RY vs. VXUS

Last updated Jun 13, 2026

RY (Royal Bank of Canada) is a stock, while VXUS (Vanguard Total International Stock ETF) is Global Equities fund tracking the FTSE Global All Cap ex US Index. Over the past 10 years, RY returned 17.18%/yr vs 10.22%/yr for VXUS. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

RY vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Royal Bank of Canada (RY) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RY achieves a 18.68% return, which is significantly higher than VXUS's 13.69% return. Over the past 10 years, RY has outperformed VXUS with an annualized return of 17.18%, while VXUS has yielded a comparatively lower 10.22% 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%

VXUS

• 1D: 0.40%
• 1M: 0.78%
• YTD: 13.69%
• 6M: 15.52%
• 1Y: 30.12%
• 3Y*: 18.37%
• 5Y*: 8.32%
• 10Y*: 10.22%

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

RY vs. VXUS - 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%
VXUS Vanguard Total International Stock ETF	13.69%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between RY and VXUS is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.68

The correlation between RY and VXUS has been stable across timeframes, ranging from 0.61 to 0.68 - a consistent structural relationship.

Return for Risk

RY vs. VXUS — 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

VXUS

VXUS Risk / Return Rank: 61
VXUS Sharpe Ratio Rank: 61
VXUS Sortino Ratio Rank: 60
VXUS Omega Ratio Rank: 63
VXUS Calmar Ratio Rank: 58
VXUS Martin Ratio Rank: 62

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. VXUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Vanguard Total International Stock ETF (VXUS). 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	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	3.97	1.77	+2.19
Sortino ratio: Return per unit of downside risk	5.70	2.44	+3.26
Omega ratio: Gain probability vs. loss probability	1.70	1.33	+0.37
Calmar ratio: Return relative to maximum drawdown	5.97	2.53	+3.44
Martin ratio: Return relative to average drawdown	22.22	9.72	+12.49

RY vs. VXUS - Sharpe Ratio Comparison

The current RY Sharpe Ratio is 3.97, which is higher than the VXUS Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of RY and VXUS, 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. VXUS - Drawdown Comparison

The maximum RY drawdown since its inception was -62.90%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for RY and VXUS.

Drawdown Indicators

	RY	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-62.90%	-35.97%	-26.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.04%	-11.27%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	-13.58%	-6.30%
Max Drawdown (5Y) Largest decline over 5 years	-28.36%	-29.44%	+1.08%
Max Drawdown (10Y) Largest decline over 10 years	-39.95%	-35.97%	-3.98%
Current Drawdown Current decline from peak	0.00%	-1.47%	+1.47%
Average Drawdown Average peak-to-trough decline	-9.32%	-8.21%	-1.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.93%	-0.24%

Volatility

RY vs. VXUS - Volatility Comparison

The current volatility for Royal Bank of Canada (RY) is 4.01%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 6.71%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than VXUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RY	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	6.71%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	11.34%	14.02%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	15.10%	16.09%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	16.21%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.76%	17.20%	+2.56%

Dividends

RY vs. VXUS - Dividend Comparison

RY's dividend yield for the trailing twelve months is around 2.32%, less than VXUS's 2.67% 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%
VXUS Vanguard Total International Stock ETF	2.67%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both RY and VXUS in my portfolio?

RY and VXUS have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RY or VXUS?

VXUS has higher volatility (6.71%) compared to RY (4.01%). In terms of maximum drawdown, RY dropped -62.90% vs VXUS's -35.97%.

Which has better risk-adjusted returns?

RY currently has the higher Sharpe Ratio (3.97 vs 1.77), 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.