DHR vs. RY.TO
DHR (Danaher Corporation) and RY.TO (Royal Bank of Canada) are both stocks. DHR operates in Diagnostics & Research (Healthcare), while RY.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, DHR returned 11.06%/yr vs 17.10%/yr for RY.TO. At a 0.35 correlation, their price movements are largely independent.
Performance
DHR vs. RY.TO - Performance Comparison
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Different Trading Currencies
DHR is traded in USD, while RY.TO is traded in CAD. To make them comparable, the RY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DHR achieves a -21.16% return, which is significantly lower than RY.TO's 18.35% return. Over the past 10 years, DHR has underperformed RY.TO with an annualized return of 11.06%, while RY.TO has yielded a comparatively higher 17.10% annualized return.
DHR
- 1D
- -0.38%
- 1M
- 8.50%
- YTD
- -21.16%
- 6M
- -20.15%
- 1Y
- -11.58%
- 3Y*
- -5.06%
- 5Y*
- -3.39%
- 10Y*
- 11.06%
RY.TO
- 1D
- 0.07%
- 1M
- 10.66%
- YTD
- 18.35%
- 6M
- 22.02%
- 1Y
- 60.20%
- 3Y*
- 33.49%
- 5Y*
- 18.07%
- 10Y*
- 17.10%
DHR vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHR Danaher Corporation | -21.16% | 0.35% | -0.35% | -1.22% | -19.02% | 48.57% | 45.34% | 49.55% | 11.80% | 20.01% |
RY.TO Royal Bank of Canada | 18.35% | 46.28% | 23.88% | 12.48% | -7.39% | 33.15% | 9.11% | 19.24% | -12.83% | 25.63% |
Correlation
The correlation between DHR and RY.TO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.35 |
Fundamentals
DHR:
$128.09B
RY.TO:
CA$389.54B
DHR:
$5.17
RY.TO:
CA$15.77
DHR:
34.85
RY.TO:
17.69
DHR:
5.19
RY.TO:
3.25
DHR:
2.42
RY.TO:
3.01
DHR:
$24.78B
RY.TO:
CA$120.33B
DHR:
$15.04B
RY.TO:
CA$65.64B
DHR:
$6.69B
RY.TO:
CA$14.74B
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Return for Risk
DHR vs. RY.TO — Risk / Return Rank
DHR
RY.TO
DHR vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Danaher Corporation (DHR) 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.
| DHR | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.56 | ||
| Sortino ratioReturn per unit of downside risk | -6.46 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.73 | -0.78 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 6.16 | -6.51 |
| Martin ratioReturn relative to average drawdown | -0.84 | 22.75 | -23.59 |
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Drawdowns
DHR vs. RY.TO - Drawdown Comparison
The maximum DHR drawdown since its inception was -45.80%, smaller than the maximum RY.TO drawdown of -63.01%. Use the drawdown chart below to compare losses from any high point for DHR and RY.TO.
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Drawdown Indicators
| DHR | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.80% | -63.01% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -32.97% | -9.82% | -23.15% |
Max Drawdown (3Y)Largest decline over 3 years | -41.72% | -19.58% | -22.14% |
Max Drawdown (5Y)Largest decline over 5 years | -43.81% | -28.47% | -15.34% |
Max Drawdown (10Y)Largest decline over 10 years | -43.81% | -39.33% | -4.48% |
Current DrawdownCurrent decline from peak | -37.50% | 0.00% | -37.50% |
Average DrawdownAverage peak-to-trough decline | -10.22% | -9.84% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.85% | 2.65% | +11.20% |
Volatility
DHR vs. RY.TO - Volatility Comparison
Danaher Corporation (DHR) has a higher volatility of 9.21% compared to Royal Bank of Canada (RY.TO) at 4.33%. This indicates that DHR'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
| DHR | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.21% | 4.33% | +4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 19.52% | 10.83% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 14.58% | +13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.03% | 16.55% | +11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.55% | 18.66% | +6.89% |
Dividends
DHR vs. RY.TO - Dividend Comparison
DHR's dividend yield for the trailing twelve months is around 0.76%, less than RY.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHR Danaher Corporation | 0.76% | 0.56% | 0.47% | 12.64% | 0.38% | 0.26% | 0.32% | 0.44% | 0.62% | 0.60% | 32.55% | 0.58% |
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
DHR vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Danaher 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
DHR vs. RY.TO - Profitability Comparison
DHR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported a gross profit of 3.59B and revenue of 5.95B. Therefore, the gross margin over that period was 60.3%.
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%.
DHR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported an operating income of 1.34B and revenue of 5.95B, resulting in an operating margin of 22.6%.
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%.
DHR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Danaher Corporation reported a net income of 1.03B and revenue of 5.95B, resulting in a net margin of 17.3%.
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
DHR and RY.TO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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