RY.TO vs. EIT-UN.TO
RY.TO (Royal Bank of Canada) is a stock, while EIT-UN.TO (Canoe EIT Income Fund) is Diversified Portfolio fund actively managed by Canoe. Over the past 10 years, RY.TO returned 18.12%/yr vs 15.91%/yr for EIT-UN.TO. At a 0.42 correlation, their price movements are largely independent.
Performance
RY.TO vs. EIT-UN.TO - Performance Comparison
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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 EIT-UN.TO's 14.30% return. Over the past 10 years, RY.TO has outperformed EIT-UN.TO with an annualized return of 18.12%, while EIT-UN.TO has yielded a comparatively lower 15.91% annualized return.
RY.TO
- 1D
- 0.36%
- 1M
- 13.00%
- YTD
- 20.87%
- 6M
- 23.89%
- 1Y
- 63.96%
- 3Y*
- 35.54%
- 5Y*
- 21.56%
- 10Y*
- 18.12%
EIT-UN.TO
- 1D
- 0.58%
- 1M
- 2.40%
- YTD
- 14.30%
- 6M
- 14.60%
- 1Y
- 20.59%
- 3Y*
- 20.71%
- 5Y*
- 16.85%
- 10Y*
- 15.91%
RY.TO vs. EIT-UN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
EIT-UN.TO Canoe EIT Income Fund | 14.30% | 11.81% | 27.99% | 5.94% | 10.49% | 49.02% | 7.74% | 12.45% | -3.05% | 9.56% |
Correlation
The correlation between RY.TO and EIT-UN.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | 0.42 |
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Return for Risk
RY.TO vs. EIT-UN.TO — Risk / Return Rank
RY.TO
EIT-UN.TO
RY.TO vs. EIT-UN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.TO) and Canoe EIT Income Fund (EIT-UN.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.TO | EIT-UN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.43 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | 3.49 | +4.43 |
| Martin ratioReturn relative to average drawdown | 29.39 | 13.34 | +16.05 |
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Drawdowns
RY.TO vs. EIT-UN.TO - Drawdown Comparison
The maximum RY.TO drawdown since its inception was -54.03%, smaller than the maximum EIT-UN.TO drawdown of -63.56%. Use the drawdown chart below to compare losses from any high point for RY.TO and EIT-UN.TO.
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Drawdown Indicators
| RY.TO | EIT-UN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.03% | -63.56% | +9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -5.93% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -9.45% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -15.57% | -5.64% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -50.36% | +16.52% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -8.81% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.55% | +0.63% |
Volatility
RY.TO vs. EIT-UN.TO - Volatility Comparison
Royal Bank of Canada (RY.TO) has a higher volatility of 4.23% compared to Canoe EIT Income Fund (EIT-UN.TO) at 2.54%. This indicates that RY.TO's price experiences larger fluctuations and is considered to be riskier than EIT-UN.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.TO | EIT-UN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 2.54% | +1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 7.54% | +2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 8.83% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 12.21% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 17.52% | -0.26% |
Dividends
RY.TO vs. EIT-UN.TO - Dividend Comparison
RY.TO's dividend yield for the trailing twelve months is around 2.28%, less than EIT-UN.TO's 6.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIT-UN.TO Canoe EIT Income Fund | 6.88% | 7.64% | 7.90% | 9.29% | 8.97% | 9.08% | 12.20% | 11.53% | 11.65% | 10.16% | 10.06% | 10.71% |
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% |
Frequently Asked Questions
RY.TO and EIT-UN.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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