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 2.06%/yr vs 11.33%/yr for ^TNX. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
KMB vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, KMB achieves a 13.49% return, which is significantly higher than ^TNX's 11.15% return. Over the past 10 years, KMB has underperformed ^TNX with an annualized return of 2.06%, while ^TNX has yielded a comparatively higher 11.33% annualized return.
KMB
- 1D
- 3.73%
- 1M
- -2.75%
- 6M
- 13.62%
- YTD
- 13.49%
- 1Y
- -12.10%
- 3Y*
- -0.48%
- 5Y*
- 0.25%
- 10Y*
- 2.06%
- ALL TIME*
- 10.95%
^TNX
- 1D
- -1.26%
- 1M
- 3.17%
- 6M
- 8.26%
- YTD
- 11.15%
- 1Y
- 10.17%
- 3Y*
- 4.45%
- 5Y*
- 30.62%
- 10Y*
- 11.33%
- ALL TIME*
- -0.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $449.61M | $431.76M | $467.83M |
KMB vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KMB Kimberly-Clark Corporation | 13.49% | -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 | 11.15% | -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 -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.25 |
Correlation (3Y) Balances recent behavior with more history. | -0.20 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 -0.25, 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 | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.12 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.14 | -1.55 |
| Martin ratioReturn relative to average drawdown | -0.60 | 2.35 | -2.94 |
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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% | -8.94% | -20.66% |
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 | -19.86% | -70.79% | +50.93% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -55.04% | +46.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.36% | 4.34% | +16.02% |
Volatility
KMB vs. ^TNX - Volatility Comparison
Kimberly-Clark Corporation (KMB) has a higher volatility of 8.86% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.21%. 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 | 8.86% | 4.21% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 19.00% | 11.18% | +7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.03% | 14.63% | +12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 31.16% | -10.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.29% | 47.60% | -26.31% |
Frequently Asked Questions
KMB and ^TNX have a correlation of -0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMB has higher volatility (8.86%) compared to ^TNX (4.21%). In terms of maximum drawdown, KMB dropped -36.97% vs ^TNX's -96.85%.
^TNX currently has the higher Sharpe Ratio (0.70 vs -0.45), 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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