SVM.TO vs. ^TNX

Last updated Jun 4, 2026

SVM.TO (Silvercorp Metals Inc.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, SVM.TO returned 22.39%/yr vs 10.97%/yr for ^TNX. At a correlation of -0.14, they often move in opposite directions.

Performance

SVM.TO vs. ^TNX - Performance Comparison

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

Different Trading Currencies

SVM.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, SVM.TO achieves a 48.17% return, which is significantly higher than ^TNX's 9.25% return. Over the past 10 years, SVM.TO has outperformed ^TNX with an annualized return of 22.39%, while ^TNX has yielded a comparatively lower 10.97% annualized return.

SVM.TO

• 1D: -6.79%
• 1M: 2.59%
• YTD: 48.17%
• 6M: 53.24%
• 1Y: 198.77%
• 3Y*: 60.98%
• 5Y*: 18.53%
• 10Y*: 22.39%

^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)

SVM.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SVM.TO Silvercorp Metals Inc.	48.17%	166.98%	26.12%	-11.97%	-15.13%	-44.15%	16.64%	159.39%	-12.14%	5.46%
^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 SVM.TO and ^TNX is -0.12, 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	-0.12
Correlation (3Y) Calculated over the trailing 3-year period	-0.14
Correlation (5Y) Calculated over the trailing 5-year period	-0.17
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

Return for Risk

SVM.TO vs. ^TNX — Risk / Return Rank

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

SVM.TO

SVM.TO Risk / Return Rank: 91
SVM.TO Sharpe Ratio Rank: 95
SVM.TO Sortino Ratio Rank: 88
SVM.TO Omega Ratio Rank: 88
SVM.TO Calmar Ratio Rank: 93
SVM.TO Martin Ratio Rank: 94

^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.

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

This table presents a comparison of risk-adjusted performance metrics for Silvercorp Metals Inc. (SVM.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.

	SVM.TO	^TNX	Difference
Sharpe ratio: Return per unit of total volatility	3.10	0.12	+2.98
Sortino ratio: Return per unit of downside risk	3.00	0.29	+2.71
Omega ratio: Gain probability vs. loss probability	1.40	1.03	+0.37
Calmar ratio: Return relative to maximum drawdown	5.89	0.16	+5.73
Martin ratio: Return relative to average drawdown	16.82	0.32	+16.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SVM.TO vs. ^TNX - Sharpe Ratio Comparison

The current SVM.TO Sharpe Ratio is 3.10, which is higher than the ^TNX Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of SVM.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

	SVM.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.10	0.12	+2.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.82	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	0.23	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.05	-0.05

Drawdowns

SVM.TO vs. ^TNX - Drawdown Comparison

The maximum SVM.TO drawdown since its inception was -99.62%, which is greater than ^TNX's maximum drawdown of -83.97%. Use the drawdown chart below to compare losses from any high point for SVM.TO and ^TNX.

Drawdown Indicators

	SVM.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-99.62%	-83.97%	-15.65%
Max Drawdown (1Y) Largest decline over 1 year	-33.97%	-12.47%	-21.50%
Max Drawdown (3Y) Largest decline over 3 years	-39.76%	-28.10%	-11.66%
Max Drawdown (5Y) Largest decline over 5 years	-63.97%	-28.10%	-35.87%
Max Drawdown (10Y) Largest decline over 10 years	-75.02%	-83.93%	+8.91%
Current Drawdown Current decline from peak	-20.96%	-9.63%	-11.33%
Average Drawdown Average peak-to-trough decline	-62.88%	-32.52%	-30.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.87%	6.24%	+5.63%

Volatility

SVM.TO vs. ^TNX - Volatility Comparison

Silvercorp Metals Inc. (SVM.TO) has a higher volatility of 23.20% compared to Treasury Yield 10 Years (^TNX) at 5.28%. This indicates that SVM.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

	SVM.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.20%	5.28%	+17.92%
Volatility (6M) Calculated over the trailing 6-month period	51.35%	11.60%	+39.75%
Volatility (1Y) Calculated over the trailing 1-year period	64.62%	17.01%	+47.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.04%	33.42%	+18.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.44%	48.26%	+11.18%

Frequently Asked Questions

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

SVM.TO and ^TNX have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.