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.
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.
Performance
TBX vs. ^TYX - Performance Comparison
Key characteristics
TBX:
0.05
^TYX:
-0.04
TBX:
0.13
^TYX:
0.08
TBX:
1.01
^TYX:
1.01
TBX:
0.02
^TYX:
-0.01
TBX:
0.12
^TYX:
-0.09
TBX:
3.07%
^TYX:
8.35%
TBX:
7.63%
^TYX:
18.90%
TBX:
-41.03%
^TYX:
-88.52%
TBX:
-19.90%
^TYX:
-41.82%
Returns By Period
In the year-to-date period, TBX achieves a -1.56% return, which is significantly lower than ^TYX's -0.81% return. Over the past 10 years, TBX has underperformed ^TYX with an annualized return of 1.10%, while ^TYX has yielded a comparatively higher 6.43% annualized return.
TBX
-1.56%
0.02%
3.20%
0.01%
5.95%
1.10%
^TYX
-0.81%
3.22%
10.42%
-0.23%
29.41%
6.43%
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Risk-Adjusted Performance
TBX vs. ^TYX — Risk-Adjusted Performance Rank
TBX
^TYX
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 -41.03%, 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 4.21%, while Treasury Yield 30 Years (^TYX) has a volatility of 7.60%. 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.