NTRS vs. RY.TO
NTRS (Northern Trust Corporation) and RY.TO (Royal Bank of Canada) are both stocks. Both are in the Financial Services sector — NTRS in Asset Management, RY.TO in Banks - Diversified. Over the past 10 years, NTRS returned 12.65%/yr vs 17.10%/yr for RY.TO. At a 0.43 correlation, their price movements are largely independent.
Performance
NTRS vs. RY.TO - Performance Comparison
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Different Trading Currencies
NTRS 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, NTRS achieves a 28.95% return, which is significantly higher than RY.TO's 18.35% return. Over the past 10 years, NTRS has underperformed RY.TO with an annualized return of 12.65%, while RY.TO has yielded a comparatively higher 17.10% annualized return.
NTRS
- 1D
- 2.10%
- 1M
- 7.47%
- YTD
- 28.95%
- 6M
- 27.15%
- 1Y
- 63.49%
- 3Y*
- 36.66%
- 5Y*
- 11.48%
- 10Y*
- 12.65%
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%
NTRS vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTRS Northern Trust Corporation | 28.95% | 36.92% | 25.63% | -1.02% | -23.82% | 31.65% | -9.29% | 30.59% | -14.68% | 14.18% |
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 NTRS and RY.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.43 |
The correlation between NTRS and RY.TO shifts across timeframes, from 0.32 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NTRS:
$9.09
RY.TO:
CA$15.77
NTRS:
19.17
RY.TO:
17.69
NTRS:
1.51
RY.TO:
2.60
NTRS:
2.33
RY.TO:
3.25
NTRS:
$14.30B
RY.TO:
CA$120.33B
NTRS:
$8.09B
RY.TO:
CA$65.64B
NTRS:
$3.21B
RY.TO:
CA$14.74B
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Return for Risk
NTRS vs. RY.TO — Risk / Return Rank
NTRS
RY.TO
NTRS vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Corporation (NTRS) 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.
| NTRS | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.73 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 6.16 | -1.01 |
| Martin ratioReturn relative to average drawdown | 13.90 | 22.75 | -8.85 |
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Drawdowns
NTRS vs. RY.TO - Drawdown Comparison
The maximum NTRS drawdown since its inception was -67.67%, 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 NTRS and RY.TO.
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Drawdown Indicators
| NTRS | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.67% | -63.01% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -9.82% | -2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -25.21% | -19.58% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -50.03% | -28.47% | -21.56% |
Max Drawdown (10Y)Largest decline over 10 years | -50.03% | -39.33% | -10.70% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -20.95% | -9.84% | -11.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.65% | +1.93% |
Volatility
NTRS vs. RY.TO - Volatility Comparison
Northern Trust Corporation (NTRS) has a higher volatility of 6.42% compared to Royal Bank of Canada (RY.TO) at 4.33%. This indicates that NTRS'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
| NTRS | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.42% | 4.33% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 10.83% | +8.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 14.58% | +11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.63% | 16.55% | +13.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.40% | 18.66% | +11.74% |
Dividends
NTRS vs. RY.TO - Dividend Comparison
NTRS's dividend yield for the trailing twelve months is around 1.84%, less than RY.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTRS Northern Trust Corporation | 1.84% | 2.27% | 2.93% | 3.56% | 3.28% | 2.34% | 3.01% | 2.45% | 2.32% | 1.60% | 1.66% | 1.96% |
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
NTRS vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Northern Trust 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
NTRS vs. RY.TO - Profitability Comparison
NTRS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported a gross profit of 2.12B and revenue of 3.61B. Therefore, the gross margin over that period was 58.8%.
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%.
NTRS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported an operating income of 625.80M and revenue of 3.61B, resulting in an operating margin of 17.3%.
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%.
NTRS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northern Trust Corporation reported a net income of 466.00M and revenue of 3.61B, resulting in a net margin of 12.9%.
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
NTRS and RY.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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