RY vs. BMO
RY (Royal Bank of Canada) and BMO (Bank of Montreal) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, RY returned 17.68%/yr vs 15.90%/yr for BMO. Their 0.76 correlation means they have sometimes moved together and sometimes differently.
Performance
RY vs. BMO - Performance Comparison
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Returns By Period
In the year-to-date period, RY achieves a 27.07% return, which is significantly lower than BMO's 41.54% return. Over the past 10 years, RY has outperformed BMO with an annualized return of 17.68%, while BMO has yielded a comparatively lower 15.90% annualized return.
RY
- 1D
- 1.37%
- 1M
- 5.33%
- 6M
- 27.41%
- YTD
- 27.07%
- 1Y
- 67.33%
- 3Y*
- 33.94%
- 5Y*
- 20.14%
- 10Y*
- 17.68%
- ALL TIME*
- 15.97%
BMO
- 1D
- 1.19%
- 1M
- 3.16%
- 6M
- 33.10%
- YTD
- 41.54%
- 1Y
- 65.33%
- 3Y*
- 30.67%
- 5Y*
- 17.47%
- 10Y*
- 15.90%
- ALL TIME*
- 14.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $108.21M | $122.05M | $126.28M | |
| $334.22M | $320.51M | $295.63M |
RY vs. BMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RY Royal Bank of Canada | 27.07% | 46.29% | 23.80% | 12.72% | -8.00% | 34.11% | 8.42% | 20.17% | -12.88% | 24.95% |
BMO Bank of Montreal | 41.54% | 39.59% | 2.98% | 15.24% | -12.41% | 48.15% | 3.34% | 23.51% | -15.02% | 16.63% |
Correlation
The correlation between RY and BMO is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 1995 | 0.76 |
The correlation between RY and BMO has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
Fundamentals
RY:
$295.16B
BMO:
$126.52B
RY:
CA$18.17
BMO:
CA$14.56
RY:
16.50
BMO:
17.51
RY:
2.39
BMO:
0.81
RY:
2.63
BMO:
2.21
RY:
2.38
BMO:
1.70
RY:
CA$138.99B
BMO:
CA$77.05B
RY:
CA$65.64B
BMO:
CA$34.51B
RY:
CA$30.01B
BMO:
CA$14.21B
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Return for Risk
RY vs. BMO — Risk / Return Rank
RY
BMO
RY vs. BMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Bank of Montreal (BMO). 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 | BMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.76 | 1.56 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 6.74 | 5.65 | +1.09 |
| Martin ratioReturn relative to average drawdown | 24.94 | 20.96 | +3.98 |
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Drawdowns
RY vs. BMO - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum BMO drawdown of -68.17%. Use the drawdown chart below to compare losses from any high point for RY and BMO.
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Drawdown Indicators
| RY | BMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -68.17% | +5.27% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -11.62% | +1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.78% | -18.56% | -1.22% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -33.94% | +5.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -50.97% | +11.02% |
Current DrawdownCurrent decline from peak | -1.93% | -1.64% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -9.29% | -11.38% | +2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.13% | -0.42% |
Volatility
RY vs. BMO - Volatility Comparison
Royal Bank of Canada (RY) and Bank of Montreal (BMO) have volatilities of 5.56% and 5.39%, 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 | BMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.56% | 5.39% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 12.10% | 15.42% | -3.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 19.32% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 21.31% | -3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 23.64% | -3.95% |
Dividends
RY vs. BMO - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.24%, less than BMO's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMO Bank of Montreal | 2.66% | 3.55% | 4.60% | 4.76% | 4.62% | 3.95% | 4.15% | 3.96% | 4.78% | 4.45% | 4.73% | 5.74% |
RY Royal Bank of Canada | 2.24% | 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. BMO - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and Bank of Montreal. 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. BMO - Profitability Comparison
RY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
BMO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Bank of Montreal reported a gross profit of 8.78B and revenue of 19.26B. Therefore, the gross margin over that period was 45.6%.
RY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
BMO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Bank of Montreal reported an operating income of 3.50B and revenue of 19.26B, resulting in an operating margin of 18.2%.
RY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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%.
BMO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Bank of Montreal reported a net income of 2.63B and revenue of 19.26B, resulting in a net margin of 13.6%.
Frequently Asked Questions
RY and BMO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RY has higher volatility (5.56%) compared to BMO (5.39%). In terms of maximum drawdown, RY dropped -62.90% vs BMO's -68.17%.
RY currently has the higher Sharpe Ratio (4.36 vs 3.40), 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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