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.
Correlation
The correlation between HBM and ^TNX is 0.18, 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
Key characteristics
HBM:
1.49
^TNX:
0.31
HBM:
2.11
^TNX:
0.60
HBM:
1.26
^TNX:
1.07
HBM:
1.02
^TNX:
0.12
HBM:
4.56
^TNX:
0.62
HBM:
15.45%
^TNX:
10.42%
HBM:
47.48%
^TNX:
21.11%
HBM:
-92.23%
^TNX:
-93.78%
HBM:
-48.22%
^TNX:
-43.36%
Returns By Period
In the year-to-date period, HBM achieves a 10.62% return, which is significantly higher than ^TNX's -0.63% return. Over the past 10 years, HBM has underperformed ^TNX with an annualized return of 1.06%, while ^TNX has yielded a comparatively higher 7.89% annualized return.
HBM
10.62%
4.31%
13.38%
63.55%
23.05%
1.06%
^TNX
-0.63%
-1.41%
19.02%
5.80%
24.51%
7.89%
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Risk-Adjusted Performance
HBM vs. ^TNX — Risk-Adjusted Performance Rank
HBM
^TNX
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 -92.23%, 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 13.60% compared to Treasury Yield 10 Years (^TNX) at 5.68%. 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.