Mitsubishi UFJ Financial Group Inc. vs Royal Bank Of Canada
WatchlistMUFG / RYPrices through Oct 22, 2026
Why these are rivals: #1 and #2 by market value ($272B vs $257B) in Nasdaq's "Commercial Banks" industry; SEC SIC 6029 / 6029 (same major group); #1 and #2 by market value ($272B vs $257B) with SEC SIC 6029 (Commercial Banks, NEC).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.49 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.37 (needs <= -2.873 (5% critical value))
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
No SEC revenue figures for both companies.
Market value: MUFG $257.1B, RY $271.8B.
Stock leadership
Neither is clearly ahead
Measured against the pair's own last 252 trading days.
The gap is 0.20 standard deviations, close to the usual relationship. 5 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| MUFG | -6.5% | +24.3% | +40.2% |
| RY | -3.4% | +15.5% | +37.8% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.49 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.37 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 20.56 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
MUFG Mitsubishi UFJ Financial Group Inc. RY Royal Bank Of CanadaPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: MUFG relative to RY, against the 252 sessions before each day. Above 0: MUFG ahead; below 0: RY ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | MUFG index | RY index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 194.81 | 160.30 | +0.20 | near the usual relationship |
| 2026-10-21 | 198.09 | 160.27 | +0.51 | MUFG ahead |
| 2026-10-20 | 195.27 | 157.91 | +0.52 | MUFG ahead |
| 2026-10-19 | 197.09 | 155.73 | +0.94 | MUFG ahead |
| 2026-10-16 | 199.09 | 156.92 | +0.99 | MUFG ahead |
| 2026-10-15 | 198.91 | 156.03 | +1.08 | MUFG ahead |
| 2026-10-14 | 199.09 | 153.76 | +1.37 | MUFG ahead |
| 2026-10-13 | 203.82 | 154.44 | +1.74 | MUFG ahead |
| 2026-10-12 | 203.37 | 152.92 | +1.89 | MUFG ahead |
| 2026-10-09 | 203.64 | 152.25 | +2.02 | MUFG ahead |
| 2026-10-08 | 204.55 | 151.18 | +2.26 | MUFG ahead |
| 2026-10-07 | 206.10 | 151.70 | +2.37 | MUFG ahead |
| 2026-10-06 | 211.10 | 155.77 | +2.36 | MUFG ahead |
| 2026-10-05 | 209.01 | 154.44 | +2.37 | MUFG ahead |
| 2026-10-02 | 207.64 | 155.23 | +2.17 | MUFG ahead |
| 2026-10-01 | 205.82 | 154.99 | +2.05 | MUFG ahead |
| 2026-09-30 | 209.92 | 155.96 | +2.34 | MUFG ahead |
| 2026-09-29 | 210.46 | 158.51 | +2.09 | MUFG ahead |
| 2026-09-28 | 212.65 | 159.42 | +2.21 | MUFG ahead |
| 2026-09-25 | 213.65 | 160.24 | +2.22 | MUFG ahead |
| 2026-09-24 | 205.37 | 158.27 | +1.69 | MUFG ahead |
| 2026-09-23 | 207.64 | 158.23 | +1.93 | MUFG ahead |
| 2026-09-22 | 210.10 | 161.71 | +1.74 | MUFG ahead |
| 2026-09-21 | 213.10 | 163.58 | +1.81 | MUFG ahead |
| 2026-09-18 | 210.46 | 161.29 | +1.86 | MUFG ahead |
| 2026-09-17 | 213.83 | 161.50 | +2.19 | MUFG ahead |
| 2026-09-16 | 210.92 | 160.48 | +2.05 | MUFG ahead |
| 2026-09-15 | 215.74 | 162.02 | +2.36 | MUFG ahead |
| 2026-09-14 | 217.38 | 162.76 | +2.45 | MUFG ahead |
| 2026-09-11 | 217.38 | 163.35 | +2.40 | MUFG ahead |
| 2026-09-10 | 211.92 | 163.41 | +1.86 | MUFG ahead |
| 2026-09-09 | 210.56 | 164.07 | +1.64 | MUFG ahead |
| 2026-09-08 | 214.74 | 165.81 | +1.86 | MUFG ahead |
| 2026-09-04 | 219.20 | 167.07 | +2.17 | MUFG ahead |
| 2026-09-03 | 219.56 | 168.24 | +2.08 | MUFG ahead |
| 2026-09-02 | 213.10 | 164.90 | +1.87 | MUFG ahead |
| 2026-09-01 | 207.73 | 161.43 | +1.80 | MUFG ahead |
| 2026-08-31 | 207.01 | 161.96 | +1.66 | MUFG ahead |
| 2026-08-28 | 208.37 | 162.02 | +1.81 | MUFG ahead |
| 2026-08-27 | 204.19 | 162.27 | +1.31 | MUFG ahead |
| 2026-08-26 | 204.19 | 164.39 | +1.00 | MUFG ahead |
| 2026-08-25 | 202.27 | 164.29 | +0.79 | MUFG ahead |
| 2026-08-24 | 199.82 | 161.86 | +0.84 | MUFG ahead |
| 2026-08-21 | 200.55 | 162.82 | +0.78 | MUFG ahead |
| 2026-08-20 | 196.18 | 162.80 | +0.29 | near the usual relationship |
| 2026-08-19 | 196.18 | 164.71 | +0.02 | near the usual relationship |
| 2026-08-18 | 206.73 | 168.97 | +0.59 | MUFG ahead |
