HBM.TO vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about Hudbay Minerals Inc. (HBM.TO) and Treasury Yield 10 Years (^TNX).

Performance

HBM.TO vs. ^TNX - Performance Comparison

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

HBM.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HBM.TO Hudbay Minerals Inc.	12.15%	134.08%	60.29%	6.88%	-25.13%	3.05%	66.44%	-16.44%	-41.80%	45.20%
^TNX Treasury Yield 10 Years	5.06%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Different Trading Currencies

HBM.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, HBM.TO achieves a 12.15% return, which is significantly higher than ^TNX's 5.06% return. Over the past 10 years, HBM.TO has outperformed ^TNX with an annualized return of 20.96%, while ^TNX has yielded a comparatively lower 9.92% annualized return.

HBM.TO

• 1D: 4.87%
• 1M: -16.41%
• YTD: 12.15%
• 6M: 42.60%
• 1Y: 177.73%
• 3Y*: 63.03%
• 5Y*: 27.66%
• 10Y*: 20.96%

^TNX

• 1D: 0.05%
• 1M: 8.43%
• YTD: 5.06%
• 6M: 4.89%
• 1Y: 0.97%
• 3Y*: 8.32%
• 5Y*: 23.30%
• 10Y*: 9.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HBM.TO vs. ^TNX — Risk / Return Rank

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

HBM.TO

HBM.TO Risk / Return Rank: 95
HBM.TO Sharpe Ratio Rank: 97
HBM.TO Sortino Ratio Rank: 94
HBM.TO Omega Ratio Rank: 93
HBM.TO Calmar Ratio Rank: 93
HBM.TO Martin Ratio Rank: 96

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

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.

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

This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM.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.

	HBM.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	3.28	0.05	+3.23
Sortino ratio Return per unit of downside risk	3.37	0.21	+3.16
Omega ratio Gain probability vs. loss probability	1.46	1.02	+0.44
Calmar ratio Return relative to maximum drawdown	5.02	-0.12	+5.13
Martin ratio Return relative to average drawdown	18.24	-0.20	+18.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HBM.TO vs. ^TNX - Sharpe Ratio Comparison

The current HBM.TO Sharpe Ratio is 3.28, which is higher than the ^TNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of HBM.TO and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HBM.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.28	0.05	+3.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.69	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.21	+0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.07	-0.07

Correlation

The correlation between HBM.TO and ^TNX is 0.08, 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.

Drawdowns

HBM.TO vs. ^TNX - Drawdown Comparison

The maximum HBM.TO drawdown since its inception was -92.86%, which is greater than ^TNX's maximum drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for HBM.TO and ^TNX.

Drawdown Indicators

	HBM.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-92.86%	-93.78%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-13.99%	-21.95%
Max Drawdown (5Y) Largest decline over 5 years	-62.48%	-31.74%	-30.74%
Max Drawdown (10Y) Largest decline over 10 years	-84.01%	-84.57%	+0.56%
Current Drawdown Current decline from peak	-20.93%	-46.17%	+25.24%
Average Drawdown Average peak-to-trough decline	-62.57%	-51.38%	-11.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.88%	8.39%	+1.49%

Volatility

HBM.TO vs. ^TNX - Volatility Comparison

Hudbay Minerals Inc. (HBM.TO) has a higher volatility of 20.87% compared to Treasury Yield 10 Years (^TNX) at 6.30%. This indicates that HBM.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

	HBM.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.87%	6.30%	+14.57%
Volatility (6M) Calculated over the trailing 6-month period	40.63%	11.34%	+29.29%
Volatility (1Y) Calculated over the trailing 1-year period	54.53%	19.20%	+35.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.68%	33.89%	+17.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.00%	48.45%	+7.55%