KEY.TO vs. ^TNX
KEY.TO (Keyera Corp.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, KEY.TO returned 11.67%/yr vs 10.95%/yr for ^TNX. At a 0.06 correlation, their price movements are largely independent.
Performance
KEY.TO vs. ^TNX - Performance Comparison
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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 31.50% return, which is significantly higher than ^TNX's 9.25% return. Over the past 10 years, KEY.TO has outperformed ^TNX with an annualized return of 11.67%, while ^TNX has yielded a comparatively lower 10.95% annualized return.
KEY.TO
- 1D
- 0.60%
- 1M
- 16.64%
- YTD
- 31.50%
- 6M
- 30.02%
- 1Y
- 43.15%
- 3Y*
- 30.32%
- 5Y*
- 20.14%
- 10Y*
- 11.67%
^TNX
- 1D
- 0.00%
- 1M
- 3.77%
- YTD
- 9.25%
- 6M
- 8.84%
- 1Y
- 4.53%
- 3Y*
- 7.92%
- 5Y*
- 27.08%
- 10Y*
- 10.95%
KEY.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEY.TO Keyera Corp. | 31.50% | 5.61% | 47.74% | 18.18% | 13.34% | 38.37% | -25.07% | 42.73% | -23.29% | -8.60% |
^TNX Treasury Yield 10 Years | 9.02% | -13.14% | 28.45% | -2.53% | 174.83% | 63.40% | -53.02% | -32.07% | 21.16% | -7.94% |
Correlation
The correlation between KEY.TO and ^TNX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2009 | 0.06 |
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Return for Risk
KEY.TO vs. ^TNX — Risk / Return Rank
KEY.TO
^TNX
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 ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.06 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.16 | 0.36 | +2.79 |
| Martin ratioReturn relative to average drawdown | 8.77 | 0.73 | +8.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KEY.TO | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 0.27 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.82 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.23 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.05 | +0.62 |
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 -83.97%. Use the drawdown chart below to compare losses from any high point for KEY.TO and ^TNX.
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Drawdown Indicators
| KEY.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.36% | -83.97% | +11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -13.72% | -12.47% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -28.10% | +11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -19.61% | -28.10% | +8.49% |
Max Drawdown (10Y)Largest decline over 10 years | -70.75% | -83.93% | +13.18% |
Current DrawdownCurrent decline from peak | -2.92% | -9.63% | +6.71% |
Average DrawdownAverage peak-to-trough decline | -10.83% | -32.51% | +21.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 6.24% | -1.31% |
Volatility
KEY.TO vs. ^TNX - Volatility Comparison
Keyera Corp. (KEY.TO) has a higher volatility of 8.00% compared to Treasury Yield 10 Years (^TNX) at 5.21%. This indicates that KEY.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
| KEY.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 5.21% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 18.42% | 11.59% | +6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.45% | 17.01% | +5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 33.36% | -12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 48.25% | -18.08% |
Frequently Asked Questions
KEY.TO and ^TNX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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