HBM vs. TLT
Compare and contrast key facts about Hudbay Minerals Inc. (HBM) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBM or TLT.
Key characteristics
| HBM | TLT | |
|---|---|---|
| YTD Return | 75.21% | -5.71% |
| 1Y Return | 99.71% | -6.90% |
| 3Y Return (Ann) | 5.71% | -10.00% |
| 5Y Return (Ann) | 14.46% | -3.91% |
| 10Y Return (Ann) | 0.85% | 0.42% |
| Sharpe Ratio | 2.29 | -0.43 |
| Daily Std Dev | 45.17% | 16.62% |
| Max Drawdown | -94.93% | -48.35% |
| Current Drawdown | -63.62% | -41.25% |
Correlation
The correlation between HBM and TLT is -0.16. 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
HBM vs. TLT - Performance Comparison
In the year-to-date period, HBM achieves a 75.21% return, which is significantly higher than TLT's -5.71% return. Over the past 10 years, HBM has outperformed TLT with an annualized return of 0.85%, while TLT has yielded a comparatively lower 0.42% 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
HBM vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hudbay Minerals Inc. (HBM) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
HBM vs. TLT - Dividend Comparison
HBM's dividend yield for the trailing twelve months is around 0.15%, less than TLT's 3.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBM Hudbay Minerals Inc. | 0.15% | 0.27% | 0.30% | 0.22% | 0.21% | 0.36% | 0.32% | 0.18% | 0.27% | 0.40% | 0.21% | 1.31% |
TLT iShares 20+ Year Treasury Bond ETF | 3.81% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
HBM vs. TLT - Drawdown Comparison
The maximum HBM drawdown since its inception was -94.93%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for HBM and TLT. For additional features, visit the drawdowns tool.
Volatility
HBM vs. TLT - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 17.19% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.90%. This indicates that HBM's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.