SVM.TO vs. ^TNX
SVM.TO (Silvercorp Metals Inc.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, SVM.TO returned 14.05%/yr vs 12.12%/yr for ^TNX. At a correlation of -0.09, they often move in opposite directions.
Performance
SVM.TO vs. ^TNX - Performance Comparison
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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 9.26% return, which is significantly lower than ^TNX's 13.07% return. Over the past 10 years, SVM.TO has outperformed ^TNX with an annualized return of 14.05%, while ^TNX has yielded a comparatively lower 12.12% annualized return.
SVM.TO
- 1D
- 0.08%
- 1M
- -20.70%
- 6M
- -24.26%
- YTD
- 9.26%
- 1Y
- 106.31%
- 3Y*
- 46.23%
- 5Y*
- 16.25%
- 10Y*
- 14.05%
- ALL TIME*
- 6.23%
^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%
SVM.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SVM.TO Silvercorp Metals Inc. | 9.26% | 166.97% | 26.11% | -12.51% | -15.13% | -44.20% | 16.64% | 159.17% | -12.38% | 5.45% |
^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 SVM.TO and ^TNX is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | -0.09 |
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Return for Risk
SVM.TO vs. ^TNX — Risk / Return Rank
SVM.TO
^TNX
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 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.
| SVM.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 0.56 | +1.97 |
| Martin ratioReturn relative to average drawdown | 6.57 | 1.23 | +5.34 |
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Drawdowns
SVM.TO vs. ^TNX - Drawdown Comparison
The maximum SVM.TO drawdown since its inception was -95.62%, which is greater than ^TNX's maximum drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for SVM.TO and ^TNX.
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Drawdown Indicators
| SVM.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.62% | -89.94% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -42.27% | -10.53% | -31.74% |
Max Drawdown (3Y)Largest decline over 3 years | -42.27% | -28.13% | -14.14% |
Max Drawdown (5Y)Largest decline over 5 years | -54.71% | -28.13% | -26.58% |
Max Drawdown (10Y)Largest decline over 10 years | -75.04% | -83.97% | +8.93% |
Current DrawdownCurrent decline from peak | -41.72% | -6.90% | -34.82% |
Average DrawdownAverage peak-to-trough decline | -57.64% | -44.63% | -13.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.25% | 5.15% | +11.10% |
Volatility
SVM.TO vs. ^TNX - Volatility Comparison
Silvercorp Metals Inc. (SVM.TO) has a higher volatility of 14.93% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. 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.
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Volatility by Period
| SVM.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.93% | 4.38% | +10.55% |
Volatility (6M)Calculated over the trailing 6-month period | 55.05% | 11.80% | +43.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.78% | 15.46% | +52.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.25% | 32.06% | +21.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.38% | 48.34% | +11.04% |
Frequently Asked Questions
SVM.TO and ^TNX have a correlation of -0.14, 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 SVM.TO and ^TNX
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