FHI vs. RY
FHI (Federated Hermes, Inc.) and RY (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — FHI in Asset Management, RY in Banks - Diversified. Over the past 10 years, FHI returned 11.31%/yr vs 16.63%/yr for RY. At a 0.38 correlation, their price movements are largely independent.
Performance
FHI vs. RY - Performance Comparison
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Returns By Period
In the year-to-date period, FHI achieves a 10.86% return, which is significantly lower than RY's 16.17% return. Over the past 10 years, FHI has underperformed RY with an annualized return of 11.31%, while RY has yielded a comparatively higher 16.63% annualized return.
FHI
- 1D
- -0.14%
- 1M
- 1.79%
- YTD
- 10.86%
- 6M
- 14.99%
- 1Y
- 38.36%
- 3Y*
- 19.65%
- 5Y*
- 16.33%
- 10Y*
- 11.31%
RY
- 1D
- 0.66%
- 1M
- 7.51%
- YTD
- 16.17%
- 6M
- 21.22%
- 1Y
- 57.80%
- 3Y*
- 33.05%
- 5Y*
- 17.96%
- 10Y*
- 16.63%
FHI vs. RY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHI Federated Hermes, Inc. | 10.86% | 30.45% | 29.60% | -3.72% | -0.16% | 34.68% | -3.79% | 27.07% | -23.34% | 32.26% |
RY Royal Bank of Canada | 16.17% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
Correlation
The correlation between FHI and RY 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 | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 15, 1998 | 0.38 |
Fundamentals
FHI:
$4.14B
RY:
$200.68B
FHI:
$5.35
RY:
$18.17
FHI:
10.65
RY:
10.75
FHI:
0.50
RY:
1.56
FHI:
2.28
RY:
1.71
FHI:
2.66
RY:
1.55
FHI:
$1.86B
RY:
$138.99B
FHI:
$958.45M
RY:
$65.64B
FHI:
$564.21M
RY:
$30.01B
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Return for Risk
FHI vs. RY — Risk / Return Rank
FHI
RY
FHI vs. RY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated Hermes, Inc. (FHI) 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.
| FHI | RY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.14 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.68 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 5.79 | -2.72 |
| Martin ratioReturn relative to average drawdown | 9.52 | 21.54 | -12.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FHI | RY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 3.86 | -2.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.00 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.84 | -0.49 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.65 | -0.37 |
Drawdowns
FHI vs. RY - Drawdown Comparison
The maximum FHI drawdown since its inception was -64.89%, roughly equal to the maximum RY drawdown of -62.90%. Use the drawdown chart below to compare losses from any high point for FHI and RY.
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Drawdown Indicators
| FHI | RY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.89% | -62.90% | -1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -10.04% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -20.17% | -19.88% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -29.61% | -28.36% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | -64.89% | -39.95% | -24.94% |
Current DrawdownCurrent decline from peak | -1.63% | 0.00% | -1.63% |
Average DrawdownAverage peak-to-trough decline | -15.74% | -9.32% | -6.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 2.69% | +1.35% |
Volatility
FHI vs. RY - Volatility Comparison
Federated Hermes, Inc. (FHI) has a higher volatility of 6.88% compared to Royal Bank of Canada (RY) at 4.34%. This indicates that FHI's price experiences larger fluctuations and is considered to be riskier than RY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHI | RY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.88% | 4.34% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.64% | 11.36% | +6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.44% | 15.09% | +7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 18.00% | +6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.44% | 19.77% | +12.67% |
Dividends
FHI vs. RY - Dividend Comparison
FHI's dividend yield for the trailing twelve months is around 2.46%, more than RY's 2.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHI Federated Hermes, Inc. | 2.46% | 2.55% | 5.38% | 3.38% | 2.97% | 2.87% | 7.20% | 3.31% | 3.99% | 2.77% | 7.07% | 3.49% |
RY Royal Bank of Canada | 2.37% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
FHI vs. RY - Financials Comparison
This section allows you to compare key financial metrics between Federated Hermes, Inc. 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
FHI vs. RY - Profitability Comparison
FHI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federated Hermes, Inc. reported a gross profit of 0.00 and revenue of 478.96M. Therefore, the gross margin over that period was 0.0%.
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%.
FHI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federated Hermes, Inc. reported an operating income of 126.33M and revenue of 478.96M, resulting in an operating margin of 26.4%.
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%.
FHI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federated Hermes, Inc. reported a net income of 95.95M and revenue of 478.96M, resulting in a net margin of 20.0%.
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
FHI and RY 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.
FHI has higher volatility (6.88%) compared to RY (4.34%). In terms of maximum drawdown, FHI dropped -64.89% vs RY's -62.90%.
RY currently has the higher Sharpe Ratio (3.86 vs 1.72), 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.
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