| 2026-08-17 | 209.55 | 171.51 | +0.56 | MUFG ahead |
| 2026-08-14 | 209.83 | 171.80 | +0.54 | MUFG ahead |
| 2026-08-13 | 210.19 | 170.57 | +0.73 | MUFG ahead |
| 2026-08-12 | 207.10 | 169.36 | +0.56 | MUFG ahead |
| 2026-08-11 | 201.27 | 166.81 | +0.27 | near the usual relationship |
| 2026-08-10 | 202.37 | 167.23 | +0.33 | near the usual relationship |
| 2026-08-07 | 204.64 | 167.46 | +0.54 | MUFG ahead |
| 2026-08-06 | 204.91 | 167.75 | +0.53 | MUFG ahead |
| 2026-08-05 | 204.00 | 167.61 | +0.45 | near the usual relationship |
| 2026-08-04 | 198.64 | 165.44 | +0.16 | near the usual relationship |
| 2026-08-03 | 204.64 | 166.97 | +0.60 | MUFG ahead |
| 2026-07-31 | 204.28 | 166.21 | +0.65 | MUFG ahead |
| 2026-07-30 | 204.73 | 166.70 | +0.64 | MUFG ahead |
| 2026-07-29 | 199.64 | 163.78 | +0.48 | near the usual relationship |
| 2026-07-28 | 204.09 | 168.49 | +0.34 | near the usual relationship |
| 2026-07-27 | 210.19 | 166.21 | +1.24 | MUFG ahead |
| 2026-07-24 | 208.28 | 165.88 | +1.10 | MUFG ahead |
| 2026-07-23 | 205.82 | 165.38 | +0.91 | MUFG ahead |
| 2026-07-22 | 203.91 | 167.75 | +0.42 | near the usual relationship |
| 2026-07-21 | 201.27 | 167.30 | +0.21 | near the usual relationship |
| 2026-07-20 | 194.81 | 166.89 | -0.43 | near the usual relationship |
| 2026-07-17 | 193.99 | 170.91 | -1.03 | RY ahead |
| 2026-07-16 | 201.36 | 171.42 | -0.30 | near the usual relationship |
| 2026-07-15 | 207.19 | 172.84 | +0.13 | near the usual relationship |
| 2026-07-14 | 204.73 | 169.81 | +0.25 | near the usual relationship |
| 2026-07-13 | 199.64 | 167.15 | +0.05 | near the usual relationship |
| 2026-07-10 | 197.00 | 167.47 | -0.27 | near the usual relationship |
| 2026-07-09 | 193.36 | 165.46 | -0.41 | near the usual relationship |
| 2026-07-08 | 191.81 | 163.24 | -0.29 | near the usual relationship |
| 2026-07-07 | 193.72 | 165.86 | -0.42 | near the usual relationship |
| 2026-07-06 | 192.63 | 165.05 | -0.44 | near the usual relationship |
| 2026-07-02 | 187.53 | 162.47 | -0.68 | RY ahead |
| 2026-07-01 | 184.44 | 165.26 | -1.40 | RY ahead |
| 2026-06-30 | 180.98 | 164.20 | -1.68 | RY ahead |
| 2026-06-29 | 181.80 | 162.47 | -1.37 | RY ahead |
| 2026-06-26 | 183.44 | 160.93 | -0.98 | RY ahead |
| 2026-06-25 | 182.17 | 161.63 | -1.24 | RY ahead |
| 2026-06-24 | 180.25 | 160.38 | -1.31 | RY ahead |
| 2026-06-23 | 183.53 | 160.99 | -1.01 | RY ahead |
| 2026-06-22 | 189.81 | 160.84 | -0.26 | near the usual relationship |
| 2026-06-18 | 191.81 | 159.90 | +0.09 | near the usual relationship |
| 2026-06-17 | 188.81 | 159.22 | -0.16 | near the usual relationship |
| 2026-06-16 | 184.71 | 159.56 | -0.69 | RY ahead |
| 2026-06-15 | 183.62 | 157.93 | -0.60 | RY ahead |
| 2026-06-12 | 183.44 | 158.30 | -0.67 | RY ahead |
| 2026-06-11 | 182.71 | 158.09 | -0.73 | RY ahead |
| 2026-06-10 | 178.98 | 156.77 | -1.01 | RY ahead |
| 2026-06-09 | 180.44 | 156.99 | -0.87 | RY ahead |
| 2026-06-08 | 181.26 | 154.95 | -0.49 | near the usual relationship |
| 2026-06-05 | 181.16 | 153.94 | -0.37 | near the usual relationship |
| 2026-06-04 | 182.44 | 154.68 | -0.32 | near the usual relationship |
| 2026-06-03 | 176.98 | 151.59 | -0.55 | RY ahead |
| 2026-06-02 | 174.43 | 151.63 | -0.87 | RY ahead |
| 2026-06-01 | 171.88 | 149.59 | -0.91 | RY ahead |
| 2026-05-29 | 170.25 | 150.36 | -1.23 | RY ahead |
| 2026-05-28 | 171.25 | 149.85 | -1.04 | RY ahead |
| 2026-05-27 | 172.70 | 150.04 | -0.89 | RY ahead |
| 2026-05-26 | 175.89 | 150.71 | -0.60 | RY ahead |
| 2026-05-22 | 176.52 | 150.50 | -0.50 | RY ahead |
| 2026-05-21 | 176.34 | 150.08 | -0.46 | near the usual relationship |
| 2026-05-20 | 178.34 | 148.53 | +0.00 | near the usual relationship |
| 2026-05-19 | 176.98 | 145.60 | +0.26 | near the usual relationship |
| 2026-05-18 | 174.61 | 146.60 | -0.18 | near the usual relationship |
| 2026-05-15 | 171.43 | 146.60 | -0.58 | RY ahead |
| 2026-05-14 | 168.15 | 145.84 | -0.88 | RY ahead |
| 2026-05-13 | 169.34 | 142.74 | -0.27 | near the usual relationship |
| 2026-05-12 | 167.97 | 144.61 | -0.73 | RY ahead |
