WSP.TO vs. RY.TO
WSP.TO (WSP Global Inc.) and RY.TO (Royal Bank of Canada) are both stocks. WSP.TO operates in Engineering & Construction (Industrials), while RY.TO operates in Banks - Diversified (Financial Services). Over the past 10 years, WSP.TO returned 18.26%/yr vs 18.12%/yr for RY.TO. At a 0.29 correlation, their price movements are largely independent.
Performance
WSP.TO vs. RY.TO - Performance Comparison
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Returns By Period
In the year-to-date period, WSP.TO achieves a -26.26% return, which is significantly lower than RY.TO's 20.87% return. Both investments have delivered pretty close results over the past 10 years, with WSP.TO having a 18.26% annualized return and RY.TO not far behind at 18.12%.
WSP.TO
- 1D
- -0.45%
- 1M
- -5.50%
- YTD
- -26.26%
- 6M
- -23.95%
- 1Y
- -32.21%
- 3Y*
- 2.32%
- 5Y*
- 6.52%
- 10Y*
- 18.26%
RY.TO
- 1D
- 0.36%
- 1M
- 10.50%
- YTD
- 20.87%
- 6M
- 23.89%
- 1Y
- 65.59%
- 3Y*
- 35.54%
- 5Y*
- 21.56%
- 10Y*
- 18.12%
WSP.TO vs. RY.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WSP.TO WSP Global Inc. | -26.26% | -1.18% | 37.07% | 19.24% | -13.60% | 53.84% | 38.33% | 54.10% | 0.28% | 37.94% |
RY.TO Royal Bank of Canada | 20.87% | 39.60% | 34.37% | 9.80% | -1.52% | 33.09% | 6.52% | 14.33% | -5.50% | 17.12% |
Correlation
The correlation between WSP.TO and RY.TO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.29 |
The correlation between WSP.TO and RY.TO shifts across timeframes, from 0.29 (all time) to 0.43 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
WSP.TO:
CA$24.71B
RY.TO:
CA$389.54B
WSP.TO:
CA$7.30
RY.TO:
CA$15.77
WSP.TO:
25.05
RY.TO:
17.69
WSP.TO:
1.43
RY.TO:
2.60
WSP.TO:
1.31
RY.TO:
3.25
WSP.TO:
2.46
RY.TO:
3.01
WSP.TO:
CA$18.45B
RY.TO:
CA$120.33B
WSP.TO:
CA$3.18B
RY.TO:
CA$65.64B
WSP.TO:
CA$2.56B
RY.TO:
CA$14.74B
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Return for Risk
WSP.TO vs. RY.TO — Risk / Return Rank
WSP.TO
RY.TO
WSP.TO vs. RY.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WSP Global Inc. (WSP.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.
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.
| WSP.TO | RY.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.89 | ||
| Sortino ratioReturn per unit of downside risk | -8.23 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 1.85 | -1.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 7.91 | -8.81 |
| Martin ratioReturn relative to average drawdown | -1.96 | 29.39 | -31.35 |
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Drawdowns
WSP.TO vs. RY.TO - Drawdown Comparison
The maximum WSP.TO drawdown since its inception was -45.04%, smaller than the maximum RY.TO drawdown of -54.03%. Use the drawdown chart below to compare losses from any high point for WSP.TO and RY.TO.
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Drawdown Indicators
| WSP.TO | RY.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.04% | -54.03% | +8.99% |
Max Drawdown (1Y)Largest decline over 1 year | -37.09% | -8.12% | -28.97% |
Max Drawdown (3Y)Largest decline over 3 years | -37.09% | -16.00% | -21.09% |
Max Drawdown (5Y)Largest decline over 5 years | -37.09% | -21.21% | -15.88% |
Max Drawdown (10Y)Largest decline over 10 years | -37.11% | -33.84% | -3.27% |
Current DrawdownCurrent decline from peak | -36.93% | 0.00% | -36.93% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -6.72% | -3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.92% | 2.18% | +14.74% |
Volatility
WSP.TO vs. RY.TO - Volatility Comparison
WSP Global Inc. (WSP.TO) has a higher volatility of 8.07% compared to Royal Bank of Canada (RY.TO) at 4.23%. This indicates that WSP.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
| WSP.TO | RY.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 4.23% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 23.66% | 10.44% | +13.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.74% | 13.82% | +12.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 14.93% | +8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.32% | 17.26% | +7.06% |
Dividends
WSP.TO vs. RY.TO - Dividend Comparison
WSP.TO's dividend yield for the trailing twelve months is around 0.82%, 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% |
WSP.TO WSP Global Inc. | 0.82% | 0.60% | 0.59% | 0.81% | 0.95% | 0.82% | 1.24% | 1.69% | 2.56% | 2.50% | 3.36% | 3.53% |
Financials
WSP.TO vs. RY.TO - Financials Comparison
This section allows you to compare key financial metrics between WSP Global Inc. 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
WSP.TO vs. RY.TO - Profitability Comparison
WSP.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, WSP Global Inc. reported a gross profit of 813.10M and revenue of 4.55B. Therefore, the gross margin over that period was 17.9%.
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%.
WSP.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, WSP Global Inc. reported an operating income of 416.50M and revenue of 4.55B, resulting in an operating margin of 9.2%.
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%.
WSP.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, WSP Global Inc. reported a net income of 144.10M and revenue of 4.55B, resulting in a net margin of 3.2%.
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
WSP.TO and RY.TO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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