PRULX vs. ^FVX
PRULX (T. Rowe Price U.S. Treasury Long Term Index Fund) is Government Bonds fund managed by T. Rowe Price, while ^FVX (Treasury Yield 5 Years) is an index. Over the past 10 years, PRULX returned -1.14%/yr vs 14.39%/yr for ^FVX. Their -0.80 correlation means they have often moved in opposite directions in the past.
Performance
PRULX vs. ^FVX - Performance Comparison
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Returns By Period
In the year-to-date period, PRULX achieves a -3.51% return, which is significantly lower than ^FVX's 16.42% return. Over the past 10 years, PRULX has underperformed ^FVX with an annualized return of -1.14%, while ^FVX has yielded a comparatively higher 14.39% annualized return.
PRULX
- 1D
- 0.30%
- 1M
- -3.42%
- 6M
- -2.88%
- YTD
- -3.51%
- 1Y
- -0.82%
- 3Y*
- 0.42%
- 5Y*
- -7.37%
- 10Y*
- -1.14%
- ALL TIME*
- 4.98%
^FVX
- 1D
- -1.52%
- 1M
- 2.43%
- 6M
- 12.93%
- YTD
- 16.42%
- 1Y
- 15.76%
- 3Y*
- 1.34%
- 5Y*
- 43.22%
- 10Y*
- 14.39%
- ALL TIME*
- -1.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRULX vs. ^FVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRULX T. Rowe Price U.S. Treasury Long Term Index Fund | -3.51% | 6.69% | -5.71% | 2.90% | -30.45% | -5.22% | 18.34% | 22.58% | -1.86% | 8.23% |
^FVX Treasury Yield 5 Years | 16.42% | -15.02% | 14.06% | -4.00% | 216.71% | 249.86% | -78.68% | -32.55% | 13.78% | 14.06% |
Correlation
The correlation between PRULX and ^FVX is -0.76, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.76 |
Correlation (3Y) Balances recent behavior with more history. | -0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990 | -0.80 |
The correlation between PRULX and ^FVX has been stable across timeframes, ranging from -0.80 to -0.76 - a consistent structural relationship.
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Return for Risk
PRULX vs. ^FVX — Risk / Return Rank
PRULX
^FVX
PRULX vs. ^FVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price U.S. Treasury Long Term Index Fund (PRULX) and Treasury Yield 5 Years (^FVX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRULX | ^FVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 1.77 | -1.86 |
| Martin ratioReturn relative to average drawdown | -0.22 | 4.11 | -4.33 |
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Drawdowns
PRULX vs. ^FVX - Drawdown Comparison
The maximum PRULX drawdown since its inception was -47.40%, smaller than the maximum ^FVX drawdown of -98.80%. Use the drawdown chart below to compare losses from any high point for PRULX and ^FVX.
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Drawdown Indicators
| PRULX | ^FVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.40% | -98.80% | +51.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -8.97% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -31.36% | +17.92% |
Max Drawdown (5Y)Largest decline over 5 years | -42.35% | -31.36% | -10.99% |
Max Drawdown (10Y)Largest decline over 10 years | -47.40% | -93.69% | +46.29% |
Current DrawdownCurrent decline from peak | -38.86% | -73.37% | +34.51% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -58.57% | +49.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 3.84% | -0.64% |
Volatility
PRULX vs. ^FVX - Volatility Comparison
The current volatility for T. Rowe Price U.S. Treasury Long Term Index Fund (PRULX) is 2.27%, while Treasury Yield 5 Years (^FVX) has a volatility of 5.01%. This indicates that PRULX experiences smaller price fluctuations and is considered to be less risky than ^FVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRULX | ^FVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 5.01% | -2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.53% | 13.89% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 17.57% | -8.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.55% | 36.36% | -21.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 58.05% | -44.13% |
Frequently Asked Questions
PRULX and ^FVX have a correlation of -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^FVX has higher volatility (5.01%) compared to PRULX (2.27%). In terms of maximum drawdown, PRULX dropped -47.40% vs ^FVX's -98.80%.
^FVX currently has the higher Sharpe Ratio (0.90 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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