TBX vs. ^GSPC
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TBX or ^GSPC.
Correlation
The correlation between TBX and ^GSPC 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.
Performance
TBX vs. ^GSPC - Performance Comparison
Key characteristics
TBX:
1.10
^GSPC:
1.83
TBX:
1.69
^GSPC:
2.46
TBX:
1.19
^GSPC:
1.34
TBX:
0.30
^GSPC:
2.72
TBX:
2.85
^GSPC:
11.89
TBX:
2.73%
^GSPC:
1.94%
TBX:
7.05%
^GSPC:
12.57%
TBX:
-41.04%
^GSPC:
-56.78%
TBX:
-19.07%
^GSPC:
-3.66%
Returns By Period
In the year-to-date period, TBX achieves a 7.92% return, which is significantly lower than ^GSPC's 23.00% return. Over the past 10 years, TBX has underperformed ^GSPC with an annualized return of 0.80%, while ^GSPC has yielded a comparatively higher 10.96% annualized return.
TBX
7.92%
0.74%
3.75%
8.02%
4.00%
0.80%
^GSPC
23.00%
-0.84%
7.20%
24.88%
12.77%
10.96%
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Risk-Adjusted Performance
TBX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and S&P 500 (^GSPC). 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.
Drawdowns
TBX vs. ^GSPC - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TBX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
TBX vs. ^GSPC - Volatility Comparison
The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 1.95%, while S&P 500 (^GSPC) has a volatility of 3.62%. This indicates that TBX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.