MAG.TO vs. ^TNX

Last updated Jun 3, 2026

MAG.TO (MAG Silver Corp.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. At a correlation of -0.14, they often move in opposite directions.

Performance

MAG.TO vs. ^TNX - Performance Comparison

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

Different Trading Currencies

MAG.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

MAG.TO

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^TNX

• 1D: 1.22%
• 1M: 3.03%
• YTD: 9.25%
• 6M: 10.27%
• 1Y: 1.99%
• 3Y*: 8.00%
• 5Y*: 27.08%
• 10Y*: 10.97%

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

MAG.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAG.TO MAG Silver Corp.	0.00%	79.92%	41.62%	-34.80%	6.66%	-23.91%	69.88%	53.40%	-35.57%	5.01%
^TNX Treasury Yield 10 Years	9.25%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Correlation

The correlation between MAG.TO and ^TNX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.13
Correlation (5Y) Calculated over the trailing 5-year period	-0.20
Correlation (10Y) Calculated over the trailing 10-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	-0.14

The correlation between MAG.TO and ^TNX shifts across timeframes, from -0.20 (10 years) to -0.06 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MAG.TO vs. ^TNX — Risk / Return Rank

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

^TNX

^TNX Risk / Return Rank: 12
^TNX Sharpe Ratio Rank: 12
^TNX Sortino Ratio Rank: 11
^TNX Omega Ratio Rank: 11
^TNX Calmar Ratio Rank: 12
^TNX Martin Ratio Rank: 12

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.

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

This table presents a comparison of risk-adjusted performance metrics for MAG Silver Corp. (MAG.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MAG.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.05	—

Drawdowns

Drawdown Indicators

	MAG.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	—	-83.97%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-83.93%	—
Current Drawdown Current decline from peak	—	-9.63%	—
Average Drawdown Average peak-to-trough decline	—	-32.52%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.24%	—

Volatility

Volatility by Period

	MAG.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	17.01%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	33.42%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	48.26%	—

Frequently Asked Questions

Can I hold both MAG.TO and ^TNX in my portfolio?

MAG.TO and ^TNX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.