LB.TO vs. ^TNX
Compare and contrast key facts about Laurentian Bank of Canada (LB.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: LB.TO or ^TNX.
Correlation
The correlation between LB.TO and ^TNX is 0.13, 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
LB.TO vs. ^TNX - Performance Comparison
Key characteristics
LB.TO:
0.67
^TNX:
0.40
LB.TO:
1.11
^TNX:
0.73
LB.TO:
1.14
^TNX:
1.08
LB.TO:
0.35
^TNX:
0.15
LB.TO:
2.38
^TNX:
0.81
LB.TO:
6.21%
^TNX:
10.41%
LB.TO:
22.06%
^TNX:
21.05%
LB.TO:
-59.10%
^TNX:
-93.78%
LB.TO:
-30.72%
^TNX:
-43.60%
Returns By Period
In the year-to-date period, LB.TO achieves a -2.45% return, which is significantly lower than ^TNX's -1.05% return. Over the past 10 years, LB.TO has underperformed ^TNX with an annualized return of -0.32%, while ^TNX has yielded a comparatively higher 8.42% annualized return.
LB.TO
-2.45%
-2.56%
9.93%
14.49%
-3.34%
-0.32%
^TNX
-1.05%
-5.49%
15.26%
6.05%
23.38%
8.42%
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Risk-Adjusted Performance
LB.TO vs. ^TNX — Risk-Adjusted Performance Rank
LB.TO
^TNX
LB.TO vs. ^TNX - Risk-Adjusted Performance 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.
Drawdowns
LB.TO vs. ^TNX - Drawdown Comparison
The maximum LB.TO drawdown since its inception was -59.10%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for LB.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
LB.TO vs. ^TNX - Volatility Comparison
The current volatility for Laurentian Bank of Canada (LB.TO) is 4.12%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.38%. 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.