Correlation
The correlation between ^FVX and ^TNX is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^FVX vs. ^TNX
Compare and contrast key facts about Treasury Yield 5 Years (^FVX) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^FVX or ^TNX.
Performance
^FVX vs. ^TNX - Performance Comparison
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Key characteristics
^FVX:
-0.47
^TNX:
-0.06
^FVX:
-0.45
^TNX:
0.16
^FVX:
0.95
^TNX:
1.02
^FVX:
-0.18
^TNX:
0.00
^FVX:
-0.74
^TNX:
0.00
^FVX:
13.75%
^TNX:
10.68%
^FVX:
24.52%
^TNX:
22.24%
^FVX:
-97.53%
^TNX:
-93.78%
^FVX:
-48.52%
^TNX:
-44.20%
Returns By Period
In the year-to-date period, ^FVX achieves a -7.19% return, which is significantly lower than ^TNX's -2.10% return. Over the past 10 years, ^FVX has outperformed ^TNX with an annualized return of 10.73%, while ^TNX has yielded a comparatively lower 7.89% annualized return.
^FVX
-7.19%
7.68%
-1.17%
-12.43%
14.27%
67.97%
10.73%
^TNX
-2.10%
7.28%
5.54%
-3.18%
17.74%
47.19%
7.89%
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Risk-Adjusted Performance
^FVX vs. ^TNX — Risk-Adjusted Performance Rank
^FVX
^TNX
^FVX vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 5 Years (^FVX) 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.
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Drawdowns
^FVX vs. ^TNX - Drawdown Comparison
The maximum ^FVX drawdown since its inception was -97.53%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ^FVX and ^TNX.
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Volatility
^FVX vs. ^TNX - Volatility Comparison
Treasury Yield 5 Years (^FVX) has a higher volatility of 7.02% compared to Treasury Yield 10 Years (^TNX) at 5.82%. This indicates that ^FVX'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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