RY vs. MNT.TO

Last updated Jun 13, 2026

RY (Royal Bank of Canada) is a stock, while MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) is Gold fund. Over the past 10 years, RY returned 17.18%/yr vs 11.90%/yr for MNT.TO. At a correlation of -0.11, they often move in opposite directions.

Performance

RY vs. MNT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royal Bank of Canada (RY) and Royal Canadian Mint - Canadian Gold Reserves (MNT.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

RY is traded in USD, while MNT.TO is traded in CAD. To make them comparable, the MNT.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, RY achieves a 18.68% return, which is significantly higher than MNT.TO's -7.84% return. Over the past 10 years, RY has outperformed MNT.TO with an annualized return of 17.18%, while MNT.TO has yielded a comparatively lower 11.90% annualized return.

RY

• 1D: 0.14%
• 1M: 10.90%
• YTD: 18.68%
• 6M: 21.99%
• 1Y: 59.59%
• 3Y*: 33.55%
• 5Y*: 18.33%
• 10Y*: 17.18%

MNT.TO

• 1D: 0.78%
• 1M: -12.34%
• YTD: -7.84%
• 6M: -9.29%
• 1Y: 18.27%
• 3Y*: 30.02%
• 5Y*: 16.92%
• 10Y*: 11.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RY vs. MNT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RY Royal Bank of Canada	18.68%	46.29%	23.80%	12.72%	-8.00%	34.11%	8.42%	20.17%	-12.88%	24.95%
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	-7.84%	68.94%	33.51%	6.13%	3.93%	-10.47%	29.20%	18.35%	-2.35%	13.19%

Correlation

The correlation between RY and MNT.TO is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Feb 13, 2012	-0.11

The correlation between RY and MNT.TO shifts across timeframes, from -0.11 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RY vs. MNT.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RY

RY Risk / Return Rank: 97
RY Sharpe Ratio Rank: 98
RY Sortino Ratio Rank: 99
RY Omega Ratio Rank: 98
RY Calmar Ratio Rank: 94
RY Martin Ratio Rank: 97

MNT.TO

MNT.TO Risk / Return Rank: 22
MNT.TO Sharpe Ratio Rank: 22
MNT.TO Sortino Ratio Rank: 22
MNT.TO Omega Ratio Rank: 25
MNT.TO Calmar Ratio Rank: 20
MNT.TO Martin Ratio Rank: 20

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 vs. MNT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Royal Canadian Mint - Canadian Gold Reserves (MNT.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	MNT.TO	Difference
Sharpe ratio: Return per unit of total volatility	3.97	0.58	+3.38
Sortino ratio: Return per unit of downside risk	5.70	0.98	+4.72
Omega ratio: Gain probability vs. loss probability	1.70	1.13	+0.56
Calmar ratio: Return relative to maximum drawdown	5.97	0.60	+5.36
Martin ratio: Return relative to average drawdown	22.22	1.69	+20.53

RY vs. MNT.TO - Sharpe Ratio Comparison

The current RY Sharpe Ratio is 3.97, which is higher than the MNT.TO Sharpe Ratio of 0.58. The chart below compares the historical Sharpe Ratios of RY and MNT.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.

Drawdowns

RY vs. MNT.TO - Drawdown Comparison

The maximum RY drawdown since its inception was -62.90%, which is greater than MNT.TO's maximum drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for RY and MNT.TO.

Drawdown Indicators

	RY	MNT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-62.90%	-45.44%	-17.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-30.40%	+20.36%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-30.40%	+10.52%
Max Drawdown (5Y) Largest decline over 5 years	-28.36%	-30.40%	+2.04%
Max Drawdown (10Y) Largest decline over 10 years	-39.95%	-32.69%	-7.26%
Current Drawdown Current decline from peak	0.00%	-27.10%	+27.10%
Average Drawdown Average peak-to-trough decline	-9.32%	-23.40%	+14.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	10.84%	-8.15%

Volatility

RY vs. MNT.TO - Volatility Comparison

The current volatility for Royal Bank of Canada (RY) is 4.01%, while Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) has a volatility of 7.92%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than MNT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RY	MNT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	7.92%	-3.91%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	26.14%	-14.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	31.46%	-16.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	21.41%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	20.48%	-0.72%

Dividends

RY vs. MNT.TO - Dividend Comparison

RY's dividend yield for the trailing twelve months is around 2.32%, while MNT.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MNT.TO Royal Canadian Mint - Canadian Gold Reserves	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RY Royal Bank of Canada	2.32%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%

Frequently Asked Questions

Can I hold both RY and MNT.TO in my portfolio?

RY and MNT.TO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.