PEY.TO vs. ^TNX

Last updated Jun 5, 2026

PEY.TO (Peyto Exploration & Development Corp.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, PEY.TO returned 11.87%/yr vs 10.92%/yr for ^TNX. At a 0.11 correlation, their price movements are largely independent.

Performance

PEY.TO vs. ^TNX - Performance Comparison

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

Different Trading Currencies

PEY.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, PEY.TO achieves a 16.10% return, which is significantly higher than ^TNX's 9.01% return. Over the past 10 years, PEY.TO has outperformed ^TNX with an annualized return of 11.87%, while ^TNX has yielded a comparatively lower 10.92% annualized return.

PEY.TO

• 1D: 0.35%
• 1M: 3.28%
• YTD: 16.10%
• 6M: 14.40%
• 1Y: 42.39%
• 3Y*: 49.55%
• 5Y*: 52.84%
• 10Y*: 11.87%

^TNX

• 1D: -0.22%
• 1M: 4.85%
• YTD: 9.01%
• 6M: 8.90%
• 1Y: 3.64%
• 3Y*: 7.84%
• 5Y*: 27.02%
• 10Y*: 10.92%

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

PEY.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PEY.TO Peyto Exploration & Development Corp.	16.10%	42.86%	65.90%	4.56%	65.64%	271.38%	11.70%	-32.55%	-49.52%	-51.87%
^TNX Treasury Yield 10 Years	9.01%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Correlation

The correlation between PEY.TO and ^TNX is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009	0.11

The correlation between PEY.TO and ^TNX shifts across timeframes, from 0.05 (3 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PEY.TO vs. ^TNX — Risk / Return Rank

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

PEY.TO

PEY.TO Risk / Return Rank: 79
PEY.TO Sharpe Ratio Rank: 83
PEY.TO Sortino Ratio Rank: 78
PEY.TO Omega Ratio Rank: 76
PEY.TO Calmar Ratio Rank: 80
PEY.TO Martin Ratio Rank: 79

^TNX

^TNX Risk / Return Rank: 19
^TNX Sharpe Ratio Rank: 20
^TNX Sortino Ratio Rank: 19
^TNX Omega Ratio Rank: 18
^TNX Calmar Ratio Rank: 20
^TNX Martin Ratio Rank: 19

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.

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

This table presents a comparison of risk-adjusted performance metrics for Peyto Exploration & Development Corp. (PEY.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.

	PEY.TO	^TNX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	0.26	+1.34
Sortino ratio: Return per unit of downside risk	2.16	0.49	+1.67
Omega ratio: Gain probability vs. loss probability	1.27	1.05	+0.21
Calmar ratio: Return relative to maximum drawdown	2.55	0.35	+2.21
Martin ratio: Return relative to average drawdown	6.31	0.69	+5.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEY.TO vs. ^TNX - Sharpe Ratio Comparison

The current PEY.TO Sharpe Ratio is 1.59, which is higher than the ^TNX Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of PEY.TO and ^TNX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PEY.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.26	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.41	0.81	+0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.23	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.05	+0.13

Drawdowns

PEY.TO vs. ^TNX - Drawdown Comparison

The maximum PEY.TO drawdown since its inception was -99.77%, which is greater than ^TNX's maximum drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for PEY.TO and ^TNX.

Drawdown Indicators

	PEY.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-99.77%	-83.97%	-15.80%
Max Drawdown (1Y) Largest decline over 1 year	-16.78%	-12.47%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-23.25%	-28.10%	+4.85%
Max Drawdown (5Y) Largest decline over 5 years	-39.53%	-28.10%	-11.43%
Max Drawdown (10Y) Largest decline over 10 years	-95.75%	-83.93%	-11.82%
Current Drawdown Current decline from peak	-9.80%	-9.83%	+0.03%
Average Drawdown Average peak-to-trough decline	-41.48%	-32.53%	-8.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.77%	6.24%	+0.53%

Volatility

PEY.TO vs. ^TNX - Volatility Comparison

Peyto Exploration & Development Corp. (PEY.TO) has a higher volatility of 8.07% compared to Treasury Yield 10 Years (^TNX) at 5.34%. This indicates that PEY.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.

Volatility by Period

	PEY.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.07%	5.34%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	20.27%	11.64%	+8.63%
Volatility (1Y) Calculated over the trailing 1-year period	26.92%	17.05%	+9.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.50%	33.37%	+4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.55%	48.25%	-4.70%

Frequently Asked Questions

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

PEY.TO and ^TNX have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.