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04Q.DE vs. RY
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

04Q.DE vs. RY

Last updated Jun 4, 2026

04Q.DE (Nordea Bank Abp) and RY (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — 04Q.DE in Banks - Regional, RY in Banks - Diversified. Over the past 3 years, 04Q.DE returned 27.91%/yr vs 28.76%/yr for RY. At a 0.21 correlation, their price movements are largely independent.

Performance

04Q.DE vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Nordea Bank Abp (04Q.DE) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

04Q.DE is traded in EUR, while RY is traded in USD. To make them comparable, the RY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 04Q.DE achieves a 7.22% return, which is significantly lower than RY's 15.01% return.

04Q.DE

1D
-0.55%
1M
3.16%
YTD
7.22%
6M
10.63%
1Y
35.57%
3Y*
27.91%
5Y*
—
10Y*
—

RY

1D
0.19%
1M
8.16%
YTD
15.01%
6M
24.34%
1Y
51.35%
3Y*
28.76%
5Y*
18.23%
10Y*
16.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

04Q.DE vs. RY - Yearly Performance Comparison

2026 (YTD)20252024202320222021
04Q.DE
Nordea Bank Abp		7.22%64.85%1.64%20.34%0.43%0.54%
RY
Royal Bank of Canada		15.01%28.93%31.97%9.34%-2.30%1.18%

Correlation

The correlation between 04Q.DE and RY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.21

Correlation (All Time)
Calculated using the full available price history since Nov 23, 2021

0.21

Compare stocks, funds, or ETFs

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

Nordea Bank Abp

Royal Bank of Canada

Often compared with 04Q.DE:
04Q.DE vs. SWDBY04Q.DE vs. PGR04Q.DE vs. ING04Q.DE vs. DANSKE.CO04Q.DE vs. UCG.MI04Q.DE vs. CMC.DE04Q.DE vs. BARC.L
Often compared with RY:
RY vs. TDRY vs. BNSRY vs. JPMRY vs. BMORY vs. TD.TORY vs. DOL.TORY vs. EQB.TO

Return for Risk

04Q.DE vs. RY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
04Q.DE
04Q.DE Risk / Return Rank: 8282
Overall Rank
04Q.DE Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
04Q.DE Sortino Ratio Rank: 8282
Sortino Ratio Rank
04Q.DE Omega Ratio Rank: 7878
Omega Ratio Rank
04Q.DE Calmar Ratio Rank: 8282
Calmar Ratio Rank
04Q.DE Martin Ratio Rank: 8787
Martin Ratio Rank
RY
RY Risk / Return Rank: 9595
Overall Rank
RY Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
RY Sortino Ratio Rank: 9898
Sortino Ratio Rank
RY Omega Ratio Rank: 9696
Omega Ratio Rank
RY Calmar Ratio Rank: 9292
Calmar Ratio Rank
RY 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.

04Q.DE vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordea Bank Abp (04Q.DE) 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.

04Q.DERYDifference

Sharpe ratio

Return per unit of total volatility

1.67

3.64

-1.96

Sortino ratio

Return per unit of downside risk

2.43

5.27

-2.84

Omega ratio

Gain probability vs. loss probability

1.29

1.68

-0.39

Calmar ratio

Return relative to maximum drawdown

2.92

7.58

-4.66

Martin ratio

Return relative to average drawdown

9.75

27.00

-17.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

04Q.DE vs. RY - Sharpe Ratio Comparison

The current 04Q.DE Sharpe Ratio is 1.67, which is lower than the RY Sharpe Ratio of 3.64. The chart below compares the historical Sharpe Ratios of 04Q.DE and RY, 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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Sharpe Ratios by Period

04Q.DERYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.67

3.64

-1.96

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

1.09

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.84

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.81

0.52

+0.29

Drawdowns

04Q.DE vs. RY - Drawdown Comparison

The maximum 04Q.DE drawdown since its inception was -28.60%, smaller than the maximum RY drawdown of -57.69%. Use the drawdown chart below to compare losses from any high point for 04Q.DE and RY.

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Drawdown Indicators

04Q.DERYDifference

Max Drawdown

Largest peak-to-trough decline

-28.60%

-57.69%

+29.09%

Max Drawdown (1Y)

Largest decline over 1 year

-12.11%

-6.81%

-5.30%

Max Drawdown (3Y)

Largest decline over 3 years

-17.00%

-18.08%

+1.08%

Max Drawdown (5Y)

Largest decline over 5 years

—

-23.19%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-39.27%

—

Current Drawdown

Current decline from peak

-3.96%

0.00%

-3.96%

Average Drawdown

Average peak-to-trough decline

-5.72%

-8.86%

+3.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.63%

1.91%

+1.72%

Volatility

04Q.DE vs. RY - Volatility Comparison

Nordea Bank Abp (04Q.DE) has a higher volatility of 5.52% compared to Royal Bank of Canada (RY) at 4.07%. This indicates that 04Q.DE's price experiences larger fluctuations and is considered to be riskier than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

04Q.DERYDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.52%

4.07%

+1.45%

Volatility (6M)

Calculated over the trailing 6-month period

15.95%

10.61%

+5.34%

Volatility (1Y)

Calculated over the trailing 1-year period

21.19%

14.19%

+7.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.41%

16.87%

+10.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.41%

19.40%

+8.01%

Dividends

04Q.DE vs. RY - Dividend Comparison

04Q.DE's dividend yield for the trailing twelve months is around 5.95%, more than RY's 2.42% yield.

PositionTTM20252024202320222021202020192018201720162015
04Q.DE
Nordea Bank Abp		5.95%5.85%8.75%7.10%6.81%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
RY
Royal Bank of Canada		2.42%2.54%3.39%4.29%4.07%3.24%3.88%3.88%4.27%3.22%3.95%5.41%

Financials

04Q.DE vs. RY - Financials Comparison

This section allows you to compare key financial metrics between Nordea Bank Abp and Royal Bank of Canada. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Please note, different currencies. 04Q.DE values in EUR, RY values in USD

Frequently Asked Questions

04Q.DE and RY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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