EMA.TO vs. ^TNX
Compare and contrast key facts about Emera Incorporated (EMA.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EMA.TO or ^TNX.
Key characteristics
| EMA.TO | ^TNX | |
|---|---|---|
| YTD Return | -4.76% | 21.21% |
| 1Y Return | -15.11% | 36.26% |
| 3Y Return (Ann) | -1.08% | 42.36% |
| 5Y Return (Ann) | 3.30% | 13.17% |
| 10Y Return (Ann) | 8.01% | 6.12% |
| Sharpe Ratio | -0.84 | 1.38 |
| Daily Std Dev | 17.37% | 25.93% |
| Max Drawdown | -29.73% | -93.78% |
| Current Drawdown | -19.76% | -41.59% |
Correlation
The correlation between EMA.TO and ^TNX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EMA.TO vs. ^TNX - Performance Comparison
In the year-to-date period, EMA.TO achieves a -4.76% return, which is significantly lower than ^TNX's 21.21% return. Over the past 10 years, EMA.TO has outperformed ^TNX with an annualized return of 8.01%, while ^TNX has yielded a comparatively lower 6.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EMA.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Emera Incorporated (EMA.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.
Drawdowns
EMA.TO vs. ^TNX - Drawdown Comparison
The maximum EMA.TO drawdown since its inception was -29.73%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for EMA.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
EMA.TO vs. ^TNX - Volatility Comparison
The current volatility for Emera Incorporated (EMA.TO) is 3.03%, while Treasury Yield 10 Years (^TNX) has a volatility of 7.01%. This indicates that EMA.TO experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.