TBX vs. IEF
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and iShares 7-10 Year Treasury Bond ETF (IEF).
TBX and IEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002. Both TBX and IEF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBX or IEF.
Key characteristics
| TBX | IEF | |
|---|---|---|
| YTD Return | 5.43% | -2.57% |
| 1Y Return | 12.13% | -3.39% |
| 3Y Return (Ann) | 8.21% | -4.62% |
| 5Y Return (Ann) | 2.84% | -0.95% |
| 10Y Return (Ann) | 0.09% | 0.82% |
| Sharpe Ratio | 1.49 | -0.45 |
| Daily Std Dev | 8.30% | 8.03% |
| Max Drawdown | -41.04% | -23.93% |
| Current Drawdown | -20.94% | -19.01% |
Correlation
The correlation between TBX and IEF is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TBX vs. IEF - Performance Comparison
In the year-to-date period, TBX achieves a 5.43% return, which is significantly higher than IEF's -2.57% return. Over the past 10 years, TBX has underperformed IEF with an annualized return of 0.09%, while IEF has yielded a comparatively higher 0.82% 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. IEF - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is higher than IEF's 0.15% expense ratio.
Risk-Adjusted Performance
TBX vs. IEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and iShares 7-10 Year Treasury Bond ETF (IEF). 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. IEF - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 4.27%, more than IEF's 3.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 4.27% | 4.07% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.23% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% | 2.05% | 1.77% |
Drawdowns
TBX vs. IEF - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for TBX and IEF. For additional features, visit the drawdowns tool.
Volatility
TBX vs. IEF - Volatility Comparison
ProShares Short 7-10 Year Treasury (TBX) and iShares 7-10 Year Treasury Bond ETF (IEF) have volatilities of 1.60% and 1.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.