CTC.TO vs. ^TNX
Compare and contrast key facts about Canadian Tire Corporation, Limited (CTC.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: CTC.TO or ^TNX.
Key characteristics
CTC.TO | ^TNX | |
---|---|---|
YTD Return | -13.19% | 14.33% |
1Y Return | -24.47% | 21.16% |
3Y Return (Ann) | -0.77% | 39.23% |
5Y Return (Ann) | 6.43% | 13.08% |
10Y Return (Ann) | 13.46% | 5.84% |
Sharpe Ratio | -0.42 | 0.93 |
Daily Std Dev | 67.47% | 25.16% |
Max Drawdown | -85.05% | -93.78% |
Current Drawdown | -40.72% | -44.91% |
Correlation
The correlation between CTC.TO and ^TNX is 0.04, 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
CTC.TO vs. ^TNX - Performance Comparison
In the year-to-date period, CTC.TO achieves a -13.19% return, which is significantly lower than ^TNX's 14.33% return. Over the past 10 years, CTC.TO has outperformed ^TNX with an annualized return of 13.46%, while ^TNX has yielded a comparatively lower 5.84% 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
CTC.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Tire Corporation, Limited (CTC.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
CTC.TO vs. ^TNX - Drawdown Comparison
The maximum CTC.TO drawdown since its inception was -85.05%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for CTC.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
CTC.TO vs. ^TNX - Volatility Comparison
Canadian Tire Corporation, Limited (CTC.TO) has a higher volatility of 23.37% compared to Treasury Yield 10 Years (^TNX) at 4.89%. This indicates that CTC.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.