AMG vs. RY
AMG (Affiliated Managers Group, Inc.) and RY (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — AMG in Asset Management, RY in Banks - Diversified. Over the past 10 years, AMG returned 9.04%/yr vs 17.18%/yr for RY. At a 0.44 correlation, their price movements are largely independent.
Performance
AMG vs. RY - Performance Comparison
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Returns By Period
In the year-to-date period, AMG achieves a 23.02% return, which is significantly higher than RY's 18.68% return. Over the past 10 years, AMG has underperformed RY with an annualized return of 9.04%, while RY has yielded a comparatively higher 17.18% annualized return.
AMG
- 1D
- 2.99%
- 1M
- 20.66%
- YTD
- 23.02%
- 6M
- 27.84%
- 1Y
- 94.87%
- 3Y*
- 33.85%
- 5Y*
- 17.07%
- 10Y*
- 9.04%
RY
- 1D
- 0.14%
- 1M
- 8.80%
- YTD
- 18.68%
- 6M
- 21.99%
- 1Y
- 60.93%
- 3Y*
- 33.55%
- 5Y*
- 18.33%
- 10Y*
- 17.18%
AMG vs. RY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 23.02% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
RY Royal Bank of Canada | 18.68% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
Correlation
The correlation between AMG and RY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 1997 | 0.44 |
The correlation between AMG and RY shifts across timeframes, from 0.37 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AMG:
$9.75B
RY:
$205.02B
AMG:
$24.29
RY:
CA$18.17
AMG:
14.60
RY:
15.35
AMG:
0.48
RY:
2.22
AMG:
4.66
RY:
2.45
AMG:
3.16
RY:
2.21
AMG:
$2.37B
RY:
CA$138.99B
AMG:
$1.61B
RY:
CA$65.64B
AMG:
$1.53B
RY:
CA$30.01B
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Return for Risk
AMG vs. RY — Risk / Return Rank
AMG
RY
AMG vs. RY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Affiliated Managers Group, Inc. (AMG) 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.
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.
| AMG | RY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.70 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 5.97 | -1.24 |
| Martin ratioReturn relative to average drawdown | 13.47 | 22.22 | -8.74 |
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Drawdowns
AMG vs. RY - Drawdown Comparison
The maximum AMG drawdown since its inception was -85.92%, which is greater than RY's maximum drawdown of -62.90%. Use the drawdown chart below to compare losses from any high point for AMG and RY.
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Drawdown Indicators
| AMG | RY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.92% | -62.90% | -23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -10.04% | -9.68% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -19.88% | -7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -41.22% | -28.36% | -12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -78.52% | -39.95% | -38.57% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -24.70% | -9.32% | -15.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 2.69% | +4.21% |
Volatility
AMG vs. RY - Volatility Comparison
Affiliated Managers Group, Inc. (AMG) has a higher volatility of 9.81% compared to Royal Bank of Canada (RY) at 4.01%. This indicates that AMG'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
| AMG | RY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.81% | 4.01% | +5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 25.75% | 11.34% | +14.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.28% | 15.10% | +16.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.45% | 18.00% | +14.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.71% | 19.76% | +14.95% |
Dividends
AMG vs. RY - Dividend Comparison
AMG's dividend yield for the trailing twelve months is around 0.01%, less than RY's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 0.00% | 0.00% |
RY Royal Bank of Canada | 2.32% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
AMG vs. RY - Financials Comparison
This section allows you to compare key financial metrics between Affiliated Managers Group, Inc. 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.
Total Revenue: Total amount of money received from sales and other business activities
AMG vs. RY - Profitability Comparison
AMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a gross profit of 441.50M and revenue of 544.90M. Therefore, the gross margin over that period was 81.0%.
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a gross profit of 16.51B and revenue of 33.93B. Therefore, the gross margin over that period was 48.7%.
AMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported an operating income of 77.40M and revenue of 544.90M, resulting in an operating margin of 14.2%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported an operating income of 7.10B and revenue of 33.93B, resulting in an operating margin of 20.9%.
AMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a net income of 110.40M and revenue of 544.90M, resulting in a net margin of 20.3%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a net income of 5.51B and revenue of 33.93B, resulting in a net margin of 16.2%.
Frequently Asked Questions
AMG and RY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMG has higher volatility (9.81%) compared to RY (4.01%). In terms of maximum drawdown, AMG dropped -85.92% vs RY's -62.90%.
RY currently has the higher Sharpe Ratio (3.97 vs 2.98), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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