| 2026-05-11 | 165.51 | 143.47 | -0.88 | RY ahead |
| 2026-05-08 | 163.33 | 144.13 | -1.27 | RY ahead |
| 2026-05-07 | 163.79 | 143.87 | -1.18 | RY ahead |
| 2026-05-06 | 167.33 | 144.09 | -0.75 | RY ahead |
| 2026-05-05 | 161.60 | 141.59 | -1.13 | RY ahead |
| 2026-05-04 | 159.87 | 141.16 | -1.30 | RY ahead |
| 2026-05-01 | 160.96 | 142.44 | -1.36 | RY ahead |
| 2026-04-30 | 163.33 | 142.78 | -1.10 | RY ahead |
| 2026-04-29 | 158.69 | 139.01 | -1.16 | RY ahead |
| 2026-04-28 | 159.60 | 141.02 | -1.36 | RY ahead |
| 2026-04-27 | 158.69 | 140.16 | -1.36 | RY ahead |
| 2026-04-24 | 157.32 | 139.10 | -1.39 | RY ahead |
| 2026-04-23 | 156.69 | 138.76 | -1.43 | RY ahead |
| 2026-04-22 | 158.14 | 139.94 | -1.42 | RY ahead |
| 2026-04-21 | 159.51 | 140.78 | -1.37 | RY ahead |
| 2026-04-20 | 165.88 | 142.81 | -0.81 | RY ahead |
| 2026-04-17 | 168.43 | 141.56 | -0.27 | near the usual relationship |
| 2026-04-16 | 167.24 | 139.51 | -0.10 | near the usual relationship |
| 2026-04-15 | 167.88 | 139.59 | -0.03 | near the usual relationship |
| 2026-04-14 | 165.33 | 138.75 | -0.23 | near the usual relationship |
| 2026-04-13 | 165.88 | 137.78 | +0.00 | near the usual relationship |
| 2026-04-10 | 164.24 | 136.38 | +0.01 | near the usual relationship |
| 2026-04-09 | 165.15 | 135.49 | +0.28 | near the usual relationship |
| 2026-04-08 | 167.70 | 134.45 | +0.80 | MUFG ahead |
| 2026-04-07 | 160.51 | 131.21 | +0.37 | near the usual relationship |
| 2026-04-06 | 159.96 | 130.46 | +0.41 | near the usual relationship |
| 2026-04-02 | 159.05 | 129.62 | +0.42 | near the usual relationship |
| 2026-04-01 | 161.06 | 129.65 | +0.66 | MUFG ahead |
| 2026-03-31 | 154.41 | 128.35 | -0.03 | near the usual relationship |
| 2026-03-30 | 148.50 | 125.23 | -0.34 | near the usual relationship |
| 2026-03-27 | 148.59 | 125.51 | -0.38 | near the usual relationship |
| 2026-03-26 | 151.23 | 127.08 | -0.29 | near the usual relationship |
| 2026-03-25 | 154.32 | 128.92 | -0.18 | near the usual relationship |
| 2026-03-24 | 152.14 | 128.61 | -0.41 | near the usual relationship |
| 2026-03-23 | 151.59 | 128.38 | -0.45 | near the usual relationship |
| 2026-03-20 | 149.68 | 126.30 | -0.39 | near the usual relationship |
| 2026-03-19 | 153.78 | 127.20 | -0.05 | near the usual relationship |
| 2026-03-18 | 152.14 | 128.80 | -0.46 | near the usual relationship |
| 2026-03-17 | 153.23 | 130.28 | -0.54 | RY ahead |
| 2026-03-16 | 152.23 | 130.01 | -0.62 | RY ahead |
| 2026-03-13 | 149.50 | 127.93 | -0.66 | RY ahead |
| 2026-03-12 | 149.77 | 129.29 | -0.81 | RY ahead |
| 2026-03-11 | 154.41 | 130.90 | -0.51 | RY ahead |
| 2026-03-10 | 158.78 | 131.23 | -0.10 | near the usual relationship |
| 2026-03-09 | 157.23 | 129.66 | -0.07 | near the usual relationship |
| 2026-03-06 | 155.05 | 129.73 | -0.31 | near the usual relationship |
| 2026-03-05 | 156.78 | 130.43 | -0.22 | near the usual relationship |
| 2026-03-04 | 160.15 | 131.65 | -0.03 | near the usual relationship |
| 2026-03-03 | 159.33 | 131.61 | -0.11 | near the usual relationship |
| 2026-03-02 | 164.60 | 133.77 | +0.15 | near the usual relationship |
| 2026-02-27 | 169.61 | 132.67 | +0.78 | MUFG ahead |
| 2026-02-26 | 172.43 | 134.73 | +0.80 | MUFG ahead |
| 2026-02-25 | 169.52 | 137.75 | +0.16 | near the usual relationship |
| 2026-02-24 | 170.25 | 135.38 | +0.52 | MUFG ahead |
| 2026-02-23 | 173.25 | 135.34 | +0.81 | MUFG ahead |
| 2026-02-20 | 176.16 | 136.83 | +0.91 | MUFG ahead |
| 2026-02-19 | 175.25 | 135.42 | +1.00 | MUFG ahead |
| 2026-02-18 | 175.61 | 135.46 | +1.03 | MUFG ahead |
| 2026-02-17 | 175.16 | 134.40 | +1.13 | MUFG ahead |
| 2026-02-13 | 179.53 | 134.45 | +1.54 | MUFG ahead |
| 2026-02-12 | 178.34 | 134.35 | +1.45 | MUFG ahead |
| 2026-02-11 | 178.53 | 137.21 | +1.13 | MUFG ahead |
| 2026-02-10 | 176.43 | 139.20 | +0.70 | MUFG ahead |
| 2026-02-09 | 174.80 | 138.17 | +0.67 | MUFG ahead |
| 2026-02-06 | 174.16 | 135.18 | +0.98 | MUFG ahead |
| 2026-02-05 | 166.06 | 133.95 | +0.34 | near the usual relationship |
