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RY.TO vs. DFN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

RY.TO vs. DFN.TO

Last updated Jun 13, 2026

RY.TO (Royal Bank of Canada) and DFN.TO (Dividend 15 Split Corp.) are both stocks. Both are in the Financial Services sector — RY.TO in Banks - Diversified, DFN.TO in Asset Management. Over the past 10 years, RY.TO returned 18.12%/yr vs 12.95%/yr for DFN.TO. At a 0.39 correlation, their price movements are largely independent.

Performance

RY.TO vs. DFN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Bank of Canada (RY.TO) and Dividend 15 Split Corp. (DFN.TO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RY.TO achieves a 20.87% return, which is significantly higher than DFN.TO's 18.86% return. Over the past 10 years, RY.TO has outperformed DFN.TO with an annualized return of 18.12%, while DFN.TO has yielded a comparatively lower 12.95% annualized return.

RY.TO

1D
0.36%
1M
10.50%
YTD
20.87%
6M
23.89%
1Y
65.59%
3Y*
35.54%
5Y*
21.56%
10Y*
18.12%

DFN.TO

1D
0.48%
1M
6.18%
YTD
18.86%
6M
23.76%
1Y
61.46%
3Y*
24.08%
5Y*
17.32%
10Y*
12.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RY.TO vs. DFN.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RY.TO
Royal Bank of Canada		20.87%39.60%34.37%9.80%-1.52%33.09%6.52%14.33%-5.50%17.12%
DFN.TO
Dividend 15 Split Corp.		18.86%46.96%38.64%-19.97%9.39%37.70%-11.45%27.39%-19.31%12.49%

Correlation

The correlation between RY.TO and DFN.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.49

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jul 12, 2006

0.39

The correlation between RY.TO and DFN.TO shifts across timeframes, from 0.39 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap

RY.TO:

CA$389.54B

DFN.TO:

CA$1.14B

EPS

RY.TO:

CA$15.77

DFN.TO:

CA$2.58

PE Ratio

RY.TO:

17.69

DFN.TO:

3.23

PEG Ratio

RY.TO:

2.60

DFN.TO:

0.11

PS Ratio

RY.TO:

3.25

DFN.TO:

8.22

PB Ratio

RY.TO:

3.01

DFN.TO:

1.04

Total Revenue (TTM)

RY.TO:

CA$120.33B

DFN.TO:

CA$138.51M

Gross Profit (TTM)

RY.TO:

CA$65.64B

DFN.TO:

CA$125.98M

EBITDA (TTM)

RY.TO:

CA$14.74B

DFN.TO:

CA$382.25M

Compare stocks, funds, or ETFs

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Royal Bank of Canada

Dividend 15 Split Corp.

Often compared with RY.TO:
RY.TO vs. TD.TORY.TO vs. VDY.TORY.TO vs. BMO.TORY.TO vs. CNR.TORY.TO vs. BNS.TORY.TO vs. XDIV.TORY.TO vs. CM.TO
Often compared with DFN.TO:
DFN.TO vs. DF.TODFN.TO vs. FFN.TODFN.TO vs. FTN.TODFN.TO vs. DGS.TODFN.TO vs. BK.TODFN.TO vs. LBS.TODFN.TO vs. SBC.TO

Return for Risk

RY.TO vs. DFN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RY.TO
RY.TO Risk / Return Rank: 9898
Overall Rank
RY.TO Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
RY.TO Sortino Ratio Rank: 9999
Sortino Ratio Rank
RY.TO Omega Ratio Rank: 9999
Omega Ratio Rank
RY.TO Calmar Ratio Rank: 9797
Calmar Ratio Rank
RY.TO Martin Ratio Rank: 9898
Martin Ratio Rank
DFN.TO
DFN.TO Risk / Return Rank: 9797
Overall Rank
DFN.TO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
DFN.TO Sortino Ratio Rank: 9797
Sortino Ratio Rank
DFN.TO Omega Ratio Rank: 9999
Omega Ratio Rank
DFN.TO Calmar Ratio Rank: 9393
Calmar Ratio Rank
DFN.TO Martin Ratio Rank: 9797
Martin Ratio Rank
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.TO vs. DFN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.TO) and Dividend 15 Split Corp. (DFN.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.

RY.TODFN.TODifference
Sharpe ratioReturn per unit of total volatility
4.65
3.84

+0.81

Sortino ratioReturn per unit of downside risk
6.62
4.50

+2.11

Omega ratioGain probability vs. loss probability

1.85

1.86

-0.01

Calmar ratioReturn relative to maximum drawdown

7.91

5.35

+2.57

Martin ratioReturn relative to average drawdown

29.39

26.26

+3.13

RY.TO vs. DFN.TO - Sharpe Ratio Comparison

The current RY.TO Sharpe Ratio is 4.65, which is comparable to the DFN.TO Sharpe Ratio of 3.84. The chart below compares the historical Sharpe Ratios of RY.TO and DFN.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.

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Drawdowns

RY.TO vs. DFN.TO - Drawdown Comparison

The maximum RY.TO drawdown since its inception was -54.03%, smaller than the maximum DFN.TO drawdown of -71.55%. Use the drawdown chart below to compare losses from any high point for RY.TO and DFN.TO.

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Drawdown Indicators

RY.TODFN.TODifference

Max Drawdown

Largest peak-to-trough decline

-54.03%

-71.55%

+17.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.12%

-11.45%

+3.33%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-53.53%

+37.53%

Max Drawdown (5Y)

Largest decline over 5 years

-21.21%

-55.26%

+34.05%

Max Drawdown (10Y)

Largest decline over 10 years

-33.84%

-58.39%

+24.55%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-6.72%

-10.73%

+4.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

2.33%

-0.15%

Volatility

RY.TO vs. DFN.TO - Volatility Comparison

Royal Bank of Canada (RY.TO) has a higher volatility of 4.23% compared to Dividend 15 Split Corp. (DFN.TO) at 3.13%. This indicates that RY.TO's price experiences larger fluctuations and is considered to be riskier than DFN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RY.TODFN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

3.13%

+1.10%

Volatility (6M)

Calculated over the trailing 6-month period

10.44%

14.57%

-4.13%

Volatility (1Y)

Calculated over the trailing 1-year period

13.82%

15.95%

-2.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.93%

25.87%

-10.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.26%

30.26%

-13.00%

Dividends

RY.TO vs. DFN.TO - Dividend Comparison

RY.TO's dividend yield for the trailing twelve months is around 2.28%, less than DFN.TO's 14.41% yield.

PositionTTM20252024202320222021202020192018201720162015
DFN.TO
Dividend 15 Split Corp.		14.41%16.06%17.92%14.87%15.94%15.00%11.83%13.99%15.54%11.08%11.17%11.76%
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

RY.TO vs. DFN.TO - Financials Comparison

This section allows you to compare key financial metrics between Royal Bank of Canada and Dividend 15 Split Corp.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

0.0010.00B20.00B30.00B40.00B20222023202420252026
33.95B
43.47M
(RY.TO) Total Revenue
(DFN.TO) Total Revenue
Values in CAD except per share items

Frequently Asked Questions

RY.TO and DFN.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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