RBA.TO vs. CSU.TO

Last updated Jun 4, 2026

RBA.TO (Ritchie Bros. Auctioneers Incorporated) and CSU.TO (Constellation Software Inc.) are both stocks. RBA.TO operates in Specialty Business Services (Industrials), while CSU.TO operates in Software - Application (Technology). Over the past 10 years, RBA.TO returned 14.99%/yr vs 19.78%/yr for CSU.TO. At a 0.17 correlation, their price movements are largely independent.

Performance

RBA.TO vs. CSU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Ritchie Bros. Auctioneers Incorporated (RBA.TO) and Constellation Software Inc. (CSU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RBA.TO achieves a 0.97% return, which is significantly higher than CSU.TO's -16.65% return. Over the past 10 years, RBA.TO has underperformed CSU.TO with an annualized return of 14.99%, while CSU.TO has yielded a comparatively higher 19.78% annualized return.

RBA.TO

• 1D: -2.12%
• 1M: -0.55%
• YTD: 0.97%
• 6M: 4.13%
• 1Y: -0.87%
• 3Y*: 25.99%
• 5Y*: 16.82%
• 10Y*: 14.99%

CSU.TO

• 1D: -4.67%
• 1M: 11.30%
• YTD: -16.65%
• 6M: -16.41%
• 1Y: -44.30%
• 3Y*: -0.15%
• 5Y*: 9.94%
• 10Y*: 19.78%

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

RBA.TO vs. CSU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RBA.TO Ritchie Bros. Auctioneers Incorporated	0.97%	10.20%	48.36%	18.29%	2.75%	-11.19%	61.44%	27.31%	21.09%	-15.06%
CSU.TO Constellation Software Inc.	-16.65%	-25.63%	35.48%	58.92%	-9.69%	42.35%	41.33%	48.51%	15.31%	25.83%

Correlation

The correlation between RBA.TO and CSU.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since May 19, 2006	0.17

Fundamentals

Market Cap RBA.TO : CA$26.60B CSU.TO : CA$58.28B
EPS RBA.TO : CA$2.40 CSU.TO : CA$34.85
PE Ratio RBA.TO : 59.06 CSU.TO : 78.91
PEG Ratio RBA.TO : 1.02 CSU.TO : 4.15
PS Ratio RBA.TO : 5.63 CSU.TO : 4.80
PB Ratio RBA.TO : 4.73 CSU.TO : 15.00
Total Revenue (TTM) RBA.TO : CA$4.71B CSU.TO : CA$12.15B
Gross Profit (TTM) RBA.TO : CA$2.01B CSU.TO : CA$5.28B
EBITDA (TTM) RBA.TO : CA$1.47B CSU.TO : CA$3.23B

Return for Risk

RBA.TO vs. CSU.TO — Risk / Return Rank

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

RBA.TO

RBA.TO Risk / Return Rank: 37
RBA.TO Sharpe Ratio Rank: 39
RBA.TO Sortino Ratio Rank: 33
RBA.TO Omega Ratio Rank: 33
RBA.TO Calmar Ratio Rank: 39
RBA.TO Martin Ratio Rank: 39

CSU.TO

CSU.TO Risk / Return Rank: 7
CSU.TO Sharpe Ratio Rank: 3
CSU.TO Sortino Ratio Rank: 4
CSU.TO Omega Ratio Rank: 6
CSU.TO Calmar Ratio Rank: 10
CSU.TO Martin Ratio Rank: 12

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.

RBA.TO vs. CSU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ritchie Bros. Auctioneers Incorporated (RBA.TO) and Constellation Software Inc. (CSU.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.