| 2026-02-04 | 168.79 | 134.88 | +0.49 | near the usual relationship |
| 2026-02-03 | 168.52 | 135.31 | +0.42 | near the usual relationship |
| 2026-02-02 | 165.97 | 133.76 | +0.36 | near the usual relationship |
| 2026-01-30 | 164.24 | 131.88 | +0.42 | near the usual relationship |
| 2026-01-29 | 165.61 | 133.90 | +0.31 | near the usual relationship |
| 2026-01-28 | 163.33 | 132.15 | +0.30 | near the usual relationship |
| 2026-01-27 | 165.15 | 133.95 | +0.26 | near the usual relationship |
| 2026-01-26 | 162.42 | 132.74 | +0.14 | near the usual relationship |
| 2026-01-23 | 162.69 | 134.64 | -0.07 | near the usual relationship |
| 2026-01-22 | 162.88 | 133.96 | +0.04 | near the usual relationship |
| 2026-01-21 | 166.15 | 133.28 | +0.46 | near the usual relationship |
| 2026-01-20 | 166.33 | 132.84 | +0.54 | MUFG ahead |
| 2026-01-16 | 171.97 | 134.22 | +0.93 | MUFG ahead |
| 2026-01-15 | 169.52 | 134.34 | +0.68 | MUFG ahead |
| 2026-01-14 | 165.24 | 133.76 | +0.33 | near the usual relationship |
| 2026-01-13 | 159.14 | 134.03 | -0.32 | near the usual relationship |
| 2026-01-12 | 156.87 | 134.59 | -0.63 | RY ahead |
| 2026-01-09 | 155.51 | 134.22 | -0.73 | RY ahead |
| 2026-01-08 | 152.68 | 134.51 | -1.06 | RY ahead |
| 2026-01-07 | 149.95 | 134.20 | -1.32 | RY ahead |
| 2026-01-06 | 149.50 | 135.20 | -1.50 | RY ahead |
| 2026-01-05 | 148.41 | 137.33 | -1.89 | RY ahead |
| 2026-01-02 | 145.31 | 135.49 | -2.02 | RY ahead |
| 2025-12-31 | 144.31 | 135.26 | -2.12 | RY ahead |
| 2025-12-30 | 144.95 | 136.13 | -2.17 | RY ahead |
| 2025-12-29 | 144.59 | 136.25 | -2.23 | RY ahead |
| 2025-12-26 | 144.59 | 136.07 | -2.22 | RY ahead |
| 2025-12-24 | 145.13 | 135.82 | -2.13 | RY ahead |
| 2025-12-23 | 146.59 | 135.59 | -1.94 | RY ahead |
| 2025-12-22 | 144.40 | 134.73 | -2.10 | RY ahead |
| 2025-12-19 | 143.22 | 133.87 | -2.13 | RY ahead |
| 2025-12-18 | 141.86 | 132.60 | -2.15 | RY ahead |
| 2025-12-17 | 141.40 | 131.13 | -2.02 | RY ahead |
| 2025-12-16 | 143.40 | 131.99 | -1.90 | RY ahead |
| 2025-12-15 | 149.14 | 132.56 | -1.29 | RY ahead |
| 2025-12-12 | 145.68 | 131.58 | -1.56 | RY ahead |
| 2025-12-11 | 145.59 | 132.50 | -1.69 | RY ahead |
| 2025-12-10 | 144.22 | 131.01 | -1.66 | RY ahead |
| 2025-12-09 | 142.04 | 129.47 | -1.71 | RY ahead |
| 2025-12-08 | 144.86 | 129.62 | -1.39 | RY ahead |
| 2025-12-05 | 148.13 | 128.90 | -0.91 | RY ahead |
| 2025-12-04 | 145.77 | 127.38 | -0.98 | RY ahead |
| 2025-12-03 | 143.77 | 124.30 | -0.78 | RY ahead |
| 2025-12-02 | 145.40 | 122.51 | -0.34 | near the usual relationship |
| 2025-12-01 | 144.86 | 121.29 | -0.22 | near the usual relationship |
| 2025-11-28 | 143.59 | 122.25 | -0.49 | near the usual relationship |
| 2025-11-26 | 143.86 | 121.53 | -0.35 | near the usual relationship |
| 2025-11-25 | 140.95 | 120.76 | -0.58 | RY ahead |
| 2025-11-24 | 139.95 | 118.77 | -0.42 | near the usual relationship |
| 2025-11-21 | 138.31 | 118.99 | -0.63 | RY ahead |
| 2025-11-20 | 135.40 | 116.90 | -0.68 | RY ahead |
| 2025-11-19 | 138.85 | 117.63 | -0.37 | near the usual relationship |
| 2025-11-18 | 137.94 | 118.29 | -0.57 | RY ahead |
| 2025-11-17 | 140.31 | 116.72 | -0.07 | near the usual relationship |
| 2025-11-14 | 143.68 | 116.27 | +0.38 | near the usual relationship |
| 2025-11-13 | 140.49 | 116.44 | +0.01 | near the usual relationship |
| 2025-11-12 | 141.40 | 118.18 | -0.12 | near the usual relationship |
| 2025-11-11 | 138.22 | 117.19 | -0.33 | near the usual relationship |
| 2025-11-10 | 138.40 | 116.53 | -0.22 | near the usual relationship |
| 2025-11-07 | 137.22 | 115.40 | -0.19 | near the usual relationship |
| 2025-11-06 | 137.31 | 115.36 | -0.16 | near the usual relationship |
| 2025-11-05 | 137.12 | 115.56 | -0.19 | near the usual relationship |
| 2025-11-04 | 137.12 | 115.64 | -0.19 | near the usual relationship |
| 2025-11-03 | 138.03 | 116.95 | -0.24 | near the usual relationship |
| 2025-10-31 | 137.67 | 116.22 | -0.18 | near the usual relationship |
| 2025-10-30 | 137.67 | 115.75 | -0.10 | near the usual relationship |
| 2025-10-29 | 136.49 | 116.37 | -0.28 | near the usual relationship |
