NKSH vs. ^TNX

Last updated Apr 2, 2026

Compare and contrast key facts about National Bankshares, Inc. (NKSH) and Treasury Yield 10 Years (^TNX).

Performance

NKSH vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Bankshares, Inc. (NKSH) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

NKSH vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NKSH National Bankshares, Inc.	8.38%	23.27%	-6.75%	-13.15%	17.24%	19.01%	-27.13%	27.40%	-17.71%	7.54%
^TNX Treasury Yield 10 Years	3.75%	-8.97%	18.29%	-0.34%	156.55%	64.89%	-52.21%	-28.56%	11.68%	-1.68%

Returns By Period

In the year-to-date period, NKSH achieves a 8.38% return, which is significantly higher than ^TNX's 3.75% return. Over the past 10 years, NKSH has underperformed ^TNX with an annualized return of 4.92%, while ^TNX has yielded a comparatively higher 9.20% annualized return.

NKSH

• 1D: -0.19%
• 1M: -3.84%
• YTD: 8.38%
• 6M: 27.08%
• 1Y: 47.47%
• 3Y*: 10.60%
• 5Y*: 5.43%
• 10Y*: 4.92%

^TNX

• 1D: 0.19%
• 1M: 6.69%
• YTD: 3.75%
• 6M: 5.19%
• 1Y: 3.92%
• 3Y*: 7.32%
• 5Y*: 20.80%
• 10Y*: 9.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NKSH vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NKSH

NKSH Risk / Return Rank: 83
NKSH Sharpe Ratio Rank: 84
NKSH Sortino Ratio Rank: 82
NKSH Omega Ratio Rank: 79
NKSH Calmar Ratio Rank: 85
NKSH Martin Ratio Rank: 87

^TNX

^TNX Risk / Return Rank: 22
^TNX Sharpe Ratio Rank: 26
^TNX Sortino Ratio Rank: 23
^TNX Omega Ratio Rank: 22
^TNX Calmar Ratio Rank: 19
^TNX Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NKSH vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Bankshares, Inc. (NKSH) 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.

	NKSH	^TNX	Difference
Sharpe ratio Return per unit of total volatility	1.56	0.22	+1.34
Sortino ratio Return per unit of downside risk	2.26	0.45	+1.81
Omega ratio Gain probability vs. loss probability	1.28	1.05	+0.23
Calmar ratio Return relative to maximum drawdown	3.15	0.12	+3.03
Martin ratio Return relative to average drawdown	9.21	0.21	+9.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NKSH vs. ^TNX - Sharpe Ratio Comparison

The current NKSH Sharpe Ratio is 1.56, which is higher than the ^TNX Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of NKSH and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NKSH	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.22	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.63	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.19	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.02	+0.28

Correlation

The correlation between NKSH and ^TNX is 0.12, 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.

Drawdowns

NKSH vs. ^TNX - Drawdown Comparison

The maximum NKSH drawdown since its inception was -48.76%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for NKSH and ^TNX.

Drawdown Indicators

	NKSH	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-48.76%	-93.78%	+45.02%
Max Drawdown (1Y) Largest decline over 1 year	-13.99%	-13.99%	0.00%
Max Drawdown (5Y) Largest decline over 5 years	-46.03%	-31.74%	-14.29%
Max Drawdown (10Y) Largest decline over 10 years	-48.76%	-84.57%	+35.81%
Current Drawdown Current decline from peak	-6.68%	-46.17%	+39.49%
Average Drawdown Average peak-to-trough decline	-14.20%	-51.38%	+37.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.78%	8.39%	-3.61%

Volatility

NKSH vs. ^TNX - Volatility Comparison

National Bankshares, Inc. (NKSH) has a higher volatility of 6.37% compared to Treasury Yield 10 Years (^TNX) at 5.89%. This indicates that NKSH'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.

Volatility by Period

	NKSH	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	5.89%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	19.18%	10.58%	+8.60%
Volatility (1Y) Calculated over the trailing 1-year period	30.66%	17.89%	+12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.89%	32.96%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.53%	48.18%	-10.65%