RY.TO vs. VEQT.TO
RY.TO (Royal Bank of Canada) is a stock, while VEQT.TO (Vanguard All-Equity ETF Portfolio) is Global Equities fund actively managed by Vanguard. Over the past 5 years, RY.TO returned 21.56%/yr vs 13.79%/yr for VEQT.TO. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
RY.TO vs. VEQT.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 VEQT.TO's 12.47% 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%
VEQT.TO
- 1D
- 0.68%
- 1M
- 2.03%
- YTD
- 12.47%
- 6M
- 12.94%
- 1Y
- 31.77%
- 3Y*
- 21.97%
- 5Y*
- 13.79%
- 10Y*
- —
RY.TO vs. VEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RY.TO Royal Bank of Canada | 20.87% | 39.60% | 34.37% | 9.80% | -1.52% | 33.09% | 6.52% | 5.21% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 12.47% | 20.37% | 24.98% | 16.71% | -10.76% | 19.62% | 11.43% | 13.06% |
Correlation
The correlation between RY.TO and VEQT.TO is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2019 | 0.62 |
The correlation between RY.TO and VEQT.TO has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
RY.TO vs. VEQT.TO — Risk / Return Rank
RY.TO
VEQT.TO
RY.TO vs. VEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY.TO) and Vanguard All-Equity ETF Portfolio (VEQT.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 | VEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.15 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.85 | 1.46 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 7.91 | 3.78 | +4.13 |
| Martin ratioReturn relative to average drawdown | 29.39 | 16.35 | +13.04 |
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Drawdowns
RY.TO vs. VEQT.TO - Drawdown Comparison
The maximum RY.TO drawdown since its inception was -54.03%, which is greater than VEQT.TO's maximum drawdown of -30.45%. Use the drawdown chart below to compare losses from any high point for RY.TO and VEQT.TO.
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Drawdown Indicators
| RY.TO | VEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.03% | -30.45% | -23.58% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.05% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -15.46% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -21.21% | -18.32% | -2.89% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.84% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -3.70% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.86% | +0.32% |
Volatility
RY.TO vs. VEQT.TO - Volatility Comparison
The current volatility for Royal Bank of Canada (RY.TO) is 4.23%, while Vanguard All-Equity ETF Portfolio (VEQT.TO) has a volatility of 5.00%. This indicates that RY.TO experiences smaller price fluctuations and is considered to be less risky than VEQT.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 | VEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 5.00% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 10.08% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 12.18% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 12.99% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 15.80% | +1.46% |
Dividends
RY.TO vs. VEQT.TO - Dividend Comparison
RY.TO's dividend yield for the trailing twelve months is around 2.28%, more than VEQT.TO's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEQT.TO Vanguard All-Equity ETF Portfolio | 1.26% | 1.42% | 1.58% | 1.88% | 2.09% | 1.40% | 1.48% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RY.TO and VEQT.TO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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