| 2025-10-28 | 137.31 | 118.25 | -0.40 | near the usual relationship |
| 2025-10-27 | 135.58 | 117.60 | -0.47 | near the usual relationship |
| 2025-10-24 | 134.39 | 117.24 | -0.53 | RY ahead |
| 2025-10-23 | 135.85 | 116.99 | -0.35 | near the usual relationship |
| 2025-10-22 | 136.85 | 116.46 | -0.19 | near the usual relationship |
| 2025-10-21 | 138.94 | 116.30 | +0.03 | near the usual relationship |
| 2025-10-20 | 140.40 | 116.57 | +0.14 | near the usual relationship |
| 2025-10-17 | 136.49 | 115.66 | -0.10 | near the usual relationship |
| 2025-10-16 | 137.49 | 115.28 | +0.03 | near the usual relationship |
| 2025-10-15 | 137.67 | 116.45 | -0.06 | near the usual relationship |
| 2025-10-14 | 136.40 | 115.38 | -0.05 | near the usual relationship |
| 2025-10-13 | 134.85 | 114.70 | -0.11 | near the usual relationship |
| 2025-10-10 | 133.03 | 113.95 | -0.18 | near the usual relationship |
| 2025-10-09 | 139.58 | 115.24 | +0.25 | near the usual relationship |
| 2025-10-08 | 139.76 | 115.07 | +0.29 | near the usual relationship |
| 2025-10-07 | 138.13 | 115.72 | +0.10 | near the usual relationship |
| 2025-10-06 | 141.40 | 116.64 | +0.28 | near the usual relationship |
| 2025-10-03 | 143.40 | 116.59 | +0.45 | near the usual relationship |
| 2025-10-02 | 140.31 | 116.16 | +0.26 | near the usual relationship |
| 2025-10-01 | 142.40 | 116.78 | +0.37 | near the usual relationship |
| 2025-09-30 | 145.04 | 116.87 | +0.56 | MUFG ahead |
| 2025-09-29 | 144.68 | 116.59 | +0.57 | MUFG ahead |
| 2025-09-26 | 145.95 | 115.91 | +0.72 | MUFG ahead |
| 2025-09-25 | 144.59 | 116.01 | +0.62 | MUFG ahead |
| 2025-09-24 | 145.04 | 116.84 | +0.59 | MUFG ahead |
| 2025-09-23 | 145.68 | 117.45 | +0.59 | MUFG ahead |
| 2025-09-22 | 146.04 | 117.89 | +0.58 | MUFG ahead |
| 2025-09-19 | 144.22 | 116.83 | +0.55 | MUFG ahead |
| 2025-09-18 | 142.13 | 115.95 | +0.49 | near the usual relationship |
| 2025-09-17 | 141.95 | 116.10 | +0.47 | near the usual relationship |
| 2025-09-16 | 141.22 | 115.86 | +0.44 | near the usual relationship |
| 2025-09-15 | 142.58 | 115.34 | +0.59 | MUFG ahead |
| 2025-09-12 | 141.67 | 114.35 | +0.61 | MUFG ahead |
| 2025-09-11 | 142.40 | 115.14 | +0.60 | MUFG ahead |
| 2025-09-10 | 143.22 | 114.35 | +0.73 | MUFG ahead |
| 2025-09-09 | 141.58 | 114.23 | +0.64 | MUFG ahead |
| 2025-09-08 | 141.86 | 114.72 | +0.62 | MUFG ahead |
| 2025-09-05 | 138.94 | 114.63 | +0.44 | near the usual relationship |
| 2025-09-04 | 139.95 | 115.68 | +0.43 | near the usual relationship |
| 2025-09-03 | 136.58 | 115.54 | +0.21 | near the usual relationship |
| 2025-09-02 | 139.40 | 114.84 | +0.47 | near the usual relationship |
| 2025-08-29 | 139.13 | 115.32 | +0.42 | near the usual relationship |
| 2025-08-28 | 140.13 | 115.71 | +0.46 | near the usual relationship |
| 2025-08-27 | 139.04 | 115.24 | +0.43 | near the usual relationship |
| 2025-08-26 | 141.40 | 109.23 | +1.09 | MUFG ahead |
| 2025-08-25 | 140.76 | 108.08 | +1.15 | MUFG ahead |
| 2025-08-22 | 141.95 | 109.39 | +1.13 | MUFG ahead |
| 2025-08-21 | 139.22 | 108.05 | +1.07 | MUFG ahead |
| 2025-08-20 | 139.85 | 108.28 | +1.10 | MUFG ahead |
| 2025-08-19 | 138.40 | 108.15 | +1.02 | MUFG ahead |
| 2025-08-18 | 142.31 | 108.21 | +1.29 | MUFG ahead |
| 2025-08-15 | 144.68 | 108.23 | +1.45 | MUFG ahead |
| 2025-08-14 | 139.58 | 108.36 | +1.11 | MUFG ahead |
| 2025-08-13 | 136.76 | 107.82 | +0.98 | MUFG ahead |
| 2025-08-12 | 137.40 | 106.94 | +1.11 | MUFG ahead |
| 2025-08-11 | 131.85 | 105.85 | +0.82 | MUFG ahead |
| 2025-08-08 | 132.48 | 105.20 | +0.93 | MUFG ahead |
| 2025-08-07 | 130.85 | 105.07 | +0.83 | MUFG ahead |
| 2025-08-06 | 128.30 | 104.89 | +0.67 | MUFG ahead |
| 2025-08-05 | 127.21 | 103.71 | +0.70 | MUFG ahead |
| 2025-08-04 | 125.39 | 103.07 | +0.63 | MUFG ahead |
| 2025-08-01 | 126.66 | 102.03 | +0.82 | MUFG ahead |
| 2025-07-31 | 126.48 | 101.91 | +0.82 | MUFG ahead |
| 2025-07-30 | 127.02 | 102.65 | +0.80 | MUFG ahead |
| 2025-07-29 | 127.21 | 102.90 | +0.79 | MUFG ahead |
| 2025-07-28 | 128.48 | 103.49 | +0.83 | MUFG ahead |
