EQX.TO vs. ^TNX
EQX.TO (Equinox Gold Corp.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, EQX.TO returned 29.58%/yr vs 10.95%/yr for ^TNX. At a correlation of -0.16, they often move in opposite directions.
Performance
EQX.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
EQX.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, EQX.TO achieves a -16.98% return, which is significantly lower than ^TNX's 9.25% return. Over the past 10 years, EQX.TO has outperformed ^TNX with an annualized return of 29.58%, while ^TNX has yielded a comparatively lower 10.95% annualized return.
EQX.TO
- 1D
- 2.44%
- 1M
- -13.52%
- YTD
- -16.98%
- 6M
- -17.83%
- 1Y
- 64.76%
- 3Y*
- 34.79%
- 5Y*
- 8.20%
- 10Y*
- 29.58%
^TNX
- 1D
- 0.00%
- 1M
- 3.77%
- YTD
- 9.25%
- 6M
- 8.84%
- 1Y
- 4.53%
- 3Y*
- 7.92%
- 5Y*
- 27.08%
- 10Y*
- 10.95%
EQX.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EQX.TO Equinox Gold Corp. | -16.98% | 166.44% | 12.42% | 45.37% | -48.25% | -35.00% | 31.83% | 95.88% | -8.93% | -38.46% |
^TNX Treasury Yield 10 Years | 9.02% | -13.14% | 28.45% | -2.53% | 174.83% | 63.40% | -53.02% | -32.07% | 21.16% | -7.94% |
Correlation
The correlation between EQX.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 | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2013 | -0.16 |
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Return for Risk
EQX.TO vs. ^TNX — Risk / Return Rank
EQX.TO
^TNX
EQX.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX.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.
| EQX.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.06 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 0.36 | +1.31 |
| Martin ratioReturn relative to average drawdown | 4.25 | 0.73 | +3.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EQX.TO | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.27 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.82 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.23 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.05 | +0.02 |
Drawdowns
EQX.TO vs. ^TNX - Drawdown Comparison
The maximum EQX.TO drawdown since its inception was -86.00%, roughly equal to the maximum ^TNX drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for EQX.TO and ^TNX.
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Drawdown Indicators
| EQX.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.00% | -83.97% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -38.98% | -12.47% | -26.51% |
Max Drawdown (3Y)Largest decline over 3 years | -38.98% | -28.10% | -10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -69.34% | -28.10% | -41.24% |
Max Drawdown (10Y)Largest decline over 10 years | -80.51% | -83.93% | +3.42% |
Current DrawdownCurrent decline from peak | -37.49% | -9.63% | -27.86% |
Average DrawdownAverage peak-to-trough decline | -44.46% | -32.51% | -11.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.29% | 6.24% | +9.05% |
Volatility
EQX.TO vs. ^TNX - Volatility Comparison
Equinox Gold Corp. (EQX.TO) has a higher volatility of 21.20% compared to Treasury Yield 10 Years (^TNX) at 5.21%. This indicates that EQX.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
| EQX.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.20% | 5.21% | +15.99% |
Volatility (6M)Calculated over the trailing 6-month period | 46.46% | 11.59% | +34.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.88% | 17.01% | +41.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.87% | 33.36% | +22.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 190.48% | 48.25% | +142.23% |
Frequently Asked Questions
EQX.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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