^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:
-0.23
SPY:
0.54
^TNX:
-0.18
SPY:
0.89
^TNX:
0.98
SPY:
1.13
^TNX:
-0.09
SPY:
0.58
^TNX:
-0.44
SPY:
2.39
^TNX:
11.33%
SPY:
4.51%
^TNX:
21.89%
SPY:
20.07%
^TNX:
-93.78%
SPY:
-55.19%
^TNX:
-45.32%
SPY:
-10.54%
Returns By Period
In the year-to-date period, ^TNX achieves a -4.07% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, ^TNX has underperformed SPY with an annualized return of 8.62%, while SPY has yielded a comparatively higher 11.95% annualized return.
^TNX
-4.07%
1.86%
4.45%
-5.70%
49.31%
8.62%
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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Risk-Adjusted Performance
^TNX vs. SPY — Risk-Adjusted Performance Rank
^TNX
SPY
^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
The current volatility for Treasury Yield 10 Years (^TNX) is 9.28%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that ^TNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.