| 2025-07-25 | 133.48 | 104.76 | +1.08 | MUFG ahead |
| 2025-07-24 | 134.67 | 104.74 | +1.18 | MUFG ahead |
| 2025-07-23 | 132.39 | 106.47 | +0.86 | MUFG ahead |
| 2025-07-22 | 124.48 | 105.63 | +0.36 | near the usual relationship |
| 2025-07-21 | 122.38 | 106.00 | +0.16 | near the usual relationship |
| 2025-07-18 | 120.93 | 105.36 | +0.11 | near the usual relationship |
| 2025-07-17 | 122.11 | 105.53 | +0.18 | near the usual relationship |
| 2025-07-16 | 121.47 | 104.71 | +0.21 | near the usual relationship |
| 2025-07-15 | 122.57 | 103.64 | +0.39 | near the usual relationship |
| 2025-07-14 | 124.02 | 104.58 | +0.42 | near the usual relationship |
| 2025-07-11 | 124.57 | 104.53 | +0.47 | near the usual relationship |
| 2025-07-10 | 123.66 | 105.74 | +0.29 | near the usual relationship |
| 2025-07-09 | 124.02 | 105.06 | +0.37 | near the usual relationship |
| 2025-07-08 | 123.29 | 104.53 | +0.37 | near the usual relationship |
| 2025-07-07 | 122.93 | 104.59 | +0.33 | near the usual relationship |
| 2025-07-03 | 127.02 | 105.23 | +0.59 | MUFG ahead |
| 2025-07-02 | 125.48 | 104.06 | +0.58 | MUFG ahead |
| 2025-07-01 | 124.93 | 104.93 | +0.46 | near the usual relationship |
| 2025-06-30 | 124.84 | 104.36 | +0.51 | MUFG ahead |
| 2025-06-27 | 126.39 | 102.90 | +0.76 | MUFG ahead |
| 2025-06-26 | 125.75 | 103.27 | +0.69 | MUFG ahead |
| 2025-06-25 | 123.93 | 101.60 | +0.71 | MUFG ahead |
| 2025-06-24 | 125.30 | 101.80 | +0.80 | MUFG ahead |
| 2025-06-23 | 122.20 | 100.90 | +0.65 | MUFG ahead |
| 2025-06-20 | 122.93 | 100.98 | +0.70 | MUFG ahead |
| 2025-06-18 | 122.93 | 101.60 | +0.65 | MUFG ahead |
| 2025-06-17 | 121.75 | 101.54 | +0.57 | MUFG ahead |
| 2025-06-16 | 124.11 | 102.25 | +0.69 | MUFG ahead |
| 2025-06-13 | 123.84 | 101.35 | +0.75 | MUFG ahead |
| 2025-06-12 | 124.93 | 102.20 | +0.76 | MUFG ahead |
| 2025-06-11 | 123.38 | 101.45 | +0.72 | MUFG ahead |
| 2025-06-10 | 123.57 | 101.79 | +0.70 | MUFG ahead |
| 2025-06-09 | 125.66 | 101.24 | +0.92 | MUFG ahead |
| 2025-06-06 | 125.93 | 101.17 | +0.95 | MUFG ahead |
| 2025-06-05 | 125.39 | 100.72 | +0.96 | MUFG ahead |
| 2025-06-04 | 125.30 | 101.05 | +0.92 | MUFG ahead |
| 2025-06-03 | 126.39 | 101.14 | +1.01 | MUFG ahead |
| 2025-06-02 | 127.93 | 101.44 | +1.10 | MUFG ahead |
| 2025-05-30 | 128.48 | 100.48 | +1.24 | MUFG ahead |
| 2025-05-29 | 124.84 | 99.17 | +1.10 | MUFG ahead |
| 2025-05-28 | 124.66 | 102.29 | +0.79 | MUFG ahead |
| 2025-05-27 | 128.66 | 102.23 | +1.11 | MUFG ahead |
| 2025-05-23 | 123.20 | 101.89 | +0.72 | MUFG ahead |
| 2025-05-22 | 124.29 | 100.37 | +0.96 | MUFG ahead |
| 2025-05-21 | 125.66 | 99.82 | +1.13 | MUFG ahead |
| 2025-05-20 | 124.75 | 100.34 | +1.02 | MUFG ahead |
| 2025-05-19 | 125.11 | 100.86 | +1.00 | MUFG ahead |
| 2025-05-16 | 123.20 | 100.86 | +0.85 | MUFG ahead |
| 2025-05-15 | 122.47 | 98.99 | +0.99 | MUFG ahead |
| 2025-05-14 | 120.11 | 97.21 | +0.98 | MUFG ahead |
| 2025-05-13 | 118.47 | 96.63 | +0.91 | MUFG ahead |
| 2025-05-12 | 117.74 | 95.88 | +0.93 | MUFG ahead |
| 2025-05-09 | 114.01 | 95.42 | +0.66 | MUFG ahead |
| 2025-05-08 | 112.01 | 95.07 | +0.52 | MUFG ahead |
| 2025-05-07 | 111.56 | 95.35 | +0.45 | near the usual relationship |
| 2025-05-06 | 112.47 | 95.33 | +0.53 | MUFG ahead |
| 2025-05-05 | 112.47 | 95.97 | +0.47 | near the usual relationship |
| 2025-05-02 | 111.92 | 96.21 | +0.39 | near the usual relationship |
| 2025-05-01 | 112.56 | 95.22 | +0.55 | MUFG ahead |
| 2025-04-30 | 115.01 | 95.11 | +0.78 | MUFG ahead |
| 2025-04-29 | 115.65 | 95.12 | +0.84 | MUFG ahead |
| 2025-04-28 | 114.56 | 94.07 | +0.85 | MUFG ahead |
| 2025-04-25 | 111.65 | 93.42 | +0.67 | MUFG ahead |
| 2025-04-24 | 111.46 | 93.35 | +0.66 | MUFG ahead |
| 2025-04-23 | 109.92 | 93.45 | +0.51 | MUFG ahead |
| 2025-04-22 | 108.37 | 93.59 | +0.36 | near the usual relationship |
| 2025-04-21 | 106.55 | 91.40 | +0.42 | near the usual relationship |
| 2025-04-17 | 108.01 | 92.22 | +0.47 | near the usual relationship |
| 2025-04-16 | 105.28 | 91.73 | +0.27 | near the usual relationship |
