BCE.TO vs. ^TNX
Compare and contrast key facts about BCE Inc. (BCE.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BCE.TO or ^TNX.
Key characteristics
| BCE.TO | ^TNX | |
|---|---|---|
| YTD Return | -10.04% | 16.40% |
| 1Y Return | -23.37% | 34.29% |
| 3Y Return (Ann) | -1.88% | 41.52% |
| 5Y Return (Ann) | 0.76% | 12.22% |
| 10Y Return (Ann) | 5.07% | 5.68% |
| Sharpe Ratio | -1.62 | 1.26 |
| Daily Std Dev | 15.11% | 25.53% |
| Max Drawdown | -48.16% | -93.78% |
| Current Drawdown | -28.93% | -43.91% |
Correlation
The correlation between BCE.TO and ^TNX is 0.06, 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.
Performance
BCE.TO vs. ^TNX - Performance Comparison
In the year-to-date period, BCE.TO achieves a -10.04% return, which is significantly lower than ^TNX's 16.40% return. Over the past 10 years, BCE.TO has underperformed ^TNX with an annualized return of 5.07%, while ^TNX has yielded a comparatively higher 5.68% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BCE.TO vs. ^TNX - Risk-Adjusted Performance 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.
Drawdowns
BCE.TO vs. ^TNX - Drawdown Comparison
The maximum BCE.TO drawdown since its inception was -48.16%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for BCE.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
BCE.TO vs. ^TNX - Volatility Comparison
The current volatility for BCE Inc. (BCE.TO) is 4.54%, while Treasury Yield 10 Years (^TNX) has a volatility of 7.51%. 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.