HBM vs. ^TNX
Compare and contrast key facts about Hudbay Minerals Inc. (HBM) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HBM or ^TNX.
Key characteristics
HBM | ^TNX | |
---|---|---|
YTD Return | 59.61% | 16.50% |
1Y Return | 89.35% | 30.06% |
3Y Return (Ann) | 3.18% | 40.50% |
5Y Return (Ann) | 12.17% | 13.67% |
10Y Return (Ann) | -0.16% | 6.01% |
Sharpe Ratio | 2.18 | 1.23 |
Daily Std Dev | 43.27% | 25.19% |
Max Drawdown | -94.93% | -93.78% |
Current Drawdown | -66.86% | -43.86% |
Correlation
The correlation between HBM and ^TNX is 0.16, 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.
Performance
HBM vs. ^TNX - Performance Comparison
In the year-to-date period, HBM achieves a 59.61% return, which is significantly higher than ^TNX's 16.50% return. Over the past 10 years, HBM has underperformed ^TNX with an annualized return of -0.16%, while ^TNX has yielded a comparatively higher 6.01% 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. ^TNX - Risk-Adjusted Performance 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.
Drawdowns
HBM vs. ^TNX - Drawdown Comparison
The maximum HBM drawdown since its inception was -94.93%, 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. For additional features, visit the drawdowns tool.
Volatility
HBM vs. ^TNX - Volatility Comparison
Hudbay Minerals Inc. (HBM) has a higher volatility of 10.95% compared to Treasury Yield 10 Years (^TNX) at 5.66%. 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.