| 2025-04-15 | 108.10 | 91.40 | +0.57 | MUFG ahead |
| 2025-04-14 | 106.10 | 91.54 | +0.37 | near the usual relationship |
| 2025-04-11 | 105.46 | 89.86 | +0.49 | near the usual relationship |
| 2025-04-10 | 101.00 | 87.23 | +0.36 | near the usual relationship |
| 2025-04-09 | 107.73 | 90.23 | +0.67 | MUFG ahead |
| 2025-04-08 | 98.18 | 85.97 | +0.22 | near the usual relationship |
| 2025-04-07 | 98.45 | 86.61 | +0.18 | near the usual relationship |
| 2025-04-04 | 100.64 | 87.99 | +0.24 | near the usual relationship |
| 2025-04-03 | 110.10 | 91.32 | +0.77 | MUFG ahead |
| 2025-04-02 | 120.29 | 91.01 | +1.70 | MUFG ahead |
| 2025-04-01 | 121.02 | 90.16 | +1.88 | MUFG ahead |
| 2025-03-31 | 124.02 | 89.42 | +2.24 | MUFG ahead |
| 2025-03-28 | 127.21 | 88.96 | +2.59 | MUFG ahead |
| 2025-03-27 | 131.39 | 91.00 | +2.73 | MUFG ahead |
| 2025-03-26 | 130.76 | 92.24 | +2.57 | MUFG ahead |
| 2025-03-25 | 133.30 | 92.54 | +2.79 | MUFG ahead |
| 2025-03-24 | 133.12 | 91.96 | +2.90 | MUFG ahead |
| 2025-03-21 | 136.31 | 90.12 | +3.46 | MUFG ahead |
| 2025-03-20 | 130.39 | 90.29 | +3.00 | MUFG ahead |
| 2025-03-19 | 130.12 | 90.61 | +3.00 | MUFG ahead |
| 2025-03-18 | 129.94 | 89.23 | +3.23 | MUFG ahead |
| 2025-03-17 | 126.11 | 89.42 | +2.90 | MUFG ahead |
| 2025-03-14 | 124.29 | 88.45 | +2.91 | MUFG ahead |
| 2025-03-13 | 119.84 | 86.32 | +2.81 | MUFG ahead |
| 2025-03-12 | 119.02 | 88.28 | +2.47 | MUFG ahead |
| 2025-03-11 | 116.11 | 87.53 | +2.28 | MUFG ahead |
| 2025-03-10 | 115.74 | 89.64 | +1.95 | MUFG ahead |
| 2025-03-07 | 118.47 | 91.29 | +2.02 | MUFG ahead |
| 2025-03-06 | 118.02 | 90.63 | +2.08 | MUFG ahead |
| 2025-03-05 | 118.56 | 91.34 | +2.05 | MUFG ahead |
| 2025-03-04 | 115.92 | 89.32 | +2.06 | MUFG ahead |
| 2025-03-03 | 116.83 | 92.70 | +1.70 | MUFG ahead |
| 2025-02-28 | 115.83 | 93.75 | +1.45 | MUFG ahead |
| 2025-02-27 | 118.29 | 91.40 | +2.06 | MUFG ahead |
| 2025-02-26 | 116.74 | 94.79 | +1.43 | MUFG ahead |
| 2025-02-25 | 117.11 | 94.64 | +1.50 | MUFG ahead |
| 2025-02-24 | 114.38 | 94.07 | +1.28 | MUFG ahead |
| 2025-02-21 | 115.01 | 94.31 | +1.32 | MUFG ahead |
| 2025-02-20 | 118.47 | 94.93 | +1.63 | MUFG ahead |
| 2025-02-19 | 119.47 | 95.64 | +1.66 | MUFG ahead |
| 2025-02-18 | 121.20 | 95.91 | +1.83 | MUFG ahead |
| 2025-02-14 | 116.56 | 94.44 | +1.53 | MUFG ahead |
| 2025-02-13 | 114.56 | 94.65 | +1.28 | MUFG ahead |
| 2025-02-12 | 112.37 | 93.91 | +1.14 | MUFG ahead |
| 2025-02-11 | 113.01 | 93.96 | +1.21 | MUFG ahead |
| 2025-02-10 | 112.74 | 93.61 | +1.24 | MUFG ahead |
| 2025-02-07 | 114.10 | 94.66 | +1.26 | MUFG ahead |
| 2025-02-06 | 115.29 | 94.76 | +1.39 | MUFG ahead |
| 2025-02-05 | 115.10 | 94.46 | +1.42 | MUFG ahead |
| 2025-02-04 | 113.65 | 94.16 | +1.30 | MUFG ahead |
| 2025-02-03 | 113.65 | 94.26 | +1.30 | MUFG ahead |
| 2025-01-31 | 114.74 | 96.73 | +1.08 | MUFG ahead |
| 2025-01-30 | 116.01 | 97.90 | +1.08 | MUFG ahead |
| 2025-01-29 | 115.92 | 96.82 | +1.23 | MUFG ahead |
| 2025-01-28 | 116.83 | 97.67 | +1.22 | MUFG ahead |
| 2025-01-27 | 113.28 | 97.28 | +0.86 | MUFG ahead |
| 2025-01-24 | 111.92 | 97.27 | +0.70 | MUFG ahead |
| 2025-01-23 | 111.37 | 96.85 | +0.69 | MUFG ahead |
| 2025-01-22 | 110.28 | 96.01 | +0.68 | MUFG ahead |
| 2025-01-21 | 114.10 | 96.98 | +1.02 | MUFG ahead |
| 2025-01-17 | 109.65 | 95.63 | +0.67 | MUFG ahead |
| 2025-01-16 | 109.92 | 95.26 | +0.77 | MUFG ahead |
| 2025-01-15 | 111.37 | 95.03 | +0.99 | MUFG ahead |
| 2025-01-14 | 107.55 | 94.11 | +0.65 | MUFG ahead |
| 2025-01-13 | 108.10 | 94.22 | +0.71 | MUFG ahead |
| 2025-01-10 | 107.28 | 93.95 | +0.65 | MUFG ahead |
| 2025-01-08 | 109.92 | 96.53 | +0.62 | MUFG ahead |
| 2025-01-07 | 110.28 | 96.26 | +0.71 | MUFG ahead |
| 2025-01-06 | 107.55 | 96.44 | +0.34 | near the usual relationship |
| 2025-01-03 | 106.92 | 95.54 | +0.40 | near the usual relationship |
| 2025-01-02 | 106.10 | 94.95 | +0.38 | near the usual relationship |
| 2024-12-31 | 106.64 | 95.60 | +0.36 | near the usual relationship |
| 2024-12-30 | 106.82 | 95.63 | +0.39 | near the usual relationship |
