OLA.TO vs. ^TNX
Compare and contrast key facts about Orla Mining Ltd. (OLA.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: OLA.TO or ^TNX.
Correlation
The correlation between OLA.TO and ^TNX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
OLA.TO vs. ^TNX - Performance Comparison
Key characteristics
OLA.TO:
2.49
^TNX:
0.23
OLA.TO:
2.97
^TNX:
0.48
OLA.TO:
1.37
^TNX:
1.05
OLA.TO:
2.78
^TNX:
0.09
OLA.TO:
14.19
^TNX:
0.46
OLA.TO:
7.75%
^TNX:
10.44%
OLA.TO:
44.16%
^TNX:
21.08%
OLA.TO:
-97.30%
^TNX:
-93.78%
OLA.TO:
-2.23%
^TNX:
-43.91%
Returns By Period
In the year-to-date period, OLA.TO achieves a 26.88% return, which is significantly higher than ^TNX's -1.60% return. Over the past 10 years, OLA.TO has outperformed ^TNX with an annualized return of 78.56%, while ^TNX has yielded a comparatively lower 8.16% annualized return.
OLA.TO
26.88%
18.13%
77.19%
107.39%
31.86%
78.56%
^TNX
-1.60%
-1.62%
16.52%
4.05%
25.15%
8.16%
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Risk-Adjusted Performance
OLA.TO vs. ^TNX — Risk-Adjusted Performance Rank
OLA.TO
^TNX
OLA.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Orla Mining Ltd. (OLA.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
OLA.TO vs. ^TNX - Drawdown Comparison
The maximum OLA.TO drawdown since its inception was -97.30%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for OLA.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
OLA.TO vs. ^TNX - Volatility Comparison
Orla Mining Ltd. (OLA.TO) has a higher volatility of 12.44% compared to Treasury Yield 10 Years (^TNX) at 5.68%. This indicates that OLA.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.