RY-PS.TO vs. VOO

Last updated Jun 5, 2026

RY-PS.TO (Royal Bank of Canada) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, RY-PS.TO returned 6.34%/yr vs 17.27%/yr for VOO. At a 0.14 correlation, their price movements are largely independent.

Performance

RY-PS.TO vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Bank of Canada (RY-PS.TO) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RY-PS.TO is traded in CAD, while VOO is traded in USD. To make them comparable, the VOO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RY-PS.TO achieves a 0.54% return, which is significantly lower than VOO's 12.87% return.

RY-PS.TO

• 1D: 0.04%
• 1M: -1.05%
• YTD: 0.54%
• 6M: 1.33%
• 1Y: 7.64%
• 3Y*: 15.99%
• 5Y*: 6.34%
• 10Y*: —

VOO

• 1D: 0.00%
• 1M: 5.27%
• YTD: 12.87%
• 6M: 11.83%
• 1Y: 31.47%
• 3Y*: 24.12%
• 5Y*: 17.27%
• 10Y*: 16.56%

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

RY-PS.TO vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
RY-PS.TO Royal Bank of Canada	0.54%	10.29%	21.22%	20.80%	-18.63%	19.47%	22.84%	-8.46%	-8.61%
VOO Vanguard S&P 500 ETF	10.16%	12.42%	35.71%	23.54%	-12.34%	27.63%	16.32%	24.91%	-3.64%

Correlation

The correlation between RY-PS.TO and VOO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Nov 5, 2018	0.14

Return for Risk

RY-PS.TO vs. VOO — Risk / Return Rank

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

RY-PS.TO

RY-PS.TO Risk / Return Rank: 77
RY-PS.TO Sharpe Ratio Rank: 77
RY-PS.TO Sortino Ratio Rank: 71
RY-PS.TO Omega Ratio Rank: 70
RY-PS.TO Calmar Ratio Rank: 83
RY-PS.TO Martin Ratio Rank: 85

VOO

VOO Risk / Return Rank: 66
VOO Sharpe Ratio Rank: 67
VOO Sortino Ratio Rank: 63
VOO Omega Ratio Rank: 66
VOO Calmar Ratio Rank: 60
VOO Martin Ratio Rank: 73

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.

RY-PS.TO vs. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY-PS.TO) and Vanguard S&P 500 ETF (VOO). 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.

	RY-PS.TO	VOO	Difference
Sharpe ratio: Return per unit of total volatility	1.24	2.72	-1.48
Sortino ratio: Return per unit of downside risk	1.81	3.63	-1.83
Omega ratio: Gain probability vs. loss probability	1.23	1.52	-0.29
Calmar ratio: Return relative to maximum drawdown	3.13	3.67	-0.54
Martin ratio: Return relative to average drawdown	8.82	13.96	-5.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RY-PS.TO vs. VOO - Sharpe Ratio Comparison

The current RY-PS.TO Sharpe Ratio is 1.24, which is lower than the VOO Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of RY-PS.TO and VOO, 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

	RY-PS.TO	VOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	2.72	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	1.16	-0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	1.15	-0.68

Drawdowns

RY-PS.TO vs. VOO - Drawdown Comparison

The maximum RY-PS.TO drawdown since its inception was -42.08%, which is greater than VOO's maximum drawdown of -27.65%. Use the drawdown chart below to compare losses from any high point for RY-PS.TO and VOO.

Drawdown Indicators

	RY-PS.TO	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-42.08%	-27.65%	-14.43%
Max Drawdown (1Y) Largest decline over 1 year	-2.32%	-8.62%	+6.30%
Max Drawdown (3Y) Largest decline over 3 years	-5.90%	-18.93%	+13.03%
Max Drawdown (5Y) Largest decline over 5 years	-19.65%	-22.08%	+2.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.65%	—
Current Drawdown Current decline from peak	-1.31%	0.00%	-1.31%
Average Drawdown Average peak-to-trough decline	-6.84%	-3.24%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	2.26%	-1.44%

Volatility

RY-PS.TO vs. VOO - Volatility Comparison

The current volatility for Royal Bank of Canada (RY-PS.TO) is 1.89%, while Vanguard S&P 500 ETF (VOO) has a volatility of 2.33%. This indicates that RY-PS.TO experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RY-PS.TO	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.89%	2.33%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	4.71%	8.81%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	5.86%	11.63%	-5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.56%	14.91%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.95%	16.28%	-2.33%

Dividends

RY-PS.TO vs. VOO - Dividend Comparison

RY-PS.TO's dividend yield for the trailing twelve months is around 5.59%, more than VOO's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RY-PS.TO Royal Bank of Canada	5.59%	5.47%	5.44%	5.32%	6.06%	4.69%	5.33%	6.54%	0.00%	0.00%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both RY-PS.TO and VOO in my portfolio?

RY-PS.TO and VOO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.