TBX vs. ^TYX
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and Treasury Yield 30 Years (^TYX).
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 ^TYX.
Performance
TBX vs. ^TYX - Performance Comparison
Returns By Period
In the year-to-date period, TBX achieves a 6.87% return, which is significantly lower than ^TYX's 14.33% return. Over the past 10 years, TBX has underperformed ^TYX with an annualized return of 0.62%, while ^TYX has yielded a comparatively higher 4.36% annualized return.
TBX
6.87%
1.60%
1.08%
3.37%
4.01%
0.62%
^TYX
14.33%
1.75%
0.48%
1.06%
15.34%
4.36%
Key characteristics
| TBX | ^TYX | |
|---|---|---|
| Sharpe Ratio | 0.46 | 0.16 |
| Sortino Ratio | 0.70 | 0.39 |
| Omega Ratio | 1.08 | 1.04 |
| Calmar Ratio | 0.13 | 0.06 |
| Martin Ratio | 1.12 | 0.38 |
| Ulcer Index | 3.02% | 8.47% |
| Daily Std Dev | 7.40% | 19.80% |
| Max Drawdown | -41.04% | -88.52% |
| Current Drawdown | -19.86% | -43.68% |
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Correlation
The correlation between TBX and ^TYX is 0.79, 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.
Risk-Adjusted Performance
TBX vs. ^TYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) 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
TBX vs. ^TYX - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, smaller than the maximum ^TYX drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for TBX and ^TYX. For additional features, visit the drawdowns tool.
Volatility
TBX vs. ^TYX - Volatility Comparison
The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 2.13%, while Treasury Yield 30 Years (^TYX) has a volatility of 5.91%. This indicates that TBX 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.