PST vs. TBIIX
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and TIAA-CREF Bond Index Fund (TBIIX).
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. TBIIX is managed by TIAA Investments. It was launched on Sep 14, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PST or TBIIX.
Key characteristics
| PST | TBIIX | |
|---|---|---|
| YTD Return | 12.92% | -3.24% |
| 1Y Return | 25.29% | -1.62% |
| 3Y Return (Ann) | 15.68% | -3.61% |
| 5Y Return (Ann) | 4.60% | -0.03% |
| 10Y Return (Ann) | -0.54% | 1.20% |
| Sharpe Ratio | 1.34 | -0.13 |
| Daily Std Dev | 17.02% | 6.85% |
| Max Drawdown | -79.25% | -18.42% |
| Current Drawdown | -63.90% | -12.72% |
Correlation
The correlation between PST and TBIIX is -0.91. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PST vs. TBIIX - Performance Comparison
In the year-to-date period, PST achieves a 12.92% return, which is significantly higher than TBIIX's -3.24% return. Over the past 10 years, PST has underperformed TBIIX with an annualized return of -0.54%, while TBIIX has yielded a comparatively higher 1.20% 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. TBIIX - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is higher than TBIIX's 0.07% expense ratio.
Risk-Adjusted Performance
PST vs. TBIIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and TIAA-CREF Bond Index Fund (TBIIX). 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. TBIIX - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.45%, more than TBIIX's 3.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.45% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TBIIX TIAA-CREF Bond Index Fund | 3.15% | 2.91% | 2.62% | 2.24% | 3.76% | 2.65% | 2.47% | 2.46% | 2.33% | 2.43% | 2.26% | 1.94% |
Drawdowns
PST vs. TBIIX - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, which is greater than TBIIX's maximum drawdown of -18.42%. Use the drawdown chart below to compare losses from any high point for PST and TBIIX. For additional features, visit the drawdowns tool.
Volatility
PST vs. TBIIX - Volatility Comparison
ProShares UltraShort 7-10 Year Treasury (PST) has a higher volatility of 4.59% compared to TIAA-CREF Bond Index Fund (TBIIX) at 1.91%. This indicates that PST's price experiences larger fluctuations and is considered to be riskier than TBIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.