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VFV.TO vs. RY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFV.TO vs. RY

Last updated Jun 14, 2026

VFV.TO (Vanguard S&P 500 Index ETF) is S&P 500 fund tracking the S&P 500 Index, while RY (Royal Bank of Canada) is a stock. Over the past 10 years, VFV.TO returned 16.12%/yr vs 18.19%/yr for RY. At a 0.30 correlation, their price movements are largely independent.

Performance

VFV.TO vs. RY - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard S&P 500 Index ETF (VFV.TO) and Royal Bank of Canada (RY). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VFV.TO is traded in CAD, while RY is traded in USD. To make them comparable, the RY values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFV.TO achieves a 11.07% return, which is significantly lower than RY's 21.09% return. Over the past 10 years, VFV.TO has underperformed RY with an annualized return of 16.12%, while RY has yielded a comparatively higher 18.19% annualized return.

VFV.TO

1D
0.74%
1M
2.06%
YTD
11.07%
6M
10.94%
1Y
29.19%
3Y*
22.63%
5Y*
16.33%
10Y*
16.12%

RY

1D
0.32%
1M
10.77%
YTD
21.09%
6M
23.73%
1Y
65.38%
3Y*
35.55%
5Y*
21.80%
10Y*
18.19%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VFV.TO vs. RY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFV.TO
Vanguard S&P 500 Index ETF		11.07%12.18%35.23%23.23%-12.58%27.51%15.61%25.14%2.95%13.69%
RY
Royal Bank of Canada		21.09%39.61%34.28%10.04%-2.17%34.05%5.85%15.22%-5.56%16.49%

Correlation

The correlation between VFV.TO and RY is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.38

Correlation (10Y)
Calculated over the trailing 10-year period

0.34

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2012

0.30

The correlation between VFV.TO and RY shifts across timeframes, from 0.30 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 Index ETF

Royal Bank of Canada

Often compared with VFV.TO:
VFV.TO vs. XEQT.TOVFV.TO vs. VEQT.TOVFV.TO vs. VOOVFV.TO vs. QQC.TOVFV.TO vs. VSP.TOVFV.TO vs. VCN.TOVFV.TO vs. XQQ.TO
Often compared with RY:
RY vs. TDRY vs. BNSRY vs. JPMRY vs. BMORY vs. TD.TORY vs. DOL.TORY vs. EQB.TO

Return for Risk

VFV.TO vs. RY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFV.TO
VFV.TO Risk / Return Rank: 7979
Overall Rank
VFV.TO Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VFV.TO Sortino Ratio Rank: 8181
Sortino Ratio Rank
VFV.TO Omega Ratio Rank: 8383
Omega Ratio Rank
VFV.TO Calmar Ratio Rank: 7373
Calmar Ratio Rank
VFV.TO Martin Ratio Rank: 7474
Martin Ratio Rank
RY
RY Risk / Return Rank: 9797
Overall Rank
RY Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
RY Sortino Ratio Rank: 9999
Sortino Ratio Rank
RY Omega Ratio Rank: 9898
Omega Ratio Rank
RY Calmar Ratio Rank: 9494
Calmar Ratio Rank
RY Martin Ratio Rank: 9797
Martin Ratio Rank
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.

VFV.TO vs. RY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 Index ETF (VFV.TO) and Royal Bank of Canada (RY). 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.

VFV.TORYDifference
Sharpe ratioReturn per unit of total volatility
2.33
4.08

-1.75

Sortino ratioReturn per unit of downside risk
3.14
5.69

-2.56

Omega ratioGain probability vs. loss probability

1.43

1.72

-0.29

Calmar ratioReturn relative to maximum drawdown

3.21

7.83

-4.62

Martin ratioReturn relative to average drawdown

12.10

28.12

-16.02

VFV.TO vs. RY - Sharpe Ratio Comparison

The current VFV.TO Sharpe Ratio is 2.33, which is lower than the RY Sharpe Ratio of 4.08. The chart below compares the historical Sharpe Ratios of VFV.TO and RY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VFV.TO vs. RY - Drawdown Comparison

The maximum VFV.TO drawdown since its inception was -27.43%, smaller than the maximum RY drawdown of -53.85%. Use the drawdown chart below to compare losses from any high point for VFV.TO and RY.

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Drawdown Indicators

VFV.TORYDifference

Max Drawdown

Largest peak-to-trough decline

-27.43%

-53.85%

+26.42%

Max Drawdown (1Y)

Largest decline over 1 year

-8.62%

-8.11%

-0.51%

Max Drawdown (3Y)

Largest decline over 3 years

-19.05%

-16.37%

-2.68%

Max Drawdown (5Y)

Largest decline over 5 years

-22.19%

-20.93%

-1.26%

Max Drawdown (10Y)

Largest decline over 10 years

-27.43%

-34.52%

+7.09%

Current Drawdown

Current decline from peak

-1.46%

0.00%

-1.46%

Average Drawdown

Average peak-to-trough decline

-3.35%

-6.43%

+3.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.28%

2.26%

+0.02%

Volatility

VFV.TO vs. RY - Volatility Comparison

Vanguard S&P 500 Index ETF (VFV.TO) and Royal Bank of Canada (RY) have volatilities of 4.49% and 4.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VFV.TORYDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

4.29%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

11.83%

-2.61%

Volatility (1Y)

Calculated over the trailing 1-year period

11.86%

15.56%

-3.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.99%

18.61%

-3.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.60%

20.51%

-3.91%

Dividends

VFV.TO vs. RY - Dividend Comparison

VFV.TO's dividend yield for the trailing twelve months is around 0.84%, less than RY's 2.32% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VFV.TO
Vanguard S&P 500 Index ETF		0.84%0.92%0.99%1.20%1.31%1.06%1.33%1.55%1.69%1.51%1.65%1.63%

Frequently Asked Questions

VFV.TO and RY have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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