BCE.TO vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about BCE Inc. (BCE.TO) and Treasury Yield 10 Years (^TNX).

Performance

BCE.TO vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in BCE Inc. (BCE.TO) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

BCE.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCE.TO BCE Inc.	9.06%	5.35%	-30.02%	-6.21%	-4.33%	27.90%	-3.92%	17.39%	-5.65%	9.18%
^TNX Treasury Yield 10 Years	5.06%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Different Trading Currencies

BCE.TO is traded in CAD, while ^TNX is traded in USD. To make them comparable, the ^TNX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BCE.TO achieves a 9.06% return, which is significantly higher than ^TNX's 5.06% return. Over the past 10 years, BCE.TO has underperformed ^TNX with an annualized return of 0.81%, while ^TNX has yielded a comparatively higher 9.92% annualized return.

BCE.TO

• 1D: 0.46%
• 1M: -0.37%
• YTD: 9.06%
• 6M: 10.64%
• 1Y: 14.00%
• 3Y*: -10.00%
• 5Y*: -2.86%
• 10Y*: 0.81%

^TNX

• 1D: 0.05%
• 1M: 8.43%
• YTD: 5.06%
• 6M: 4.89%
• 1Y: 0.97%
• 3Y*: 8.32%
• 5Y*: 23.30%
• 10Y*: 9.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BCE.TO vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCE.TO

BCE.TO Risk / Return Rank: 61
BCE.TO Sharpe Ratio Rank: 65
BCE.TO Sortino Ratio Rank: 57
BCE.TO Omega Ratio Rank: 55
BCE.TO Calmar Ratio Rank: 66
BCE.TO Martin Ratio Rank: 61

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCE.TO vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BCE Inc. (BCE.TO) and Treasury Yield 10 Years (^TNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BCE.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	0.70	0.05	+0.65
Sortino ratio Return per unit of downside risk	1.10	0.21	+0.89
Omega ratio Gain probability vs. loss probability	1.14	1.02	+0.11
Calmar ratio Return relative to maximum drawdown	1.17	-0.12	+1.28
Martin ratio Return relative to average drawdown	2.10	-0.20	+2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCE.TO vs. ^TNX - Sharpe Ratio Comparison

The current BCE.TO Sharpe Ratio is 0.70, which is higher than the ^TNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of BCE.TO and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BCE.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	0.05	+0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.69	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.05	0.21	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.07	—

Correlation

The correlation between BCE.TO and ^TNX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

BCE.TO vs. ^TNX - Drawdown Comparison

The maximum BCE.TO drawdown since its inception was -297.40%, which is greater than ^TNX's maximum drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for BCE.TO and ^TNX.

Drawdown Indicators

	BCE.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-297.40%	-93.78%	-203.62%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-13.99%	+3.18%
Max Drawdown (5Y) Largest decline over 5 years	-50.01%	-31.74%	-18.27%
Max Drawdown (10Y) Largest decline over 10 years	-50.01%	-84.57%	+34.56%
Current Drawdown Current decline from peak	-225.40%	-46.17%	-179.23%
Average Drawdown Average peak-to-trough decline	-135.11%	-51.38%	-83.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.02%	8.39%	-2.37%

Volatility

BCE.TO vs. ^TNX - Volatility Comparison

The current volatility for BCE Inc. (BCE.TO) is 4.45%, while Treasury Yield 10 Years (^TNX) has a volatility of 6.30%. This indicates that BCE.TO experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCE.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	6.30%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	11.34%	+0.77%
Volatility (1Y) Calculated over the trailing 1-year period	20.11%	19.20%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.83%	33.89%	-17.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	48.45%	-31.10%