LABS.TO vs. ^TNX
Compare and contrast key facts about MediPharm Labs Corp. (LABS.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LABS.TO or ^TNX.
Correlation
The correlation between LABS.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.
Performance
LABS.TO vs. ^TNX - Performance Comparison
Key characteristics
LABS.TO:
-0.08
^TNX:
0.42
LABS.TO:
0.56
^TNX:
0.76
LABS.TO:
1.07
^TNX:
1.08
LABS.TO:
-0.07
^TNX:
0.16
LABS.TO:
-0.30
^TNX:
0.85
LABS.TO:
24.10%
^TNX:
10.40%
LABS.TO:
90.22%
^TNX:
21.08%
LABS.TO:
-99.23%
^TNX:
-93.78%
LABS.TO:
-99.09%
^TNX:
-43.45%
Returns By Period
In the year-to-date period, LABS.TO achieves a 8.33% return, which is significantly higher than ^TNX's -0.79% return.
LABS.TO
8.33%
-7.14%
-7.14%
-7.14%
-54.03%
N/A
^TNX
-0.79%
-5.54%
18.77%
5.12%
23.49%
8.45%
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Risk-Adjusted Performance
LABS.TO vs. ^TNX — Risk-Adjusted Performance Rank
LABS.TO
^TNX
LABS.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MediPharm Labs Corp. (LABS.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.
Drawdowns
LABS.TO vs. ^TNX - Drawdown Comparison
The maximum LABS.TO drawdown since its inception was -99.23%, which is greater than ^TNX's maximum drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for LABS.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
LABS.TO vs. ^TNX - Volatility Comparison
MediPharm Labs Corp. (LABS.TO) has a higher volatility of 18.73% compared to Treasury Yield 10 Years (^TNX) at 5.02%. This indicates that LABS.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.