Correlation
The correlation between LB.TO and ^TNX is 0.18, 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.
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.
Performance
LB.TO vs. ^TNX - Performance Comparison
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Key characteristics
LB.TO:
1.29
^TNX:
0.06
LB.TO:
2.22
^TNX:
0.02
LB.TO:
1.28
^TNX:
1.00
LB.TO:
0.71
^TNX:
-0.04
LB.TO:
5.16
^TNX:
-0.22
LB.TO:
5.80%
^TNX:
9.58%
LB.TO:
21.31%
^TNX:
22.09%
LB.TO:
-59.10%
^TNX:
-93.78%
LB.TO:
-23.54%
^TNX:
-44.41%
Returns By Period
In the year-to-date period, LB.TO achieves a 7.65% return, which is significantly higher than ^TNX's -2.47% return. Over the past 10 years, LB.TO has underperformed ^TNX with an annualized return of 0.62%, while ^TNX has yielded a comparatively higher 6.38% annualized return.
LB.TO
7.65%
10.61%
5.79%
27.39%
-4.25%
5.51%
0.62%
^TNX
-2.47%
3.19%
5.61%
1.32%
14.68%
40.32%
6.38%
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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.
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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.
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Volatility
LB.TO vs. ^TNX - Volatility Comparison
Laurentian Bank of Canada (LB.TO) has a higher volatility of 6.25% compared to Treasury Yield 10 Years (^TNX) at 5.49%. This indicates that LB.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.
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