CMA vs. RY

Last updated Jun 23, 2026

CMA (Comerica Incorporated) and RY (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — CMA in Banks - Regional, RY in Banks - Diversified. At a 0.44 correlation, their price movements are largely independent.

Performance

CMA vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Comerica Incorporated (CMA) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CMA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RY

• 1D: 0.59%
• 1M: 6.87%
• YTD: 20.58%
• 6M: 21.05%
• 1Y: 64.10%
• 3Y*: 34.75%
• 5Y*: 19.10%
• 10Y*: 17.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMA vs. RY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMA Comerica Incorporated	2.00%	46.73%	16.74%	-11.09%	-20.38%	61.53%	-16.79%	8.46%	-19.18%	29.34%
RY Royal Bank of Canada	20.58%	46.29%	23.80%	12.72%	-8.00%	34.11%	8.42%	20.17%	-12.88%	24.95%

Correlation

The correlation between CMA and RY is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Oct 16, 1995	0.44

Over the past year, the correlation between CMA and RY has dropped to 0.19 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Fundamentals

Market Cap CMA : $11.79B RY : $208.30B
EPS CMA : $5.44 RY : CA$18.17
PE Ratio CMA : 16.31 RY : 15.81
PS Ratio CMA : 2.46 RY : 2.52
PB Ratio CMA : 1.61 RY : 2.28
Total Revenue (TTM) CMA : $4.80B RY : CA$138.99B
Gross Profit (TTM) CMA : $3.27B RY : CA$65.64B
EBITDA (TTM) CMA : $989.00M RY : CA$30.01B

Return for Risk

CMA vs. RY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

RY

RY Risk / Return Rank: 97
RY Sharpe Ratio Rank: 98
RY Sortino Ratio Rank: 99
RY Omega Ratio Rank: 98
RY Calmar Ratio Rank: 95
RY Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMA vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Comerica Incorporated (CMA) 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.

	CMA	RY	Difference
Sharpe ratio: Return per unit of total volatility	—	4.28	—
Sortino ratio: Return per unit of downside risk	—	6.09	—
Omega ratio: Gain probability vs. loss probability	—	1.75	—
Calmar ratio: Return relative to maximum drawdown	—	6.42	—
Martin ratio: Return relative to average drawdown	—	23.93	—

Drawdowns

Drawdown Indicators

	CMA	RY	Difference
Max Drawdown Largest peak-to-trough decline	—	-62.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.04%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.95%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-9.31%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.69%	—

Volatility

Volatility by Period

	CMA	RY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.74%	—

Dividends

CMA vs. RY - Dividend Comparison

CMA has not paid dividends to shareholders, while RY's dividend yield for the trailing twelve months is around 2.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CMA Comerica Incorporated	1.60%	3.27%	4.59%	5.09%	4.07%	3.13%	4.87%	3.74%	2.68%	1.26%	1.31%	1.98%
RY Royal Bank of Canada	2.28%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%

Financials

CMA vs. RY - Profitability Comparison

The chart below illustrates the profitability comparison between Comerica Incorporated and Royal Bank of Canada over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Comerica Incorporated reported a gross profit of 836.00M and revenue of 1.21B. Therefore, the gross margin over that period was 69.4%.

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%.

CMA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Comerica Incorporated reported an operating income of 219.00M and revenue of 1.21B, resulting in an operating margin of 18.2%.

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%.

CMA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Comerica Incorporated reported a net income of 176.00M and revenue of 1.21B, resulting in a net margin of 14.6%.

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

Can I hold both CMA and RY in my portfolio?

CMA and RY have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.