NKSH vs. ^TNX
Compare and contrast key facts about National Bankshares, Inc. (NKSH) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NKSH or ^TNX.
Correlation
The correlation between NKSH and ^TNX is 0.13, 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
NKSH vs. ^TNX - Performance Comparison
Key characteristics
NKSH:
0.03
^TNX:
0.46
NKSH:
0.35
^TNX:
0.82
NKSH:
1.04
^TNX:
1.09
NKSH:
0.04
^TNX:
0.18
NKSH:
0.10
^TNX:
0.93
NKSH:
11.80%
^TNX:
10.39%
NKSH:
44.01%
^TNX:
21.11%
NKSH:
-48.76%
^TNX:
-93.78%
NKSH:
-27.15%
^TNX:
-44.07%
Returns By Period
In the year-to-date period, NKSH achieves a -1.22% return, which is significantly higher than ^TNX's -1.88% return. Over the past 10 years, NKSH has underperformed ^TNX with an annualized return of 3.86%, while ^TNX has yielded a comparatively higher 8.49% annualized return.
NKSH
-1.22%
3.58%
2.82%
1.80%
-1.88%
3.86%
^TNX
-1.88%
-4.39%
13.83%
7.60%
23.31%
8.49%
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Risk-Adjusted Performance
NKSH vs. ^TNX — Risk-Adjusted Performance Rank
NKSH
^TNX
NKSH vs. ^TNX - Risk-Adjusted Performance 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.
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. For additional features, visit the drawdowns tool.
Volatility
NKSH vs. ^TNX - Volatility Comparison
National Bankshares, Inc. (NKSH) has a higher volatility of 12.36% compared to Treasury Yield 10 Years (^TNX) at 5.33%. 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.