TSAT.TO vs. RY.TO
TSAT.TO (Telesat Corporation) and RY.TO (Royal Bank of Canada) are both stocks. TSAT.TO operates in Communication Equipment (Technology), while RY.TO operates in Banks - Diversified (Financial Services). Over the past 3 years, TSAT.TO returned 94.86%/yr vs 34.92%/yr for RY.TO. At a 0.24 correlation, their price movements are largely independent.
Performance
TSAT.TO vs. RY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TSAT.TO achieves a 92.39% return, which is significantly higher than RY.TO's 17.41% return.
TSAT.TO
- 1D
- 16.91%
- 1M
- 13.27%
- YTD
- 92.39%
- 6M
- 96.72%
- 1Y
- 246.05%
- 3Y*
- 94.86%
- 5Y*
- —
- 10Y*
- —
RY.TO
- 1D
- 1.93%
- 1M
- 9.37%
- YTD
- 17.41%
- 6M
- 22.25%
- 1Y
- 60.91%
- 3Y*
- 34.92%
- 5Y*
- 20.83%
- 10Y*
- 17.44%
TSAT.TO vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TSAT.TO Telesat Corporation | 92.39% | 67.46% | 70.98% | 39.46% | -72.44% | -27.73% |
RY.TO Royal Bank of Canada | 17.41% | 39.60% | 34.37% | 9.80% | -1.52% | 1.74% |
Correlation
The correlation between TSAT.TO and RY.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2021 | 0.24 |
Fundamentals
TSAT.TO:
CA$1.14B
RY.TO:
CA$378.38B
TSAT.TO:
-CA$11.47
RY.TO:
CA$15.77
TSAT.TO:
3.24
RY.TO:
3.16
TSAT.TO:
2.20
RY.TO:
2.92
TSAT.TO:
CA$359.77M
RY.TO:
CA$120.33B
TSAT.TO:
CA$182.96M
RY.TO:
CA$65.64B
TSAT.TO:
CA$184.32M
RY.TO:
CA$14.74B
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Return for Risk
TSAT.TO vs. RY.TO — Risk / Return Rank
TSAT.TO
RY.TO
TSAT.TO vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telesat Corporation (TSAT.TO) and Royal Bank of Canada (RY.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.
| TSAT.TO | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.16 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.80 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 7.51 | 7.45 | +0.06 |
| Martin ratioReturn relative to average drawdown | 15.93 | 27.64 | -11.71 |
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
| TSAT.TO | RY.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.08 | 4.39 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.46 | -0.33 |
Drawdowns
TSAT.TO vs. RY.TO - Drawdown Comparison
The maximum TSAT.TO drawdown since its inception was -83.14%, which is greater than RY.TO's maximum drawdown of -70.56%. Use the drawdown chart below to compare losses from any high point for TSAT.TO and RY.TO.
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Drawdown Indicators
| TSAT.TO | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.14% | -70.56% | -12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -33.54% | -8.12% | -25.42% |
Max Drawdown (3Y)Largest decline over 3 years | -66.88% | -16.00% | -50.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.84% | — |
Current DrawdownCurrent decline from peak | -6.08% | 0.00% | -6.08% |
Average DrawdownAverage peak-to-trough decline | -55.41% | -20.93% | -34.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.78% | 2.18% | +13.60% |
Volatility
TSAT.TO vs. RY.TO - Volatility Comparison
Telesat Corporation (TSAT.TO) has a higher volatility of 24.59% compared to Royal Bank of Canada (RY.TO) at 4.83%. This indicates that TSAT.TO's price experiences larger fluctuations and is considered to be riskier than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSAT.TO | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.59% | 4.83% | +19.76% |
Volatility (6M)Calculated over the trailing 6-month period | 62.59% | 10.68% | +51.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 81.82% | 13.80% | +68.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.40% | 14.94% | +63.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.40% | 17.27% | +61.13% |
Dividends
TSAT.TO vs. RY.TO - Dividend Comparison
TSAT.TO has not paid dividends to shareholders, while RY.TO's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RY.TO Royal Bank of Canada | 2.35% | 2.58% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% |
TSAT.TO Telesat Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TSAT.TO vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between Telesat Corporation and Royal Bank of Canada. 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
TSAT.TO vs. RY.TO - Profitability Comparison
TSAT.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telesat Corporation reported a gross profit of 23.20M and revenue of 87.06M. Therefore, the gross margin over that period was 26.7%.
RY.TO - 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 16.52B and revenue of 33.95B. Therefore, the gross margin over that period was 48.7%.
TSAT.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telesat Corporation reported an operating income of 3.09M and revenue of 87.06M, resulting in an operating margin of 3.5%.
RY.TO - 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 33.95B, resulting in an operating margin of 20.9%.
TSAT.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telesat Corporation reported a net income of -45.50M and revenue of 87.06M, resulting in a net margin of -52.3%.
RY.TO - 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 33.95B, resulting in a net margin of 16.2%.
Frequently Asked Questions
TSAT.TO and RY.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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