RGA vs. R

Last updated Jun 4, 2026

RGA (Reinsurance Group of America, Incorporated) and R (Ryder System, Inc.) are both stocks. RGA operates in Insurance - Reinsurance (Financial Services), while R operates in Rental & Leasing Services (Industrials). Over the past 10 years, RGA returned 9.26%/yr vs 17.88%/yr for R. At a 0.48 correlation, their price movements are largely independent.

Performance

RGA vs. R - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Reinsurance Group of America, Incorporated (RGA) and Ryder System, Inc. (R). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGA achieves a -3.28% return, which is significantly lower than R's 37.17% return. Over the past 10 years, RGA has underperformed R with an annualized return of 9.26%, while R has yielded a comparatively higher 17.88% annualized return.

RGA

• 1D: -1.64%
• 1M: -7.20%
• YTD: -3.28%
• 6M: 3.95%
• 1Y: -2.40%
• 3Y*: 12.31%
• 5Y*: 10.99%
• 10Y*: 9.26%

R

• 1D: 0.90%
• 1M: 12.21%
• YTD: 37.17%
• 6M: 47.08%
• 1Y: 76.44%
• 3Y*: 50.37%
• 5Y*: 29.60%
• 10Y*: 17.88%

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

RGA vs. R - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RGA Reinsurance Group of America, Incorporated	-3.28%	-2.97%	34.38%	16.39%	33.04%	-3.21%	-27.02%	18.29%	-8.71%	25.59%
R Ryder System, Inc.	37.17%	24.53%	39.51%	41.61%	4.38%	37.59%	20.15%	17.42%	-41.03%	15.88%

Correlation

The correlation between RGA and R is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Sep 15, 2008	0.48

The correlation between RGA and R shifts across timeframes, from 0.36 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS RGA : $17.91 R : $12.04
PE Ratio RGA : 10.89 R : 21.62
PEG Ratio RGA : 0.41 R : 1.47
PS Ratio RGA : 0.54 R : 0.85
Total Revenue (TTM) RGA : $18.13B R : $12.66B
Gross Profit (TTM) RGA : $3.15B R : $3.29B
EBITDA (TTM) RGA : $1.46B R : $2.65B

Return for Risk

RGA vs. R — Risk / Return Rank

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

RGA

RGA Risk / Return Rank: 33
RGA Sharpe Ratio Rank: 36
RGA Sortino Ratio Rank: 30
RGA Omega Ratio Rank: 30
RGA Calmar Ratio Rank: 35
RGA Martin Ratio Rank: 34

R

R Risk / Return Rank: 88
R Sharpe Ratio Rank: 90
R Sortino Ratio Rank: 85
R Omega Ratio Rank: 88
R Calmar Ratio Rank: 89
R Martin Ratio Rank: 90

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.

RGA vs. R - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reinsurance Group of America, Incorporated (RGA) and Ryder System, Inc. (R). 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.

	RGA	R	Difference
Sharpe ratio Return per unit of total volatility	-0.10	2.30	-2.40
Sortino ratio Return per unit of downside risk	0.02	2.73	-2.72
Omega ratio Gain probability vs. loss probability	1.00	1.40	-0.40
Calmar ratio Return relative to maximum drawdown	-0.17	4.39	-4.56
Martin ratio Return relative to average drawdown	-0.37	12.07	-12.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RGA vs. R - Sharpe Ratio Comparison

The current RGA Sharpe Ratio is -0.10, which is lower than the R Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of RGA and R, 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

	RGA	R	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	2.30	-2.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.90	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.49	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.31	0.00

Drawdowns

RGA vs. R - Drawdown Comparison

The maximum RGA drawdown since its inception was -65.75%, smaller than the maximum R drawdown of -74.02%. Use the drawdown chart below to compare losses from any high point for RGA and R.

Drawdown Indicators

	RGA	R	Difference
Max Drawdown Largest peak-to-trough decline	-65.75%	-74.02%	+8.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.06%	-17.52%	+3.46%
Max Drawdown (3Y) Largest decline over 3 years	-27.11%	-23.86%	-3.25%
Max Drawdown (5Y) Largest decline over 5 years	-27.11%	-29.97%	+2.86%
Max Drawdown (10Y) Largest decline over 10 years	-65.75%	-72.26%	+6.51%
Current Drawdown Current decline from peak	-13.56%	0.00%	-13.56%
Average Drawdown Average peak-to-trough decline	-11.64%	-22.51%	+10.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.50%	6.36%	+0.14%

Volatility

RGA vs. R - Volatility Comparison

The current volatility for Reinsurance Group of America, Incorporated (RGA) is 5.85%, while Ryder System, Inc. (R) has a volatility of 7.07%. This indicates that RGA experiences smaller price fluctuations and is considered to be less risky than R based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGA	R	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.85%	7.07%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	16.38%	25.53%	-9.15%
Volatility (1Y) Calculated over the trailing 1-year period	23.30%	33.51%	-10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.83%	33.11%	-5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.92%	36.65%	-3.73%

Dividends

RGA vs. R - Dividend Comparison

RGA's dividend yield for the trailing twelve months is around 1.91%, more than R's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
R Ryder System, Inc.	1.40%	1.80%	1.94%	2.31%	2.87%	2.77%	3.63%	4.05%	4.40%	2.14%	2.28%	2.75%
RGA Reinsurance Group of America, Incorporated	1.91%	1.79%	1.63%	2.04%	2.15%	2.61%	2.42%	1.59%	1.57%	1.17%	1.24%	1.64%

Financials

RGA vs. R - Profitability Comparison

The chart below illustrates the profitability comparison between Reinsurance Group of America, Incorporated and Ryder System, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RGA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Reinsurance Group of America, Incorporated reported a gross profit of 0.00 and revenue of 6.49M. Therefore, the gross margin over that period was 0.0%.

R - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ryder System, Inc. reported a gross profit of 1.36B and revenue of 3.13B. Therefore, the gross margin over that period was 43.6%.

RGA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Reinsurance Group of America, Incorporated reported an operating income of 441.00K and revenue of 6.49M, resulting in an operating margin of 6.8%.

R - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ryder System, Inc. reported an operating income of 93.00M and revenue of 3.13B, resulting in an operating margin of 3.0%.

RGA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Reinsurance Group of America, Incorporated reported a net income of 331.00K and revenue of 6.49M, resulting in a net margin of 5.1%.

R - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ryder System, Inc. reported a net income of 93.00M and revenue of 3.13B, resulting in a net margin of 3.0%.

Frequently Asked Questions

Can I hold both RGA and R in my portfolio?

RGA and R have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RGA or R?

R has higher volatility (7.07%) compared to RGA (5.85%). In terms of maximum drawdown, RGA dropped -65.75% vs R's -74.02%.

Which has better risk-adjusted returns?

R currently has the higher Sharpe Ratio (2.30 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.