	RBA.TO	CSU.TO	Difference
Sharpe ratio Return per unit of total volatility	-0.03	-1.10	+1.07
Sortino ratio Return per unit of downside risk	0.12	-1.65	+1.77
Omega ratio Gain probability vs. loss probability	1.02	0.81	+0.21
Calmar ratio Return relative to maximum drawdown	-0.04	-0.81	+0.76
Martin ratio Return relative to average drawdown	-0.08	-1.25	+1.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RBA.TO vs. CSU.TO - Sharpe Ratio Comparison

The current RBA.TO Sharpe Ratio is -0.03, which is higher than the CSU.TO Sharpe Ratio of -1.10. The chart below compares the historical Sharpe Ratios of RBA.TO and CSU.TO, 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

	RBA.TO	CSU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	-1.10	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.35	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.73	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.18	-0.72

Drawdowns

RBA.TO vs. CSU.TO - Drawdown Comparison

The maximum RBA.TO drawdown since its inception was -38.47%, smaller than the maximum CSU.TO drawdown of -56.38%. Use the drawdown chart below to compare losses from any high point for RBA.TO and CSU.TO.

Drawdown Indicators

	RBA.TO	CSU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.47%	-56.38%	+17.91%
Max Drawdown (1Y) Largest decline over 1 year	-20.24%	-55.16%	+34.92%
Max Drawdown (3Y) Largest decline over 3 years	-20.24%	-56.38%	+36.14%
Max Drawdown (5Y) Largest decline over 5 years	-30.06%	-56.38%	+26.32%
Max Drawdown (10Y) Largest decline over 10 years	-38.02%	-56.38%	+18.36%
Current Drawdown Current decline from peak	-12.79%	-46.84%	+34.05%
Average Drawdown Average peak-to-trough decline	-12.69%	-6.84%	-5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.89%	35.35%	-24.46%

Volatility

RBA.TO vs. CSU.TO - Volatility Comparison

The current volatility for Ritchie Bros. Auctioneers Incorporated (RBA.TO) is 6.21%, while Constellation Software Inc. (CSU.TO) has a volatility of 14.72%. This indicates that RBA.TO experiences smaller price fluctuations and is considered to be less risky than CSU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RBA.TO	CSU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	14.72%	-8.51%
Volatility (6M) Calculated over the trailing 6-month period	21.69%	32.67%	-10.98%
Volatility (1Y) Calculated over the trailing 1-year period	25.40%	40.26%	-14.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.32%	28.20%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.82%	27.25%	+2.57%

Dividends

RBA.TO vs. CSU.TO - Dividend Comparison

RBA.TO's dividend yield for the trailing twelve months is around 1.21%, more than CSU.TO's 0.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSU.TO Constellation Software Inc.	0.20%	0.17%	0.12%	0.16%	0.25%	0.21%	0.30%	2.53%	0.60%	0.68%	0.86%	0.90%
RBA.TO Ritchie Bros. Auctioneers Incorporated	1.21%	1.19%	1.18%	3.62%	1.73%	1.52%	1.27%	1.82%	2.03%	2.81%	2.66%	2.77%

Financials

RBA.TO vs. CSU.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Ritchie Bros. Auctioneers Incorporated and Constellation Software Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RBA.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ritchie Bros. Auctioneers Incorporated reported a gross profit of 428.95M and revenue of 1.21B. Therefore, the gross margin over that period was 35.3%.

CSU.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc. reported a gross profit of 731.81M and revenue of 3.13B. Therefore, the gross margin over that period was 23.4%.

RBA.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ritchie Bros. Auctioneers Incorporated reported an operating income of 220.62M and revenue of 1.21B, resulting in an operating margin of 18.2%.

CSU.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc. reported an operating income of 451.48M and revenue of 3.13B, resulting in an operating margin of 14.4%.

RBA.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ritchie Bros. Auctioneers Incorporated reported a net income of 133.28M and revenue of 1.21B, resulting in a net margin of 11.0%.

CSU.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc. reported a net income of 360.99M and revenue of 3.13B, resulting in a net margin of 11.5%.

Frequently Asked Questions

Can I hold both RBA.TO and CSU.TO in my portfolio?

RBA.TO and CSU.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.