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.
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
Key characteristics
TOU.TO:
0.84
^TNX:
0.35
TOU.TO:
1.33
^TNX:
0.65
TOU.TO:
1.15
^TNX:
1.07
TOU.TO:
0.81
^TNX:
0.09
TOU.TO:
3.20
^TNX:
0.68
TOU.TO:
6.77%
^TNX:
10.46%
TOU.TO:
25.77%
^TNX:
20.89%
TOU.TO:
-87.67%
^TNX:
-96.85%
TOU.TO:
-4.56%
^TNX:
-71.32%
Returns By Period
In the year-to-date period, TOU.TO achieves a 0.33% return, which is significantly higher than ^TNX's -0.66% return. Over the past 10 years, TOU.TO has outperformed ^TNX with an annualized return of 10.12%, while ^TNX has yielded a comparatively lower 8.59% annualized return.
TOU.TO
0.33%
-0.07%
20.61%
25.54%
47.62%
10.12%
^TNX
-0.66%
-1.15%
20.03%
12.65%
21.65%
8.59%
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Risk-Adjusted Performance
TOU.TO vs. ^TNX — Risk-Adjusted Performance Rank
TOU.TO
^TNX
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 -96.85%. 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 8.07% compared to Treasury Yield 10 Years (^TNX) at 5.04%. 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.