^SPTSX60 vs. RY
Compare and contrast key facts about S&P/TSX 60 Index (^SPTSX60) and Royal Bank of Canada (RY).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SPTSX60 or RY.
Correlation
The correlation between ^SPTSX60 and RY is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^SPTSX60 vs. RY - Performance Comparison
Key characteristics
^SPTSX60:
1.81
RY:
1.67
^SPTSX60:
2.50
RY:
2.46
^SPTSX60:
1.33
RY:
1.30
^SPTSX60:
2.60
RY:
2.04
^SPTSX60:
12.58
RY:
10.84
^SPTSX60:
1.46%
RY:
2.39%
^SPTSX60:
10.17%
RY:
15.52%
^SPTSX60:
-49.15%
RY:
-63.03%
^SPTSX60:
-4.36%
RY:
-6.39%
Returns By Period
In the year-to-date period, ^SPTSX60 achieves a 16.55% return, which is significantly lower than RY's 23.10% return. Over the past 10 years, ^SPTSX60 has underperformed RY with an annualized return of 5.77%, while RY has yielded a comparatively higher 9.99% annualized return.
^SPTSX60
16.55%
-1.60%
14.87%
17.27%
7.67%
5.77%
RY
23.10%
-2.12%
17.49%
24.45%
13.11%
9.99%
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Risk-Adjusted Performance
^SPTSX60 vs. RY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/TSX 60 Index (^SPTSX60) and Royal Bank of Canada (RY). 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.
Drawdowns
^SPTSX60 vs. RY - Drawdown Comparison
The maximum ^SPTSX60 drawdown since its inception was -49.15%, smaller than the maximum RY drawdown of -63.03%. Use the drawdown chart below to compare losses from any high point for ^SPTSX60 and RY. For additional features, visit the drawdowns tool.
Volatility
^SPTSX60 vs. RY - Volatility Comparison
The current volatility for S&P/TSX 60 Index (^SPTSX60) is 4.25%, while Royal Bank of Canada (RY) has a volatility of 5.41%. This indicates that ^SPTSX60 experiences smaller price fluctuations and is considered to be less risky than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.