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 30.05%/yr vs 12.67%/yr for ^TNX. Their -0.11 correlation means they have often moved in opposite directions in the past.
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 14.38% return, which is significantly lower than ^TNX's 16.61% return. Over the past 10 years, WDO.TO has outperformed ^TNX with an annualized return of 30.05%, while ^TNX has yielded a comparatively lower 12.67% annualized return.
WDO.TO
- 1D
- -3.09%
- 1M
- 6.82%
- 6M
- 16.69%
- YTD
- 14.38%
- 1Y
- 57.64%
- 3Y*
- 56.09%
- 5Y*
- 15.56%
- 10Y*
- 30.05%
- ALL TIME*
- 13.78%
^TNX
- 1D
- 1.58%
- 1M
- 4.59%
- 6M
- 16.19%
- YTD
- 16.61%
- 1Y
- 10.29%
- 3Y*
- 7.55%
- 5Y*
- 33.94%
- 10Y*
- 12.67%
- ALL TIME*
- 0.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| CA$0.00 | CA$0.00 | CA$0.00 | |
WDO.TO Wesdome Gold Mines Ltd. | CA$10.70M | CA$14.59M | CA$18.65M |
WDO.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WDO.TO Wesdome Gold Mines Ltd. | 14.38% | 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 | 16.61% | -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 have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | -0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 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 | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.12 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 1.06 | +1.22 |
| Martin ratioReturn relative to average drawdown | 4.94 | 2.45 | +2.49 |
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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% | -9.80% | -15.62% |
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 | -15.99% | -3.97% | -12.02% |
Average DrawdownAverage peak-to-trough decline | -35.28% | -44.57% | +9.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.70% | 4.47% | +7.23% |
Volatility
WDO.TO vs. ^TNX - Volatility Comparison
Wesdome Gold Mines Ltd. (WDO.TO) has a higher volatility of 15.67% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 3.87%. 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 | 15.67% | 3.87% | +11.80% |
Volatility (6M)Calculated over the trailing 6-month period | 43.22% | 11.63% | +31.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.07% | 15.28% | +39.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.64% | 31.87% | +16.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.18% | 48.29% | +4.89% |
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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