BMO.TO vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about Bank of Montreal (BMO.TO) and Treasury Yield 10 Years (^TNX).

Performance

BMO.TO vs. ^TNX - Performance Comparison

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

BMO.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BMO.TO Bank of Montreal	7.78%	33.33%	11.74%	12.19%	-5.39%	46.90%	2.39%	17.51%	-7.94%	7.99%
^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

BMO.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, BMO.TO achieves a 7.78% return, which is significantly higher than ^TNX's 5.06% return. Over the past 10 years, BMO.TO has outperformed ^TNX with an annualized return of 14.26%, while ^TNX has yielded a comparatively lower 9.92% annualized return.

BMO.TO

• 1D: 1.07%
• 1M: -4.25%
• YTD: 7.78%
• 6M: 6.65%
• 1Y: 43.69%
• 3Y*: 22.01%
• 5Y*: 16.23%
• 10Y*: 14.26%

^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

BMO.TO vs. ^TNX — Risk / Return Rank

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

BMO.TO

BMO.TO Risk / Return Rank: 91
BMO.TO Sharpe Ratio Rank: 92
BMO.TO Sortino Ratio Rank: 90
BMO.TO Omega Ratio Rank: 91
BMO.TO Calmar Ratio Rank: 90
BMO.TO Martin Ratio Rank: 92

^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.

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

This table presents a comparison of risk-adjusted performance metrics for Bank of Montreal (BMO.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.

	BMO.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	2.29	0.05	+2.24
Sortino ratio Return per unit of downside risk	2.90	0.21	+2.69
Omega ratio Gain probability vs. loss probability	1.42	1.02	+0.39
Calmar ratio Return relative to maximum drawdown	4.05	-0.12	+4.17
Martin ratio Return relative to average drawdown	13.03	-0.20	+13.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BMO.TO vs. ^TNX - Sharpe Ratio Comparison

The current BMO.TO Sharpe Ratio is 2.29, which is higher than the ^TNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of BMO.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

	BMO.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	0.05	+2.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.69	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.21	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.07	+0.50

Correlation

The correlation between BMO.TO and ^TNX is 0.18, 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

BMO.TO vs. ^TNX - Drawdown Comparison

The maximum BMO.TO drawdown since its inception was -62.39%, smaller than the maximum ^TNX drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for BMO.TO and ^TNX.

Drawdown Indicators

	BMO.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-62.39%	-93.78%	+31.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.94%	-13.99%	+3.05%
Max Drawdown (5Y) Largest decline over 5 years	-26.85%	-31.74%	+4.89%
Max Drawdown (10Y) Largest decline over 10 years	-45.59%	-84.57%	+38.98%
Current Drawdown Current decline from peak	-6.48%	-46.17%	+39.69%
Average Drawdown Average peak-to-trough decline	-10.58%	-51.38%	+40.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	8.39%	-4.99%

Volatility

BMO.TO vs. ^TNX - Volatility Comparison

Bank of Montreal (BMO.TO) has a higher volatility of 7.57% compared to Treasury Yield 10 Years (^TNX) at 6.30%. This indicates that BMO.TO's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BMO.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	6.30%	+1.27%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	11.34%	+2.81%
Volatility (1Y) Calculated over the trailing 1-year period	19.18%	19.20%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.17%	33.89%	-15.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.88%	48.45%	-27.57%