Correlation
The correlation between BMO and RY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
BMO vs. RY
Compare and contrast key facts about Bank of Montreal (BMO) 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 or RY.
Performance
BMO vs. RY - Performance Comparison
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Key characteristics
BMO:
1.38
RY:
1.17
BMO:
1.06
RY:
1.90
BMO:
1.17
RY:
1.25
BMO:
0.63
RY:
1.70
BMO:
3.38
RY:
4.82
BMO:
5.08%
RY:
5.16%
BMO:
20.82%
RY:
18.80%
BMO:
-68.43%
RY:
-63.05%
BMO:
0.00%
RY:
-1.77%
Fundamentals
BMO:
$77.51B
RY:
$178.91B
BMO:
$7.83
RY:
$8.99
BMO:
13.71
RY:
14.09
BMO:
1.39
RY:
2.38
BMO:
2.53
RY:
3.08
BMO:
1.28
RY:
1.99
BMO:
$24.82B
RY:
$46.47B
BMO:
$25.69B
RY:
$46.47B
BMO:
$530.00M
RY:
$14.16B
Returns By Period
In the year-to-date period, BMO achieves a 13.17% return, which is significantly higher than RY's 6.95% return. Over the past 10 years, BMO has underperformed RY with an annualized return of 10.36%, while RY has yielded a comparatively higher 11.40% annualized return.
BMO
13.17%
11.45%
15.31%
26.40%
4.34%
22.19%
10.36%
RY
6.95%
5.53%
2.55%
20.04%
10.94%
18.87%
11.40%
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Risk-Adjusted Performance
BMO vs. RY — Risk-Adjusted Performance Rank
BMO
RY
BMO vs. RY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO) 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.
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Dividends
BMO vs. RY - Dividend Comparison
BMO's dividend yield for the trailing twelve months is around 4.18%, more than RY's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 4.18% | 4.62% | 4.34% | 4.64% | 3.16% | 4.12% | 3.96% | 4.52% | 3.42% | 3.56% | 4.53% | 3.94% |
RY Royal Bank of Canada | 3.26% | 3.39% | 3.93% | 4.12% | 3.28% | 3.86% | 3.88% | 4.29% | 3.28% | 3.59% | 4.54% | 3.73% |
Drawdowns
BMO vs. RY - Drawdown Comparison
The maximum BMO drawdown since its inception was -68.43%, which is greater than RY's maximum drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for BMO and RY.
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Volatility
BMO vs. RY - Volatility Comparison
The current volatility for Bank of Montreal (BMO) is 2.39%, while Royal Bank of Canada (RY) has a volatility of 4.72%. This indicates that BMO 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.
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Financials
BMO vs. RY - Financials Comparison
This section allows you to compare key financial metrics between Bank of Montreal 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