KEY.TO vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about Keyera Corp. (KEY.TO) and Treasury Yield 10 Years (^TNX).

Performance

KEY.TO vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Keyera Corp. (KEY.TO) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

KEY.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KEY.TO Keyera Corp.	20.55%	5.61%	47.74%	18.18%	13.34%	38.37%	-25.07%	42.73%	-23.29%	-8.60%
^TNX Treasury Yield 10 Years	5.06%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Different Trading Currencies

KEY.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, KEY.TO achieves a 20.55% return, which is significantly higher than ^TNX's 5.06% return. Over the past 10 years, KEY.TO has outperformed ^TNX with an annualized return of 10.61%, while ^TNX has yielded a comparatively lower 9.92% annualized return.

KEY.TO

• 1D: -2.42%
• 1M: 0.82%
• YTD: 20.55%
• 6M: 15.23%
• 1Y: 21.68%
• 3Y*: 29.51%
• 5Y*: 23.77%
• 10Y*: 10.61%

^TNX

• 1D: 0.05%
• 1M: 8.43%
• YTD: 5.06%
• 6M: 4.89%
• 1Y: 0.97%
• 3Y*: 8.32%
• 5Y*: 23.30%
• 10Y*: 9.92%

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

Return for Risk

KEY.TO vs. ^TNX — Risk / Return Rank

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

KEY.TO

KEY.TO Risk / Return Rank: 68
KEY.TO Sharpe Ratio Rank: 73
KEY.TO Sortino Ratio Rank: 66
KEY.TO Omega Ratio Rank: 65
KEY.TO Calmar Ratio Rank: 69
KEY.TO Martin Ratio Rank: 70

^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.

KEY.TO vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Keyera Corp. (KEY.TO) 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.

	KEY.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.05	+0.95
Sortino ratio Return per unit of downside risk	1.45	0.21	+1.24
Omega ratio Gain probability vs. loss probability	1.19	1.02	+0.16
Calmar ratio Return relative to maximum drawdown	1.41	-0.12	+1.53
Martin ratio Return relative to average drawdown	3.64	-0.20	+3.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KEY.TO vs. ^TNX - Sharpe Ratio Comparison

The current KEY.TO Sharpe Ratio is 1.00, which is higher than the ^TNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of KEY.TO 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

	KEY.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.05	+0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.16	0.69	+0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.21	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.07	+0.59

Correlation

The correlation between KEY.TO and ^TNX is 0.05, 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

KEY.TO vs. ^TNX - Drawdown Comparison

The maximum KEY.TO drawdown since its inception was -72.36%, smaller than the maximum ^TNX drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for KEY.TO and ^TNX.

Drawdown Indicators

	KEY.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-72.36%	-93.78%	+21.42%
Max Drawdown (1Y) Largest decline over 1 year	-16.25%	-13.99%	-2.26%
Max Drawdown (5Y) Largest decline over 5 years	-19.61%	-31.74%	+12.13%
Max Drawdown (10Y) Largest decline over 10 years	-70.75%	-84.57%	+13.82%
Current Drawdown Current decline from peak	-3.49%	-46.17%	+42.68%
Average Drawdown Average peak-to-trough decline	-10.88%	-51.38%	+40.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.32%	8.39%	-2.07%

Volatility

KEY.TO vs. ^TNX - Volatility Comparison

The current volatility for Keyera Corp. (KEY.TO) is 4.23%, while Treasury Yield 10 Years (^TNX) has a volatility of 6.30%. This indicates that KEY.TO experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KEY.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	6.30%	-2.07%
Volatility (6M) Calculated over the trailing 6-month period	14.95%	11.34%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	21.82%	19.20%	+2.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.52%	33.89%	-13.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.09%	48.45%	-18.36%