^TNX vs. SPY
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TNX or SPY.
Correlation
The correlation between ^TNX and SPY 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.
Performance
^TNX vs. SPY - Performance Comparison
Key characteristics
^TNX:
0.75
SPY:
2.21
^TNX:
1.25
SPY:
2.93
^TNX:
1.14
SPY:
1.41
^TNX:
0.30
SPY:
3.26
^TNX:
1.62
SPY:
14.43
^TNX:
10.31%
SPY:
1.90%
^TNX:
22.26%
SPY:
12.41%
^TNX:
-93.78%
SPY:
-55.19%
^TNX:
-43.61%
SPY:
-2.74%
Returns By Period
In the year-to-date period, ^TNX achieves a 17.02% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, ^TNX has underperformed SPY with an annualized return of 7.22%, while SPY has yielded a comparatively higher 12.97% annualized return.
^TNX
17.02%
2.68%
6.27%
16.18%
18.78%
7.22%
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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Risk-Adjusted Performance
^TNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and SPDR S&P 500 ETF (SPY). 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. SPY - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^TNX and SPY. For additional features, visit the drawdowns tool.
Volatility
^TNX vs. SPY - Volatility Comparison
Treasury Yield 10 Years (^TNX) has a higher volatility of 6.15% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that ^TNX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.