HBM vs. ^TNX

Last updated Apr 2, 2026

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

Performance

HBM vs. ^TNX - Performance Comparison

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

HBM vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HBM Hudbay Minerals Inc.	10.87%	145.46%	47.03%	9.24%	-29.87%	3.82%	69.50%	-11.77%	-46.20%	54.77%
^TNX Treasury Yield 10 Years	3.75%	-8.97%	18.29%	-0.34%	156.55%	64.89%	-52.21%	-28.56%	11.68%	-1.68%

Returns By Period

In the year-to-date period, HBM achieves a 10.87% return, which is significantly higher than ^TNX's 3.75% return. Over the past 10 years, HBM has outperformed ^TNX with an annualized return of 20.12%, while ^TNX has yielded a comparatively lower 9.20% annualized return.

HBM

• 1D: 5.26%
• 1M: -17.70%
• YTD: 10.87%
• 6M: 43.18%
• 1Y: 185.98%
• 3Y*: 61.54%
• 5Y*: 25.04%
• 10Y*: 20.12%

^TNX

• 1D: 0.19%
• 1M: 6.69%
• YTD: 3.75%
• 6M: 5.19%
• 1Y: 3.92%
• 3Y*: 7.32%
• 5Y*: 20.80%
• 10Y*: 9.20%

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

Return for Risk

HBM vs. ^TNX — Risk / Return Rank

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

HBM

HBM Risk / Return Rank: 95
HBM Sharpe Ratio Rank: 97
HBM Sortino Ratio Rank: 94
HBM Omega Ratio Rank: 93
HBM Calmar Ratio Rank: 94
HBM 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 vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) 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	^TNX	Difference
Sharpe ratio Return per unit of total volatility	3.31	0.22	+3.09
Sortino ratio Return per unit of downside risk	3.40	0.45	+2.95
Omega ratio Gain probability vs. loss probability	1.46	1.05	+0.41
Calmar ratio Return relative to maximum drawdown	5.26	0.12	+5.13
Martin ratio Return relative to average drawdown	18.82	0.21	+18.62
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 vs. ^TNX - Sharpe Ratio Comparison

The current HBM Sharpe Ratio is 3.31, which is higher than the ^TNX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of HBM 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	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.31	0.22	+3.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.63	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.19	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	-0.02	+0.21

Correlation

The correlation between HBM and ^TNX is 0.17, 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 vs. ^TNX - Drawdown Comparison

The maximum HBM drawdown since its inception was -92.21%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for HBM and ^TNX.

Drawdown Indicators

	HBM	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-92.21%	-93.78%	+1.57%
Max Drawdown (1Y) Largest decline over 1 year	-36.16%	-13.99%	-22.17%
Max Drawdown (5Y) Largest decline over 5 years	-65.47%	-31.74%	-33.73%
Max Drawdown (10Y) Largest decline over 10 years	-86.34%	-84.57%	-1.77%
Current Drawdown Current decline from peak	-22.32%	-46.17%	+23.85%
Average Drawdown Average peak-to-trough decline	-52.92%	-51.38%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.10%	8.39%	+1.71%

Volatility

HBM vs. ^TNX - Volatility Comparison

Hudbay Minerals Inc. (HBM) has a higher volatility of 20.94% compared to Treasury Yield 10 Years (^TNX) at 5.89%. This indicates that HBM'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	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.94%	5.89%	+15.05%
Volatility (6M) Calculated over the trailing 6-month period	42.64%	10.58%	+32.06%
Volatility (1Y) Calculated over the trailing 1-year period	56.55%	17.89%	+38.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.17%	32.96%	+22.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.46%	48.18%	+11.28%