PST vs. ^TYX
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and Treasury Yield 30 Years (^TYX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PST or ^TYX.
Key characteristics
| PST | ^TYX | |
|---|---|---|
| YTD Return | 12.28% | 17.52% |
| 1Y Return | 22.10% | 26.69% |
| 3Y Return (Ann) | 15.49% | 21.73% |
| 5Y Return (Ann) | 4.38% | 7.40% |
| 10Y Return (Ann) | -0.59% | 2.44% |
| Sharpe Ratio | 1.23 | 1.13 |
| Daily Std Dev | 17.05% | 19.80% |
| Max Drawdown | -79.25% | -93.84% |
| Current Drawdown | -64.10% | -68.95% |
Correlation
The correlation between PST and ^TYX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PST vs. ^TYX - Performance Comparison
In the year-to-date period, PST achieves a 12.28% return, which is significantly lower than ^TYX's 17.52% return. Over the past 10 years, PST has underperformed ^TYX with an annualized return of -0.59%, while ^TYX has yielded a comparatively higher 2.44% 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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Risk-Adjusted Performance
PST vs. ^TYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) and Treasury Yield 30 Years (^TYX). 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
PST vs. ^TYX - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, smaller than the maximum ^TYX drawdown of -93.84%. Use the drawdown chart below to compare losses from any high point for PST and ^TYX. For additional features, visit the drawdowns tool.
Volatility
PST vs. ^TYX - Volatility Comparison
The current volatility for ProShares UltraShort 7-10 Year Treasury (PST) is 4.49%, while Treasury Yield 30 Years (^TYX) has a volatility of 5.78%. This indicates that PST experiences smaller price fluctuations and is considered to be less risky than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.