^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.
Correlation
The correlation between ^TYX and TBX is 0.79, 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. TBX - Performance Comparison
Key characteristics
^TYX:
0.56
TBX:
1.08
^TYX:
0.96
TBX:
1.65
^TYX:
1.10
TBX:
1.19
^TYX:
0.20
TBX:
0.30
^TYX:
1.30
TBX:
2.79
^TYX:
8.14%
TBX:
2.73%
^TYX:
18.94%
TBX:
7.06%
^TYX:
-88.52%
TBX:
-41.03%
^TYX:
-40.63%
TBX:
-18.55%
Returns By Period
In the year-to-date period, ^TYX achieves a 1.21% return, which is significantly higher than TBX's 0.10% return. Over the past 10 years, ^TYX has outperformed TBX with an annualized return of 6.94%, while TBX has yielded a comparatively lower 1.18% annualized return.
^TYX
1.21%
5.79%
9.94%
12.34%
15.79%
6.94%
TBX
0.10%
1.43%
4.36%
7.22%
4.30%
1.18%
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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.
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. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. TBX - Volatility Comparison
Treasury Yield 30 Years (^TYX) has a higher volatility of 4.03% compared to ProShares Short 7-10 Year Treasury (TBX) at 1.81%. This indicates that ^TYX's price experiences larger fluctuations and is considered to be riskier than TBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.