XAU.TO vs. ^TNX
XAU.TO (Goldmoney Inc.) is a stock, while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, XAU.TO returned -5.09%/yr vs 10.92%/yr for ^TNX. At a correlation of -0.05, 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 49.66% return, which is significantly higher than ^TNX's 9.01% return. Over the past 10 years, XAU.TO has underperformed ^TNX with an annualized return of -5.09%, while ^TNX has yielded a comparatively higher 10.92% annualized return.
XAU.TO
- 1D
- 0.71%
- 1M
- -3.64%
- YTD
- 49.66%
- 6M
- 41.01%
- 1Y
- 89.67%
- 3Y*
- 17.19%
- 5Y*
- 2.20%
- 10Y*
- -5.09%
^TNX
- 1D
- -0.22%
- 1M
- 4.85%
- YTD
- 9.01%
- 6M
- 8.90%
- 1Y
- 3.64%
- 3Y*
- 7.84%
- 5Y*
- 27.02%
- 10Y*
- 10.92%
XAU.TO vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAU.TO Goldmoney Inc. | 49.66% | 35.45% | -1.41% | -7.57% | -14.65% | -19.84% | 32.09% | 9.10% | -72.02% | 91.16% |
^TNX Treasury Yield 10 Years | 9.01% | -13.14% | 28.45% | -2.53% | 174.83% | 63.40% | -53.02% | -32.07% | 21.16% | -7.94% |
Correlation
The correlation between XAU.TO and ^TNX is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 14, 2015 | -0.05 |
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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 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.
| XAU.TO | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.05 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 0.35 | +3.57 |
| Martin ratioReturn relative to average drawdown | 7.42 | 0.69 | +6.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XAU.TO | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 0.26 | +2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.81 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.10 | 0.23 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.05 | -0.03 |
Drawdowns
XAU.TO vs. ^TNX - Drawdown Comparison
The maximum XAU.TO drawdown since its inception was -83.39%, roughly equal to the maximum ^TNX drawdown of -83.97%. 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 | -83.39% | -83.97% | +0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -23.48% | -12.47% | -11.01% |
Max Drawdown (3Y)Largest decline over 3 years | -34.85% | -28.10% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -57.00% | -28.10% | -28.90% |
Max Drawdown (10Y)Largest decline over 10 years | -83.39% | -83.93% | +0.54% |
Current DrawdownCurrent decline from peak | -59.81% | -9.83% | -49.98% |
Average DrawdownAverage peak-to-trough decline | -63.52% | -32.53% | -30.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.37% | 6.24% | +6.13% |
Volatility
XAU.TO vs. ^TNX - Volatility Comparison
The current volatility for Goldmoney Inc. (XAU.TO) is 4.06%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.34%. This indicates that XAU.TO experiences smaller price fluctuations and is considered to be less risky 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 | 4.06% | 5.34% | -1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 29.28% | 11.64% | +17.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 17.05% | +21.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.13% | 33.37% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.98% | 48.25% | +2.73% |
Frequently Asked Questions
XAU.TO and ^TNX have a correlation of -0.10, 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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