DPM.TO vs. ^TNX

Last updated Jun 4, 2026

DPM.TO (Dundee Precious Metals Inc.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, DPM.TO returned 34.90%/yr vs 10.97%/yr for ^TNX. At a correlation of -0.15, they often move in opposite directions.

Performance

DPM.TO vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dundee Precious Metals Inc. (DPM.TO) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DPM.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, DPM.TO achieves a 11.95% return, which is significantly higher than ^TNX's 9.25% return. Over the past 10 years, DPM.TO has outperformed ^TNX with an annualized return of 34.90%, while ^TNX has yielded a comparatively lower 10.97% annualized return.

DPM.TO

• 1D: 3.18%
• 1M: 7.21%
• YTD: 11.95%
• 6M: 21.70%
• 1Y: 115.02%
• 3Y*: 74.02%
• 5Y*: 44.15%
• 10Y*: 34.90%

^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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DPM.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DPM.TO Dundee Precious Metals Inc.	11.95%	228.58%	56.68%	33.46%	-13.25%	-12.83%	66.69%	55.00%	20.00%	33.33%
^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 DPM.TO and ^TNX is -0.28, 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	-0.28
Correlation (3Y) Calculated over the trailing 3-year period	-0.22
Correlation (5Y) Calculated over the trailing 5-year period	-0.22
Correlation (10Y) Calculated over the trailing 10-year period	-0.21
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	-0.15

The correlation between DPM.TO and ^TNX shifts across timeframes, from -0.28 (1 year) to -0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

DPM.TO vs. ^TNX — Risk / Return Rank

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

DPM.TO

DPM.TO Risk / Return Rank: 88
DPM.TO Sharpe Ratio Rank: 92
DPM.TO Sortino Ratio Rank: 86
DPM.TO Omega Ratio Rank: 87
DPM.TO Calmar Ratio Rank: 87
DPM.TO Martin Ratio Rank: 88

^TNX

^TNX Risk / Return Rank: 12
^TNX Sharpe Ratio Rank: 12
^TNX Sortino Ratio Rank: 11
^TNX Omega Ratio Rank: 11
^TNX Calmar Ratio Rank: 12
^TNX Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DPM.TO vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dundee Precious Metals Inc. (DPM.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.

	DPM.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	2.55	0.12	+2.43
Sortino ratio Return per unit of downside risk	2.80	0.29	+2.51
Omega ratio Gain probability vs. loss probability	1.39	1.03	+0.35
Calmar ratio Return relative to maximum drawdown	3.92	0.16	+3.76
Martin ratio Return relative to average drawdown	10.82	0.32	+10.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DPM.TO vs. ^TNX - Sharpe Ratio Comparison

The current DPM.TO Sharpe Ratio is 2.55, which is higher than the ^TNX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of DPM.TO and ^TNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DPM.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.55	0.12	+2.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	0.82	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.23	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.05	+0.15

Drawdowns

DPM.TO vs. ^TNX - Drawdown Comparison

The maximum DPM.TO drawdown since its inception was -94.16%, which is greater than ^TNX's maximum drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for DPM.TO and ^TNX.

Drawdown Indicators

	DPM.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-94.16%	-83.97%	-10.19%
Max Drawdown (1Y) Largest decline over 1 year	-29.52%	-12.47%	-17.05%
Max Drawdown (3Y) Largest decline over 3 years	-29.52%	-28.10%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-28.10%	-13.78%
Max Drawdown (10Y) Largest decline over 10 years	-51.96%	-83.93%	+31.97%
Current Drawdown Current decline from peak	-20.03%	-9.63%	-10.40%
Average Drawdown Average peak-to-trough decline	-41.60%	-32.52%	-9.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.69%	6.24%	+4.45%

Volatility

DPM.TO vs. ^TNX - Volatility Comparison

Dundee Precious Metals Inc. (DPM.TO) has a higher volatility of 14.46% compared to Treasury Yield 10 Years (^TNX) at 5.28%. This indicates that DPM.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.

Volatility by Period

	DPM.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	5.28%	+9.18%
Volatility (6M) Calculated over the trailing 6-month period	37.31%	11.60%	+25.71%
Volatility (1Y) Calculated over the trailing 1-year period	45.45%	17.01%	+28.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.46%	33.42%	+5.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.25%	48.26%	-1.01%

Frequently Asked Questions

Can I hold both DPM.TO and ^TNX in my portfolio?

DPM.TO and ^TNX have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.