Correlation
The correlation between CHASX and RY is 0.56, 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.
CHASX vs. RY
Compare and contrast key facts about Chase Growth Fund (CHASX) and Royal Bank of Canada (RY).
CHASX is managed by Chase. It was launched on Dec 2, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHASX or RY.
Performance
CHASX vs. RY - Performance Comparison
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Key characteristics
CHASX:
0.40
RY:
1.47
CHASX:
0.63
RY:
1.99
CHASX:
1.09
RY:
1.26
CHASX:
0.34
RY:
1.75
CHASX:
1.08
RY:
4.96
CHASX:
7.36%
RY:
5.16%
CHASX:
21.48%
RY:
18.68%
CHASX:
-45.94%
RY:
-63.03%
CHASX:
-9.12%
RY:
0.00%
Returns By Period
In the year-to-date period, CHASX achieves a -3.78% return, which is significantly lower than RY's 8.44% return. Both investments have delivered pretty close results over the past 10 years, with CHASX having a 11.27% annualized return and RY not far ahead at 11.52%.
CHASX
-3.78%
8.10%
-6.58%
6.91%
17.27%
15.50%
11.27%
RY
8.44%
9.06%
4.48%
26.31%
12.91%
21.54%
11.52%
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Risk-Adjusted Performance
CHASX vs. RY — Risk-Adjusted Performance Rank
CHASX
RY
CHASX vs. RY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Chase Growth Fund (CHASX) 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
CHASX vs. RY - Dividend Comparison
CHASX's dividend yield for the trailing twelve months is around 20.99%, more than RY's 3.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHASX Chase Growth Fund | 20.99% | 20.20% | 5.80% | 5.49% | 20.15% | 7.83% | 11.41% | 12.92% | 11.92% | 9.14% | 10.24% | 19.40% |
RY Royal Bank of Canada | 3.22% | 3.39% | 3.93% | 4.12% | 3.28% | 3.86% | 3.88% | 4.29% | 3.28% | 3.59% | 4.54% | 3.73% |
Drawdowns
CHASX vs. RY - Drawdown Comparison
The maximum CHASX drawdown since its inception was -45.94%, smaller than the maximum RY drawdown of -63.03%. Use the drawdown chart below to compare losses from any high point for CHASX and RY.
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Volatility
CHASX vs. RY - Volatility Comparison
Chase Growth Fund (CHASX) has a higher volatility of 4.06% compared to Royal Bank of Canada (RY) at 3.12%. This indicates that CHASX'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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