KMB vs. ^TNX
KMB (Kimberly-Clark Corporation) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, KMB returned 1.07%/yr vs 11.05%/yr for ^TNX. At a correlation of -0.02, they often move in opposite directions.
Performance
KMB vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, KMB achieves a 8.36% return, which is significantly lower than ^TNX's 9.18% return. Over the past 10 years, KMB has underperformed ^TNX with an annualized return of 1.07%, while ^TNX has yielded a comparatively higher 11.05% annualized return.
KMB
- 1D
- -0.27%
- 1M
- 3.29%
- 6M
- 10.26%
- YTD
- 8.36%
- 1Y
- -11.84%
- 3Y*
- -3.82%
- 5Y*
- -1.41%
- 10Y*
- 1.07%
^TNX
- 1D
- -0.87%
- 1M
- 1.70%
- 6M
- 9.78%
- YTD
- 9.18%
- 1Y
- 1.25%
- 3Y*
- 5.97%
- 5Y*
- 28.45%
- 10Y*
- 11.05%
KMB vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMB Kimberly-Clark Corporation | 8.36% | -19.86% | 11.79% | -7.08% | -1.58% | 9.66% | 0.95% | 24.57% | -2.06% | 9.04% |
^TNX Cboe 10-Year Treasury Note Yield Index | 9.18% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | -1.68% |
Correlation
The correlation between KMB and ^TNX is -0.26, 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 | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 1984 | -0.02 |
Over the past year, the inverse relationship between KMB and ^TNX has strengthened: their correlation has moved from -0.02 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
KMB vs. ^TNX — Risk / Return Rank
KMB
^TNX
KMB vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kimberly-Clark Corporation (KMB) 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.
| KMB | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.03 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 0.11 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.59 | 0.20 | -0.79 |
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Drawdowns
KMB vs. ^TNX - Drawdown Comparison
The maximum KMB drawdown since its inception was -36.97%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for KMB and ^TNX.
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Drawdown Indicators
| KMB | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -96.85% | +59.88% |
Max Drawdown (1Y)Largest decline over 1 year | -29.60% | -11.43% | -18.17% |
Max Drawdown (3Y)Largest decline over 3 years | -34.06% | -27.41% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -34.06% | -27.41% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -34.06% | -84.57% | +50.51% |
Current DrawdownCurrent decline from peak | -23.48% | -71.31% | +47.83% |
Average DrawdownAverage peak-to-trough decline | -8.87% | -55.03% | +46.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.02% | 6.65% | +13.37% |
Volatility
KMB vs. ^TNX - Volatility Comparison
Kimberly-Clark Corporation (KMB) has a higher volatility of 9.24% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.00%. This indicates that KMB'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
| KMB | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.24% | 4.00% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 18.43% | 11.02% | +7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.87% | 15.02% | +11.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.56% | 31.70% | -11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 47.66% | -26.45% |
Frequently Asked Questions
KMB and ^TNX have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMB has higher volatility (9.24%) compared to ^TNX (4.00%). In terms of maximum drawdown, KMB dropped -36.97% vs ^TNX's -96.85%.
^TNX currently has the higher Sharpe Ratio (0.08 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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