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:
0.66
^TYX:
0.39
TBX:
1.02
^TYX:
0.70
TBX:
1.11
^TYX:
1.08
TBX:
0.18
^TYX:
0.14
TBX:
1.63
^TYX:
0.88
TBX:
2.77%
^TYX:
8.20%
TBX:
6.80%
^TYX:
18.44%
TBX:
-41.03%
^TYX:
-88.52%
TBX:
-19.16%
^TYX:
-42.77%
Returns By Period
In the year-to-date period, TBX achieves a -0.65% return, which is significantly higher than ^TYX's -2.44% return. Over the past 10 years, TBX has underperformed ^TYX with an annualized return of 1.02%, while ^TYX has yielded a comparatively higher 5.89% annualized return.
TBX
-0.65%
-1.06%
6.27%
4.10%
4.69%
1.02%
^TYX
-2.44%
-3.01%
13.82%
4.64%
19.06%
5.89%
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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 1.55%, while Treasury Yield 30 Years (^TYX) has a volatility of 5.10%. 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.