Vanguard FTSE Social Index Fund Admiral at $71.18 becomes $735.58 at the Royal Bank of Canada market cap.
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Vanguard FTSE Social Index Fund Admiral hypothetical price = Vanguard FTSE Social Index Fund Admiral current price x (Royal Bank of Canada market cap / Vanguard FTSE Social Index Fund Admiral aum / fund size).
ETF and fund comparisons use AUM or fund size where available. Fund share counts and ETF creation/redemption mechanics mean this is a size benchmark, not a price forecast.
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It compares Vanguard FTSE Social Index Fund Admiral as Asset A with Royal Bank of Canada as Asset B, using Royal Bank of Canada market cap as the target size.
Vanguard FTSE Social Index Fund Admiral hypothetical price = Vanguard FTSE Social Index Fund Admiral current price x (Royal Bank of Canada market cap / Vanguard FTSE Social Index Fund Admiral aum / fund size).
Direction matters. Vanguard FTSE Social Index Fund Admiral with Royal Bank of Canada's market cap is different from Royal Bank of Canada with Vanguard FTSE Social Index Fund Admiral's aum / fund size because the starting price, supply, shares, or size metric changes.