EIF.TO vs. ^TNX

Last updated Jun 4, 2026

EIF.TO (Exchange Income Corporation) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, EIF.TO returned 21.29%/yr vs 10.97%/yr for ^TNX. At a 0.06 correlation, their price movements are largely independent.

Performance

EIF.TO vs. ^TNX - Performance Comparison

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

Different Trading Currencies

EIF.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, EIF.TO achieves a 52.15% return, which is significantly higher than ^TNX's 9.25% return. Over the past 10 years, EIF.TO has outperformed ^TNX with an annualized return of 21.29%, while ^TNX has yielded a comparatively lower 10.97% annualized return.

EIF.TO

• 1D: -0.55%
• 1M: 23.90%
• YTD: 52.15%
• 6M: 54.63%
• 1Y: 124.29%
• 3Y*: 38.20%
• 5Y*: 31.77%
• 10Y*: 21.29%

^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)

EIF.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EIF.TO Exchange Income Corporation	52.15%	45.29%	37.59%	-9.76%	31.82%	21.59%	-11.59%	67.92%	-15.09%	-9.33%
^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 EIF.TO and ^TNX is -0.19, 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	-0.19
Correlation (3Y) Calculated over the trailing 3-year period	-0.15
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.06

The correlation between EIF.TO and ^TNX shifts across timeframes, from -0.19 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EIF.TO vs. ^TNX — Risk / Return Rank

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

EIF.TO

EIF.TO Risk / Return Rank: 98
EIF.TO Sharpe Ratio Rank: 98
EIF.TO Sortino Ratio Rank: 99
EIF.TO Omega Ratio Rank: 98
EIF.TO Calmar Ratio Rank: 98
EIF.TO Martin Ratio Rank: 98

^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.

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

This table presents a comparison of risk-adjusted performance metrics for Exchange Income Corporation (EIF.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.

	EIF.TO	^TNX	Difference
Sharpe ratio: Return per unit of total volatility	4.98	0.12	+4.87
Sortino ratio: Return per unit of downside risk	6.27	0.29	+5.98
Omega ratio: Gain probability vs. loss probability	1.81	1.03	+0.78
Calmar ratio: Return relative to maximum drawdown	12.78	0.16	+12.62
Martin ratio: Return relative to average drawdown	37.57	0.32	+37.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIF.TO vs. ^TNX - Sharpe Ratio Comparison

The current EIF.TO Sharpe Ratio is 4.98, which is higher than the ^TNX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of EIF.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

	EIF.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.98	0.12	+4.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.34	0.82	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.23	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.05	+0.61

Drawdowns

EIF.TO vs. ^TNX - Drawdown Comparison

The maximum EIF.TO drawdown since its inception was -68.18%, smaller than the maximum ^TNX drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for EIF.TO and ^TNX.

Drawdown Indicators

	EIF.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-68.18%	-83.97%	+15.79%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-12.47%	+2.69%
Max Drawdown (3Y) Largest decline over 3 years	-20.90%	-28.10%	+7.20%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-28.10%	+6.63%
Max Drawdown (10Y) Largest decline over 10 years	-68.18%	-83.93%	+15.75%
Current Drawdown Current decline from peak	-0.55%	-9.63%	+9.08%
Average Drawdown Average peak-to-trough decline	-9.70%	-32.52%	+22.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	6.24%	-2.92%

Volatility

EIF.TO vs. ^TNX - Volatility Comparison

Exchange Income Corporation (EIF.TO) has a higher volatility of 11.59% compared to Treasury Yield 10 Years (^TNX) at 5.28%. This indicates that EIF.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

	EIF.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.59%	5.28%	+6.31%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	11.60%	+8.92%
Volatility (1Y) Calculated over the trailing 1-year period	25.11%	17.01%	+8.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.91%	33.42%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.67%	48.26%	-15.59%

Frequently Asked Questions

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

EIF.TO and ^TNX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.