XAU.TO vs. ^TNX
XAU.TO (Goldmoney Inc.) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, XAU.TO returned -4.23%/yr vs 12.12%/yr for ^TNX. At a correlation of -0.03, they often move in opposite directions.
Performance
XAU.TO vs. ^TNX - Performance Comparison
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Different Trading Currencies
XAU.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, XAU.TO achieves a 39.31% return, which is significantly higher than ^TNX's 13.07% return. Over the past 10 years, XAU.TO has underperformed ^TNX with an annualized return of -4.23%, while ^TNX has yielded a comparatively higher 12.12% annualized return.
XAU.TO
- 1D
- -0.14%
- 1M
- -5.40%
- 6M
- 38.78%
- YTD
- 39.31%
- 1Y
- 66.06%
- 3Y*
- 14.30%
- 5Y*
- 1.11%
- 10Y*
- -4.23%
- ALL TIME*
- 1.72%
^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%
XAU.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAU.TO Goldmoney Inc. | 39.31% | 35.45% | -1.41% | -7.57% | -14.65% | -19.84% | 32.09% | 8.80% | -71.46% | 91.17% |
^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 XAU.TO and ^TNX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 13, 2015 | -0.03 |
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Return for Risk
XAU.TO vs. ^TNX — Risk / Return Rank
XAU.TO
^TNX
XAU.TO vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldmoney Inc. (XAU.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.
| XAU.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.07 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.74 | 0.56 | +2.18 |
| Martin ratioReturn relative to average drawdown | 4.62 | 1.23 | +3.39 |
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Drawdowns
XAU.TO vs. ^TNX - Drawdown Comparison
The maximum XAU.TO drawdown since its inception was -83.11%, smaller than the maximum ^TNX drawdown of -89.94%. Use the drawdown chart below to compare losses from any high point for XAU.TO and ^TNX.
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Drawdown Indicators
| XAU.TO | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.11% | -89.94% | +6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -24.24% | -10.53% | -13.71% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | -28.13% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -55.97% | -28.13% | -27.84% |
Max Drawdown (10Y)Largest decline over 10 years | -83.11% | -83.97% | +0.86% |
Current DrawdownCurrent decline from peak | -61.94% | -6.90% | -55.04% |
Average DrawdownAverage peak-to-trough decline | -63.16% | -44.63% | -18.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.34% | 5.15% | +9.19% |
Volatility
XAU.TO vs. ^TNX - Volatility Comparison
Goldmoney Inc. (XAU.TO) has a higher volatility of 14.73% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 4.38%. This indicates that XAU.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
| XAU.TO | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 4.38% | +10.35% |
Volatility (6M)Calculated over the trailing 6-month period | 31.94% | 11.80% | +20.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.14% | 15.46% | +25.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.41% | 32.06% | +5.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.94% | 48.34% | +2.60% |
Frequently Asked Questions
XAU.TO and ^TNX have a correlation of -0.08, 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 XAU.TO and ^TNX
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