TBB vs. ^TNX
TBB (AT&T Inc. 5.35% GLB NTS 66) is a stock, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 5 years, TBB returned -0.01%/yr vs 30.81%/yr for ^TNX. Their -0.19 correlation means they have often moved in opposite directions in the past.
Performance
TBB vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, TBB achieves a -6.40% return, which is significantly lower than ^TNX's 13.98% return.
TBB
- 1D
- -0.12%
- 1M
- -1.85%
- 6M
- -8.55%
- YTD
- -6.40%
- 1Y
- -8.13%
- 3Y*
- 2.40%
- 5Y*
- -0.01%
- 10Y*
- —
- ALL TIME*
- 2.68%
^TNX
- 1D
- 1.76%
- 1M
- 5.80%
- 6M
- 11.88%
- YTD
- 13.98%
- 1Y
- 12.44%
- 3Y*
- 5.41%
- 5Y*
- 30.81%
- 10Y*
- 11.93%
- ALL TIME*
- -0.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $3.11M | $2.95M | $2.68M |
TBB vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBB AT&T Inc. 5.35% GLB NTS 66 | -6.40% | -3.34% | 10.14% | 14.65% | -12.18% | -0.72% | 7.21% | 26.60% | -9.95% | 3.45% |
^TNX Cboe 10-Year Treasury Note Yield Index | 13.98% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | 2.65% |
Correlation
The correlation between TBB and ^TNX is -0.35, 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. | -0.35 |
Correlation (3Y) Balances recent behavior with more history. | -0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.31 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017 | -0.19 |
The correlation between TBB and ^TNX shifts across timeframes, from -0.36 (3 years) to -0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TBB vs. ^TNX — Risk / Return Rank
TBB
^TNX
TBB vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. 5.35% GLB NTS 66 (TBB) and Cboe 10-Year Treasury Note Yield Index (^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.
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.
| TBB | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.11 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.99 | -1.70 |
| Martin ratioReturn relative to average drawdown | -1.37 | 2.04 | -3.41 |
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Drawdowns
TBB vs. ^TNX - Drawdown Comparison
The maximum TBB drawdown since its inception was -16.09%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for TBB and ^TNX.
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Drawdown Indicators
| TBB | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.09% | -96.85% | +80.76% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -8.94% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -12.43% | -27.41% | +14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -15.68% | -27.41% | +11.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -84.57% | — |
Current DrawdownCurrent decline from peak | -12.21% | -70.04% | +57.83% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -55.04% | +51.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 4.64% | +1.75% |
Volatility
TBB vs. ^TNX - Volatility Comparison
The current volatility for AT&T Inc. 5.35% GLB NTS 66 (TBB) is 2.12%, while Cboe 10-Year Treasury Note Yield Index (^TNX) has a volatility of 3.64%. This indicates that TBB experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBB | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 3.64% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 4.93% | 11.05% | -6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.24% | 14.89% | -6.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.15% | 31.23% | -20.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.90% | 47.62% | -36.72% |
Frequently Asked Questions
TBB and ^TNX have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TNX has higher volatility (3.64%) compared to TBB (2.12%). In terms of maximum drawdown, TBB dropped -16.09% vs ^TNX's -96.85%.
^TNX currently has the higher Sharpe Ratio (0.60 vs -1.08), 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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