RY vs. AMG
RY (Royal Bank of Canada) and AMG (Affiliated Managers Group, Inc.) are both stocks. Both are in the Financial Services sector — RY in Banks - Diversified, AMG in Asset Management. Over the past 10 years, RY returned 16.63%/yr vs 8.09%/yr for AMG. At a 0.44 correlation, their price movements are largely independent.
Performance
RY vs. AMG - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RY having a 16.17% return and AMG slightly higher at 16.78%. Over the past 10 years, RY has outperformed AMG with an annualized return of 16.63%, while AMG has yielded a comparatively lower 8.09% 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%
AMG
- 1D
- -0.06%
- 1M
- 11.17%
- YTD
- 16.78%
- 6M
- 24.59%
- 1Y
- 84.69%
- 3Y*
- 31.53%
- 5Y*
- 15.94%
- 10Y*
- 8.09%
RY vs. AMG - 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% |
AMG Affiliated Managers Group, Inc. | 16.78% | 55.93% | 22.15% | -4.40% | -3.67% | 61.80% | 20.53% | -11.79% | -52.15% | 41.93% |
Correlation
The correlation between RY and AMG is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 1997 | 0.44 |
The correlation between RY and AMG shifts across timeframes, from 0.37 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RY:
$200.68B
AMG:
$9.26B
RY:
$18.17
AMG:
$24.29
RY:
10.75
AMG:
13.86
RY:
1.56
AMG:
0.46
RY:
1.71
AMG:
4.42
RY:
1.55
AMG:
3.00
RY:
$138.99B
AMG:
$2.37B
RY:
$65.64B
AMG:
$1.61B
RY:
$30.01B
AMG:
$1.53B
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Return for Risk
RY vs. AMG — Risk / Return Rank
RY
AMG
RY vs. AMG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Affiliated Managers Group, Inc. (AMG). 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 | AMG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.47 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 4.32 | +1.47 |
| Martin ratioReturn relative to average drawdown | 21.54 | 12.31 | +9.23 |
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 | AMG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.86 | 2.75 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.49 | +0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.23 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.26 | +0.39 |
Drawdowns
RY vs. AMG - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum AMG drawdown of -85.92%. Use the drawdown chart below to compare losses from any high point for RY and AMG.
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Drawdown Indicators
| RY | AMG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -85.92% | +23.02% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -19.72% | +9.68% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -26.97% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -41.22% | +12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -78.52% | +38.57% |
Current DrawdownCurrent decline from peak | 0.00% | -0.06% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -24.72% | +15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 6.90% | -4.21% |
Volatility
RY vs. AMG - Volatility Comparison
The current volatility for Royal Bank of Canada (RY) is 4.34%, while Affiliated Managers Group, Inc. (AMG) has a volatility of 9.00%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than AMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RY | AMG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 9.00% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 25.55% | -14.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 31.02% | -15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 32.41% | -14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 34.72% | -14.95% |
Dividends
RY vs. AMG - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.37%, more than AMG's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMG Affiliated Managers Group, Inc. | 0.01% | 0.01% | 0.02% | 0.03% | 0.03% | 0.02% | 0.34% | 1.51% | 1.23% | 0.39% | 0.00% | 0.00% |
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. AMG - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and Affiliated Managers Group, Inc.. 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
RY vs. AMG - Profitability Comparison
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a gross profit of 16.51B and revenue of 33.93B. Therefore, the gross margin over that period was 48.7%.
AMG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a gross profit of 441.50M and revenue of 544.90M. Therefore, the gross margin over that period was 81.0%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported an operating income of 7.10B and revenue of 33.93B, resulting in an operating margin of 20.9%.
AMG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported an operating income of 77.40M and revenue of 544.90M, resulting in an operating margin of 14.2%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Royal Bank of Canada reported a net income of 5.51B and revenue of 33.93B, resulting in a net margin of 16.2%.
AMG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Affiliated Managers Group, Inc. reported a net income of 110.40M and revenue of 544.90M, resulting in a net margin of 20.3%.
Frequently Asked Questions
RY and AMG have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMG has higher volatility (9.00%) compared to RY (4.34%). In terms of maximum drawdown, RY dropped -62.90% vs AMG's -85.92%.
RY currently has the higher Sharpe Ratio (3.86 vs 2.75), 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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