RY vs. VIGI
RY (Royal Bank of Canada) is a stock, while VIGI (Vanguard International Dividend Appreciation ETF) is Dividend fund tracking the S&P Global Ex-U.S. Dividend Growers Index. Over the past 10 years, RY returned 17.18%/yr vs 8.31%/yr for VIGI. A 0.63 correlation means they provide meaningful diversification when combined.
Performance
RY vs. VIGI - Performance Comparison
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Returns By Period
In the year-to-date period, RY achieves a 18.68% return, which is significantly higher than VIGI's 3.10% return. Over the past 10 years, RY has outperformed VIGI with an annualized return of 17.18%, while VIGI has yielded a comparatively lower 8.31% annualized 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%
VIGI
- 1D
- -0.22%
- 1M
- 0.88%
- YTD
- 3.10%
- 6M
- 3.92%
- 1Y
- 6.49%
- 3Y*
- 9.51%
- 5Y*
- 4.27%
- 10Y*
- 8.31%
RY vs. VIGI - 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% |
VIGI Vanguard International Dividend Appreciation ETF | 3.10% | 16.88% | 2.73% | 16.30% | -16.79% | 12.51% | 14.66% | 27.53% | -11.50% | 27.97% |
Correlation
The correlation between RY and VIGI is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2016 | 0.63 |
The correlation between RY and VIGI has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
RY vs. VIGI — Risk / Return Rank
RY
VIGI
RY vs. VIGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Vanguard International Dividend Appreciation ETF (VIGI). 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 | VIGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.58 | ||
| Sortino ratioReturn per unit of downside risk | +5.06 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.08 | +0.62 |
| Calmar ratioReturn relative to maximum drawdown | 5.97 | 0.48 | +5.49 |
| Martin ratioReturn relative to average drawdown | 22.22 | 1.70 | +20.52 |
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Drawdowns
RY vs. VIGI - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, which is greater than VIGI's maximum drawdown of -31.01%. Use the drawdown chart below to compare losses from any high point for RY and VIGI.
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Drawdown Indicators
| RY | VIGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -31.01% | -31.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -10.64% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -14.50% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -28.80% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -31.01% | -8.94% |
Current DrawdownCurrent decline from peak | 0.00% | -2.03% | +2.03% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -6.17% | -3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 3.04% | -0.35% |
Volatility
RY vs. VIGI - Volatility Comparison
Royal Bank of Canada (RY) has a higher volatility of 4.01% compared to Vanguard International Dividend Appreciation ETF (VIGI) at 3.35%. This indicates that RY's price experiences larger fluctuations and is considered to be riskier than VIGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RY | VIGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 3.35% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 10.40% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 13.20% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 14.47% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 15.87% | +3.89% |
Dividends
RY vs. VIGI - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.32%, more than VIGI's 2.14% 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% |
VIGI Vanguard International Dividend Appreciation ETF | 2.14% | 2.14% | 1.93% | 1.92% | 2.06% | 7.02% | 1.29% | 1.83% | 1.99% | 1.75% | 1.05% | 0.00% |
Frequently Asked Questions
RY and VIGI have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RY has higher volatility (4.01%) compared to VIGI (3.35%). In terms of maximum drawdown, RY dropped -62.90% vs VIGI's -31.01%.
RY currently has the higher Sharpe Ratio (3.97 vs 0.39), 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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