NEM vs. RY.TO
NEM (Newmont Corporation) and RY.TO (Royal Bank of Canada) are both stocks. NEM operates in Gold (Basic Materials), while RY.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, NEM returned 13.80%/yr vs 17.10%/yr for RY.TO. At a 0.12 correlation, their price movements are largely independent.
Performance
NEM vs. RY.TO - Performance Comparison
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Different Trading Currencies
NEM is traded in USD, while RY.TO is traded in CAD. To make them comparable, the RY.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, NEM achieves a 0.82% return, which is significantly lower than RY.TO's 18.35% return. Over the past 10 years, NEM has underperformed RY.TO with an annualized return of 13.80%, while RY.TO has yielded a comparatively higher 17.10% annualized return.
NEM
- 1D
- 2.71%
- 1M
- -15.55%
- YTD
- 0.82%
- 6M
- 2.58%
- 1Y
- 81.14%
- 3Y*
- 36.14%
- 5Y*
- 10.51%
- 10Y*
- 13.80%
RY.TO
- 1D
- 0.07%
- 1M
- 10.66%
- YTD
- 18.35%
- 6M
- 22.02%
- 1Y
- 60.20%
- 3Y*
- 33.49%
- 5Y*
- 18.07%
- 10Y*
- 17.10%
NEM vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 0.82% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
RY.TO Royal Bank of Canada | 18.35% | 46.28% | 23.88% | 12.48% | -7.39% | 33.15% | 9.11% | 19.24% | -12.83% | 25.63% |
Correlation
The correlation between NEM and RY.TO is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.12 |
The correlation between NEM and RY.TO shifts across timeframes, from 0.07 (10 years) to 0.22 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NEM:
$6.34
RY.TO:
CA$15.77
NEM:
15.82
RY.TO:
17.69
NEM:
0.41
RY.TO:
2.60
NEM:
4.83
RY.TO:
3.25
NEM:
$17.23B
RY.TO:
CA$120.33B
NEM:
$8.97B
RY.TO:
CA$65.64B
NEM:
$13.78B
RY.TO:
CA$14.74B
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Return for Risk
NEM vs. RY.TO — Risk / Return Rank
NEM
RY.TO
NEM vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Newmont Corporation (NEM) 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.
| NEM | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.94 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.73 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 6.16 | -3.38 |
| Martin ratioReturn relative to average drawdown | 7.58 | 22.75 | -15.17 |
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Drawdowns
NEM vs. RY.TO - Drawdown Comparison
The maximum NEM drawdown since its inception was -81.30%, which is greater than RY.TO's maximum drawdown of -63.01%. Use the drawdown chart below to compare losses from any high point for NEM and RY.TO.
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Drawdown Indicators
| NEM | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.30% | -63.01% | -18.29% |
Max Drawdown (1Y)Largest decline over 1 year | -29.39% | -9.82% | -19.57% |
Max Drawdown (3Y)Largest decline over 3 years | -36.57% | -19.58% | -16.99% |
Max Drawdown (5Y)Largest decline over 5 years | -62.40% | -28.47% | -33.93% |
Max Drawdown (10Y)Largest decline over 10 years | -62.40% | -39.33% | -23.07% |
Current DrawdownCurrent decline from peak | -23.71% | 0.00% | -23.71% |
Average DrawdownAverage peak-to-trough decline | -41.37% | -9.84% | -31.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 2.65% | +8.08% |
Volatility
NEM vs. RY.TO - Volatility Comparison
Newmont Corporation (NEM) has a higher volatility of 15.74% compared to Royal Bank of Canada (RY.TO) at 4.33%. This indicates that NEM's price experiences larger fluctuations and is considered to be riskier 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
| NEM | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.74% | 4.33% | +11.41% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 10.83% | +26.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.44% | 14.58% | +32.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.99% | 16.55% | +21.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.67% | 18.66% | +17.01% |
Dividends
NEM vs. RY.TO - Dividend Comparison
NEM's dividend yield for the trailing twelve months is around 1.02%, less than RY.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.02% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
RY.TO Royal Bank of Canada | 2.28% | 2.58% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% |
Financials
NEM vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Newmont Corporation 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
Frequently Asked Questions
NEM and RY.TO have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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