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 0.20, 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:
0.66
^GSPC:
1.62
TBX:
1.02
^GSPC:
2.20
TBX:
1.11
^GSPC:
1.30
TBX:
0.18
^GSPC:
2.46
TBX:
1.63
^GSPC:
10.01
TBX:
2.77%
^GSPC:
2.08%
TBX:
6.80%
^GSPC:
12.88%
TBX:
-41.03%
^GSPC:
-56.78%
TBX:
-19.16%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, TBX achieves a -0.65% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, TBX has underperformed ^GSPC with an annualized return of 1.02%, while ^GSPC has yielded a comparatively higher 11.04% annualized return.
TBX
-0.65%
-1.06%
6.27%
4.10%
4.69%
1.02%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
TBX vs. ^GSPC — Risk-Adjusted Performance Rank
TBX
^GSPC
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 -41.03%, 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 1.56%, while S&P 500 (^GSPC) has a volatility of 3.43%. 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.