DBM.TO vs. ^TNX
DBM.TO (Doman Building Materials Group Ltd.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, DBM.TO returned 15.82%/yr vs 12.12%/yr for ^TNX. At a 0.06 correlation, their price movements are largely independent.
Performance
DBM.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
DBM.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, DBM.TO achieves a 26.89% return, which is significantly higher than ^TNX's 13.07% return. Over the past 10 years, DBM.TO has outperformed ^TNX with an annualized return of 15.82%, while ^TNX has yielded a comparatively lower 12.12% annualized return.
DBM.TO
- 1D
- -2.53%
- 1M
- 2.84%
- 6M
- 17.12%
- YTD
- 26.89%
- 1Y
- 41.29%
- 3Y*
- 28.29%
- 5Y*
- 18.21%
- 10Y*
- 15.82%
- ALL TIME*
- 9.51%
^TNX
- 1D
- 1.13%
- 1M
- 2.71%
- 6M
- 9.70%
- YTD
- 13.07%
- 1Y
- 5.88%
- 3Y*
- 8.44%
- 5Y*
- 31.77%
- 10Y*
- 12.12%
- ALL TIME*
- 0.48%
DBM.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBM.TO Doman Building Materials Group Ltd. | 26.89% | 17.93% | 9.86% | 55.96% | -19.26% | 8.29% | 59.09% | 31.10% | -31.80% | 33.78% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.07% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | 21.07% | -8.33% |
Correlation
The correlation between DBM.TO and ^TNX is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | 0.06 |
The correlation between DBM.TO and ^TNX shifts across timeframes, from -0.14 (3 years) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBM.TO vs. ^TNX — Risk / Return Rank
DBM.TO
^TNX
DBM.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doman Building Materials Group Ltd. (DBM.TO) and Cboe 10-Year Treasury Note Yield Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBM.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.31 | ||
| Sortino ratioReturn per unit of downside risk | +1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.07 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 0.56 | +2.51 |
| Martin ratioReturn relative to average drawdown | 7.48 | 1.23 | +6.25 |
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Drawdowns
DBM.TO vs. ^TNX - Drawdown Comparison
The maximum DBM.TO drawdown since its inception was -76.69%, smaller than the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for DBM.TO and ^TNX.
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Drawdown Indicators
| DBM.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.69% | -89.94% | +13.25% |
Max Drawdown (1Y)Largest decline over 1 year | -13.53% | -10.53% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -32.73% | -28.13% | -4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -35.33% | -28.13% | -7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -55.09% | -83.97% | +28.88% |
Current DrawdownCurrent decline from peak | -2.53% | -6.90% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -24.16% | -44.63% | +20.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 5.15% | +0.39% |
Volatility
DBM.TO vs. ^TNX - Volatility Comparison
Doman Building Materials Group Ltd. (DBM.TO) has a higher volatility of 7.06% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. This indicates that DBM.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
| DBM.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 4.38% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.93% | 11.80% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.59% | 15.46% | +9.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.61% | 32.06% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.32% | 48.34% | -16.02% |
Frequently Asked Questions
DBM.TO and ^TNX have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for DBM.TO and ^TNX
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