LB.TO vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about Laurentian Bank of Canada (LB.TO) and Treasury Yield 10 Years (^TNX).

Performance

LB.TO vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Laurentian Bank of Canada (LB.TO) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

LB.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LB.TO Laurentian Bank of Canada	0.45%	48.25%	11.70%	-9.82%	-15.45%	33.94%	-25.22%	23.86%	-28.54%	2.23%
^TNX Treasury Yield 10 Years	5.06%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Different Trading Currencies

LB.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, LB.TO achieves a 0.45% return, which is significantly lower than ^TNX's 5.06% return. Over the past 10 years, LB.TO has underperformed ^TNX with an annualized return of 3.75%, while ^TNX has yielded a comparatively higher 9.92% annualized return.

LB.TO

• 1D: -1.19%
• 1M: -0.69%
• YTD: 0.45%
• 6M: 23.80%
• 1Y: 55.29%
• 3Y*: 14.51%
• 5Y*: 5.56%
• 10Y*: 3.75%

^TNX

• 1D: 0.05%
• 1M: 8.43%
• YTD: 5.06%
• 6M: 4.89%
• 1Y: 0.97%
• 3Y*: 8.32%
• 5Y*: 23.30%
• 10Y*: 9.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LB.TO vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LB.TO

LB.TO Risk / Return Rank: 97
LB.TO Sharpe Ratio Rank: 93
LB.TO Sortino Ratio Rank: 99
LB.TO Omega Ratio Rank: 99
LB.TO Calmar Ratio Rank: 98
LB.TO Martin Ratio Rank: 99

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LB.TO vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Laurentian Bank of Canada (LB.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.

	LB.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	2.37	0.05	+2.32
Sortino ratio Return per unit of downside risk	5.54	0.21	+5.33
Omega ratio Gain probability vs. loss probability	1.85	1.02	+0.83
Calmar ratio Return relative to maximum drawdown	9.33	-0.12	+9.44
Martin ratio Return relative to average drawdown	39.18	-0.20	+39.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LB.TO vs. ^TNX - Sharpe Ratio Comparison

The current LB.TO Sharpe Ratio is 2.37, which is higher than the ^TNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of LB.TO and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LB.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	0.05	+2.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.69	-0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.14	0.21	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.07	+0.21

Correlation

The correlation between LB.TO and ^TNX is 0.14, 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.

Drawdowns

LB.TO vs. ^TNX - Drawdown Comparison

The maximum LB.TO drawdown since its inception was -56.22%, smaller than the maximum ^TNX drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for LB.TO and ^TNX.

Drawdown Indicators

	LB.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-56.22%	-93.78%	+37.56%
Max Drawdown (1Y) Largest decline over 1 year	-4.65%	-13.99%	+9.34%
Max Drawdown (5Y) Largest decline over 5 years	-41.38%	-31.74%	-9.64%
Max Drawdown (10Y) Largest decline over 10 years	-49.49%	-84.57%	+35.08%
Current Drawdown Current decline from peak	-1.19%	-46.17%	+44.98%
Average Drawdown Average peak-to-trough decline	-18.01%	-51.38%	+33.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.42%	8.39%	-6.97%

Volatility

LB.TO vs. ^TNX - Volatility Comparison

The current volatility for Laurentian Bank of Canada (LB.TO) is 1.68%, while Treasury Yield 10 Years (^TNX) has a volatility of 6.30%. This indicates that LB.TO experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LB.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.68%	6.30%	-4.62%
Volatility (6M) Calculated over the trailing 6-month period	17.89%	11.34%	+6.55%
Volatility (1Y) Calculated over the trailing 1-year period	23.42%	19.20%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.67%	33.89%	-7.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.13%	48.45%	-22.32%