LIF.TO vs. ^TNX
LIF.TO (Labrador Iron Ore Royalty Corporation) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, LIF.TO returned 16.58%/yr vs 12.12%/yr for ^TNX. At a 0.12 correlation, their price movements are largely independent.
Performance
LIF.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
LIF.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, LIF.TO achieves a -12.85% return, which is significantly lower than ^TNX's 13.07% return. Over the past 10 years, LIF.TO has outperformed ^TNX with an annualized return of 16.58%, while ^TNX has yielded a comparatively lower 12.12% annualized return.
LIF.TO
- 1D
- -0.39%
- 1M
- -9.15%
- 6M
- -16.83%
- YTD
- -12.85%
- 1Y
- -2.51%
- 3Y*
- 1.74%
- 5Y*
- -3.70%
- 10Y*
- 16.58%
- ALL TIME*
- 10.96%
^TNX
- 1D
- 1.13%
- 1M
- 2.71%
- 6M
- 9.70%
- YTD
- 13.07%
- 1Y
- 5.88%
- 3Y*
- 8.44%
- 5Y*
- 31.77%
- 10Y*
- 12.12%
- ALL TIME*
- 0.48%
LIF.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LIF.TO Labrador Iron Ore Royalty Corporation | -12.85% | 8.89% | 0.14% | 2.89% | -1.55% | 33.21% | 47.82% | 17.31% | -4.29% | 67.14% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.07% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | 21.07% | -8.33% |
Correlation
The correlation between LIF.TO and ^TNX is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2008 | 0.12 |
The correlation between LIF.TO and ^TNX shifts across timeframes, from -0.21 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LIF.TO vs. ^TNX — Risk / Return Rank
LIF.TO
^TNX
LIF.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Labrador Iron Ore Royalty Corporation (LIF.TO) 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.
| LIF.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.07 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.56 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.36 | 1.23 | -1.59 |
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Drawdowns
LIF.TO vs. ^TNX - Drawdown Comparison
The maximum LIF.TO drawdown since its inception was -76.24%, smaller than the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for LIF.TO and ^TNX.
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Drawdown Indicators
| LIF.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -89.94% | +13.70% |
Max Drawdown (1Y)Largest decline over 1 year | -18.26% | -10.53% | -7.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.26% | -28.13% | +9.87% |
Max Drawdown (5Y)Largest decline over 5 years | -46.48% | -28.13% | -18.35% |
Max Drawdown (10Y)Largest decline over 10 years | -57.86% | -83.97% | +26.11% |
Current DrawdownCurrent decline from peak | -28.16% | -6.90% | -21.26% |
Average DrawdownAverage peak-to-trough decline | -22.88% | -44.63% | +21.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 5.15% | +1.82% |
Volatility
LIF.TO vs. ^TNX - Volatility Comparison
Labrador Iron Ore Royalty Corporation (LIF.TO) has a higher volatility of 5.58% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. This indicates that LIF.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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Volatility by Period
| LIF.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 4.38% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 16.72% | 11.80% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.48% | 15.46% | +5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.12% | 32.06% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.19% | 48.34% | -15.15% |
Frequently Asked Questions
LIF.TO and ^TNX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for LIF.TO and ^TNX
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