TBX vs. ^GSPC
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and S&P 500 (^GSPC).
TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBX or ^GSPC.
Correlation
The correlation between TBX and ^GSPC is 0.20, 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
TBX vs. ^GSPC - Performance Comparison
Key characteristics
TBX:
0.05
^GSPC:
0.22
TBX:
0.13
^GSPC:
0.44
TBX:
1.01
^GSPC:
1.06
TBX:
0.02
^GSPC:
0.22
TBX:
0.12
^GSPC:
1.02
TBX:
3.07%
^GSPC:
4.15%
TBX:
7.63%
^GSPC:
19.00%
TBX:
-41.03%
^GSPC:
-56.78%
TBX:
-19.90%
^GSPC:
-14.13%
Returns By Period
In the year-to-date period, TBX achieves a -1.56% return, which is significantly higher than ^GSPC's -10.30% return. Over the past 10 years, TBX has underperformed ^GSPC with an annualized return of 1.10%, while ^GSPC has yielded a comparatively higher 9.77% annualized return.
TBX
-1.56%
0.02%
3.20%
0.01%
5.95%
1.10%
^GSPC
-10.30%
-7.04%
-9.70%
4.44%
12.96%
9.77%
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Risk-Adjusted Performance
TBX vs. ^GSPC — Risk-Adjusted Performance Rank
TBX
^GSPC
TBX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and S&P 500 (^GSPC). 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
TBX vs. ^GSPC - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.03%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TBX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TBX vs. ^GSPC - Volatility Comparison
The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 4.21%, while S&P 500 (^GSPC) has a volatility of 13.66%. This indicates that TBX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.