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DPM.TO vs. ^TNX
Performance
Return for Risk
Drawdowns
Volatility

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 Cboe 10-Year Treasury Note Yield Index (^TNX). The values are adjusted to include any dividend payments, if applicable.

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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 6.05% return, which is significantly lower than ^TNX's 9.66% return. Over the past 10 years, DPM.TO has outperformed ^TNX with an annualized return of 32.50%, while ^TNX has yielded a comparatively lower 12.64% annualized return.


DPM.TO

1D
0.56%
1M
-5.41%
YTD
6.05%
6M
4.07%
1Y
114.41%
3Y*
74.87%
5Y*
45.47%
10Y*
32.50%

^TNX

1D
-0.38%
1M
0.80%
YTD
9.66%
6M
10.45%
1Y
6.10%
3Y*
8.49%
5Y*
27.00%
10Y*
12.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DPM.TO vs. ^TNX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
DPM.TO
Dundee Precious Metals Inc.
6.05%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
9.66%-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

-0.18

Correlation (10Y)
Calculated over the trailing 10-year period

-0.17

Correlation (All Time)
Calculated using the full available price history since Jul 25, 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

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

DPM.TO
DPM.TO Risk / Return Rank: 8989
Overall Rank
DPM.TO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DPM.TO Sortino Ratio Rank: 8686
Sortino Ratio Rank
DPM.TO Omega Ratio Rank: 8787
Omega Ratio Rank
DPM.TO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DPM.TO Martin Ratio Rank: 8888
Martin Ratio Rank

^TNX
^TNX Risk / Return Rank: 1717
Overall Rank
^TNX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
^TNX Sortino Ratio Rank: 1717
Sortino Ratio Rank
^TNX Omega Ratio Rank: 1616
Omega Ratio Rank
^TNX Calmar Ratio Rank: 1616
Calmar Ratio Rank
^TNX Martin Ratio Rank: 1515
Martin Ratio Rank
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 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^TNXDifference
Sharpe ratioReturn per unit of total volatility

+1.97

Sortino ratioReturn per unit of downside risk

+1.97

Omega ratioGain probability vs. loss probability

1.36

1.08

+0.28

Calmar ratioReturn relative to maximum drawdown

3.66

0.52

+3.14

Martin ratioReturn relative to average drawdown

9.47

1.05

+8.43

DPM.TO vs. ^TNX - Sharpe Ratio Comparison

The current DPM.TO Sharpe Ratio is 2.37, which is higher than the ^TNX Sharpe Ratio of 0.40. 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.


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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^TNXDifference

Max Drawdown

Largest peak-to-trough decline

-93.15%

-89.94%

-3.21%

Max Drawdown (1Y)

Largest decline over 1 year

-31.44%

-11.93%

-19.51%

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 Drawdown

Current decline from peak

-24.24%

-9.70%

-14.54%

Average Drawdown

Average peak-to-trough decline

-46.88%

-44.75%

-2.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.12%

5.88%

+6.24%

Volatility

DPM.TO vs. ^TNX - Volatility Comparison

Dundee Precious Metals Inc. (DPM.TO) has a higher volatility of 20.05% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 3.47%. 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^TNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

20.05%

3.47%

+16.58%

Volatility (6M)

Calculated over the trailing 6-month period

41.06%

11.42%

+29.64%

Volatility (1Y)

Calculated over the trailing 1-year period

48.53%

15.40%

+33.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.11%

32.82%

+6.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

47.37%

48.55%

-1.18%

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.

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