LIF.TO vs. RY

Last updated Jun 4, 2026

LIF.TO (Labrador Iron Ore Royalty Corporation) and RY (Royal Bank of Canada) are both stocks. LIF.TO operates in Steel (Basic Materials), while RY operates in Banks - Diversified (Financial Services). Over the past 10 years, LIF.TO returned 20.02%/yr vs 17.27%/yr for RY. At a 0.28 correlation, their price movements are largely independent.

Performance

LIF.TO vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Labrador Iron Ore Royalty Corporation (LIF.TO) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LIF.TO is traded in CAD, while RY is traded in USD. To make them comparable, the RY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LIF.TO achieves a -4.40% return, which is significantly lower than RY's 15.09% return. Over the past 10 years, LIF.TO has outperformed RY with an annualized return of 20.02%, while RY has yielded a comparatively lower 17.27% annualized return.

LIF.TO

• 1D: -2.35%
• 1M: 0.93%
• YTD: -4.40%
• 6M: -6.08%
• 1Y: 0.72%
• 3Y*: 3.90%
• 5Y*: -0.80%
• 10Y*: 20.02%

RY

• 1D: 0.38%
• 1M: 9.53%
• YTD: 15.09%
• 6M: 23.19%
• 1Y: 56.41%
• 3Y*: 33.81%
• 5Y*: 20.48%
• 10Y*: 17.27%

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

LIF.TO vs. RY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIF.TO Labrador Iron Ore Royalty Corporation	-4.40%	8.89%	0.14%	2.89%	-1.55%	33.21%	47.82%	17.31%	-4.27%	67.14%
RY Royal Bank of Canada	15.09%	39.58%	34.43%	10.24%	-1.45%	32.90%	6.59%	14.27%	-5.49%	16.99%

Correlation

The correlation between LIF.TO and RY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.28

Fundamentals

Market Cap LIF.TO : CA$1.81B RY : $196.32B
EPS LIF.TO : CA$1.45 RY : $18.17
PE Ratio LIF.TO : 19.52 RY : 10.52
PS Ratio LIF.TO : 10.88 RY : 1.68
PB Ratio LIF.TO : 2.83 RY : 1.52
Total Revenue (TTM) LIF.TO : CA$165.74M RY : $138.99B
Gross Profit (TTM) LIF.TO : CA$159.74M RY : $65.64B
EBITDA (TTM) LIF.TO : CA$93.44M RY : $30.01B

Return for Risk

LIF.TO vs. RY — Risk / Return Rank

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

LIF.TO

LIF.TO Risk / Return Rank: 39
LIF.TO Sharpe Ratio Rank: 42
LIF.TO Sortino Ratio Rank: 35
LIF.TO Omega Ratio Rank: 34
LIF.TO Calmar Ratio Rank: 42
LIF.TO Martin Ratio Rank: 41

RY

RY Risk / Return Rank: 95
RY Sharpe Ratio Rank: 96
RY Sortino Ratio Rank: 98
RY Omega Ratio Rank: 96
RY Calmar Ratio Rank: 92
RY Martin Ratio Rank: 95

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.

LIF.TO vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Labrador Iron Ore Royalty Corporation (LIF.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.

	LIF.TO	RY	Difference
Sharpe ratio Return per unit of total volatility	0.04	4.11	-4.07
Sortino ratio Return per unit of downside risk	0.19	5.96	-5.77
Omega ratio Gain probability vs. loss probability	1.02	1.76	-0.74
Calmar ratio Return relative to maximum drawdown	0.05	6.97	-6.92
Martin ratio Return relative to average drawdown	0.12	25.90	-25.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIF.TO vs. RY - Sharpe Ratio Comparison

The current LIF.TO Sharpe Ratio is 0.04, which is lower than the RY Sharpe Ratio of 4.11. The chart below compares the historical Sharpe Ratios of LIF.TO 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

	LIF.TO	RY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	4.11	-4.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	1.37	-1.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	1.03	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.92	-0.61

Drawdowns

LIF.TO vs. RY - Drawdown Comparison

The maximum LIF.TO drawdown since its inception was -76.24%, which is greater than RY's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for LIF.TO and RY.

Drawdown Indicators

	LIF.TO	RY	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	-34.16%	-42.08%
Max Drawdown (1Y) Largest decline over 1 year	-14.38%	-8.14%	-6.24%
Max Drawdown (3Y) Largest decline over 3 years	-16.63%	-15.65%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	-46.48%	-20.60%	-25.88%
Max Drawdown (10Y) Largest decline over 10 years	-57.86%	-34.16%	-23.70%
Current Drawdown Current decline from peak	-21.20%	0.00%	-21.20%
Average Drawdown Average peak-to-trough decline	-19.64%	-5.26%	-14.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	2.18%	+3.87%

Volatility

LIF.TO vs. RY - Volatility Comparison

Labrador Iron Ore Royalty Corporation (LIF.TO) has a higher volatility of 5.75% compared to Royal Bank of Canada (RY) at 4.27%. This indicates that LIF.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.

Volatility by Period

	LIF.TO	RY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	4.27%	+1.48%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	10.70%	+5.67%
Volatility (1Y) Calculated over the trailing 1-year period	19.59%	13.79%	+5.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.33%	15.03%	+13.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.52%	16.82%	+16.70%

Dividends

LIF.TO vs. RY - Dividend Comparison

LIF.TO's dividend yield for the trailing twelve months is around 4.78%, more than RY's 2.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIF.TO Labrador Iron Ore Royalty Corporation	4.78%	5.19%	10.37%	7.99%	9.23%	15.99%	9.35%	16.25%	7.22%	9.74%	5.37%	10.43%
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

LIF.TO vs. RY - Profitability Comparison

The chart below illustrates the profitability comparison between Labrador Iron Ore Royalty Corporation and Royal Bank of Canada over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LIF.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported a gross profit of 34.27M and revenue of 35.75M. Therefore, the gross margin over that period was 95.9%.

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%.

LIF.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported an operating income of 26.53M and revenue of 35.75M, resulting in an operating margin of 74.2%.

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%.

LIF.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Labrador Iron Ore Royalty Corporation reported a net income of 13.20M and revenue of 35.75M, resulting in a net margin of 36.9%.

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 LIF.TO and RY in my portfolio?

LIF.TO and RY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.