IVN.TO vs. ^TNX
IVN.TO (Ivanhoe Mines Ltd.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, IVN.TO returned 24.20%/yr vs 12.12%/yr for ^TNX. At a 0.03 correlation, their price movements are largely independent.
Performance
IVN.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
IVN.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, IVN.TO achieves a -36.77% return, which is significantly lower than ^TNX's 13.07% return. Over the past 10 years, IVN.TO has outperformed ^TNX with an annualized return of 24.20%, while ^TNX has yielded a comparatively lower 12.12% annualized return.
IVN.TO
- 1D
- 0.61%
- 1M
- -15.21%
- 6M
- -39.07%
- YTD
- -36.77%
- 1Y
- -11.32%
- 3Y*
- -7.89%
- 5Y*
- 1.91%
- 10Y*
- 24.20%
- ALL TIME*
- 5.07%
^TNX
- 1D
- 1.13%
- 1M
- 2.71%
- 6M
- 9.70%
- YTD
- 13.07%
- 1Y
- 5.88%
- 3Y*
- 8.44%
- 5Y*
- 31.77%
- 10Y*
- 12.12%
- ALL TIME*
- 0.48%
IVN.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVN.TO Ivanhoe Mines Ltd. | -36.77% | -8.50% | 32.76% | 20.09% | 3.68% | 50.44% | 61.41% | 79.32% | -44.10% | 66.93% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.07% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | 21.07% | -8.33% |
Correlation
The correlation between IVN.TO and ^TNX is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2012 | 0.03 |
The correlation between IVN.TO and ^TNX shifts across timeframes, from -0.19 (1 year) to 0.05 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
IVN.TO vs. ^TNX — Risk / Return Rank
IVN.TO
^TNX
IVN.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ivanhoe Mines Ltd. (IVN.TO) and Cboe 10-Year Treasury Note Yield Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IVN.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 0.56 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.45 | 1.23 | -1.68 |
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Drawdowns
IVN.TO vs. ^TNX - Drawdown Comparison
The maximum IVN.TO drawdown since its inception was -89.81%, roughly equal to the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for IVN.TO and ^TNX.
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Drawdown Indicators
| IVN.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.81% | -89.94% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -47.85% | -10.53% | -37.32% |
Max Drawdown (3Y)Largest decline over 3 years | -53.90% | -28.13% | -25.77% |
Max Drawdown (5Y)Largest decline over 5 years | -53.90% | -28.13% | -25.77% |
Max Drawdown (10Y)Largest decline over 10 years | -62.55% | -83.97% | +21.42% |
Current DrawdownCurrent decline from peak | -53.62% | -6.90% | -46.72% |
Average DrawdownAverage peak-to-trough decline | -37.53% | -44.63% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.28% | 5.15% | +20.13% |
Volatility
IVN.TO vs. ^TNX - Volatility Comparison
Ivanhoe Mines Ltd. (IVN.TO) has a higher volatility of 16.11% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. This indicates that IVN.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.
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Volatility by Period
| IVN.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.11% | 4.38% | +11.73% |
Volatility (6M)Calculated over the trailing 6-month period | 45.07% | 11.80% | +33.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.63% | 15.46% | +41.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.56% | 32.06% | +19.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.00% | 48.34% | +5.66% |
Frequently Asked Questions
IVN.TO and ^TNX have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IVN.TO and ^TNX
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