AKBTY vs. ^TNX
AKBTY (Akbank Turk Anonim Sirketi) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, AKBTY returned -1.45%/yr vs 11.29%/yr for ^TNX. At a 0.05 correlation, their price movements are largely independent.
Performance
AKBTY vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, AKBTY achieves a -7.23% return, which is significantly lower than ^TNX's 9.08% return. Over the past 10 years, AKBTY has underperformed ^TNX with an annualized return of -1.45%, while ^TNX has yielded a comparatively higher 11.29% annualized return.
AKBTY
- 1D
- -0.68%
- 1M
- -11.01%
- 6M
- -11.61%
- YTD
- -7.23%
- 1Y
- -9.06%
- 3Y*
- 23.38%
- 5Y*
- 23.80%
- 10Y*
- -1.45%
^TNX
- 1D
- -0.61%
- 1M
- 1.75%
- 6M
- 7.33%
- YTD
- 9.08%
- 1Y
- 1.75%
- 3Y*
- 6.22%
- 5Y*
- 28.42%
- 10Y*
- 11.29%
AKBTY vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AKBTY Akbank Turk Anonim Sirketi | -7.23% | -11.64% | 57.71% | 34.15% | 101.22% | -43.80% | -29.89% | 24.48% | -50.43% | 20.56% |
^TNX Cboe 10-Year Treasury Note Yield Index | 9.08% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | -1.68% |
Correlation
The correlation between AKBTY and ^TNX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.05 |
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Return for Risk
AKBTY vs. ^TNX — Risk / Return Rank
AKBTY
^TNX
AKBTY vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Akbank Turk Anonim Sirketi (AKBTY) and Cboe 10-Year Treasury Note Yield Index (^TNX). 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.
| AKBTY | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.03 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 0.16 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.50 | 0.31 | -0.81 |
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Drawdowns
AKBTY vs. ^TNX - Drawdown Comparison
The maximum AKBTY drawdown since its inception was -82.01%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for AKBTY and ^TNX.
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Drawdown Indicators
| AKBTY | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.01% | -96.85% | +14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -33.24% | -10.81% | -22.43% |
Max Drawdown (3Y)Largest decline over 3 years | -40.42% | -27.41% | -13.01% |
Max Drawdown (5Y)Largest decline over 5 years | -40.42% | -27.41% | -13.01% |
Max Drawdown (10Y)Largest decline over 10 years | -82.01% | -84.57% | +2.56% |
Current DrawdownCurrent decline from peak | -29.33% | -71.33% | +42.00% |
Average DrawdownAverage peak-to-trough decline | -42.78% | -55.03% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.17% | 6.22% | +11.95% |
Volatility
AKBTY vs. ^TNX - Volatility Comparison
Akbank Turk Anonim Sirketi (AKBTY) has a higher volatility of 15.19% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 3.93%. This indicates that AKBTY's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AKBTY | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.19% | 3.93% | +11.26% |
Volatility (6M)Calculated over the trailing 6-month period | 50.91% | 11.01% | +39.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.67% | 14.96% | +51.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.31% | 31.69% | +33.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.58% | 47.65% | +9.93% |
Frequently Asked Questions
AKBTY and ^TNX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AKBTY has higher volatility (15.19%) compared to ^TNX (3.93%). In terms of maximum drawdown, AKBTY dropped -82.01% vs ^TNX's -96.85%.
^TNX currently has the higher Sharpe Ratio (0.12 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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