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.
Key characteristics
| TBX | FXAIX | |
|---|---|---|
| YTD Return | 4.69% | 11.87% |
| 1Y Return | 10.95% | 31.17% |
| 3Y Return (Ann) | 7.94% | 10.05% |
| 5Y Return (Ann) | 2.70% | 15.09% |
| 10Y Return (Ann) | 0.02% | 13.10% |
| Sharpe Ratio | 1.36 | 2.61 |
| Daily Std Dev | 8.33% | 11.62% |
| Max Drawdown | -41.04% | -33.79% |
| Current Drawdown | -21.50% | 0.00% |
Correlation
The correlation between TBX and FXAIX is 0.22, 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.
Performance
TBX vs. FXAIX - Performance Comparison
In the year-to-date period, TBX achieves a 4.69% return, which is significantly lower than FXAIX's 11.87% return. Over the past 10 years, TBX has underperformed FXAIX with an annualized return of 0.02%, while FXAIX has yielded a comparatively higher 13.10% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 4.30%, more than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 4.30% | 4.07% | 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 | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 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 1.67%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.48%. 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.