RY vs. PFG
RY (Royal Bank of Canada) and PFG (Principal Financial Group, Inc.) are both stocks. Both are in the Financial Services sector — RY in Banks - Diversified, PFG in Insurance - Diversified. Over the past 10 years, RY returned 16.63%/yr vs 13.61%/yr for PFG. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
RY vs. PFG - Performance Comparison
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Returns By Period
In the year-to-date period, RY achieves a 16.17% return, which is significantly lower than PFG's 21.10% return. Over the past 10 years, RY has outperformed PFG with an annualized return of 16.63%, while PFG has yielded a comparatively lower 13.61% 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%
PFG
- 1D
- -0.18%
- 1M
- 5.34%
- YTD
- 21.10%
- 6M
- 22.95%
- 1Y
- 41.47%
- 3Y*
- 17.87%
- 5Y*
- 14.05%
- 10Y*
- 13.61%
RY vs. PFG - 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% |
PFG Principal Financial Group, Inc. | 21.10% | 18.38% | 1.87% | -2.83% | 20.10% | 51.35% | -5.19% | 29.71% | -34.96% | 25.52% |
Correlation
The correlation between RY and PFG is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2001 | 0.51 |
The correlation between RY and PFG shifts across timeframes, from 0.42 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RY:
$200.68B
PFG:
$23.14B
RY:
$18.17
PFG:
$6.97
RY:
10.75
PFG:
15.06
RY:
1.56
PFG:
0.22
RY:
1.71
PFG:
1.95
RY:
1.55
PFG:
1.96
RY:
$138.99B
PFG:
$12.07B
RY:
$65.64B
PFG:
$5.76B
RY:
$30.01B
PFG:
$1.39B
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Return for Risk
RY vs. PFG — Risk / Return Rank
RY
PFG
RY vs. PFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Principal Financial Group, Inc. (PFG). 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 | PFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.33 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.79 | 3.48 | +2.30 |
| Martin ratioReturn relative to average drawdown | 21.54 | 11.28 | +10.26 |
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 | PFG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.86 | 1.92 | +1.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.53 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.43 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.23 | +0.43 |
Drawdowns
RY vs. PFG - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum PFG drawdown of -91.50%. Use the drawdown chart below to compare losses from any high point for RY and PFG.
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Drawdown Indicators
| RY | PFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -91.50% | +28.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -11.96% | +1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -22.43% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -29.32% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -64.73% | +24.78% |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -21.85% | +12.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.69% | -1.00% |
Volatility
RY vs. PFG - Volatility Comparison
The current volatility for Royal Bank of Canada (RY) is 4.34%, while Principal Financial Group, Inc. (PFG) has a volatility of 4.90%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than PFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RY | PFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.90% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.36% | 15.63% | -4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 21.73% | -6.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 26.63% | -8.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 31.96% | -12.19% |
Dividends
RY vs. PFG - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.37%, less than PFG's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFG Principal Financial Group, Inc. | 3.04% | 3.49% | 3.68% | 3.30% | 3.05% | 3.37% | 4.52% | 3.96% | 4.75% | 2.65% | 2.78% | 3.33% |
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. PFG - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and Principal Financial 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
Frequently Asked Questions
RY and PFG have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFG has higher volatility (4.90%) compared to RY (4.34%). In terms of maximum drawdown, RY dropped -62.90% vs PFG's -91.50%.
RY currently has the higher Sharpe Ratio (3.86 vs 1.92), 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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