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DFN.TO vs. RY.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

DFN.TO vs. RY.TO

Last updated Jun 14, 2026

DFN.TO (Dividend 15 Split Corp.) and RY.TO (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — DFN.TO in Asset Management, RY.TO in Banks - Diversified. Over the past 10 years, DFN.TO returned 12.95%/yr vs 18.12%/yr for RY.TO. At a 0.39 correlation, their price movements are largely independent.

Performance

DFN.TO vs. RY.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dividend 15 Split Corp. (DFN.TO) and Royal Bank of Canada (RY.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DFN.TO achieves a 18.86% return, which is significantly lower than RY.TO's 20.87% return. Over the past 10 years, DFN.TO has underperformed RY.TO with an annualized return of 12.95%, while RY.TO has yielded a comparatively higher 18.12% annualized return.

DFN.TO

1D
0.48%
1M
6.18%
YTD
18.86%
6M
23.76%
1Y
61.46%
3Y*
24.08%
5Y*
17.32%
10Y*
12.95%

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

DFN.TO vs. RY.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DFN.TO
Dividend 15 Split Corp.		18.86%46.96%38.64%-19.97%9.39%37.70%-11.45%27.39%-19.31%12.49%
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 DFN.TO and RY.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.39

The correlation between DFN.TO and RY.TO shifts across timeframes, from 0.39 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap

DFN.TO:

CA$1.14B

RY.TO:

CA$389.54B

EPS

DFN.TO:

CA$2.58

RY.TO:

CA$15.77

PE Ratio

DFN.TO:

3.23

RY.TO:

17.69

PEG Ratio

DFN.TO:

0.11

RY.TO:

2.60

PS Ratio

DFN.TO:

8.22

RY.TO:

3.25

PB Ratio

DFN.TO:

1.04

RY.TO:

3.01

Total Revenue (TTM)

DFN.TO:

CA$138.51M

RY.TO:

CA$120.33B

Gross Profit (TTM)

DFN.TO:

CA$125.98M

RY.TO:

CA$65.64B

EBITDA (TTM)

DFN.TO:

CA$382.25M

RY.TO:

CA$14.74B

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Dividend 15 Split Corp.

Royal Bank of Canada

Often compared with DFN.TO:
DFN.TO vs. DF.TODFN.TO vs. FFN.TODFN.TO vs. FTN.TODFN.TO vs. DGS.TODFN.TO vs. BK.TODFN.TO vs. LBS.TODFN.TO vs. SBC.TO
Often compared with RY.TO:
RY.TO vs. TD.TORY.TO vs. VDY.TORY.TO vs. BMO.TORY.TO vs. CNR.TORY.TO vs. BNS.TORY.TO vs. XDIV.TORY.TO vs. CM.TO

Return for Risk

DFN.TO vs. RY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DFN.TO
DFN.TO Risk / Return Rank: 9797
Overall Rank
DFN.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
DFN.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
DFN.TO Omega Ratio Rank: 9999
Omega Ratio Rank
DFN.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
DFN.TO Martin Ratio Rank: 9797
Martin Ratio Rank
RY.TO
RY.TO Risk / Return Rank: 9898
Overall Rank
RY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
RY.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
RY.TO Omega Ratio Rank: 9999
Omega Ratio Rank
RY.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
RY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
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.

DFN.TO vs. RY.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dividend 15 Split Corp. (DFN.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.

DFN.TORY.TODifference
Sharpe ratioReturn per unit of total volatility
3.84
4.65

-0.81

Sortino ratioReturn per unit of downside risk
4.50
6.62

-2.11

Omega ratioGain probability vs. loss probability

1.86

1.85

+0.01

Calmar ratioReturn relative to maximum drawdown

5.35

7.91

-2.57

Martin ratioReturn relative to average drawdown

26.26

29.39

-3.13

DFN.TO vs. RY.TO - Sharpe Ratio Comparison

The current DFN.TO Sharpe Ratio is 3.84, which is comparable to the RY.TO Sharpe Ratio of 4.65. The chart below compares the historical Sharpe Ratios of DFN.TO and RY.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DFN.TO vs. RY.TO - Drawdown Comparison

The maximum DFN.TO drawdown since its inception was -71.55%, 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 DFN.TO and RY.TO.

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Drawdown Indicators

DFN.TORY.TODifference

Max Drawdown

Largest peak-to-trough decline

-71.55%

-54.03%

-17.52%

Max Drawdown (1Y)

Largest decline over 1 year

-11.45%

-8.12%

-3.33%

Max Drawdown (3Y)

Largest decline over 3 years

-53.53%

-16.00%

-37.53%

Max Drawdown (5Y)

Largest decline over 5 years

-55.26%

-21.21%

-34.05%

Max Drawdown (10Y)

Largest decline over 10 years

-58.39%

-33.84%

-24.55%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-10.73%

-6.72%

-4.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.33%

2.18%

+0.15%

Volatility

DFN.TO vs. RY.TO - Volatility Comparison

The current volatility for Dividend 15 Split Corp. (DFN.TO) is 3.13%, while Royal Bank of Canada (RY.TO) has a volatility of 4.23%. This indicates that DFN.TO experiences smaller price fluctuations and is considered to be less risky 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

DFN.TORY.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

4.23%

-1.10%

Volatility (6M)

Calculated over the trailing 6-month period

14.57%

10.44%

+4.13%

Volatility (1Y)

Calculated over the trailing 1-year period

15.95%

13.82%

+2.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.87%

14.93%

+10.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

30.26%

17.26%

+13.00%

Dividends

DFN.TO vs. RY.TO - Dividend Comparison

DFN.TO's dividend yield for the trailing twelve months is around 14.41%, more than RY.TO's 2.28% yield.

PositionTTM20252024202320222021202020192018201720162015
DFN.TO
Dividend 15 Split Corp.		14.41%16.06%17.92%14.87%15.94%15.00%11.83%13.99%15.54%11.08%11.17%11.76%
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

DFN.TO vs. RY.TO - Financials Comparison

This section allows you to compare key financial metrics between Dividend 15 Split Corp. 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0010.00B20.00B30.00B40.00BOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober2026April
43.47M
33.95B
(DFN.TO) Total Revenue
(RY.TO) Total Revenue
Values in CAD except per share items

Frequently Asked Questions

DFN.TO and RY.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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