LB.TO vs. RY.TO
LB.TO (Laurentian Bank of Canada) and RY.TO (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — LB.TO in Banks - Regional, RY.TO in Banks - Diversified. Over the past 10 years, LB.TO returned 3.41%/yr vs 18.48%/yr for RY.TO. At a 0.46 correlation, their price movements are largely independent.
Performance
LB.TO vs. RY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, LB.TO achieves a 2.85% return, which is significantly lower than RY.TO's 24.82% return. Over the past 10 years, LB.TO has underperformed RY.TO with an annualized return of 3.41%, while RY.TO has yielded a comparatively higher 18.48% annualized return.
LB.TO
- 1D
- 0.05%
- 1M
- 0.30%
- YTD
- 2.85%
- 6M
- 2.85%
- 1Y
- 38.70%
- 3Y*
- 15.10%
- 5Y*
- 3.64%
- 10Y*
- 3.41%
RY.TO
- 1D
- -0.13%
- 1M
- 9.04%
- YTD
- 24.82%
- 6M
- 24.89%
- 1Y
- 68.49%
- 3Y*
- 37.92%
- 5Y*
- 22.33%
- 10Y*
- 18.48%
LB.TO vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LB.TO Laurentian Bank of Canada | 2.85% | 48.25% | 11.32% | -9.82% | -15.45% | 33.93% | -25.22% | 23.86% | -28.54% | 2.23% |
RY.TO Royal Bank of Canada | 24.82% | 39.60% | 34.37% | 9.80% | -1.52% | 33.09% | 6.52% | 14.33% | -5.50% | 17.12% |
Correlation
The correlation between LB.TO and RY.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2006 | 0.46 |
Over the past year, the correlation between LB.TO and RY.TO has dropped to 0.22 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
Fundamentals
LB.TO:
CA$1.81B
RY.TO:
CA$402.25B
LB.TO:
CA$0.63
RY.TO:
CA$15.77
LB.TO:
64.78
RY.TO:
18.27
LB.TO:
0.94
RY.TO:
2.68
LB.TO:
0.88
RY.TO:
3.36
LB.TO:
0.72
RY.TO:
3.10
LB.TO:
CA$2.05B
RY.TO:
CA$120.33B
LB.TO:
CA$667.17M
RY.TO:
CA$65.64B
LB.TO:
CA$47.57M
RY.TO:
CA$14.74B
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Return for Risk
LB.TO vs. RY.TO — Risk / Return Rank
LB.TO
RY.TO
LB.TO vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Laurentian Bank of Canada (LB.TO) 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.
| LB.TO | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.91 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 10.04 | 8.47 | +1.56 |
| Martin ratioReturn relative to average drawdown | 33.69 | 31.47 | +2.22 |
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Drawdowns
LB.TO vs. RY.TO - Drawdown Comparison
The maximum LB.TO drawdown since its inception was -49.49%, smaller than the maximum RY.TO drawdown of -54.03%. Use the drawdown chart below to compare losses from any high point for LB.TO and RY.TO.
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Drawdown Indicators
| LB.TO | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.49% | -54.03% | +4.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.87% | -8.12% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -41.38% | -16.00% | -25.38% |
Max Drawdown (5Y)Largest decline over 5 years | -41.38% | -21.21% | -20.17% |
Max Drawdown (10Y)Largest decline over 10 years | -49.49% | -33.84% | -15.65% |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -6.71% | -8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 2.18% | -1.03% |
Volatility
LB.TO vs. RY.TO - Volatility Comparison
The current volatility for Laurentian Bank of Canada (LB.TO) is 0.80%, while Royal Bank of Canada (RY.TO) has a volatility of 3.52%. This indicates that LB.TO experiences smaller price fluctuations and is considered to be less risky 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
| LB.TO | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 3.52% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 10.35% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.12% | 13.83% | +7.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.40% | 14.94% | +11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.01% | 17.23% | +8.78% |
Dividends
LB.TO vs. RY.TO - Dividend Comparison
LB.TO's dividend yield for the trailing twelve months is around 4.64%, more than RY.TO's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LB.TO Laurentian Bank of Canada | 4.64% | 4.67% | 6.49% | 5.02% | 5.57% | 4.08% | 5.99% | 5.94% | 6.72% | 4.39% | 4.14% | 4.64% |
RY.TO Royal Bank of Canada | 2.21% | 2.58% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% |
Financials
LB.TO vs. RY.TO - 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
LB.TO vs. RY.TO - Profitability Comparison
LB.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported a gross profit of 114.22M and revenue of 453.55M. Therefore, the gross margin over that period was 25.2%.
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%.
LB.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported an operating income of -32.71M and revenue of 453.55M, resulting in an operating margin of -7.2%.
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%.
LB.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Laurentian Bank of Canada reported a net income of -20.59M and revenue of 453.55M, resulting in a net margin of -4.5%.
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
LB.TO and RY.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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