Correlation
The correlation between CTBB 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.
CTBB vs. ^TNX
Compare and contrast key facts about Qwest Corp. NT (CTBB) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CTBB or ^TNX.
Performance
CTBB vs. ^TNX - Performance Comparison
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Key characteristics
CTBB:
3.06
^TNX:
-0.14
CTBB:
4.27
^TNX:
-0.02
CTBB:
1.64
^TNX:
1.00
CTBB:
2.19
^TNX:
-0.05
CTBB:
21.43
^TNX:
-0.26
CTBB:
5.18%
^TNX:
10.70%
CTBB:
36.12%
^TNX:
22.14%
CTBB:
-58.89%
^TNX:
-93.78%
CTBB:
-0.64%
^TNX:
-44.96%
Returns By Period
In the year-to-date period, CTBB achieves a 9.30% return, which is significantly higher than ^TNX's -3.43% return.
CTBB
9.30%
8.66%
8.61%
94.37%
2.13%
4.55%
N/A
^TNX
-3.43%
4.37%
5.70%
-2.17%
15.80%
46.79%
6.90%
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Risk-Adjusted Performance
CTBB vs. ^TNX — Risk-Adjusted Performance Rank
CTBB
^TNX
CTBB vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Qwest Corp. NT (CTBB) 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
CTBB vs. ^TNX - Drawdown Comparison
The maximum CTBB drawdown since its inception was -58.89%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for CTBB and ^TNX.
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Volatility
CTBB vs. ^TNX - Volatility Comparison
The current volatility for Qwest Corp. NT (CTBB) is 4.68%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.87%. This indicates that CTBB experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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