TOU.TO vs. ^TNX
Compare and contrast key facts about Tourmaline Oil Corp. (TOU.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: TOU.TO or ^TNX.
Key characteristics
| TOU.TO | ^TNX | |
|---|---|---|
| YTD Return | 12.59% | 12.67% |
| 1Y Return | 23.36% | 22.74% |
| 3Y Return (Ann) | 44.60% | 38.75% |
| 5Y Return (Ann) | 36.96% | 12.77% |
| 10Y Return (Ann) | 5.89% | 5.65% |
| Sharpe Ratio | 0.80 | 0.96 |
| Daily Std Dev | 25.50% | 25.17% |
| Max Drawdown | -87.67% | -93.78% |
| Current Drawdown | -9.08% | -45.71% |
Correlation
The correlation between TOU.TO and ^TNX is 0.18, 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.
Performance
TOU.TO vs. ^TNX - Performance Comparison
The year-to-date returns for both investments are quite close, with TOU.TO having a 12.59% return and ^TNX slightly higher at 12.67%. Both investments have delivered pretty close results over the past 10 years, with TOU.TO having a 5.89% annualized return and ^TNX not far behind at 5.65%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TOU.TO vs. ^TNX - Risk-Adjusted Performance 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.
Drawdowns
TOU.TO vs. ^TNX - Drawdown Comparison
The maximum TOU.TO drawdown since its inception was -87.67%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for TOU.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
TOU.TO vs. ^TNX - Volatility Comparison
Tourmaline Oil Corp. (TOU.TO) has a higher volatility of 8.54% compared to Treasury Yield 10 Years (^TNX) at 5.12%. 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.