RY vs. NMR
RY (Royal Bank of Canada) and NMR (Nomura Holdings, Inc.) are both stocks. Both are in the Financial Services sector — RY in Banks - Diversified, NMR in Capital Markets. Over the past 10 years, RY returned 16.63%/yr vs 10.27%/yr for NMR. At a 0.29 correlation, their price movements are largely independent.
Performance
RY vs. NMR - 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 NMR's 2.26% return. Over the past 10 years, RY has outperformed NMR with an annualized return of 16.63%, while NMR has yielded a comparatively lower 10.27% 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%
NMR
- 1D
- 2.02%
- 1M
- 7.92%
- YTD
- 2.26%
- 6M
- 10.00%
- 1Y
- 40.79%
- 3Y*
- 37.17%
- 5Y*
- 13.07%
- 10Y*
- 10.27%
RY vs. NMR - 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% |
NMR Nomura Holdings, Inc. | 2.26% | 54.10% | 34.05% | 21.84% | -10.28% | -18.76% | 4.39% | 38.71% | -36.08% | 0.16% |
Correlation
The correlation between RY and NMR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 1995 | 0.29 |
The correlation between RY and NMR shifts across timeframes, from 0.29 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
RY:
$200.68B
NMR:
$26.11B
RY:
$18.17
NMR:
$118.76
RY:
10.75
NMR:
0.07
RY:
1.56
NMR:
0.00
RY:
1.71
NMR:
0.01
RY:
1.55
NMR:
0.01
RY:
$138.99B
NMR:
$4.76T
RY:
$65.64B
NMR:
$2.17T
RY:
$30.01B
NMR:
$608.09B
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Return for Risk
RY vs. NMR — Risk / Return Rank
RY
NMR
RY vs. NMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Nomura Holdings, Inc. (NMR). 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 | NMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.47 | ||
| Sortino ratioReturn per unit of downside risk | +3.63 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.25 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 1.83 | +3.96 |
| Martin ratioReturn relative to average drawdown | 21.54 | 4.67 | +16.88 |
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 | NMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.86 | 1.39 | +2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.44 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.34 | +0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | -0.00 | +0.65 |
Drawdowns
RY vs. NMR - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum NMR drawdown of -89.27%. Use the drawdown chart below to compare losses from any high point for RY and NMR.
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Drawdown Indicators
| RY | NMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -89.27% | +26.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -22.43% | +12.39% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -26.34% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -42.87% | +14.51% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -55.34% | +15.39% |
Current DrawdownCurrent decline from peak | 0.00% | -57.85% | +57.85% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -61.51% | +52.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 8.77% | -6.08% |
Volatility
RY vs. NMR - Volatility Comparison
The current volatility for Royal Bank of Canada (RY) is 4.34%, while Nomura Holdings, Inc. (NMR) has a volatility of 6.72%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than NMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RY | NMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 6.72% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 22.62% | -11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 29.56% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 29.68% | -11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 30.71% | -10.94% |
Dividends
RY vs. NMR - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.37%, more than NMR's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NMR Nomura Holdings, Inc. | 2.03% | 4.91% | 4.29% | 1.20% | 3.86% | 0.00% | 0.86% | 0.00% | 0.00% | 1.70% | 1.79% | 3.34% |
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. NMR - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and Nomura Holdings, 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. NMR - 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%.
NMR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported a gross profit of 723.15B and revenue of 1.36T. Therefore, the gross margin over that period was 53.2%.
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%.
NMR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported an operating income of 107.67B and revenue of 1.36T, resulting in an operating margin of 7.9%.
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%.
NMR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nomura Holdings, Inc. reported a net income of 73.93B and revenue of 1.36T, resulting in a net margin of 5.4%.
Frequently Asked Questions
RY and NMR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMR has higher volatility (6.72%) compared to RY (4.34%). In terms of maximum drawdown, RY dropped -62.90% vs NMR's -89.27%.
RY currently has the higher Sharpe Ratio (3.86 vs 1.39), 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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