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TBX vs. ^TYX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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.


-0.50.00.51.00.8

Performance

TBX vs. ^TYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short 7-10 Year Treasury (TBX) and Treasury Yield 30 Years (^TYX). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.10%
9.27%
TBX
^TYX

Key characteristics

Sharpe Ratio

TBX:

1.28

^TYX:

0.98

Sortino Ratio

TBX:

1.96

^TYX:

1.57

Omega Ratio

TBX:

1.22

^TYX:

1.17

Calmar Ratio

TBX:

0.35

^TYX:

0.37

Martin Ratio

TBX:

3.30

^TYX:

2.34

Ulcer Index

TBX:

2.73%

^TYX:

8.14%

Daily Std Dev

TBX:

7.07%

^TYX:

19.39%

Max Drawdown

TBX:

-41.03%

^TYX:

-88.52%

Current Drawdown

TBX:

-18.59%

^TYX:

-41.37%

Returns By Period

In the year-to-date period, TBX achieves a 8.57% return, which is significantly lower than ^TYX's 19.03% return. Over the past 10 years, TBX has underperformed ^TYX with an annualized return of 0.81%, while ^TYX has yielded a comparatively higher 5.32% annualized return.


TBX

YTD

8.57%

1M

1.59%

6M

4.09%

1Y

9.03%

5Y*

4.13%

10Y*

0.81%

^TYX

YTD

19.03%

1M

4.11%

6M

9.27%

1Y

18.01%

5Y*

15.12%

10Y*

5.32%

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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.


Sharpe ratio
The chart of Sharpe ratio for TBX, currently valued at 1.23, compared to the broader market0.002.004.001.230.98
The chart of Sortino ratio for TBX, currently valued at 1.89, compared to the broader market-2.000.002.004.006.008.0010.001.891.57
The chart of Omega ratio for TBX, currently valued at 1.21, compared to the broader market0.501.001.502.002.503.001.211.17
The chart of Calmar ratio for TBX, currently valued at 0.34, compared to the broader market0.005.0010.0015.000.340.83
The chart of Martin ratio for TBX, currently valued at 3.11, compared to the broader market0.0020.0040.0060.0080.00100.003.112.34
TBX
^TYX

The current TBX Sharpe Ratio is 1.28, which is comparable to the ^TYX Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of TBX and ^TYX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
1.23
0.98
TBX
^TYX

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.


-25.00%-20.00%-15.00%-10.00%JulyAugustSeptemberOctoberNovemberDecember
-18.59%
-6.25%
TBX
^TYX

Volatility

TBX vs. ^TYX - Volatility Comparison

The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 1.95%, while Treasury Yield 30 Years (^TYX) has a volatility of 5.92%. 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.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%JulyAugustSeptemberOctoberNovemberDecember
1.95%
5.92%
TBX
^TYX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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