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BTO.TO vs. ^TNX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between BTO.TO and ^TNX is 0.28, 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

BTO.TO vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in B2Gold Corp. (BTO.TO) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

0.00%500,000.00%1,000,000.00%1,500,000.00%December2025FebruaryMarchAprilMay
1,519,859.68%
6.93%
BTO.TO
^TNX

Key characteristics

Sharpe Ratio

BTO.TO:

0.50

^TNX:

-0.19

Sortino Ratio

BTO.TO:

1.06

^TNX:

-0.18

Omega Ratio

BTO.TO:

1.13

^TNX:

0.98

Calmar Ratio

BTO.TO:

0.40

^TNX:

-0.09

Martin Ratio

BTO.TO:

1.69

^TNX:

-0.47

Ulcer Index

BTO.TO:

14.10%

^TNX:

10.56%

Daily Std Dev

BTO.TO:

42.89%

^TNX:

21.91%

Max Drawdown

BTO.TO:

-86.75%

^TNX:

-93.78%

Current Drawdown

BTO.TO:

-49.03%

^TNX:

-46.72%

Returns By Period

In the year-to-date period, BTO.TO achieves a 19.93% return, which is significantly higher than ^TNX's -6.52% return. Over the past 10 years, BTO.TO has outperformed ^TNX with an annualized return of 10.15%, while ^TNX has yielded a comparatively lower 6.54% annualized return.


BTO.TO

YTD

19.93%

1M

11.11%

6M

0.55%

1Y

21.39%

5Y*

-8.23%

10Y*

10.15%

^TNX

YTD

-6.52%

1M

0.31%

6M

-1.52%

1Y

-4.83%

5Y*

44.57%

10Y*

6.54%

*Annualized

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Risk-Adjusted Performance

BTO.TO vs. ^TNX — Risk-Adjusted Performance Rank

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

BTO.TO
The Risk-Adjusted Performance Rank of BTO.TO is 6868
Overall Rank
The Sharpe Ratio Rank of BTO.TO is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of BTO.TO is 6767
Sortino Ratio Rank
The Omega Ratio Rank of BTO.TO is 6565
Omega Ratio Rank
The Calmar Ratio Rank of BTO.TO is 6969
Calmar Ratio Rank
The Martin Ratio Rank of BTO.TO is 7171
Martin Ratio Rank

^TNX
The Risk-Adjusted Performance Rank of ^TNX is 2121
Overall Rank
The Sharpe Ratio Rank of ^TNX is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of ^TNX is 2020
Sortino Ratio Rank
The Omega Ratio Rank of ^TNX is 2121
Omega Ratio Rank
The Calmar Ratio Rank of ^TNX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of ^TNX is 2222
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTO.TO vs. ^TNX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for B2Gold Corp. (BTO.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.


The current BTO.TO Sharpe Ratio is 0.50, which is higher than the ^TNX Sharpe Ratio of -0.19. The chart below compares the historical Sharpe Ratios of BTO.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.


Rolling 12-month Sharpe Ratio-0.500.000.501.00December2025FebruaryMarchAprilMay
0.43
-0.22
BTO.TO
^TNX

Drawdowns

BTO.TO vs. ^TNX - Drawdown Comparison

The maximum BTO.TO drawdown since its inception was -86.75%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for BTO.TO and ^TNX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-51.45%
-14.29%
BTO.TO
^TNX

Volatility

BTO.TO vs. ^TNX - Volatility Comparison

B2Gold Corp. (BTO.TO) has a higher volatility of 16.59% compared to Treasury Yield 10 Years (^TNX) at 6.83%. This indicates that BTO.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.


5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
16.59%
6.83%
BTO.TO
^TNX