RIO vs. RY.TO
RIO (Rio Tinto Group) and RY.TO (Royal Bank of Canada) are both stocks. RIO operates in Other Industrial Metals & Mining (Basic Materials), while RY.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, RIO returned 22.54%/yr vs 17.10%/yr for RY.TO. At a 0.37 correlation, their price movements are largely independent.
Performance
RIO vs. RY.TO - Performance Comparison
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Different Trading Currencies
RIO 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, RIO achieves a 35.32% return, which is significantly higher than RY.TO's 18.35% return. Over the past 10 years, RIO has outperformed RY.TO with an annualized return of 22.54%, while RY.TO has yielded a comparatively lower 17.10% annualized return.
RIO
- 1D
- 1.65%
- 1M
- -5.97%
- YTD
- 35.32%
- 6M
- 43.14%
- 1Y
- 89.03%
- 3Y*
- 24.54%
- 5Y*
- 11.74%
- 10Y*
- 22.54%
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%
RIO vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RIO Rio Tinto Group | 35.32% | 44.47% | -15.36% | 11.06% | 18.48% | -3.67% | 36.22% | 33.18% | -2.93% | 44.87% |
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 RIO and RY.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.37 |
The correlation between RIO and RY.TO shifts across timeframes, from 0.27 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Fundamentals
RIO:
$172.61B
RY.TO:
CA$389.54B
RIO:
$13.11
RY.TO:
CA$15.77
RIO:
8.03
RY.TO:
17.69
RIO:
1.55
RY.TO:
3.25
RIO:
2.77
RY.TO:
3.01
RIO:
$111.41B
RY.TO:
CA$120.33B
RIO:
$31.10B
RY.TO:
CA$65.64B
RIO:
$40.42B
RY.TO:
CA$14.74B
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Return for Risk
RIO vs. RY.TO — Risk / Return Rank
RIO
RY.TO
RIO vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rio Tinto Group (RIO) 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.
| RIO | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.73 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.89 | 6.16 | -0.26 |
| Martin ratioReturn relative to average drawdown | 21.91 | 22.75 | -0.84 |
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Drawdowns
RIO vs. RY.TO - Drawdown Comparison
The maximum RIO drawdown since its inception was -88.97%, 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 RIO and RY.TO.
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Drawdown Indicators
| RIO | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.97% | -63.01% | -25.96% |
Max Drawdown (1Y)Largest decline over 1 year | -15.19% | -9.82% | -5.37% |
Max Drawdown (3Y)Largest decline over 3 years | -24.19% | -19.58% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -28.47% | -6.78% |
Max Drawdown (10Y)Largest decline over 10 years | -37.47% | -39.33% | +1.86% |
Current DrawdownCurrent decline from peak | -5.97% | 0.00% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -23.76% | -9.84% | -13.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 2.65% | +1.44% |
Volatility
RIO vs. RY.TO - Volatility Comparison
Rio Tinto Group (RIO) has a higher volatility of 11.81% compared to Royal Bank of Canada (RY.TO) at 4.33%. This indicates that RIO'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
| RIO | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.81% | 4.33% | +7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 24.27% | 10.83% | +13.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.32% | 14.58% | +14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.30% | 16.55% | +12.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.65% | 18.66% | +11.99% |
Dividends
RIO vs. RY.TO - Dividend Comparison
RIO's dividend yield for the trailing twelve months is around 3.82%, more than RY.TO's 2.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RIO Rio Tinto Group | 3.82% | 4.66% | 7.40% | 5.40% | 10.48% | 10.23% | 5.13% | 7.68% | 6.32% | 4.47% | 3.93% | 7.58% |
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
RIO vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Rio Tinto Group 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
RIO vs. RY.TO - Profitability Comparison
RIO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a gross profit of 8.15B and revenue of 30.65B. Therefore, the gross margin over that period was 26.6%.
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%.
RIO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported an operating income of 8.15B and revenue of 30.65B, resulting in an operating margin of 26.6%.
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%.
RIO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Rio Tinto Group reported a net income of 5.42B and revenue of 30.65B, resulting in a net margin of 17.7%.
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
RIO and RY.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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