BNS vs SPY
Comparison between Bank Of Nova Scotia (BNS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed BNS, delivering a return of +13.3% compared to +10.2%
BNS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
BNS
$98B
Winner
SPY
$652B
Expense Ratio
BNS
N/A
SPY
0.09%
Max Drawdown
BNS
65.74%
Winner
SPY
56.47%
Sharpe Ratio
Winner
BNS
2.86
SPY
2.07
5Y Beta
Winner
BNS
0.48
SPY
1.00
Industry
BNS
Banks - Diversified
SPY
N/A
P/E Ratio
Winner
BNS
15.13
SPY
28.24
Forward P/E
Winner
BNS
12.89
SPY
21.85
PEG Ratio
BNS
0.46
SPY
N/A
Dividend Yield
BNS
5.58%
SPY
N/A
5Y Dividends CAGR
BNS
2.88%
Winner
SPY
5.43%
5Y EPS CAGR
BNS
4.61%
Winner
SPY
25.79%
Debt to Equity
BNS
291.91%
Winner
SPY
22.35%
Free Cash Flow Yield
BNS
-6.65%
SPY
N/A
P/S Ratio
Winner
BNS
2.90
SPY
3.55
P/B Ratio
Winner
BNS
1.65
SPY
5.29
BNS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
BNS
+8.68%
Winner
SPY
+9.11%
3M
BNS
+1.00%
Winner
SPY
+6.59%
6M
Winner
BNS
+18.85%
SPY
+10.56%
1Y
Winner
BNS
+62.55%
SPY
+32.04%
5Y(CAGR)
BNS
+10.17%
Winner
SPY
+13.35%
10Y(CAGR)
BNS
+11.30%
Winner
SPY
+15.49%
Max(CAGR)
Winner
BNS
+12.87%
SPY
+8.50%
BNS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BNS | SPY |
|---|---|---|
| 2026 | +6.37% | +8.27% |
| 2025 | +45.36% | +18.00% |
| 2024 | +18.56% | +25.59% |
| 2023 | +9.79% | +26.72% |
| 2022 | -28.63% | -18.64% |
| 2021 | +41.58% | +30.52% |
| 2020 | +1.18% | +17.28% |
| 2019 | +16.46% | +31.09% |
| 2018 | -19.05% | -5.24% |
| 2017 | +20.31% | +20.78% |
| 2016 | +47.80% | +13.59% |
| 2015 | -23.35% | +1.31% |
| 2014 | -4.02% | +14.56% |
| 2013 | +10.63% | +29.00% |
| 2012 | +18.04% | +14.17% |
| 2011 | -10.15% | +0.85% |
| 2010 | +26.85% | +13.14% |
| 2009 | +80.69% | +22.67% |
| 2008 | -43.81% | -36.25% |
| 2007 | +17.80% | +5.32% |
| 2006 | +15.87% | +13.85% |
| 2005 | +22.22% | +5.32% |
| 2004 | +38.04% | +10.75% |
| 2003 | +54.96% | +24.18% |
| 2002 | +13.51% | -22.42% |
| 2001 | +17.33% | -10.13% |
| 2000 | +25.59% | -8.84% |
| 1999 | -1.27% | +8.61% |
BNS vs SPY Drawdown Comparison
The maximum drawdown for BNS was -63.64%, occurring on Feb 23, 2009. Recovery took 599 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current BNS drawdown is -1.17%.
| Rank | BNS | SPY |
|---|---|---|
| #1 | -63.64% Nov 2, 2007 - Mar 23, 2010 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -46.32% Jan 5, 2018 - Feb 19, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -43.24% Jul 28, 2014 - Jan 25, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -39.15% Mar 22, 2022 - Aug 26, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -24.10% Apr 1, 2011 - Dec 18, 2012 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -23.75% Feb 6, 2001 - Jul 6, 2001 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -23.00% May 29, 2002 - Dec 26, 2002 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -21.02% Nov 3, 1999 - Apr 25, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.68% Apr 7, 2004 - Aug 19, 2004 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -14.97% Sep 21, 2000 - Jan 30, 2001 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -13.36% Feb 10, 2026 - Apr 30, 2026 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -13.31% Nov 20, 2013 - May 15, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -12.84% Aug 29, 2001 - Dec 19, 2001 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -12.51% May 3, 2010 - Sep 13, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -12.41% Jun 1, 2007 - Sep 17, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between BNS and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (1999 - 2026)
BNS vs SPY dividend yield comparison.
| Year | BNS | SPY |
|---|---|---|
| 2026 | 2.05% | 0.24% |
| 2025 | 4.17% | 1.07% |
| 2024 | 5.85% | 1.21% |
| 2023 | 8.56% | 1.40% |
| 2022 | 6.39% | 1.65% |
| 2021 | 5.09% | 1.20% |
| 2020 | 4.93% | 1.52% |
| 2019 | 3.53% | 1.75% |
| 2018 | 6.34% | 2.04% |
| 2017 | 4.80% | 1.80% |
| 2016 | 5.24% | 2.03% |
| 2015 | 8.13% | 2.06% |
| 2014 | 4.48% | 1.87% |
| 2013 | 2.91% | 1.81% |
| 2012 | 3.87% | 2.18% |
| 2011 | 4.18% | 2.05% |
| 2010 | 3.43% | 1.80% |
| 2009 | 5.24% | 1.95% |
| 2008 | 5.33% | 3.02% |
| 2007 | 3.54% | 1.85% |
| 2006 | 4.17% | 1.73% |
| 2005 | 3.96% | 1.73% |
| 2004 | 4.19% | 1.82% |
| 2003 | 3.32% | 1.47% |
| 2002 | 2.21% | 1.70% |
| 2001 | 4.94% | 1.25% |
| 2000 | 0.61% | 1.15% |
| 1999 | 0.00% | 0.24% |
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