KEY.TO vs. ^TNX
KEY.TO (Keyera Corp.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, KEY.TO returned 9.84%/yr vs 12.92%/yr for ^TNX. At a 0.09 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 31.99% return, which is significantly higher than ^TNX's 11.50% return. Over the past 10 years, KEY.TO has underperformed ^TNX with an annualized return of 9.84%, while ^TNX has yielded a comparatively higher 12.92% annualized return.
KEY.TO
- 1D
- -0.82%
- 1M
- 0.52%
- YTD
- 31.99%
- 6M
- 31.99%
- 1Y
- 33.58%
- 3Y*
- 29.43%
- 5Y*
- 17.67%
- 10Y*
- 9.84%
^TNX
- 1D
- 2.39%
- 1M
- 2.96%
- YTD
- 11.50%
- 6M
- 11.50%
- 1Y
- 9.91%
- 3Y*
- 7.90%
- 5Y*
- 28.99%
- 10Y*
- 12.92%
KEY.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KEY.TO Keyera Corp. | 31.99% | 5.09% | 44.62% | 15.15% | 10.48% | 34.75% | -27.27% | 39.64% | -23.29% | -8.60% |
^TNX Cboe 10-Year Treasury Note Yield Index | 11.50% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | 21.07% | -8.33% |
Correlation
The correlation between KEY.TO and ^TNX is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2006 | 0.09 |
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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 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.
| KEY.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.11 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 0.84 | +1.62 |
| Martin ratioReturn relative to average drawdown | 6.88 | 1.70 | +5.18 |
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Drawdowns
KEY.TO vs. ^TNX - Drawdown Comparison
The maximum KEY.TO drawdown since its inception was -72.62%, smaller than the maximum ^TNX drawdown of -89.94%. 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 | -72.62% | -89.94% | +17.32% |
Max Drawdown (1Y)Largest decline over 1 year | -13.72% | -11.93% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -28.13% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -28.13% | +8.03% |
Max Drawdown (10Y)Largest decline over 10 years | -71.31% | -83.97% | +12.66% |
Current DrawdownCurrent decline from peak | -2.73% | -8.19% | +5.46% |
Average DrawdownAverage peak-to-trough decline | -10.87% | -44.72% | +33.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 5.87% | -0.90% |
Volatility
KEY.TO vs. ^TNX - Volatility Comparison
Keyera Corp. (KEY.TO) has a higher volatility of 5.44% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.74%. 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 | 5.44% | 4.74% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 18.39% | 11.80% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.08% | 15.70% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.99% | 32.76% | -11.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.12% | 48.52% | -18.40% |
Frequently Asked Questions
KEY.TO and ^TNX have a correlation of 0.07, 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 KEY.TO and ^TNX
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