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VUN.TO vs. BNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUN.TO vs. BNS

Last updated Jun 14, 2026

VUN.TO (Vanguard U.S. Total Market Index ETF) is Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while BNS (The Bank of Nova Scotia) is a stock. Over the past 10 years, VUN.TO returned 15.56%/yr vs 12.57%/yr for BNS. At a 0.28 correlation, their price movements are largely independent.

Performance

VUN.TO vs. BNS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard U.S. Total Market Index ETF (VUN.TO) and The Bank of Nova Scotia (BNS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VUN.TO is traded in CAD, while BNS is traded in USD. To make them comparable, the BNS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUN.TO achieves a 11.51% return, which is significantly lower than BNS's 18.88% return. Over the past 10 years, VUN.TO has outperformed BNS with an annualized return of 15.56%, while BNS has yielded a comparatively lower 12.57% annualized return.

VUN.TO

1D
0.65%
1M
1.61%
YTD
11.51%
6M
11.24%
1Y
29.65%
3Y*
22.18%
5Y*
14.98%
10Y*
15.56%

BNS

1D
1.76%
1M
10.73%
YTD
18.88%
6M
19.68%
1Y
66.87%
3Y*
29.01%
5Y*
14.83%
10Y*
12.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUN.TO vs. BNS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VUN.TO
Vanguard U.S. Total Market Index ETF		11.51%11.43%33.76%23.00%-14.20%24.54%18.22%23.99%2.35%13.01%
BNS
The Bank of Nova Scotia		18.88%38.49%27.51%5.95%-23.49%40.55%-0.72%12.64%-11.41%13.58%

Correlation

The correlation between VUN.TO and BNS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Aug 12, 2013

0.28

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard U.S. Total Market Index ETF

The Bank of Nova Scotia

Often compared with VUN.TO:
VUN.TO vs. XUU.TOVUN.TO vs. VCN.TOVUN.TO vs. VOOVUN.TO vs. VTIVUN.TO vs. VEQT.TOVUN.TO vs. TPU.TOVUN.TO vs. SPY
Often compared with BNS:
BNS vs. TDBNS vs. RYBNS vs. BNS.TOBNS vs. BMOBNS vs. XEQT.TOBNS vs. VDY.TOBNS vs. VFV.TO

Return for Risk

VUN.TO vs. BNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUN.TO
VUN.TO Risk / Return Rank: 7979
Overall Rank
VUN.TO Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
VUN.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VUN.TO Omega Ratio Rank: 8181
Omega Ratio Rank
VUN.TO Calmar Ratio Rank: 7474
Calmar Ratio Rank
VUN.TO Martin Ratio Rank: 7575
Martin Ratio Rank
BNS
BNS Risk / Return Rank: 9696
Overall Rank
BNS Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
BNS Sortino Ratio Rank: 9898
Sortino Ratio Rank
BNS Omega Ratio Rank: 9797
Omega Ratio Rank
BNS Calmar Ratio Rank: 9292
Calmar Ratio Rank
BNS Martin Ratio Rank: 9595
Martin Ratio Rank
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.

VUN.TO vs. BNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Total Market Index ETF (VUN.TO) 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.

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.

VUN.TOBNSDifference
Sharpe ratioReturn per unit of total volatility
2.28
3.81

-1.53

Sortino ratioReturn per unit of downside risk
3.09
5.24

-2.14

Omega ratioGain probability vs. loss probability

1.42

1.68

-0.27

Calmar ratioReturn relative to maximum drawdown

3.30

5.66

-2.36

Martin ratioReturn relative to average drawdown

12.24

21.31

-9.07

VUN.TO vs. BNS - Sharpe Ratio Comparison

The current VUN.TO Sharpe Ratio is 2.28, which is lower than the BNS Sharpe Ratio of 3.81. The chart below compares the historical Sharpe Ratios of VUN.TO 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.

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Drawdowns

VUN.TO vs. BNS - Drawdown Comparison

The maximum VUN.TO drawdown since its inception was -28.19%, smaller than the maximum BNS drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for VUN.TO and BNS.

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Drawdown Indicators

VUN.TOBNSDifference

Max Drawdown

Largest peak-to-trough decline

-28.19%

-52.07%

+23.88%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-11.73%

+3.22%

Max Drawdown (3Y)

Largest decline over 3 years

-19.88%

-18.17%

-1.71%

Max Drawdown (5Y)

Largest decline over 5 years

-23.67%

-33.49%

+9.82%

Max Drawdown (10Y)

Largest decline over 10 years

-28.19%

-38.48%

+10.29%

Current Drawdown

Current decline from peak

-1.32%

0.00%

-1.32%

Average Drawdown

Average peak-to-trough decline

-3.80%

-8.06%

+4.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.29%

3.11%

-0.82%

Volatility

VUN.TO vs. BNS - Volatility Comparison

The current volatility for Vanguard U.S. Total Market Index ETF (VUN.TO) is 4.41%, while The Bank of Nova Scotia (BNS) has a volatility of 5.10%. This indicates that VUN.TO experiences smaller price fluctuations and is considered to be less risky than BNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VUN.TOBNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.41%

5.10%

-0.69%

Volatility (6M)

Calculated over the trailing 6-month period

9.44%

13.27%

-3.83%

Volatility (1Y)

Calculated over the trailing 1-year period

12.32%

17.42%

-5.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.50%

20.23%

-4.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.73%

22.63%

-5.90%

Dividends

VUN.TO vs. BNS - Dividend Comparison

VUN.TO's dividend yield for the trailing twelve months is around 0.75%, less than BNS's 3.79% yield.

PositionTTM20252024202320222021202020192018201720162015
BNS
The Bank of Nova Scotia		3.79%4.17%5.85%8.56%6.39%5.09%4.93%3.53%6.34%4.80%5.24%8.13%
VUN.TO
Vanguard U.S. Total Market Index ETF		0.75%0.84%0.93%1.10%1.21%0.97%1.15%1.45%1.52%1.39%1.50%1.49%

Frequently Asked Questions

VUN.TO and BNS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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