^TYX vs. VOO
^TYX (Treasury Yield 30 Years) is an index, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ^TYX returned 7.35%/yr vs 15.61%/yr for VOO. At a 0.24 correlation, their price movements are largely independent.
Performance
^TYX vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ^TYX achieves a 2.07% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, ^TYX has underperformed VOO with an annualized return of 7.35%, while VOO has yielded a comparatively higher 15.61% annualized return.
^TYX
- 1D
- 0.80%
- 1M
- -2.45%
- YTD
- 2.07%
- 6M
- 2.26%
- 1Y
- 1.71%
- 3Y*
- 8.94%
- 5Y*
- 18.72%
- 10Y*
- 7.35%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
^TYX vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^TYX Treasury Yield 30 Years | 2.07% | 1.13% | 19.08% | 1.11% | 108.66% | 15.74% | -31.10% | -20.89% | 10.26% | -10.58% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between ^TYX and VOO is -0.21, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.24 |
The correlation between ^TYX and VOO shifts across timeframes, from -0.21 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
^TYX vs. VOO — Risk / Return Rank
^TYX
VOO
^TYX vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and Vanguard S&P 500 ETF (VOO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^TYX | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.35 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.67 | -2.49 |
| Martin ratioReturn relative to average drawdown | 0.38 | 11.96 | -11.57 |
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Drawdowns
^TYX vs. VOO - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -93.84%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ^TYX and VOO.
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Drawdown Indicators
| ^TYX | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.84% | -33.99% | -59.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -8.90% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -22.85% | -18.69% | -4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -22.85% | -24.52% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -72.86% | -33.99% | -38.87% |
Current DrawdownCurrent decline from peak | -67.52% | -3.14% | -64.38% |
Average DrawdownAverage peak-to-trough decline | -56.71% | -3.68% | -53.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 1.99% | +2.47% |
Volatility
^TYX vs. VOO - Volatility Comparison
The current volatility for Treasury Yield 30 Years (^TYX) is 2.60%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.83%. This indicates that ^TYX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^TYX | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 4.83% | -2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 9.82% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 12.46% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.17% | 16.91% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.53% | 18.02% | +15.51% |
Frequently Asked Questions
^TYX and VOO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.83%) compared to ^TYX (2.60%). In terms of maximum drawdown, ^TYX dropped -93.84% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.91 vs 0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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