TOU.TO vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about Tourmaline Oil Corp. (TOU.TO) and Treasury Yield 10 Years (^TNX).

Performance

TOU.TO vs. ^TNX - Performance Comparison

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

TOU.TO vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOU.TO Tourmaline Oil Corp.	4.40%	-2.47%	17.80%	-3.54%	88.19%	147.05%	17.24%	-7.69%	-24.08%	-36.56%
^TNX Treasury Yield 10 Years	5.06%	-13.14%	28.45%	-2.53%	174.83%	63.40%	-53.02%	-32.07%	21.16%	-7.94%

Different Trading Currencies

TOU.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, TOU.TO achieves a 4.40% return, which is significantly lower than ^TNX's 5.06% return. Over the past 10 years, TOU.TO has outperformed ^TNX with an annualized return of 14.50%, while ^TNX has yielded a comparatively lower 9.92% annualized return.

TOU.TO

• 1D: -4.18%
• 1M: 0.06%
• YTD: 4.40%
• 6M: 6.15%
• 1Y: -5.04%
• 3Y*: 10.70%
• 5Y*: 29.73%
• 10Y*: 14.50%

^TNX

• 1D: 0.05%
• 1M: 8.43%
• YTD: 5.06%
• 6M: 4.89%
• 1Y: 0.97%
• 3Y*: 8.32%
• 5Y*: 23.30%
• 10Y*: 9.92%

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

Return for Risk

TOU.TO vs. ^TNX — Risk / Return Rank

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

TOU.TO

TOU.TO Risk / Return Rank: 31
TOU.TO Sharpe Ratio Rank: 32
TOU.TO Sortino Ratio Rank: 27
TOU.TO Omega Ratio Rank: 27
TOU.TO Calmar Ratio Rank: 35
TOU.TO Martin Ratio Rank: 35

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

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.

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

This table presents a comparison of risk-adjusted performance metrics for Tourmaline Oil Corp. (TOU.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.

	TOU.TO	^TNX	Difference
Sharpe ratio Return per unit of total volatility	-0.18	0.05	-0.23
Sortino ratio Return per unit of downside risk	-0.06	0.21	-0.27
Omega ratio Gain probability vs. loss probability	0.99	1.02	-0.03
Calmar ratio Return relative to maximum drawdown	-0.19	-0.12	-0.07
Martin ratio Return relative to average drawdown	-0.34	-0.20	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOU.TO vs. ^TNX - Sharpe Ratio Comparison

The current TOU.TO Sharpe Ratio is -0.18, which is lower than the ^TNX Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of TOU.TO and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TOU.TO	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	0.05	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	0.69	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.21	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.07	+0.24

Correlation

The correlation between TOU.TO and ^TNX is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

TOU.TO vs. ^TNX - Drawdown Comparison

The maximum TOU.TO drawdown since its inception was -87.67%, roughly equal to the maximum ^TNX drawdown of -84.33%. Use the drawdown chart below to compare losses from any high point for TOU.TO and ^TNX.

Drawdown Indicators

	TOU.TO	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-87.67%	-93.78%	+6.11%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	-13.99%	-5.33%
Max Drawdown (5Y) Largest decline over 5 years	-32.50%	-31.74%	-0.76%
Max Drawdown (10Y) Largest decline over 10 years	-81.36%	-84.57%	+3.21%
Current Drawdown Current decline from peak	-8.23%	-46.17%	+37.94%
Average Drawdown Average peak-to-trough decline	-31.46%	-51.38%	+19.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.84%	8.39%	+2.45%

Volatility

TOU.TO vs. ^TNX - Volatility Comparison

Tourmaline Oil Corp. (TOU.TO) has a higher volatility of 11.55% compared to Treasury Yield 10 Years (^TNX) at 6.30%. This indicates that TOU.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

	TOU.TO	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	6.30%	+5.25%
Volatility (6M) Calculated over the trailing 6-month period	18.97%	11.34%	+7.63%
Volatility (1Y) Calculated over the trailing 1-year period	27.89%	19.20%	+8.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.79%	33.89%	-2.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.82%	48.45%	-12.63%