TBX vs. ^TYX
Compare and contrast key facts about ProShares Short 7-10 Year Treasury (TBX) and Treasury Yield 30 Years (^TYX).
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 ^TYX.
Performance
TBX vs. ^TYX - Performance Comparison
Returns By Period
In the year-to-date period, TBX achieves a 6.52% return, which is significantly lower than ^TYX's 13.59% return. Over the past 10 years, TBX has underperformed ^TYX with an annualized return of 0.56%, while ^TYX has yielded a comparatively higher 4.11% annualized return.
TBX
6.52%
2.50%
1.27%
2.99%
3.95%
0.56%
^TYX
13.59%
4.22%
0.24%
-0.22%
15.14%
4.11%
Key characteristics
| TBX | ^TYX | |
|---|---|---|
| Sharpe Ratio | 0.40 | -0.04 |
| Sortino Ratio | 0.62 | 0.09 |
| Omega Ratio | 1.07 | 1.01 |
| Calmar Ratio | 0.11 | -0.02 |
| Martin Ratio | 0.97 | -0.10 |
| Ulcer Index | 3.02% | 8.54% |
| Daily Std Dev | 7.39% | 19.79% |
| Max Drawdown | -41.04% | -88.52% |
| Current Drawdown | -20.13% | -44.05% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Correlation
The correlation between TBX and ^TYX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
TBX vs. ^TYX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short 7-10 Year Treasury (TBX) and Treasury Yield 30 Years (^TYX). 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. ^TYX - Drawdown Comparison
The maximum TBX drawdown since its inception was -41.04%, smaller than the maximum ^TYX drawdown of -88.52%. Use the drawdown chart below to compare losses from any high point for TBX and ^TYX. For additional features, visit the drawdowns tool.
Volatility
TBX vs. ^TYX - Volatility Comparison
The current volatility for ProShares Short 7-10 Year Treasury (TBX) is 2.10%, while Treasury Yield 30 Years (^TYX) has a volatility of 5.98%. This indicates that TBX experiences smaller price fluctuations and is considered to be less risky than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.