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TBX vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TBX and FXAIX is 0.21, 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.


-0.50.00.51.00.2

Performance

TBX vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short 7-10 Year Treasury (TBX) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.09%
9.99%
TBX
FXAIX

Key characteristics

Sharpe Ratio

TBX:

1.28

FXAIX:

2.17

Sortino Ratio

TBX:

1.96

FXAIX:

2.89

Omega Ratio

TBX:

1.22

FXAIX:

1.41

Calmar Ratio

TBX:

0.35

FXAIX:

3.21

Martin Ratio

TBX:

3.30

FXAIX:

14.15

Ulcer Index

TBX:

2.73%

FXAIX:

1.92%

Daily Std Dev

TBX:

7.07%

FXAIX:

12.50%

Max Drawdown

TBX:

-41.03%

FXAIX:

-33.79%

Current Drawdown

TBX:

-18.59%

FXAIX:

-2.20%

Returns By Period

In the year-to-date period, TBX achieves a 8.57% return, which is significantly lower than FXAIX's 26.49% return. Over the past 10 years, TBX has underperformed FXAIX with an annualized return of 0.81%, while FXAIX has yielded a comparatively higher 12.91% annualized return.


TBX

YTD

8.57%

1M

1.59%

6M

4.09%

1Y

9.03%

5Y*

4.13%

10Y*

0.81%

FXAIX

YTD

26.49%

1M

-0.16%

6M

9.99%

1Y

26.93%

5Y*

14.89%

10Y*

12.91%

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TBX vs. FXAIX - Expense Ratio Comparison

TBX has a 0.95% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


TBX
ProShares Short 7-10 Year Treasury
Expense ratio chart for TBX: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

TBX vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and Fidelity 500 Index Fund (FXAIX). 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 1.28, compared to the broader market0.002.004.001.282.17
The chart of Sortino ratio for TBX, currently valued at 1.96, compared to the broader market-2.000.002.004.006.008.0010.001.962.89
The chart of Omega ratio for TBX, currently valued at 1.22, compared to the broader market0.501.001.502.002.503.001.221.41
The chart of Calmar ratio for TBX, currently valued at 0.40, compared to the broader market0.005.0010.0015.000.403.21
The chart of Martin ratio for TBX, currently valued at 3.30, compared to the broader market0.0020.0040.0060.0080.00100.003.3014.15
TBX
FXAIX

The current TBX Sharpe Ratio is 1.28, which is lower than the FXAIX Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of TBX and FXAIX, 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 Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
1.28
2.17
TBX
FXAIX

Dividends

TBX vs. FXAIX - Dividend Comparison

TBX's dividend yield for the trailing twelve months is around 6.58%, more than FXAIX's 0.88% yield.


TTM20232022202120202019201820172016201520142013
TBX
ProShares Short 7-10 Year Treasury
6.58%4.06%0.40%0.00%0.10%1.53%0.72%0.00%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
0.88%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

TBX vs. FXAIX - Drawdown Comparison

The maximum TBX drawdown since its inception was -41.03%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for TBX and FXAIX. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-15.21%
-2.20%
TBX
FXAIX

Volatility

TBX vs. FXAIX - Volatility Comparison

The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 1.96%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.74%. This indicates that TBX experiences smaller price fluctuations and is considered to be less risky than FXAIX 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%JulyAugustSeptemberOctoberNovemberDecember
1.96%
3.74%
TBX
FXAIX
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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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