BMO.TO vs. RY
Compare and contrast key facts about Bank of Montreal (BMO.TO) and Royal Bank of Canada (RY).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMO.TO or RY.
Key characteristics
BMO.TO | RY | |
---|---|---|
YTD Return | 2.05% | 0.79% |
1Y Return | 16.71% | 11.48% |
3Y Return (Ann) | 10.13% | 6.85% |
5Y Return (Ann) | 10.56% | 10.33% |
10Y Return (Ann) | 10.56% | 8.56% |
Sharpe Ratio | 1.11 | 0.74 |
Daily Std Dev | 16.81% | 17.04% |
Max Drawdown | -62.39% | -63.03% |
Current Drawdown | -5.72% | -6.98% |
Fundamentals
BMO.TO | RY | |
---|---|---|
Market Cap | CA$94.31B | $141.33B |
EPS | CA$7.27 | $7.99 |
PE Ratio | 17.88 | 12.44 |
PEG Ratio | 0.54 | 10.42 |
Revenue (TTM) | CA$31.18B | $53.51B |
Gross Profit (TTM) | CA$33.38B | $48.50B |
Correlation
The correlation between BMO.TO and RY is 0.74, 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
BMO.TO vs. RY - Performance Comparison
In the year-to-date period, BMO.TO achieves a 2.05% return, which is significantly higher than RY's 0.79% return. Over the past 10 years, BMO.TO has outperformed RY with an annualized return of 10.56%, while RY has yielded a comparatively lower 8.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Risk-Adjusted Performance
BMO.TO vs. RY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.TO) 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Bank of Montreal | 0.75 | ||||
Royal Bank of Canada | 0.51 |
Dividends
BMO.TO vs. RY - Dividend Comparison
BMO.TO's dividend yield for the trailing twelve months is around 4.45%, more than RY's 3.98% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Bank of Montreal | 4.45% | 4.42% | 4.44% | 3.10% | 4.38% | 4.03% | 4.24% | 3.54% | 3.55% | 4.15% | 3.79% | 4.15% |
Royal Bank of Canada | 3.98% | 3.93% | 4.13% | 3.28% | 3.86% | 3.88% | 4.29% | 3.28% | 3.59% | 4.54% | 3.73% | 3.69% |
Drawdowns
BMO.TO vs. RY - Drawdown Comparison
The maximum BMO.TO drawdown since its inception was -62.39%, roughly equal to the maximum RY drawdown of -63.03%. The drawdown chart below compares losses from any high point along the way for BMO.TO and RY
Volatility
BMO.TO vs. RY - Volatility Comparison
Bank of Montreal (BMO.TO) has a higher volatility of 3.83% compared to Royal Bank of Canada (RY) at 3.51%. This indicates that BMO.TO'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.