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RY.TO vs. VCN.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RY.TO vs. VCN.TO

Last updated Jun 13, 2026

RY.TO (Royal Bank of Canada) is a stock, while VCN.TO (Vanguard FTSE Canada All Cap Index ETF) is Canada Equities fund tracking the FTSE Canada All Cap Domestic Index. Over the past 10 years, RY.TO returned 18.12%/yr vs 12.80%/yr for VCN.TO. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

RY.TO vs. VCN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Royal Bank of Canada (RY.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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 VCN.TO's 10.85% return. Over the past 10 years, RY.TO has outperformed VCN.TO with an annualized return of 18.12%, while VCN.TO has yielded a comparatively lower 12.80% 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%

VCN.TO

1D
0.72%
1M
2.14%
YTD
10.85%
6M
11.65%
1Y
33.96%
3Y*
23.86%
5Y*
14.96%
10Y*
12.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RY.TO vs. VCN.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%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		10.85%31.00%22.16%12.29%-5.76%25.65%4.83%22.09%-9.09%8.44%

Correlation

The correlation between RY.TO and VCN.TO is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.63

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

0.67

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

0.70

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

0.69

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2013

0.62

The correlation between RY.TO and VCN.TO has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Royal Bank of Canada

Vanguard FTSE Canada All Cap Index ETF

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 VCN.TO:
VCN.TO vs. VDY.TOVCN.TO vs. VFV.TOVCN.TO vs. VCE.TOVCN.TO vs. XEQT.TOVCN.TO vs. VIU.TOVCN.TO vs. VUN.TOVCN.TO vs. HXT.TO

Return for Risk

RY.TO vs. VCN.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
VCN.TO
VCN.TO Risk / Return Rank: 8686
Overall Rank
VCN.TO Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VCN.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
VCN.TO Omega Ratio Rank: 8787
Omega Ratio Rank
VCN.TO Calmar Ratio Rank: 8181
Calmar Ratio Rank
VCN.TO Martin Ratio Rank: 8888
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. VCN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.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.TOVCN.TODifference
Sharpe ratioReturn per unit of total volatility
4.65
2.59

+2.06

Sortino ratioReturn per unit of downside risk
6.62
3.35

+3.27

Omega ratioGain probability vs. loss probability

1.85

1.47

+0.39

Calmar ratioReturn relative to maximum drawdown

7.91

3.68

+4.23

Martin ratioReturn relative to average drawdown

29.39

16.98

+12.41

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

The current RY.TO Sharpe Ratio is 4.65, which is higher than the VCN.TO Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of RY.TO and VCN.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. VCN.TO - Drawdown Comparison

The maximum RY.TO drawdown since its inception was -54.03%, which is greater than VCN.TO's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for RY.TO and VCN.TO.

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Drawdown Indicators

RY.TOVCN.TODifference

Max Drawdown

Largest peak-to-trough decline

-54.03%

-37.32%

-16.71%

Max Drawdown (1Y)

Largest decline over 1 year

-8.12%

-9.11%

+0.99%

Max Drawdown (3Y)

Largest decline over 3 years

-16.00%

-12.24%

-3.76%

Max Drawdown (5Y)

Largest decline over 5 years

-21.21%

-16.12%

-5.09%

Max Drawdown (10Y)

Largest decline over 10 years

-33.84%

-37.32%

+3.48%

Current Drawdown

Current decline from peak

0.00%

-0.85%

+0.85%

Average Drawdown

Average peak-to-trough decline

-6.72%

-3.89%

-2.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.18%

1.97%

+0.21%

Volatility

RY.TO vs. VCN.TO - Volatility Comparison

Royal Bank of Canada (RY.TO) and Vanguard FTSE Canada All Cap Index ETF (VCN.TO) have volatilities of 4.23% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RY.TOVCN.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.23%

4.44%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

10.44%

10.63%

-0.19%

Volatility (1Y)

Calculated over the trailing 1-year period

13.82%

12.94%

+0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.93%

13.10%

+1.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.26%

14.99%

+2.27%

Dividends

RY.TO vs. VCN.TO - Dividend Comparison

RY.TO's dividend yield for the trailing twelve months is around 2.28%, more than VCN.TO's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VCN.TO
Vanguard FTSE Canada All Cap Index ETF		2.00%2.27%2.71%3.00%3.17%2.49%2.72%2.88%2.83%2.29%2.36%2.68%

Frequently Asked Questions

RY.TO and VCN.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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