GOLD.TO vs. ^TNX
Compare and contrast key facts about GoldMining Inc. (GOLD.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: GOLD.TO or ^TNX.
Key characteristics
| GOLD.TO | ^TNX | |
|---|---|---|
| YTD Return | -6.15% | 11.46% |
| 1Y Return | 11.93% | -5.46% |
| 3Y Return (Ann) | -11.23% | 44.02% |
| 5Y Return (Ann) | 3.46% | 18.97% |
| 10Y Return (Ann) | 6.39% | 6.45% |
| Sharpe Ratio | 0.32 | -0.33 |
| Sortino Ratio | 0.75 | -0.33 |
| Omega Ratio | 1.08 | 0.96 |
| Calmar Ratio | 0.16 | -0.14 |
| Martin Ratio | 0.81 | -0.64 |
| Ulcer Index | 14.70% | 12.03% |
| Daily Std Dev | 37.23% | 23.36% |
| Max Drawdown | -76.83% | -93.78% |
| Current Drawdown | -67.81% | -46.29% |
Correlation
The correlation between GOLD.TO and ^TNX is -0.10. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GOLD.TO vs. ^TNX - Performance Comparison
In the year-to-date period, GOLD.TO achieves a -6.15% return, which is significantly lower than ^TNX's 11.46% return. Both investments have delivered pretty close results over the past 10 years, with GOLD.TO having a 6.39% annualized return and ^TNX not far ahead at 6.45%. 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
GOLD.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GoldMining Inc. (GOLD.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
GOLD.TO vs. ^TNX - Drawdown Comparison
The maximum GOLD.TO drawdown since its inception was -76.83%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for GOLD.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
GOLD.TO vs. ^TNX - Volatility Comparison
GoldMining Inc. (GOLD.TO) has a higher volatility of 9.07% compared to Treasury Yield 10 Years (^TNX) at 4.86%. This indicates that GOLD.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.