PST vs. FXAIX
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and Fidelity 500 Index Fund (FXAIX).
PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PST or FXAIX.
Key characteristics
| PST | FXAIX | |
|---|---|---|
| YTD Return | 13.37% | 7.38% |
| 1Y Return | 23.11% | 25.26% |
| 3Y Return (Ann) | 15.46% | 8.48% |
| 5Y Return (Ann) | 4.67% | 13.53% |
| 10Y Return (Ann) | -0.52% | 12.66% |
| Sharpe Ratio | 1.46 | 2.36 |
| Daily Std Dev | 16.89% | 11.73% |
| Max Drawdown | -79.25% | -33.79% |
| Current Drawdown | -63.76% | -2.87% |
Correlation
The correlation between PST and FXAIX 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.
Performance
PST vs. FXAIX - Performance Comparison
In the year-to-date period, PST achieves a 13.37% return, which is significantly higher than FXAIX's 7.38% return. Over the past 10 years, PST has underperformed FXAIX with an annualized return of -0.52%, while FXAIX has yielded a comparatively higher 12.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PST vs. FXAIX - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
PST vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
PST vs. FXAIX - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.44%, more than FXAIX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.44% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.36% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
PST vs. FXAIX - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PST and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PST vs. FXAIX - Volatility Comparison
ProShares UltraShort 7-10 Year Treasury (PST) has a higher volatility of 4.53% compared to Fidelity 500 Index Fund (FXAIX) at 3.58%. This indicates that PST's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.