Royal Bank of Canada is one of the two largest banks in Canada, with around CAD 2.3 trillion in assets at the end of fiscal 2025. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.
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The chart shows the growth of an initial investment of $10,000 in Royal Bank of Canada, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Royal Bank of Canada (RY) has returned -4.58% so far this year and 53.84% over the past 12 months. Looking at the last ten years, RY has achieved an annualized return of 10.98%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Royal Bank of Canada (RY) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.93% | 0.71% | -1.65% | 0.31% | ||||||||
| 2025 | 1.52% | 0.66% | -4.47% | 6.82% | 5.71% | 4.18% | -2.21% | 13.63% | 2.44% | -0.45% | 5.46% | 10.69% |
| 2024 | -2.44% | -0.54% | 3.83% | -4.01% | 12.67% | -2.85% | 4.60% | 8.19% | 3.79% | -3.18% | 3.26% | -3.97% |
| 2023 | 8.88% | -0.67% | -4.75% | 2.65% | -10.09% | 6.54% | 3.61% | -8.45% | -3.17% | -8.33% | 13.04% | 12.03% |
| 2022 | 7.17% | -3.34% | 0.05% | -8.69% | 3.59% | -7.79% | 1.13% | -4.24% | -2.48% | 1.34% | 6.89% | -6.07% |
| 2021 | -2.12% | 4.64% | 6.84% | 3.50% | 8.46% | -2.88% | -0.69% | 1.26% | -3.55% | 4.54% | -5.29% | 5.61% |
| 2020 | -0.48% | -5.96% | -17.28% | 4.20% | 7.31% | 4.04% | 1.33% | 9.90% | -7.54% | -0.84% | 16.30% | -1.35% |
| 2019 | 12.36% | 2.24% | -3.54% | 4.68% | -5.74% | 5.59% | -1.12% | -5.01% | 8.82% | -0.87% | 1.08% | -3.28% |
| 2018 | 4.72% | -7.51% | -2.00% | -1.60% | -0.47% | -1.03% | 4.06% | 2.05% | 1.88% | -10.63% | -0.31% | -8.06% |
| 2017 | 5.82% | 1.08% | -0.68% | -5.73% | 0.67% | 4.45% | 2.42% | -1.13% | 3.80% | 1.00% | -0.06% | 3.33% |
| 2016 | 9.23% | -3.37% | -1.12% | 3.25% | 2.05% | -0.15% | 0.84% | 3.60% | 3.75% |
The charts below present risk-adjusted performance metrics for Royal Bank of Canada (RY) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of RY compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Royal Bank of Canada volatility is 1.09%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
RBC Global Asset Management Inc. announced March 2026 cash distributions for its ETF Series of RBC Funds. Unitholders of record on April 8, 2026, will receive distributions payable on April 15, 2026. Five RBC funds announced distributions ranging from $0.06 to $0.18 per unit.
RBC Global Asset Management Inc. announced final distributions for the RBC Private U.S. Growth Equity Pool across multiple series following a recent sub-advisor appointment. Distributions ranged from $43.90 to $66.75 per unit depending on the series and currency.
The Mulvihill Canadian Bank Enhanced Yield ETF (CBNK) reported strong 2025 results with net assets increasing by $47.04 million to $130.48 million. The fund distributed $8.67 million in cash distributions to unitholders and generated $48.96 million in income including net gains on investments.
Dividend Select 15 Corp. announced its monthly distribution of $0.06350 per equity share, payable April 10, 2026 to shareholders of record as of March 31, 2026. The dividend is calculated using a 10% annualized rate based on the volume-weighted average market price (VWAP) of $7.62 over the last 3 trading days of the preceding month, maintaining a stable 10% yield. Since inception, equity shareholders have received a total of $11.63 per share.
Canadian Banc Corp. declared monthly distributions of $0.18138 per Class A share and $0.04958 per Preferred share, payable April 10, 2026. Class A shareholders maintain a stable 15% annualized yield based on VWAP, while the company continues its strategy of investing in six major Canadian banks and employing selective covered call writing to generate additional returns.
Prime Dividend Corp. declared monthly distributions of $0.09817 per Class A share and $0.05667 per Preferred share, payable April 10, 2026. Class A shareholders maintain a stable 10% yield based on volume-weighted average market price, while Preferred shareholders receive Prime plus 2.35% (5-8% range). The company invests in a portfolio of high-yielding Canadian companies including major banks, insurers, and utilities.
Dividend 15 Split Corp. declares monthly distributions of $0.10000 per Class A share and $0.05833 per Preferred share, payable April 10, 2026. The fund invests in a portfolio of 14 leading Canadian dividend-yielding stocks. Since inception, Class A shareholders have received $29.00 per share and Preferred shareholders $11.93 per share.
Financial 15 Split Corp. declared its regular monthly distributions of $0.12570 per Class A share (annualized at $1.51) and $0.06042 per Preferred share (annualized at $0.725), payable April 10, 2026. Since inception, Class A shareholders have received $28.45 per share and Preferred shareholders $13.14 per share.
North American Financial 15 Split Corp. declared its regular monthly distributions of $0.11335 per Class A share (annualized $1.3602) and $0.06250 per Preferred share (annualized $0.750), payable April 10, 2026. Since inception, Class A shareholders have received $18.99 per share and Preferred shareholders $12.74 per share.
RBC Global Asset Management announced that the risk rating for RBC Target 2030 U.S. Corporate Bond ETF has decreased from 'Low to Medium' to 'Low' effective March 17, 2026. The company also announced March 2026 cash distributions for multiple RBC ETFs, with unitholders of record on March 24, 2026 receiving distributions payable on March 31, 2026.