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DIV.TO vs. PZA.TO
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Performance

DIV.TO vs. PZA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Diversified Royalty Corp. (DIV.TO) and Pizza Pizza Royalty Corp. (PZA.TO). The values are adjusted to include any dividend payments, if applicable.

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DIV.TO vs. PZA.TO - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
DIV.TO
Diversified Royalty Corp.
12.51%38.92%16.26%-0.40%14.10%28.13%-16.15%19.62%-12.04%46.20%
PZA.TO
Pizza Pizza Royalty Corp.
-2.34%27.83%-5.27%14.91%20.70%39.06%1.68%18.97%-40.39%-3.55%

Fundamentals

Market Cap

DIV.TO:

CA$761.48M

PZA.TO:

CA$503.64M

EPS

DIV.TO:

CA$0.21

PZA.TO:

CA$0.94

PE Ratio

DIV.TO:

19.71

PZA.TO:

16.07

PEG Ratio

DIV.TO:

1.39

PZA.TO:

2.50

PS Ratio

DIV.TO:

10.21

PZA.TO:

12.35

PB Ratio

DIV.TO:

2.64

PZA.TO:

1.67

Total Revenue (TTM)

DIV.TO:

CA$70.81M

PZA.TO:

CA$40.79M

Gross Profit (TTM)

DIV.TO:

CA$70.78M

PZA.TO:

CA$20.08M

EBITDA (TTM)

DIV.TO:

CA$64.09M

PZA.TO:

CA$39.96M

Returns By Period

In the year-to-date period, DIV.TO achieves a 12.51% return, which is significantly higher than PZA.TO's -2.34% return. Over the past 10 years, DIV.TO has outperformed PZA.TO with an annualized return of 15.67%, while PZA.TO has yielded a comparatively lower 7.68% annualized return.


DIV.TO

1D
1.99%
1M
-3.84%
YTD
12.51%
6M
14.36%
1Y
57.72%
3Y*
20.16%
5Y*
19.90%
10Y*
15.67%

PZA.TO

1D
0.80%
1M
-9.74%
YTD
-2.34%
6M
0.71%
1Y
15.82%
3Y*
9.85%
5Y*
14.83%
10Y*
7.68%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

DIV.TO vs. PZA.TO — Risk / Return Rank

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

DIV.TO
DIV.TO Risk / Return Rank: 9696
Overall Rank
DIV.TO Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
DIV.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
DIV.TO Omega Ratio Rank: 9696
Omega Ratio Rank
DIV.TO Calmar Ratio Rank: 9696
Calmar Ratio Rank
DIV.TO Martin Ratio Rank: 9797
Martin Ratio Rank

PZA.TO
PZA.TO Risk / Return Rank: 7070
Overall Rank
PZA.TO Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
PZA.TO Sortino Ratio Rank: 6363
Sortino Ratio Rank
PZA.TO Omega Ratio Rank: 6969
Omega Ratio Rank
PZA.TO Calmar Ratio Rank: 6969
Calmar Ratio Rank
PZA.TO Martin Ratio Rank: 7474
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.

DIV.TO vs. PZA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Diversified Royalty Corp. (DIV.TO) and Pizza Pizza Royalty Corp. (PZA.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.


DIV.TOPZA.TODifference

Sharpe ratio

Return per unit of total volatility

2.81

0.98

+1.83

Sortino ratio

Return per unit of downside risk

4.14

1.27

+2.87

Omega ratio

Gain probability vs. loss probability

1.55

1.20

+0.35

Calmar ratio

Return relative to maximum drawdown

6.04

1.34

+4.70

Martin ratio

Return relative to average drawdown

19.39

4.25

+15.14

DIV.TO vs. PZA.TO - Sharpe Ratio Comparison

The current DIV.TO Sharpe Ratio is 2.81, which is higher than the PZA.TO Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of DIV.TO and PZA.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


DIV.TOPZA.TODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.81

0.98

+1.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.98

0.89

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

0.37

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.51

-0.41

Correlation

The correlation between DIV.TO and PZA.TO is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Dividends

DIV.TO vs. PZA.TO - Dividend Comparison

DIV.TO's dividend yield for the trailing twelve months is around 6.66%, more than PZA.TO's 5.68% yield.


