ES=F vs. ^TNX
Compare and contrast key facts about S&P 500 E-Mini Futures (ES=F) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ES=F or ^TNX.
Correlation
The correlation between ES=F and ^TNX is 0.23, 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.
Performance
ES=F vs. ^TNX - Performance Comparison
Key characteristics
ES=F:
1.56
^TNX:
0.75
ES=F:
2.15
^TNX:
1.24
ES=F:
1.30
^TNX:
1.14
ES=F:
2.24
^TNX:
0.21
ES=F:
8.45
^TNX:
1.55
ES=F:
2.31%
^TNX:
10.42%
ES=F:
12.38%
^TNX:
21.57%
ES=F:
-57.11%
^TNX:
-96.85%
ES=F:
-1.96%
^TNX:
-70.90%
Returns By Period
In the year-to-date period, ES=F achieves a 1.65% return, which is significantly higher than ^TNX's 0.79% return. Over the past 10 years, ES=F has outperformed ^TNX with an annualized return of 10.69%, while ^TNX has yielded a comparatively lower 9.21% annualized return.
ES=F
1.65%
1.68%
8.64%
23.90%
11.44%
10.69%
^TNX
0.79%
0.85%
8.73%
11.17%
19.47%
9.21%
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Risk-Adjusted Performance
ES=F vs. ^TNX — Risk-Adjusted Performance Rank
ES=F
^TNX
ES=F vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 E-Mini Futures (ES=F) 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.
Drawdowns
ES=F vs. ^TNX - Drawdown Comparison
The maximum ES=F drawdown since its inception was -57.11%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for ES=F and ^TNX. For additional features, visit the drawdowns tool.
Volatility
ES=F vs. ^TNX - Volatility Comparison
The current volatility for S&P 500 E-Mini Futures (ES=F) is 3.73%, while Treasury Yield 10 Years (^TNX) has a volatility of 4.75%. This indicates that ES=F 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.