Correlation
The correlation between LB.TO and RY is 0.38, 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.
LB.TO vs. RY
Compare and contrast key facts about Laurentian Bank of Canada (LB.TO) and Royal Bank of Canada (RY).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LB.TO or RY.
Performance
LB.TO vs. RY - Performance Comparison
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Key characteristics
LB.TO:
1.45
RY:
1.20
LB.TO:
1.57
RY:
1.71
LB.TO:
1.21
RY:
1.23
LB.TO:
0.53
RY:
1.49
LB.TO:
3.85
RY:
4.22
LB.TO:
5.80%
RY:
5.16%
LB.TO:
21.33%
RY:
18.04%
LB.TO:
-59.10%
RY:
-63.05%
LB.TO:
-23.01%
RY:
-1.12%
Fundamentals
LB.TO:
CA$1.35B
RY:
$179.94B
LB.TO:
CA$3.00
RY:
$9.15
LB.TO:
10.12
RY:
13.93
LB.TO:
1.85
RY:
2.38
LB.TO:
1.44
RY:
3.09
LB.TO:
0.52
RY:
2.03
LB.TO:
CA$742.08M
RY:
$62.13B
LB.TO:
CA$197.08M
RY:
$46.47B
LB.TO:
CA$54.13M
RY:
$14.16B
Returns By Period
In the year-to-date period, LB.TO achieves a 8.40% return, which is significantly higher than RY's 7.65% return. Over the past 10 years, LB.TO has underperformed RY with an annualized return of 0.69%, while RY has yielded a comparatively higher 11.44% annualized return.
LB.TO
8.40%
11.38%
5.89%
30.84%
-4.03%
5.49%
0.69%
RY
7.65%
5.13%
4.00%
21.57%
11.08%
17.08%
11.44%
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Risk-Adjusted Performance
LB.TO vs. RY — Risk-Adjusted Performance Rank
LB.TO
RY
LB.TO vs. RY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Laurentian Bank of Canada (LB.TO) 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.
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Dividends
LB.TO vs. RY - Dividend Comparison
LB.TO's dividend yield for the trailing twelve months is around 6.52%, more than RY's 3.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LB.TO Laurentian Bank of Canada | 6.52% | 6.84% | 5.02% | 5.57% | 4.08% | 5.99% | 5.94% | 6.72% | 4.39% | 4.14% | 5.57% | 4.18% |
RY Royal Bank of Canada | 3.24% | 3.39% | 3.93% | 4.12% | 3.28% | 3.86% | 3.88% | 4.29% | 3.28% | 3.59% | 4.54% | 3.73% |
Drawdowns
LB.TO vs. RY - Drawdown Comparison
The maximum LB.TO drawdown since its inception was -59.10%, smaller than the maximum RY drawdown of -63.05%. Use the drawdown chart below to compare losses from any high point for LB.TO and RY.
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Volatility
LB.TO vs. RY - Volatility Comparison
Laurentian Bank of Canada (LB.TO) has a higher volatility of 6.13% compared to Royal Bank of Canada (RY) at 4.74%. This indicates that LB.TO'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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Financials
LB.TO vs. RY - Financials Comparison
This section allows you to compare key financial metrics between Laurentian Bank of Canada 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