CG.TO vs. ^TNX
CG.TO (Centerra Gold Inc.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, CG.TO returned 21.14%/yr vs 10.97%/yr for ^TNX. At a correlation of -0.16, they often move in opposite directions.
Performance
CG.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
CG.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, CG.TO achieves a 18.45% return, which is significantly higher than ^TNX's 9.25% return. Over the past 10 years, CG.TO has outperformed ^TNX with an annualized return of 21.14%, while ^TNX has yielded a comparatively lower 10.97% annualized return.
CG.TO
- 1D
- -3.36%
- 1M
- 2.69%
- YTD
- 18.45%
- 6M
- 27.69%
- 1Y
- 127.98%
- 3Y*
- 56.65%
- 5Y*
- 34.38%
- 10Y*
- 21.14%
^TNX
- 1D
- 1.22%
- 1M
- 3.03%
- YTD
- 9.25%
- 6M
- 10.27%
- 1Y
- 1.99%
- 3Y*
- 8.00%
- 5Y*
- 27.08%
- 10Y*
- 10.97%
CG.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CG.TO Centerra Gold Inc. | 18.45% | 148.18% | 26.83% | 33.01% | -18.21% | -25.14% | 56.55% | 76.28% | -9.01% | 2.38% |
^TNX Treasury Yield 10 Years | 9.25% | -13.14% | 28.45% | -2.53% | 174.83% | 63.40% | -53.02% | -32.07% | 21.16% | -7.94% |
Correlation
The correlation between CG.TO and ^TNX is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009 | -0.16 |
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Return for Risk
CG.TO vs. ^TNX — Risk / Return Rank
CG.TO
^TNX
CG.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc. (CG.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.
| CG.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.03 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 5.34 | 0.16 | +5.18 |
| Martin ratioReturn relative to average drawdown | 14.70 | 0.32 | +14.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CG.TO | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 0.12 | +2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.82 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.23 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.05 | +0.14 |
Drawdowns
CG.TO vs. ^TNX - Drawdown Comparison
The maximum CG.TO drawdown since its inception was -93.96%, which is greater than ^TNX's maximum drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for CG.TO and ^TNX.
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Drawdown Indicators
| CG.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.96% | -83.97% | -9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -24.10% | -12.47% | -11.63% |
Max Drawdown (3Y)Largest decline over 3 years | -27.57% | -28.10% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -57.12% | -28.10% | -29.02% |
Max Drawdown (10Y)Largest decline over 10 years | -63.87% | -83.93% | +20.06% |
Current DrawdownCurrent decline from peak | -18.36% | -9.63% | -8.73% |
Average DrawdownAverage peak-to-trough decline | -42.10% | -32.52% | -9.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 6.24% | +2.51% |
Volatility
CG.TO vs. ^TNX - Volatility Comparison
Centerra Gold Inc. (CG.TO) has a higher volatility of 15.28% compared to Treasury Yield 10 Years (^TNX) at 5.28%. This indicates that CG.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.
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Volatility by Period
| CG.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.28% | 5.28% | +10.00% |
Volatility (6M)Calculated over the trailing 6-month period | 38.15% | 11.60% | +26.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.22% | 17.01% | +31.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.08% | 33.42% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.64% | 48.26% | -1.62% |
Frequently Asked Questions
CG.TO and ^TNX have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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