TBX vs. FXAIX
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBX or FXAIX.
Performance
TBX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, TBX achieves a 7.17% return, which is significantly lower than FXAIX's 25.06% return. Over the past 10 years, TBX has underperformed FXAIX with an annualized return of 0.61%, while FXAIX has yielded a comparatively higher 13.01% annualized return.
TBX
7.17%
3.52%
1.82%
3.49%
3.98%
0.61%
FXAIX
25.06%
0.60%
11.76%
32.39%
15.52%
13.01%
Key characteristics
| TBX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 0.38 | 2.66 |
| Sortino Ratio | 0.60 | 3.55 |
| Omega Ratio | 1.07 | 1.49 |
| Calmar Ratio | 0.11 | 3.86 |
| Martin Ratio | 0.93 | 17.38 |
| Ulcer Index | 3.02% | 1.87% |
| Daily Std Dev | 7.40% | 12.27% |
| Max Drawdown | -41.04% | -33.79% |
| Current Drawdown | -19.64% | -1.74% |
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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.
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.
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.
Dividends
TBX vs. FXAIX - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 5.44%, more than FXAIX's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 5.44% | 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 | 1.23% | 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 -41.04%, 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.
Volatility
TBX vs. FXAIX - Volatility Comparison
The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 2.11%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 4.05%. 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.