Bank of Nova Scotia (BNS) continues to languish in the Unfavored Red Zone of the SIA S&P/TSX 60 Index, where it has been for 804 days. Despite a 10.37% year-to-date rally, its 3-year return is only 1.75% and its 5-year return is 5.43%. Especially on a relative basis, compared to National Bank of Canada (NA.TO), which is in the Favored Green Zone with a YTD return of 24.99%, BNS’s performance highlights a significant disparity.