Peers · Financial Services
RY Alternatives
The closest RY alternative is WFC (2.40% yield, 9.0/10 safety), followed by MAIN and PSEC. All 3 sit in the same financial services sector as RY (2.38% yield, 9.0/10 safety) and are ranked below on how closely they match it.
The closest alternative to RY in our universe is WFC — nearly identical yield (2.40% vs 2.38% for RY) and a 9.0/10 safety score compared to RY's 9.0/10. Across all 3 peers, yields range from 2.40% to 26.09% and safety scores range from 1.9 to 9.0/10.
Switching from RY to a peer is not always straightforward — a higher yield peer often carries a lower safety score, and vice versa. Tax treatment can diverge too: check whether RY dividends are qualified before assuming a peer's headline yield is comparable after tax. The table below ranks each alternative by how closely it matches RY on both dimensions simultaneously, so you can see the full yield-vs-safety tradeoff at a glance.
Closest matches
| Ticker | Yield | Safety | How it differs from RY |
|---|---|---|---|
| WFC · Wells Fargo & Company | 2.40% | 9.0/10 · Strong | Very close match on yield and safety |
| MAIN · Main Street Capital Corporation | 5.75% | 5.6/10 · Mixed | 3.4 safety-score gap (riskier) |
| PSEC · Prospect Capital Corporation | 26.09% | 1.9/10 · Risky | 23.71% yield gap (higher) |
Frequently asked questions
What are the best RY alternatives?
The closest RY alternatives are WFC, MAIN, PSEC — all in the same financial services sector with comparable yield and dividend safety. WFC is the single closest match at 2.40% yield and 9.0/10 safety, versus 2.38% and 9.0/10 for RY.
Is there a higher-yielding alternative to RY?
Yes — PSEC yields 26.09% versus RY's 2.38%. Its safety score is 1.9/10 against RY's 9.0/10, so check whether the extra income compensates for the difference in payout durability.
What stocks are similar to RY?
We rank 3 similar stocks for RY: WFC, MAIN, PSEC. Each is matched on sector, yield zone, and a 0-10 dividend safety score, then ranked by how closely it tracks RY on both dimensions at once.
Which of these do you already own?
Connect your brokerage in 60 seconds — Infnits flags which of these peer tickers duplicate exposure you already have, and which would actually diversify RY.