WDO.TO vs. ^TNX
WDO.TO (Wesdome Gold Mines Ltd.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, WDO.TO returned 29.18%/yr vs 12.54%/yr for ^TNX. At a correlation of -0.11, they often move in opposite directions.
Performance
WDO.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
WDO.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, WDO.TO achieves a 15.52% return, which is significantly higher than ^TNX's 13.50% return. Over the past 10 years, WDO.TO has outperformed ^TNX with an annualized return of 29.18%, while ^TNX has yielded a comparatively lower 12.54% annualized return.
WDO.TO
- 1D
- -2.45%
- 1M
- 6.83%
- 6M
- 6.83%
- YTD
- 15.52%
- 1Y
- 44.42%
- 3Y*
- 57.61%
- 5Y*
- 16.54%
- 10Y*
- 29.18%
^TNX
- 1D
- 0.63%
- 1M
- 3.96%
- 6M
- 11.90%
- YTD
- 13.50%
- 1Y
- 7.13%
- 3Y*
- 6.99%
- 5Y*
- 30.67%
- 10Y*
- 12.54%
WDO.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDO.TO Wesdome Gold Mines Ltd. | 15.52% | 76.14% | 67.44% | 3.07% | -35.01% | 8.38% | 4.42% | 129.57% | 109.95% | 0.96% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.50% | -13.12% | 28.30% | -2.71% | 172.80% | 64.80% | -53.35% | -31.50% | 21.07% | -8.33% |
Correlation
The correlation between WDO.TO and ^TNX is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2006 | -0.11 |
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Return for Risk
WDO.TO vs. ^TNX — Risk / Return Rank
WDO.TO
^TNX
WDO.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wesdome Gold Mines Ltd. (WDO.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.
| WDO.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.74 | +1.07 |
| Martin ratioReturn relative to average drawdown | 4.16 | 1.50 | +2.65 |
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Drawdowns
WDO.TO vs. ^TNX - Drawdown Comparison
The maximum WDO.TO drawdown since its inception was -89.14%, roughly equal to the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for WDO.TO and ^TNX.
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Drawdown Indicators
| WDO.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.14% | -89.94% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -25.42% | -11.93% | -13.49% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -28.13% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -62.68% | -28.13% | -34.55% |
Max Drawdown (10Y)Largest decline over 10 years | -62.68% | -83.97% | +21.29% |
Current DrawdownCurrent decline from peak | -15.15% | -6.54% | -8.61% |
Average DrawdownAverage peak-to-trough decline | -35.24% | -44.67% | +9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.10% | 5.88% | +5.22% |
Volatility
WDO.TO vs. ^TNX - Volatility Comparison
Wesdome Gold Mines Ltd. (WDO.TO) has a higher volatility of 19.24% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.37%. This indicates that WDO.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
| WDO.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.24% | 4.37% | +14.87% |
Volatility (6M)Calculated over the trailing 6-month period | 44.00% | 11.72% | +32.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.51% | 15.44% | +39.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.49% | 32.48% | +16.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.24% | 48.41% | +4.83% |
Frequently Asked Questions
WDO.TO and ^TNX have a correlation of -0.16, 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 WDO.TO and ^TNX
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