Correlation
The correlation between AKBTY and ^TNX is 0.27, 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.
AKBTY vs. ^TNX
Compare and contrast key facts about Akbank Turk Anonim Sirketi (AKBTY) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AKBTY or ^TNX.
Performance
AKBTY vs. ^TNX - Performance Comparison
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Key characteristics
AKBTY:
-0.52
^TNX:
-0.14
AKBTY:
-0.50
^TNX:
-0.02
AKBTY:
0.94
^TNX:
1.00
AKBTY:
-0.51
^TNX:
-0.05
AKBTY:
-1.61
^TNX:
-0.26
AKBTY:
22.21%
^TNX:
10.70%
AKBTY:
63.81%
^TNX:
22.14%
AKBTY:
-90.78%
^TNX:
-93.78%
AKBTY:
-67.24%
^TNX:
-44.96%
Returns By Period
In the year-to-date period, AKBTY achieves a -26.96% return, which is significantly lower than ^TNX's -3.43% return. Over the past 10 years, AKBTY has underperformed ^TNX with an annualized return of -3.26%, while ^TNX has yielded a comparatively higher 6.90% annualized return.
AKBTY
-26.96%
4.30%
-21.05%
-35.26%
46.70%
15.98%
-3.26%
^TNX
-3.43%
4.37%
5.70%
-2.17%
15.80%
46.79%
6.90%
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Risk-Adjusted Performance
AKBTY vs. ^TNX — Risk-Adjusted Performance Rank
AKBTY
^TNX
AKBTY vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Akbank Turk Anonim Sirketi (AKBTY) and Treasury Yield 10 Years (^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.
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Drawdowns
AKBTY vs. ^TNX - Drawdown Comparison
The maximum AKBTY drawdown since its inception was -90.78%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for AKBTY and ^TNX.
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Volatility
AKBTY vs. ^TNX - Volatility Comparison
Akbank Turk Anonim Sirketi (AKBTY) has a higher volatility of 19.65% compared to Treasury Yield 10 Years (^TNX) at 5.87%. 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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