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 0.53%/yr vs 27.50%/yr for ^TNX. At a correlation of -0.19, they often move in opposite directions.
Performance
TBB vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, TBB achieves a -4.45% return, which is significantly lower than ^TNX's 9.75% return.
TBB
- 1D
- -0.10%
- 1M
- 0.10%
- 6M
- -5.88%
- YTD
- -4.45%
- 1Y
- -5.52%
- 3Y*
- 1.00%
- 5Y*
- 0.53%
- 10Y*
- —
^TNX
- 1D
- 0.66%
- 1M
- 1.83%
- 6M
- 9.54%
- YTD
- 9.75%
- 1Y
- 3.30%
- 3Y*
- 4.71%
- 5Y*
- 27.50%
- 10Y*
- 11.69%
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 | -4.45% | -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 | 9.75% | -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 -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
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 | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.07 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 0.43 | -0.92 |
| Martin ratioReturn relative to average drawdown | -0.97 | 0.78 | -1.74 |
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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 | -11.47% | -11.94% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -11.47% | -27.41% | +15.94% |
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 | -10.38% | -71.16% | +60.78% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -55.02% | +51.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 6.64% | -0.88% |
Volatility
TBB vs. ^TNX - Volatility Comparison
The current volatility for AT&T Inc. 5.35% GLB NTS 66 (TBB) is 2.19%, while Cboe 10-Year Treasury Note Yield Index (^TNX) has a volatility of 4.22%. 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 | 2.19% | 4.22% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 5.02% | 11.02% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.36% | 15.08% | -6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.14% | 31.86% | -20.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.92% | 47.73% | -36.81% |
Frequently Asked Questions
TBB and ^TNX have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TNX has higher volatility (4.22%) compared to TBB (2.19%). In terms of maximum drawdown, TBB dropped -16.09% vs ^TNX's -96.85%.
^TNX currently has the higher Sharpe Ratio (0.34 vs -0.67), 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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