TTM20252024202320222021202020192018201720162015
DIV.TO
Diversified Royalty Corp.
6.66%7.12%8.59%8.79%7.45%7.41%8.87%7.26%8.06%6.59%8.87%8.39%
PZA.TO
Pizza Pizza Royalty Corp.
5.68%6.00%7.19%6.05%5.87%5.70%7.32%8.72%9.52%5.26%4.80%5.99%

Drawdowns

DIV.TO vs. PZA.TO - Drawdown Comparison

The maximum DIV.TO drawdown since its inception was -99.64%, which is greater than PZA.TO's maximum drawdown of -61.78%. Use the drawdown chart below to compare losses from any high point for DIV.TO and PZA.TO.


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Drawdown Indicators


DIV.TOPZA.TODifference

Max Drawdown

Largest peak-to-trough decline

-99.64%

-61.78%

-37.86%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-12.28%

+2.36%

Max Drawdown (5Y)

Largest decline over 5 years

-25.32%

-18.09%

-7.23%

Max Drawdown (10Y)

Largest decline over 10 years

-64.32%

-61.78%

-2.54%

Current Drawdown

Current decline from peak

-62.14%

-9.74%

-52.40%

Average Drawdown

Average peak-to-trough decline

-73.63%

-10.95%

-62.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.09%

3.88%

-0.79%

Volatility

DIV.TO vs. PZA.TO - Volatility Comparison

Diversified Royalty Corp. (DIV.TO) has a higher volatility of 8.80% compared to Pizza Pizza Royalty Corp. (PZA.TO) at 7.95%. This indicates that DIV.TO's price experiences larger fluctuations and is considered to be riskier than PZA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


DIV.TOPZA.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

8.80%

7.95%

+0.85%

Volatility (6M)

Calculated over the trailing 6-month period

14.12%

12.07%

+2.05%

Volatility (1Y)

Calculated over the trailing 1-year period

20.68%

16.19%

+4.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.40%

16.68%

+3.72%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.76%

20.80%

+6.96%

Financials

DIV.TO vs. PZA.TO - Financials Comparison

This section allows you to compare key financial metrics between Diversified Royalty Corp. and Pizza Pizza Royalty Corp.. 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


8.00M10.00M12.00M14.00M16.00M18.00M20.00MAprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
19.06M
10.55M
(DIV.TO) Total Revenue
(PZA.TO) Total Revenue
Values in CAD except per share items

DIV.TO vs. PZA.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Diversified Royalty Corp. and Pizza Pizza Royalty Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

0.0%20.0%40.0%60.0%80.0%100.0%AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025AprilJulyOctober
99.9%
0
Portfolio components
DIV.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Diversified Royalty Corp. reported a gross profit of 19.03M and revenue of 19.06M. Therefore, the gross margin over that period was 99.9%.

PZA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pizza Pizza Royalty Corp. reported a gross profit of 0.00 and revenue of 10.55M. Therefore, the gross margin over that period was 0.0%.

DIV.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Diversified Royalty Corp. reported an operating income of 18.23M and revenue of 19.06M, resulting in an operating margin of 95.6%.

PZA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pizza Pizza Royalty Corp. reported an operating income of 10.34M and revenue of 10.55M, resulting in an operating margin of 98.0%.

DIV.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Diversified Royalty Corp. reported a net income of 11.01M and revenue of 19.06M, resulting in a net margin of 57.8%.

PZA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pizza Pizza Royalty Corp. reported a net income of 7.99M and revenue of 10.55M, resulting in a net margin of 75.7%.