RY vs. TF.TO
RY (Royal Bank of Canada) and TF.TO (Timbercreek Financial Corp.) are both stocks. Both are in the Financial Services sector — RY in Banks - Diversified, TF.TO in Mortgage Finance. Over the past 5 years, RY returned 18.33%/yr vs -1.19%/yr for TF.TO. At a 0.31 correlation, their price movements are largely independent.
Performance
RY vs. TF.TO - Performance Comparison
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Different Trading Currencies
RY is traded in USD, while TF.TO is traded in CAD. To make them comparable, the TF.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 TF.TO's -1.47% return.
RY
- 1D
- 0.14%
- 1M
- 8.80%
- YTD
- 18.68%
- 6M
- 21.99%
- 1Y
- 60.93%
- 3Y*
- 33.55%
- 5Y*
- 18.33%
- 10Y*
- 17.18%
TF.TO
- 1D
- 1.04%
- 1M
- 1.86%
- YTD
- -1.47%
- 6M
- 0.39%
- 1Y
- -5.08%
- 3Y*
- 4.18%
- 5Y*
- -1.19%
- 10Y*
- —
RY vs. TF.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% |
TF.TO Timbercreek Financial Corp. | -1.47% | 11.68% | 7.02% | 5.71% | -24.41% | 19.65% | -3.15% | 27.25% | -9.56% | 27.32% |
Correlation
The correlation between RY and TF.TO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016 | 0.31 |
The correlation between RY and TF.TO shifts across timeframes, from 0.31 (all time) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RY:
$205.02B
TF.TO:
CA$545.34M
RY:
CA$18.17
TF.TO:
CA$0.36
RY:
15.35
TF.TO:
18.15
RY:
2.22
TF.TO:
0.84
RY:
2.45
TF.TO:
3.74
RY:
2.21
TF.TO:
0.83
RY:
CA$138.99B
TF.TO:
CA$145.73M
RY:
CA$65.64B
TF.TO:
CA$79.48M
RY:
CA$30.01B
TF.TO:
CA$55.87M
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Return for Risk
RY vs. TF.TO — Risk / Return Rank
RY
TF.TO
RY vs. TF.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Timbercreek Financial Corp. (TF.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 | TF.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.31 | ||
| Sortino ratioReturn per unit of downside risk | +6.04 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 0.95 | +0.74 |
| Calmar ratioReturn relative to maximum drawdown | 5.97 | -0.30 | +6.26 |
| Martin ratioReturn relative to average drawdown | 22.22 | -0.70 | +22.91 |
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Drawdowns
RY vs. TF.TO - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, which is greater than TF.TO's maximum drawdown of -45.42%. Use the drawdown chart below to compare losses from any high point for RY and TF.TO.
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Drawdown Indicators
| RY | TF.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -45.42% | -17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -18.58% | +8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -26.64% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -37.57% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.10% | +10.10% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -9.16% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 7.89% | -5.20% |
Volatility
RY vs. TF.TO - Volatility Comparison
Royal Bank of Canada (RY) has a higher volatility of 4.01% compared to Timbercreek Financial Corp. (TF.TO) at 3.57%. This indicates that RY's price experiences larger fluctuations and is considered to be riskier than TF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RY | TF.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 3.57% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 12.09% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 16.24% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 19.52% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 20.43% | -0.67% |
Dividends
RY vs. TF.TO - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.32%, less than TF.TO's 10.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TF.TO Timbercreek Financial Corp. | 10.47% | 10.09% | 9.76% | 10.35% | 9.76% | 7.18% | 7.99% | 6.95% | 7.89% | 7.12% | 3.92% | 0.00% |
Financials
RY vs. TF.TO - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and Timbercreek Financial Corp.. 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. TF.TO - 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%.
TF.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported a gross profit of 22.05M and revenue of 39.10M. Therefore, the gross margin over that period was 56.4%.
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%.
TF.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported an operating income of 17.68M and revenue of 39.10M, resulting in an operating margin of 45.2%.
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%.
TF.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Timbercreek Financial Corp. reported a net income of 10.37M and revenue of 39.10M, resulting in a net margin of 26.5%.
Frequently Asked Questions
RY and TF.TO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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