BN.TO vs. RY.TO
BN.TO (Brookfield Corporation) and RY.TO (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — BN.TO in Asset Management, RY.TO in Banks - Diversified. Over the past 10 years, BN.TO returned 30.86%/yr vs 18.12%/yr for RY.TO. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
BN.TO vs. RY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, BN.TO achieves a 0.47% return, which is significantly lower than RY.TO's 20.87% return. Over the past 10 years, BN.TO has outperformed RY.TO with an annualized return of 30.86%, while RY.TO has yielded a comparatively lower 18.12% annualized return.
BN.TO
- 1D
- 0.62%
- 1M
- 0.83%
- YTD
- 0.47%
- 6M
- 0.84%
- 1Y
- 82.01%
- 3Y*
- 49.71%
- 5Y*
- 31.01%
- 10Y*
- 30.86%
RY.TO
- 1D
- 0.36%
- 1M
- 10.50%
- YTD
- 20.87%
- 6M
- 23.89%
- 1Y
- 65.59%
- 3Y*
- 35.54%
- 5Y*
- 21.56%
- 10Y*
- 18.12%
BN.TO vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.47% | 73.06% | 57.07% | 27.06% | -12.87% | 47.98% | 62.13% | 48.67% | -0.53% | 29.78% |
RY.TO Royal Bank of Canada | 20.87% | 39.60% | 34.37% | 9.80% | -1.52% | 33.09% | 6.52% | 14.33% | -5.50% | 17.12% |
Correlation
The correlation between BN.TO and RY.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.51 |
The correlation between BN.TO and RY.TO has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
Fundamentals
BN.TO:
CA$145.56B
RY.TO:
CA$389.54B
BN.TO:
$0.63
RY.TO:
CA$15.77
BN.TO:
72.25
RY.TO:
17.69
BN.TO:
1.27
RY.TO:
3.25
BN.TO:
2.44
RY.TO:
3.01
BN.TO:
$76.56B
RY.TO:
CA$120.33B
BN.TO:
$18.76B
RY.TO:
CA$65.64B
BN.TO:
$33.73B
RY.TO:
CA$14.74B
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Return for Risk
BN.TO vs. RY.TO — Risk / Return Rank
BN.TO
RY.TO
BN.TO vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN.TO) and Royal Bank of Canada (RY.TO). 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.
| BN.TO | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.13 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.85 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 7.91 | -4.44 |
| Martin ratioReturn relative to average drawdown | 10.01 | 29.39 | -19.38 |
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Drawdowns
BN.TO vs. RY.TO - Drawdown Comparison
The maximum BN.TO drawdown since its inception was -63.63%, which is greater than RY.TO's maximum drawdown of -54.03%. Use the drawdown chart below to compare losses from any high point for BN.TO and RY.TO.
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Drawdown Indicators
| BN.TO | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.63% | -54.03% | -9.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.47% | -8.12% | -14.35% |
Max Drawdown (3Y)Largest decline over 3 years | -28.87% | -16.00% | -12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -32.27% | -21.21% | -11.06% |
Max Drawdown (10Y)Largest decline over 10 years | -46.45% | -33.84% | -12.61% |
Current DrawdownCurrent decline from peak | -6.75% | 0.00% | -6.75% |
Average DrawdownAverage peak-to-trough decline | -10.40% | -6.72% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.79% | 2.18% | +5.61% |
Volatility
BN.TO vs. RY.TO - Volatility Comparison
Brookfield Corporation (BN.TO) has a higher volatility of 10.04% compared to Royal Bank of Canada (RY.TO) at 4.23%. This indicates that BN.TO's price experiences larger fluctuations and is considered to be riskier than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BN.TO | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.04% | 4.23% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 22.06% | 10.44% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.52% | 13.82% | +37.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.86% | 14.93% | +20.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.66% | 17.26% | +19.40% |
Dividends
BN.TO vs. RY.TO - Dividend Comparison
BN.TO's dividend yield for the trailing twelve months is around 0.54%, less than RY.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BN.TO Brookfield Corporation | 0.41% | 0.53% | 0.80% | 1.48% | 2.09% | 1.58% | 2.27% | 3.15% | 4.14% | 4.51% | 4.35% | 4.36% |
RY.TO Royal Bank of Canada | 2.28% | 2.58% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% |
Financials
BN.TO vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Corporation 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
BN.TO vs. RY.TO - Profitability Comparison
BN.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 1.83B and revenue of 18.35B. Therefore, the gross margin over that period was 10.0%.
RY.TO - 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 16.52B and revenue of 33.95B. Therefore, the gross margin over that period was 48.7%.
BN.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.38B and revenue of 18.35B, resulting in an operating margin of 23.9%.
RY.TO - 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 33.95B, resulting in an operating margin of 20.9%.
BN.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.33M and revenue of 18.35B, resulting in a net margin of 0.6%.
RY.TO - 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 33.95B, resulting in a net margin of 16.2%.
Frequently Asked Questions
BN.TO and RY.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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