EMA vs. RY

Last updated Jun 3, 2026

EMA (Emera Inc) and RY (Royal Bank of Canada) are both stocks. EMA operates in Utilities - Regulated Electric (Utilities), while RY operates in Banks - Diversified (Financial Services). Over the past year, EMA returned 17.09% vs 54.00% for RY. At a correlation of -0.04, they often move in opposite directions.

Performance

EMA vs. RY - Performance Comparison

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

Returns By Period

In the year-to-date period, EMA achieves a 6.00% return, which is significantly lower than RY's 13.68% return.

EMA

• 1D: 0.81%
• 1M: -3.26%
• YTD: 6.00%
• 6M: 8.05%
• 1Y: 17.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RY

• 1D: 1.36%
• 1M: 6.46%
• YTD: 13.68%
• 6M: 25.50%
• 1Y: 54.00%
• 3Y*: 32.28%
• 5Y*: 17.20%
• 10Y*: 16.43%

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

EMA vs. RY - Yearly Performance Comparison

	2026 (YTD)	2025
EMA Emera Inc	6.00%	12.99%
RY Royal Bank of Canada	13.68%	34.35%

Correlation

The correlation between EMA and RY is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (All Time) Calculated using the full available price history since May 29, 2025	-0.04

Fundamentals

Market Cap EMA : $15.59B RY : $196.37B
EPS EMA : $3.55 RY : $18.17
PE Ratio EMA : 14.42 RY : 10.52
PEG Ratio EMA : 0.46 RY : 1.52
PS Ratio EMA : 1.80 RY : 1.68
PB Ratio EMA : 1.70 RY : 1.52
Total Revenue (TTM) EMA : $8.59B RY : $138.99B
Gross Profit (TTM) EMA : $2.83B RY : $65.64B
EBITDA (TTM) EMA : $2.56B RY : $30.01B

Return for Risk

EMA vs. RY — Risk / Return Rank

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

EMA

EMA Risk / Return Rank: 76
EMA Sharpe Ratio Rank: 77
EMA Sortino Ratio Rank: 72
EMA Omega Ratio Rank: 69
EMA Calmar Ratio Rank: 80
EMA Martin Ratio Rank: 82

RY

RY Risk / Return Rank: 81
RY Sharpe Ratio Rank: 74
RY Sortino Ratio Rank: 73
RY Omega Ratio Rank: 95
RY Calmar Ratio Rank: 74
RY Martin Ratio Rank: 92

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.

EMA vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Emera Inc (EMA) 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.

	EMA	RY	Difference
Sharpe ratio Return per unit of total volatility	1.27	1.11	+0.16
Sortino ratio Return per unit of downside risk	1.86	1.92	-0.06
Omega ratio Gain probability vs. loss probability	1.22	1.57	-0.35
Calmar ratio Return relative to maximum drawdown	2.76	2.01	+0.75
Martin ratio Return relative to average drawdown	7.47	13.85	-6.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EMA vs. RY - Sharpe Ratio Comparison

The current EMA Sharpe Ratio is 1.27, which is comparable to the RY Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of EMA and RY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EMA	RY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	1.11	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.63	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	0.61	+0.82

Drawdowns

EMA vs. RY - Drawdown Comparison

The maximum EMA drawdown since its inception was -5.93%, smaller than the maximum RY drawdown of -62.90%. Use the drawdown chart below to compare losses from any high point for EMA and RY.

Drawdown Indicators

	EMA	RY	Difference
Max Drawdown Largest peak-to-trough decline	-5.93%	-62.90%	+56.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.93%	-27.63%	+21.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.63%	—
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	-4.42%	-26.64%	+22.22%
Average Drawdown Average peak-to-trough decline	-1.72%	-9.34%	+7.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.19%	4.00%	-1.81%

Volatility

EMA vs. RY - Volatility Comparison

The current volatility for Emera Inc (EMA) is 4.25%, while Royal Bank of Canada (RY) has a volatility of 46.47%. This indicates that EMA experiences smaller price fluctuations and is considered to be less risky than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMA	RY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	46.47%	-42.22%
Volatility (6M) Calculated over the trailing 6-month period	10.15%	46.78%	-36.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.58%	48.96%	-35.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.67%	27.54%	-13.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.67%	24.66%	-10.99%

Dividends

EMA vs. RY - Dividend Comparison

EMA's dividend yield for the trailing twelve months is around 3.86%, more than RY's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMA Emera Inc	3.86%	2.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RY Royal Bank of Canada	2.42%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%

Financials

EMA vs. RY - Profitability Comparison

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

EMA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a gross profit of 756.95M and revenue of 2.48B. Therefore, the gross margin over that period was 30.5%.

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%.

EMA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported an operating income of 626.62M and revenue of 2.48B, resulting in an operating margin of 25.3%.

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%.

EMA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Emera Inc reported a net income of 583.50M and revenue of 2.48B, resulting in a net margin of 23.5%.

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 EMA and RY in my portfolio?

EMA and RY have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMA or RY?

RY has higher volatility (46.47%) compared to EMA (4.25%). In terms of maximum drawdown, EMA dropped -5.93% vs RY's -62.90%.

Which has better risk-adjusted returns?

EMA currently has the higher Sharpe Ratio (1.27 vs 1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.