^TYX vs. PST
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and ProShares UltraShort 7-10 Year Treasury (PST).
PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or PST.
Key characteristics
| ^TYX | PST | |
|---|---|---|
| YTD Return | 6.97% | 4.20% |
| 1Y Return | -13.15% | -8.96% |
| 3Y Return (Ann) | 27.40% | 13.54% |
| 5Y Return (Ann) | 13.63% | 5.26% |
| 10Y Return (Ann) | 3.68% | -0.24% |
| Sharpe Ratio | -0.69 | -0.47 |
| Sortino Ratio | -0.90 | -0.58 |
| Omega Ratio | 0.90 | 0.94 |
| Calmar Ratio | -0.27 | -0.10 |
| Martin Ratio | -0.96 | -0.71 |
| Ulcer Index | 14.47% | 10.02% |
| Daily Std Dev | 20.27% | 15.10% |
| Max Drawdown | -88.52% | -79.25% |
| Current Drawdown | -47.31% | -66.69% |
Correlation
The correlation between ^TYX and PST is 0.86, 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
^TYX vs. PST - Performance Comparison
In the year-to-date period, ^TYX achieves a 6.97% return, which is significantly higher than PST's 4.20% return. Over the past 10 years, ^TYX has outperformed PST with an annualized return of 3.68%, while PST has yielded a comparatively lower -0.24% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^TYX vs. PST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and ProShares UltraShort 7-10 Year Treasury (PST). 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
^TYX vs. PST - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -88.52%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for ^TYX and PST. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. PST - Volatility Comparison
Treasury Yield 30 Years (^TYX) has a higher volatility of 4.46% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 3.11%. This indicates that ^TYX's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.