^FVX vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about Treasury Yield 5 Years (^FVX) and Treasury Yield 10 Years (^TNX).

Performance

^FVX vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Treasury Yield 5 Years (^FVX) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

^FVX vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^FVX Treasury Yield 5 Years	6.26%	-15.02%	14.06%	-4.00%	216.71%	249.86%	-78.68%	-32.55%	13.78%	14.06%
^TNX Treasury Yield 10 Years	3.75%	-8.97%	18.29%	-0.34%	156.55%	64.89%	-52.21%	-28.56%	11.68%	-1.68%

Returns By Period

In the year-to-date period, ^FVX achieves a 6.26% return, which is significantly higher than ^TNX's 3.75% return. Over the past 10 years, ^FVX has outperformed ^TNX with an annualized return of 12.28%, while ^TNX has yielded a comparatively lower 9.20% annualized return.

^FVX

• 1D: 0.25%
• 1M: 9.22%
• YTD: 6.26%
• 6M: 7.47%
• 1Y: 1.15%
• 3Y*: 3.08%
• 5Y*: 34.25%
• 10Y*: 12.28%

^TNX

• 1D: 0.19%
• 1M: 6.69%
• YTD: 3.75%
• 6M: 5.19%
• 1Y: 3.92%
• 3Y*: 7.32%
• 5Y*: 20.80%
• 10Y*: 9.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^FVX vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^FVX

^FVX Risk / Return Rank: 16
^FVX Sharpe Ratio Rank: 16
^FVX Sortino Ratio Rank: 17
^FVX Omega Ratio Rank: 17
^FVX Calmar Ratio Rank: 13
^FVX Martin Ratio Rank: 14

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^FVX vs. ^TNX - Risk-Adjusted Trends 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.

	^FVX	^TNX	Difference
Sharpe ratio Return per unit of total volatility	0.05	0.22	-0.17
Sortino ratio Return per unit of downside risk	0.23	0.45	-0.22
Omega ratio Gain probability vs. loss probability	1.03	1.05	-0.02
Calmar ratio Return relative to maximum drawdown	-0.05	0.12	-0.17
Martin ratio Return relative to average drawdown	-0.08	0.21	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^FVX vs. ^TNX - Sharpe Ratio Comparison

The current ^FVX Sharpe Ratio is 0.05, which is lower than the ^TNX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of ^FVX and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^FVX	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	0.22	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.63	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.19	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	-0.02	+0.01

Correlation

The correlation between ^FVX and ^TNX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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.

Drawdown Indicators

	^FVX	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-97.53%	-93.78%	-3.75%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-13.99%	-1.63%
Max Drawdown (5Y) Largest decline over 5 years	-31.36%	-31.74%	+0.38%
Max Drawdown (10Y) Largest decline over 10 years	-93.69%	-84.57%	-9.12%
Current Drawdown Current decline from peak	-49.91%	-46.17%	-3.74%
Average Drawdown Average peak-to-trough decline	-56.58%	-51.38%	-5.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.25%	8.39%	+0.86%

Volatility

^FVX vs. ^TNX - Volatility Comparison

Treasury Yield 5 Years (^FVX) has a higher volatility of 7.46% compared to Treasury Yield 10 Years (^TNX) at 5.89%. 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.

Volatility by Period

	^FVX	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	5.89%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	12.93%	10.58%	+2.35%
Volatility (1Y) Calculated over the trailing 1-year period	21.42%	17.89%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.94%	32.96%	+6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.95%	48.18%	+10.77%