VTV vs. RY.TO

Last updated Jun 14, 2026

VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while RY.TO (Royal Bank of Canada) is a stock. Over the past 10 years, VTV returned 12.78%/yr vs 17.12%/yr for RY.TO. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

VTV vs. RY.TO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VTV achieves a 14.29% return, which is significantly lower than RY.TO's 18.47% return. Over the past 10 years, VTV has underperformed RY.TO with an annualized return of 12.78%, while RY.TO has yielded a comparatively higher 17.12% annualized return.

VTV

• 1D: 0.93%
• 1M: 3.87%
• YTD: 14.29%
• 6M: 13.99%
• 1Y: 27.90%
• 3Y*: 18.16%
• 5Y*: 11.76%
• 10Y*: 12.78%

RY.TO

• 1D: 0.18%
• 1M: 8.38%
• YTD: 18.47%
• 6M: 22.15%
• 1Y: 61.13%
• 3Y*: 33.54%
• 5Y*: 18.10%
• 10Y*: 17.12%

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

VTV vs. RY.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	14.29%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
RY.TO Royal Bank of Canada	18.47%	46.28%	23.88%	12.48%	-7.39%	33.15%	9.11%	19.24%	-12.83%	25.63%

Correlation

The correlation between VTV and RY.TO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006	0.53

The correlation between VTV and RY.TO has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

Return for Risk

VTV vs. RY.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTV

VTV Risk / Return Rank: 88
VTV Sharpe Ratio Rank: 89
VTV Sortino Ratio Rank: 90
VTV Omega Ratio Rank: 87
VTV Calmar Ratio Rank: 87
VTV Martin Ratio Rank: 87

RY.TO

RY.TO Risk / Return Rank: 98
RY.TO Sharpe Ratio Rank: 99
RY.TO Sortino Ratio Rank: 99
RY.TO Omega Ratio Rank: 99
RY.TO Calmar Ratio Rank: 97
RY.TO Martin Ratio Rank: 98

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.

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

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

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.

	VTV	RY.TO	Difference
Sharpe ratio: Return per unit of total volatility	2.61	4.16	-1.56
Sortino ratio: Return per unit of downside risk	3.71	6.03	-2.32
Omega ratio: Gain probability vs. loss probability	1.47	1.74	-0.27
Calmar ratio: Return relative to maximum drawdown	4.25	6.18	-1.92
Martin ratio: Return relative to average drawdown	16.04	22.81	-6.78

VTV vs. RY.TO - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.61, which is lower than the RY.TO Sharpe Ratio of 4.16. The chart below compares the historical Sharpe Ratios of VTV and RY.TO, 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

VTV vs. RY.TO - Drawdown Comparison

The maximum VTV drawdown since its inception was -59.27%, smaller than the maximum RY.TO drawdown of -63.01%. Use the drawdown chart below to compare losses from any high point for VTV and RY.TO.

Drawdown Indicators

	VTV	RY.TO	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-63.01%	+3.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-9.82%	+3.47%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-19.58%	+5.06%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-28.47%	+11.43%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	-39.33%	+2.55%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.86%	-9.84%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	2.65%	-0.97%

Volatility

VTV vs. RY.TO - Volatility Comparison

The current volatility for Vanguard Value ETF (VTV) is 3.34%, while Royal Bank of Canada (RY.TO) has a volatility of 4.32%. This indicates that VTV experiences smaller price fluctuations and is considered to be less risky than RY.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTV	RY.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	4.32%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	7.82%	10.83%	-3.01%
Volatility (1Y) Calculated over the trailing 1-year period	10.38%	14.58%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	16.55%	-2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.68%	18.66%	-1.98%

Dividends

VTV vs. RY.TO - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.83%, less than RY.TO's 2.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RY.TO Royal Bank of Canada	2.28%	2.58%	3.23%	3.99%	3.90%	3.22%	4.10%	3.96%	4.03%	3.39%	3.57%	4.15%
VTV Vanguard Value ETF	1.83%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VTV and RY.TO in my portfolio?

VTV and RY.TO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.