Correlation
The correlation between ^TYX and TBX is 0.20, 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.
^TYX vs. TBX
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and ProShares Short 7-10 Year Treasury (TBX).
TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or TBX.
Performance
^TYX vs. TBX - Performance Comparison
Loading data...
Key characteristics
^TYX:
0.56
TBX:
0.27
^TYX:
0.94
TBX:
0.50
^TYX:
1.10
TBX:
1.07
^TYX:
0.20
TBX:
0.12
^TYX:
1.59
TBX:
1.02
^TYX:
6.62%
TBX:
2.86%
^TYX:
18.82%
TBX:
9.67%
^TYX:
-88.52%
TBX:
-41.03%
^TYX:
-40.03%
TBX:
-19.65%
Returns By Period
In the year-to-date period, ^TYX achieves a 2.24% return, which is significantly higher than TBX's -1.25% return. Over the past 10 years, ^TYX has outperformed TBX with an annualized return of 4.82%, while TBX has yielded a comparatively lower 0.88% annualized return.
^TYX
2.24%
-0.12%
6.86%
10.95%
14.10%
27.35%
4.82%
TBX
-1.25%
-0.84%
0.06%
2.59%
5.24%
6.05%
0.88%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^TYX vs. TBX — Risk-Adjusted Performance Rank
^TYX
TBX
^TYX vs. TBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and ProShares Short 7-10 Year Treasury (TBX). 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.
Loading data...
Drawdowns
^TYX vs. TBX - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -88.52%, which is greater than TBX's maximum drawdown of -41.03%. Use the drawdown chart below to compare losses from any high point for ^TYX and TBX.
Loading data...
Volatility
^TYX vs. TBX - Volatility Comparison
The current volatility for Treasury Yield 30 Years (^TYX) is 5.31%, while ProShares Short 7-10 Year Treasury (TBX) has a volatility of 6.23%. This indicates that ^TYX experiences smaller price fluctuations and is considered to be less risky than TBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...