^TYX vs. ^TNX

Last updated Apr 3, 2026

Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and Treasury Yield 10 Years (^TNX).

Performance

^TYX vs. ^TNX - Performance Comparison

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

^TYX vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^TYX Treasury Yield 30 Years	1.03%	1.13%	19.08%	1.11%	108.66%	15.74%	-31.10%	-20.89%	10.26%	-10.58%
^TNX Treasury Yield 10 Years	3.60%	-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, ^TYX achieves a 1.03% return, which is significantly lower than ^TNX's 3.60% return. Over the past 10 years, ^TYX has underperformed ^TNX with an annualized return of 6.48%, while ^TNX has yielded a comparatively higher 9.26% annualized return.

^TYX

• 1D: -0.20%
• 1M: 4.00%
• YTD: 1.03%
• 6M: 4.15%
• 1Y: 7.40%
• 3Y*: 10.30%
• 5Y*: 15.88%
• 10Y*: 6.48%

^TNX

• 1D: -0.14%
• 1M: 6.34%
• YTD: 3.60%
• 6M: 5.50%
• 1Y: 2.79%
• 3Y*: 7.93%
• 5Y*: 20.77%
• 10Y*: 9.26%

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

Return for Risk

^TYX vs. ^TNX — Risk / Return Rank

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

^TYX

^TYX Risk / Return Rank: 26
^TYX Sharpe Ratio Rank: 31
^TYX Sortino Ratio Rank: 30
^TYX Omega Ratio Rank: 27
^TYX Calmar Ratio Rank: 21
^TYX Martin Ratio Rank: 21

^TNX

^TNX Risk / Return Rank: 20
^TNX Sharpe Ratio Rank: 20
^TNX Sortino Ratio Rank: 19
^TNX Omega Ratio Rank: 18
^TNX Calmar Ratio Rank: 23
^TNX Martin Ratio Rank: 22

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.

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

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

	^TYX	^TNX	Difference
Sharpe ratio Return per unit of total volatility	0.50	0.16	+0.34
Sortino ratio Return per unit of downside risk	0.84	0.36	+0.48
Omega ratio Gain probability vs. loss probability	1.10	1.04	+0.06
Calmar ratio Return relative to maximum drawdown	0.22	0.27	-0.05
Martin ratio Return relative to average drawdown	0.42	0.45	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^TYX vs. ^TNX - Sharpe Ratio Comparison

The current ^TYX Sharpe Ratio is 0.50, which is higher than the ^TNX Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of ^TYX 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

	^TYX	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	0.16	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.63	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.19	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	-0.02	0.00

Correlation

The correlation between ^TYX and ^TNX 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.

Drawdowns

^TYX vs. ^TNX - Drawdown Comparison

The maximum ^TYX drawdown since its inception was -88.52%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ^TYX and ^TNX.

Drawdown Indicators

	^TYX	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-88.52%	-93.78%	+5.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.83%	-13.99%	+3.16%
Max Drawdown (5Y) Largest decline over 5 years	-30.52%	-31.74%	+1.22%
Max Drawdown (10Y) Largest decline over 10 years	-72.86%	-84.57%	+11.71%
Current Drawdown Current decline from peak	-40.07%	-46.24%	+6.17%
Average Drawdown Average peak-to-trough decline	-46.00%	-51.38%	+5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.65%	8.40%	-2.75%

Volatility

^TYX vs. ^TNX - Volatility Comparison

The current volatility for Treasury Yield 30 Years (^TYX) is 4.22%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.90%. This indicates that ^TYX experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^TYX	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	5.90%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	10.53%	-2.35%
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	17.76%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.35%	32.94%	-7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.22%	48.17%	-14.95%