TBX vs. VGIT
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and Vanguard Intermediate-Term Treasury ETF (VGIT).
TBX and VGIT 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. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both TBX and VGIT 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 VGIT.
Performance
TBX vs. VGIT - Performance Comparison
Returns By Period
In the year-to-date period, TBX achieves a 6.87% return, which is significantly higher than VGIT's 1.36% return. Over the past 10 years, TBX has underperformed VGIT with an annualized return of 0.62%, while VGIT has yielded a comparatively higher 1.10% annualized return.
TBX
6.87%
1.60%
1.08%
3.37%
4.01%
0.62%
VGIT
1.36%
-0.80%
2.87%
4.73%
-0.24%
1.10%
Key characteristics
| TBX | VGIT | |
|---|---|---|
| Sharpe Ratio | 0.46 | 0.96 |
| Sortino Ratio | 0.70 | 1.41 |
| Omega Ratio | 1.08 | 1.17 |
| Calmar Ratio | 0.13 | 0.36 |
| Martin Ratio | 1.12 | 2.76 |
| Ulcer Index | 3.02% | 1.71% |
| Daily Std Dev | 7.40% | 4.92% |
| Max Drawdown | -41.04% | -16.05% |
| Current Drawdown | -19.86% | -8.68% |
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TBX vs. VGIT - Expense Ratio Comparison
TBX has a 0.95% expense ratio, which is higher than VGIT's 0.04% expense ratio.
Correlation
The correlation between TBX and VGIT is -0.87. 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.
Risk-Adjusted Performance
TBX vs. VGIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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. VGIT - Dividend Comparison
TBX's dividend yield for the trailing twelve months is around 5.46%, more than VGIT's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBX ProShares Short 7-10 Year Treasury | 5.46% | 4.06% | 0.40% | 0.00% | 0.10% | 1.53% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.57% | 2.72% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% | 1.54% | 1.63% |
Drawdowns
TBX vs. VGIT - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for TBX and VGIT. For additional features, visit the drawdowns tool.
Volatility
TBX vs. VGIT - Volatility Comparison
ProShares Short 7-10 Year Treasury (TBX) has a higher volatility of 2.13% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.14%. This indicates that TBX's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.