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

Key characteristics


BTO.TO^TNX
YTD Return-3.56%16.37%
1Y Return-27.57%30.33%
3Y Return (Ann)-8.86%40.60%
5Y Return (Ann)4.95%11.97%
10Y Return (Ann)4.59%5.54%
Sharpe Ratio-0.821.20
Daily Std Dev32.68%26.31%
Max Drawdown-86.75%-93.78%
Current Drawdown-52.16%-43.92%

Correlation

-0.11
-1.001.00

The correlation between BTO.TO and ^TNX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

BTO.TO vs. ^TNX - Performance Comparison

In the year-to-date period, BTO.TO achieves a -3.56% return, which is significantly lower than ^TNX's 16.37% return. Over the past 10 years, BTO.TO has underperformed ^TNX with an annualized return of 4.59%, while ^TNX has yielded a comparatively higher 5.54% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%NovemberDecember2024FebruaryMarchApril
-6.81%
-2.81%
BTO.TO
^TNX

Compare stocks, funds, or ETFs


B2Gold Corp.

Treasury Yield 10 Years

Risk-Adjusted Performance

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.


BTO.TO
Sharpe ratio
The Sharpe ratio of BTO.TO compared to the broader market-2.00-1.000.001.002.003.004.00-0.72
Sortino ratio
The Sortino ratio of BTO.TO compared to the broader market-4.00-2.000.002.004.006.00-0.91
Omega ratio
The Omega ratio of BTO.TO compared to the broader market0.501.001.500.90
Calmar ratio
The Calmar ratio of BTO.TO compared to the broader market0.001.002.003.004.005.006.00-0.40
Martin ratio
The Martin ratio of BTO.TO compared to the broader market0.0010.0020.0030.00-1.00
^TNX
Sharpe ratio
The Sharpe ratio of ^TNX compared to the broader market-2.00-1.000.001.002.003.004.000.95
Sortino ratio
The Sortino ratio of ^TNX compared to the broader market-4.00-2.000.002.004.006.001.49
Omega ratio
The Omega ratio of ^TNX compared to the broader market0.501.001.501.17
Calmar ratio
The Calmar ratio of ^TNX compared to the broader market0.001.002.003.004.005.006.001.04
Martin ratio
The Martin ratio of ^TNX compared to the broader market0.0010.0020.0030.002.28

BTO.TO vs. ^TNX - Sharpe Ratio Comparison

The current BTO.TO Sharpe Ratio is -0.72, which is lower than the ^TNX Sharpe Ratio of 0.95. The chart below compares the 12-month rolling Sharpe Ratio of BTO.TO and ^TNX.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00NovemberDecember2024FebruaryMarchApril
-0.72
0.95
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%. The drawdown chart below compares losses from any high point along the way for BTO.TO and ^TNX


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2024FebruaryMarchApril
-53.94%
-9.80%
BTO.TO
^TNX

Volatility

BTO.TO vs. ^TNX - Volatility Comparison

B2Gold Corp. (BTO.TO) has a higher volatility of 10.83% compared to Treasury Yield 10 Years (^TNX) at 7.00%. 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.


4.00%6.00%8.00%10.00%12.00%14.00%16.00%NovemberDecember2024FebruaryMarchApril
10.83%
7.00%
BTO.TO
^TNX