years	-42.34%	-55.42%	+13.08%
Max Drawdown (10Y) Largest decline over 10 years	-42.34%	-55.42%	+13.08%
Current Drawdown Current decline from peak	-38.51%	-42.83%	+4.32%
Average Drawdown Average peak-to-trough decline	-19.14%	-32.42%	+13.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.49%	5.44%	+5.05%

Volatility

TU vs. BCE - Volatility Comparison

The current volatility for TELUS Corporation (TU) is 4.29%, while BCE Inc. (BCE) has a volatility of 4.85%. 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.

Volatility by Period

	TU	BCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.85%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	13.16%	-0.66%
Volatility (1Y) Calculated over the trailing 1-year period	18.19%	21.21%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.26%	18.66%	-0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.10%	19.11%	-0.01%

Financials

TU vs. BCE - Profitability Comparison

The chart below illustrates the profitability comparison between TELUS Corporation and BCE Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TELUS Corporation reported a gross profit of 1.55B and revenue of 5.39B. Therefore, the gross margin over that period was 28.7%.

BCE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BCE Inc. reported a gross profit of 2.69B and revenue of 6.40B. Therefore, the gross margin over that period was 42.0%.

TU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TELUS Corporation reported an operating income of 694.00M and revenue of 5.39B, resulting in an operating margin of 12.9%.

BCE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BCE Inc. reported an operating income of 2.69B and revenue of 6.40B, resulting in an operating margin of 42.0%.

TU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TELUS Corporation reported a net income of 292.00M and revenue of 5.39B, resulting in a net margin of 5.4%.

BCE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BCE Inc. reported a net income of 593.52M and revenue of 6.40B, resulting in a net margin of 9.3%.