DPM.TO vs. ^TNX
DPM.TO (Dundee Precious Metals Inc.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, DPM.TO returned 29.63%/yr vs 12.12%/yr for ^TNX. At a correlation of -0.11, they often move in opposite directions.
Performance
DPM.TO vs. ^TNX - Performance Comparison
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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 10.90% return, which is significantly lower than ^TNX's 13.07% return. Over the past 10 years, DPM.TO has outperformed ^TNX with an annualized return of 29.63%, while ^TNX has yielded a comparatively lower 12.12% annualized return.
DPM.TO
- 1D
- -0.13%
- 1M
- 3.50%
- 6M
- -2.50%
- YTD
- 10.90%
- 1Y
- 111.06%
- 3Y*
- 71.66%
- 5Y*
- 47.21%
- 10Y*
- 29.63%
- ALL TIME*
- 8.31%
^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%
DPM.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DPM.TO Dundee Precious Metals Inc. | 10.90% | 228.15% | 56.69% | 33.46% | -14.25% | -13.18% | 66.57% | 55.00% | 20.00% | 33.33% |
^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 DPM.TO and ^TNX is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | -0.11 |
The correlation between DPM.TO and ^TNX shifts across timeframes, from -0.23 (1 year) to -0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DPM.TO vs. ^TNX — Risk / Return Rank
DPM.TO
^TNX
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 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.
| DPM.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.90 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.07 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 0.56 | +2.99 |
| Martin ratioReturn relative to average drawdown | 8.52 | 1.23 | +7.29 |
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Drawdowns
DPM.TO vs. ^TNX - Drawdown Comparison
The maximum DPM.TO drawdown since its inception was -93.15%, roughly equal to the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for DPM.TO and ^TNX.
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Drawdown Indicators
| DPM.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.15% | -89.94% | -3.21% |
Max Drawdown (1Y)Largest decline over 1 year | -31.44% | -10.53% | -20.91% |
Max Drawdown (3Y)Largest decline over 3 years | -31.44% | -28.13% | -3.31% |
Max Drawdown (5Y)Largest decline over 5 years | -42.12% | -28.13% | -13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -51.96% | -83.97% | +32.01% |
Current DrawdownCurrent decline from peak | -20.77% | -6.90% | -13.87% |
Average DrawdownAverage peak-to-trough decline | -46.92% | -44.63% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.08% | 5.15% | +7.93% |
Volatility
DPM.TO vs. ^TNX - Volatility Comparison
Dundee Precious Metals Inc. (DPM.TO) has a higher volatility of 16.55% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. 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.
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Volatility by Period
| DPM.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.55% | 4.38% | +12.17% |
Volatility (6M)Calculated over the trailing 6-month period | 42.66% | 11.80% | +30.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.48% | 15.46% | +35.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.50% | 32.06% | +7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.18% | 48.34% | -1.16% |
Frequently Asked Questions
DPM.TO and ^TNX have a correlation of -0.23, 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 DPM.TO and ^TNX
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