USA.TO vs. ^TNX
USA.TO (Americas Gold and Silver Corporation) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, USA.TO returned -5.05%/yr vs 12.12%/yr for ^TNX. At a correlation of -0.04, they often move in opposite directions.
Performance
USA.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
USA.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, USA.TO achieves a -24.86% return, which is significantly lower than ^TNX's 13.07% return. Over the past 10 years, USA.TO has underperformed ^TNX with an annualized return of -5.05%, while ^TNX has yielded a comparatively higher 12.12% annualized return.
USA.TO
- 1D
- -0.56%
- 1M
- -30.21%
- 6M
- -42.56%
- YTD
- -24.86%
- 1Y
- 109.92%
- 3Y*
- 70.89%
- 5Y*
- 8.99%
- 10Y*
- -5.05%
- ALL TIME*
- -8.08%
^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%
USA.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USA.TO Americas Gold and Silver Corporation | -24.86% | 534.23% | 68.18% | -57.14% | -24.51% | -75.00% | 0.25% | 82.51% | -51.31% | 30.86% |
^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 USA.TO and ^TNX is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2006 | -0.04 |
The correlation between USA.TO and ^TNX shifts across timeframes, from -0.17 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USA.TO vs. ^TNX — Risk / Return Rank
USA.TO
^TNX
USA.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Americas Gold and Silver Corporation (USA.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.
| USA.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.56 | +1.23 |
| Martin ratioReturn relative to average drawdown | 3.94 | 1.23 | +2.71 |
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Drawdowns
USA.TO vs. ^TNX - Drawdown Comparison
The maximum USA.TO drawdown since its inception was -99.04%, which is greater than ^TNX's maximum drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for USA.TO and ^TNX.
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Drawdown Indicators
| USA.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.04% | -89.94% | -9.10% |
Max Drawdown (1Y)Largest decline over 1 year | -61.73% | -10.53% | -51.20% |
Max Drawdown (3Y)Largest decline over 3 years | -61.73% | -28.13% | -33.60% |
Max Drawdown (5Y)Largest decline over 5 years | -84.10% | -28.13% | -55.97% |
Max Drawdown (10Y)Largest decline over 10 years | -95.42% | -83.97% | -11.45% |
Current DrawdownCurrent decline from peak | -90.74% | -6.90% | -83.84% |
Average DrawdownAverage peak-to-trough decline | -76.52% | -44.63% | -31.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.02% | 5.15% | +22.87% |
Volatility
USA.TO vs. ^TNX - Volatility Comparison
Americas Gold and Silver Corporation (USA.TO) has a higher volatility of 21.82% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. This indicates that USA.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
| USA.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.82% | 4.38% | +17.44% |
Volatility (6M)Calculated over the trailing 6-month period | 70.01% | 11.80% | +58.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 89.26% | 15.46% | +73.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.26% | 32.06% | +41.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.30% | 48.34% | +19.96% |
Frequently Asked Questions
USA.TO and ^TNX have a correlation of -0.17, 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 USA.TO and ^TNX
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