RY vs. AB
RY (Royal Bank of Canada) and AB (AllianceBernstein Holding L.P.) are both stocks. Both are in the Financial Services sector — RY in Banks - Diversified, AB in Asset Management. Over the past 10 years, RY returned 16.63%/yr vs 14.30%/yr for AB. At a 0.38 correlation, their price movements are largely independent.
Performance
RY vs. AB - Performance Comparison
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Returns By Period
In the year-to-date period, RY achieves a 16.17% return, which is significantly higher than AB's -0.39% return. Over the past 10 years, RY has outperformed AB with an annualized return of 16.63%, while AB has yielded a comparatively lower 14.30% annualized return.
RY
- 1D
- 0.66%
- 1M
- 7.51%
- YTD
- 16.17%
- 6M
- 21.22%
- 1Y
- 57.80%
- 3Y*
- 33.05%
- 5Y*
- 17.96%
- 10Y*
- 16.63%
AB
- 1D
- -1.64%
- 1M
- -6.29%
- YTD
- -0.39%
- 6M
- -8.47%
- 1Y
- -0.43%
- 3Y*
- 11.52%
- 5Y*
- 3.78%
- 10Y*
- 14.30%
RY vs. AB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RY Royal Bank of Canada | 16.17% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
AB AllianceBernstein Holding L.P. | -0.39% | 13.36% | 30.40% | -2.29% | -23.46% | 56.27% | 23.00% | 19.85% | 21.04% | 16.76% |
Correlation
The correlation between RY and AB is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 1995 | 0.38 |
The correlation between RY and AB shifts across timeframes, from 0.24 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RY:
$200.68B
AB:
$3.39B
RY:
$18.17
AB:
$3.22
RY:
10.75
AB:
11.38
RY:
1.71
AB:
14.16
RY:
1.55
AB:
2.69
RY:
$138.99B
AB:
$250.00M
RY:
$65.64B
AB:
$250.00M
RY:
$30.01B
AB:
$252.50M
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Return for Risk
RY vs. AB — Risk / Return Rank
RY
AB
RY vs. AB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and AllianceBernstein Holding L.P. (AB). 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 | AB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.88 | ||
| Sortino ratioReturn per unit of downside risk | +5.43 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.02 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | -0.03 | +5.82 |
| Martin ratioReturn relative to average drawdown | 21.54 | -0.07 | +21.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RY | AB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.86 | -0.02 | +3.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.13 | +0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.44 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.46 | +0.20 |
Drawdowns
RY vs. AB - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum AB drawdown of -87.65%. Use the drawdown chart below to compare losses from any high point for RY and AB.
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Drawdown Indicators
| RY | AB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -87.65% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -14.68% | +4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -20.84% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -45.76% | +17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -58.08% | +18.13% |
Current DrawdownCurrent decline from peak | 0.00% | -10.44% | +10.44% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -26.21% | +16.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 6.68% | -3.99% |
Volatility
RY vs. AB - Volatility Comparison
Royal Bank of Canada (RY) has a higher volatility of 4.34% compared to AllianceBernstein Holding L.P. (AB) at 4.11%. This indicates that RY's price experiences larger fluctuations and is considered to be riskier than AB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RY | AB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.11% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 18.51% | -7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 22.42% | -7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 28.24% | -10.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 32.40% | -12.63% |
Dividends
RY vs. AB - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.37%, less than AB's 9.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AB AllianceBernstein Holding L.P. | 9.30% | 9.02% | 8.03% | 8.44% | 10.30% | 7.33% | 8.26% | 7.67% | 10.54% | 8.50% | 7.46% | 8.09% |
RY Royal Bank of Canada | 2.37% | 2.54% | 3.39% | 4.29% | 4.07% | 3.24% | 3.88% | 3.88% | 4.27% | 3.22% | 3.95% | 5.41% |
Financials
RY vs. AB - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and AllianceBernstein Holding L.P.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
RY and AB have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RY has higher volatility (4.34%) compared to AB (4.11%). In terms of maximum drawdown, RY dropped -62.90% vs AB's -87.65%.
RY currently has the higher Sharpe Ratio (3.86 vs -0.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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