| 2024-12-27 | 106.01 | 95.90 | +0.25 | near the usual relationship |
| 2024-12-26 | 105.91 | 96.06 | +0.23 | near the usual relationship |
| 2024-12-24 | 105.00 | 95.79 | +0.16 | near the usual relationship |
| 2024-12-23 | 104.64 | 95.77 | +0.12 | near the usual relationship |
| 2024-12-20 | 103.55 | 95.77 | -0.01 | near the usual relationship |
| 2024-12-19 | 104.64 | 94.98 | +0.24 | near the usual relationship |
| 2024-12-18 | 104.73 | 95.07 | +0.24 | near the usual relationship |
| 2024-12-17 | 107.19 | 98.14 | +0.14 | near the usual relationship |
| 2024-12-16 | 109.01 | 98.70 | +0.28 | near the usual relationship |
| 2024-12-13 | 110.01 | 98.77 | +0.40 | near the usual relationship |
| 2024-12-12 | 110.74 | 98.91 | +0.46 | near the usual relationship |
| 2024-12-11 | 110.46 | 99.99 | +0.29 | near the usual relationship |
| 2024-12-10 | 108.10 | 99.90 | +0.03 | near the usual relationship |
| 2024-12-09 | 108.55 | 99.93 | +0.08 | near the usual relationship |
| 2024-12-06 | 109.55 | 100.00 | +0.19 | near the usual relationship |
| 2024-12-05 | 109.92 | 101.56 | +0.03 | near the usual relationship |
| 2024-12-04 | 109.37 | 99.45 | +0.24 | near the usual relationship |
| 2024-12-03 | 111.28 | 98.96 | +0.53 | MUFG ahead |
| 2024-12-02 | 110.56 | 99.26 | +0.41 | near the usual relationship |
| 2024-11-29 | 108.37 | 99.70 | +0.09 | near the usual relationship |
| 2024-11-27 | 105.37 | 99.38 | -0.24 | near the usual relationship |
| 2024-11-26 | 105.73 | 98.49 | -0.08 | near the usual relationship |
| 2024-11-25 | 107.46 | 98.63 | +0.11 | near the usual relationship |
| 2024-11-22 | 107.55 | 99.23 | +0.04 | near the usual relationship |
| 2024-11-21 | 106.64 | 99.24 | -0.07 | near the usual relationship |
| 2024-11-20 | 106.19 | 96.62 | +0.22 | near the usual relationship |
| 2024-11-19 | 107.92 | 97.50 | +0.31 | near the usual relationship |
| 2024-11-18 | 106.92 | 97.13 | +0.24 | near the usual relationship |
| 2024-11-15 | 106.28 | 96.37 | +0.26 | near the usual relationship |
| 2024-11-14 | 109.83 | 97.10 | +0.58 | MUFG ahead |
| 2024-11-13 | 104.64 | 97.70 | -0.12 | near the usual relationship |
| 2024-11-12 | 105.28 | 98.29 | -0.12 | near the usual relationship |
| 2024-11-11 | 105.55 | 98.41 | -0.10 | near the usual relationship |
| 2024-11-08 | 104.91 | 98.08 | -0.14 | near the usual relationship |
| 2024-11-07 | 104.73 | 98.81 | -0.26 | near the usual relationship |
| 2024-11-06 | 104.19 | 97.36 | -0.14 | near the usual relationship |
| 2024-11-05 | 98.36 | 97.70 | -0.93 | RY ahead |
| 2024-11-04 | 97.27 | 97.00 | -0.99 | RY ahead |
| 2024-11-01 | 97.00 | 96.62 | -0.98 | RY ahead |
| 2024-10-31 | 96.27 | 95.91 | -0.99 | RY ahead |
| 2024-10-30 | 96.09 | 98.04 | -1.31 | RY ahead |
| 2024-10-29 | 95.54 | 97.95 | -1.38 | RY ahead |
| 2024-10-28 | 93.63 | 98.40 | -1.71 | RY ahead |
| 2024-10-25 | 92.99 | 97.15 | -1.65 | RY ahead |
| 2024-10-24 | 93.72 | 98.00 | -1.68 | RY ahead |
| 2024-10-23 | 92.81 | 99.31 | -2.00 | RY ahead |
| 2024-10-22 | 96.36 | 99.24 | -1.52 | RY ahead |
| 2024-10-21 | 97.27 | 99.16 | -1.40 | RY ahead |
| 2024-10-18 | 100.00 | 100.00 | -1.16 | RY ahead |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Apr 3, 2025 (MUFG -8.5%, RY +0.3%).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
1 simulated trade to Oct 20, 2026: -7.90% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long MUFG · Short RY | Jun 26, 2020 | Aug 3, 2020 | divergence stop | 38 | -$701.57 | -$88.84 | -$790.41 (-7.90%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
MUFG and RY at a glance
MUFG Mitsubishi UFJ Financial Group Inc.
- Listing
- NYSE · SEC CIK 67088
- Industry
- Commercial Banks · SIC 6029 Commercial Banks, NEC
- Market value
- $257.1B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
RY Royal Bank Of Canada
- Listing
- NYSE · SEC CIK 1000275
- Industry
- Commercial Banks · SIC 6029 Commercial Banks, NEC
- Market value
- $271.8B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of MUFG and RY
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
