Correlation
The correlation between ^TYX and VOO is 0.26, 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. VOO
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or VOO.
Performance
^TYX vs. VOO - Performance Comparison
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Key characteristics
^TYX:
0.56
VOO:
0.55
^TYX:
0.94
VOO:
0.96
^TYX:
1.10
VOO:
1.14
^TYX:
0.20
VOO:
0.62
^TYX:
1.59
VOO:
2.35
^TYX:
6.62%
VOO:
4.96%
^TYX:
18.82%
VOO:
19.59%
^TYX:
-88.52%
VOO:
-33.99%
^TYX:
-40.03%
VOO:
-2.20%
Returns By Period
The year-to-date returns for both investments are quite close, with ^TYX having a 2.24% return and VOO slightly higher at 2.31%. Over the past 10 years, ^TYX has underperformed VOO with an annualized return of 4.82%, while VOO has yielded a comparatively higher 12.96% annualized return.
^TYX
2.24%
-0.12%
6.86%
10.95%
14.10%
27.35%
4.82%
VOO
2.31%
0.57%
-0.44%
10.69%
19.39%
15.65%
12.96%
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Risk-Adjusted Performance
^TYX vs. VOO — Risk-Adjusted Performance Rank
^TYX
VOO
^TYX vs. VOO - Risk-Adjusted Performance 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.
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Drawdowns
^TYX vs. VOO - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -88.52%, 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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Volatility
^TYX vs. VOO - Volatility Comparison
Treasury Yield 30 Years (^TYX) has a higher volatility of 5.31% compared to Vanguard S&P 500 ETF (VOO) at 3.75%. This indicates that ^TYX's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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