Anomalous magnetic properties of the double perovskite ruthenate compound Sr 2 YRuO 6 are reported here. Magnetization measurements as a function of temperature in low magnetic fields show clear evidence for two components of magnetic order ͑T M1 ϳ 32 K and T M2 ϳ 27 K͒ aligned opposite to each other with respect to the magnetic-field direction even though only Ru 5+ moments can order magnetically in this compound. The second component of the magnetic order at T M2 ϳ 27 K results only in a magnetization reversal, and not in the negative magnetization when the magnetization is measured in the field-cooled ͑FC͒ mode. Isothermal magnetization ͑M-H͒ measurements show hysteresis with maximum coercivity ͑H c ͒ and remnant magnetization ͑M r ͒ at T ϳ 27 K, corroborating the presence of the two oppositely aligned magnetic moments, each with a ferromagnetic component. The two components of magnetic ordering are further confirmed by the double peak structure in the heat-capacity measurements. These anomalous properties have significance to some of the earlier results obtained for the Cu-substituted superconducting Sr 2 YRu 1−x Cu x O 6 compounds.