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^TNX vs. ^TYX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^TNX and ^TYX is 0.16, 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.


Performance

^TNX vs. ^TYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Treasury Yield 10 Years (^TNX) and Treasury Yield 30 Years (^TYX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

^TNX:

0.09

^TYX:

0.45

Sortino Ratio

^TNX:

0.19

^TYX:

0.71

Omega Ratio

^TNX:

1.02

^TYX:

1.08

Calmar Ratio

^TNX:

0.01

^TYX:

0.15

Martin Ratio

^TNX:

0.05

^TYX:

0.97

Ulcer Index

^TNX:

10.61%

^TYX:

7.81%

Daily Std Dev

^TNX:

22.06%

^TYX:

19.07%

Max Drawdown

^TNX:

-93.78%

^TYX:

-88.52%

Current Drawdown

^TNX:

-43.56%

^TYX:

-39.72%

Returns By Period

In the year-to-date period, ^TNX achieves a -0.98% return, which is significantly lower than ^TYX's 2.76% return. Over the past 10 years, ^TNX has outperformed ^TYX with an annualized return of 7.38%, while ^TYX has yielded a comparatively lower 4.88% annualized return.


^TNX

YTD

-0.98%

1M

4.74%

6M

2.49%

1Y

3.95%

5Y*

48.12%

10Y*

7.38%

^TYX

YTD

2.76%

1M

2.97%

6M

7.31%

1Y

8.90%

5Y*

29.44%

10Y*

4.88%

*Annualized

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Risk-Adjusted Performance

^TNX vs. ^TYX — Risk-Adjusted Performance Rank

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

^TNX
The Risk-Adjusted Performance Rank of ^TNX is 2424
Overall Rank
The Sharpe Ratio Rank of ^TNX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of ^TNX is 2323
Sortino Ratio Rank
The Omega Ratio Rank of ^TNX is 2323
Omega Ratio Rank
The Calmar Ratio Rank of ^TNX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of ^TNX is 2323
Martin Ratio Rank

^TYX
The Risk-Adjusted Performance Rank of ^TYX is 3838
Overall Rank
The Sharpe Ratio Rank of ^TYX is 4949
Sharpe Ratio Rank
The Sortino Ratio Rank of ^TYX is 4141
Sortino Ratio Rank
The Omega Ratio Rank of ^TYX is 3636
Omega Ratio Rank
The Calmar Ratio Rank of ^TYX is 2929
Calmar Ratio Rank
The Martin Ratio Rank of ^TYX is 3737
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^TNX vs. ^TYX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and Treasury Yield 30 Years (^TYX). 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.


The current ^TNX Sharpe Ratio is 0.09, which is lower than the ^TYX Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of ^TNX and ^TYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Drawdowns

^TNX vs. ^TYX - Drawdown Comparison

The maximum ^TNX drawdown since its inception was -93.78%, which is greater than ^TYX's maximum drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for ^TNX and ^TYX. For additional features, visit the drawdowns tool.


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Volatility

^TNX vs. ^TYX - Volatility Comparison

Treasury Yield 10 Years (^TNX) has a higher volatility of 5.62% compared to Treasury Yield 30 Years (^TYX) at 4.72%. This indicates that ^TNX's price experiences larger fluctuations and is considered to be riskier than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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