RY vs. WFC
RY (Royal Bank of Canada) and WFC (Wells Fargo & Company) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, RY returned 17.18%/yr vs 8.95%/yr for WFC. At a 0.46 correlation, their price movements are largely independent.
Performance
RY vs. WFC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RY achieves a 18.68% return, which is significantly higher than WFC's -9.20% return. Over the past 10 years, RY has outperformed WFC with an annualized return of 17.18%, while WFC has yielded a comparatively lower 8.95% 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%
WFC
- 1D
- 1.61%
- 1M
- 14.04%
- YTD
- -9.20%
- 6M
- -8.77%
- 1Y
- 18.25%
- 3Y*
- 28.38%
- 5Y*
- 15.64%
- 10Y*
- 8.95%
RY vs. WFC - 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% |
WFC Wells Fargo & Company | -9.20% | 35.57% | 46.48% | 22.94% | -11.92% | 61.15% | -41.65% | 21.44% | -21.83% | 13.21% |
Correlation
The correlation between RY and WFC is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 1995 | 0.46 |
The correlation between RY and WFC has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.
Fundamentals
RY:
$205.02B
WFC:
$269.39B
RY:
CA$18.17
WFC:
$6.73
RY:
15.35
WFC:
12.44
RY:
2.22
WFC:
1.07
RY:
2.45
WFC:
2.15
RY:
2.21
WFC:
1.65
RY:
CA$138.99B
WFC:
$125.70B
RY:
CA$65.64B
WFC:
$81.14B
RY:
CA$30.01B
WFC:
$31.58B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RY vs. WFC — Risk / Return Rank
RY
WFC
RY vs. WFC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Bank of Canada (RY) and Wells Fargo & Company (WFC). 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 | WFC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +4.76 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.12 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 5.97 | 0.68 | +5.29 |
| Martin ratioReturn relative to average drawdown | 22.22 | 1.54 | +20.68 |
Loading charts...
Drawdowns
RY vs. WFC - Drawdown Comparison
The maximum RY drawdown since its inception was -62.90%, smaller than the maximum WFC drawdown of -79.01%. Use the drawdown chart below to compare losses from any high point for RY and WFC.
Loading charts...
Drawdown Indicators
| RY | WFC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.90% | -79.01% | +16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -10.04% | -23.02% | +12.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.88% | -24.73% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -28.36% | -37.10% | +8.74% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | -64.46% | +24.51% |
Current DrawdownCurrent decline from peak | 0.00% | -12.21% | +12.21% |
Average DrawdownAverage peak-to-trough decline | -9.32% | -15.35% | +6.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 10.18% | -7.49% |
Volatility
RY vs. WFC - Volatility Comparison
The current volatility for Royal Bank of Canada (RY) is 4.01%, while Wells Fargo & Company (WFC) has a volatility of 5.95%. This indicates that RY experiences smaller price fluctuations and is considered to be less risky than WFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RY | WFC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 5.95% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 19.95% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.10% | 26.75% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.00% | 30.23% | -12.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 32.28% | -12.52% |
Dividends
RY vs. WFC - Dividend Comparison
RY's dividend yield for the trailing twelve months is around 2.32%, more than WFC's 2.15% 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% |
WFC Wells Fargo & Company | 2.15% | 1.82% | 2.14% | 2.64% | 2.66% | 1.25% | 4.04% | 3.57% | 3.56% | 2.54% | 2.75% | 2.71% |
Financials
RY vs. WFC - Financials Comparison
This section allows you to compare key financial metrics between Royal Bank of Canada and Wells Fargo & Company. 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. WFC - 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%.
WFC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a gross profit of 20.31B and revenue of 31.80B. Therefore, the gross margin over that period was 63.9%.
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%.
WFC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported an operating income of 5.85B and revenue of 31.80B, resulting in an operating margin of 18.4%.
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%.
WFC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wells Fargo & Company reported a net income of 5.29B and revenue of 31.80B, resulting in a net margin of 16.6%.
Frequently Asked Questions
RY and WFC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WFC has higher volatility (5.95%) compared to RY (4.01%). In terms of maximum drawdown, RY dropped -62.90% vs WFC's -79.01%.
RY currently has the higher Sharpe Ratio (3.97 vs 0.59), 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.
Find the right allocation for RY and WFC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer