^TNX vs. ^TYX
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) and Treasury Yield 30 Years (^TYX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TNX or ^TYX.
Correlation
The correlation between ^TNX and ^TYX is 0.94, 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.
Performance
^TNX vs. ^TYX - Performance Comparison
Key characteristics
^TNX:
0.75
^TYX:
0.95
^TNX:
1.25
^TYX:
1.52
^TNX:
1.14
^TYX:
1.16
^TNX:
0.30
^TYX:
0.35
^TNX:
1.62
^TYX:
2.24
^TNX:
10.31%
^TYX:
8.14%
^TNX:
22.26%
^TYX:
19.32%
^TNX:
-93.78%
^TYX:
-88.52%
^TNX:
-43.61%
^TYX:
-42.20%
Returns By Period
The year-to-date returns for both investments are quite close, with ^TNX having a 17.02% return and ^TYX slightly higher at 17.34%. Over the past 10 years, ^TNX has outperformed ^TYX with an annualized return of 7.22%, while ^TYX has yielded a comparatively lower 5.03% annualized return.
^TNX
17.02%
2.68%
6.27%
16.18%
18.78%
7.22%
^TYX
17.34%
2.70%
7.23%
16.85%
14.71%
5.03%
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Risk-Adjusted Performance
^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.
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.
Volatility
^TNX vs. ^TYX - Volatility Comparison
Treasury Yield 10 Years (^TNX) has a higher volatility of 6.13% compared to Treasury Yield 30 Years (^TYX) at 5.82%. 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.