TVC vs. IEF
TVC (Tennessee Valley Authority PARRS D 2028) is a stock, while IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, TVC returned 2.01%/yr vs 0.51%/yr for IEF. At a 0.11 correlation, their price movements are largely independent.
Performance
TVC vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, TVC achieves a 0.44% return, which is significantly higher than IEF's -0.66% return. Over the past 10 years, TVC has outperformed IEF with an annualized return of 2.01%, while IEF has yielded a comparatively lower 0.51% annualized return.
TVC
- 1D
- -0.21%
- 1M
- 0.31%
- YTD
- 0.44%
- 6M
- -0.23%
- 1Y
- 4.10%
- 3Y*
- 5.53%
- 5Y*
- 0.16%
- 10Y*
- 2.01%
IEF
- 1D
- -0.38%
- 1M
- 0.46%
- YTD
- -0.66%
- 6M
- -0.64%
- 1Y
- 3.24%
- 3Y*
- 2.55%
- 5Y*
- -1.20%
- 10Y*
- 0.51%
TVC vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TVC Tennessee Valley Authority PARRS D 2028 | 0.44% | 9.18% | 0.12% | 6.56% | -13.27% | 4.49% | -1.73% | 11.76% | 2.11% | 4.99% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.66% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between TVC and IEF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | 0.11 |
The correlation between TVC and IEF shifts across timeframes, from 0.11 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TVC vs. IEF — Risk / Return Rank
TVC
IEF
TVC vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tennessee Valley Authority PARRS D 2028 (TVC) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TVC | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 0.80 | +1.03 |
| Martin ratioReturn relative to average drawdown | 4.97 | 2.17 | +2.80 |
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Drawdowns
TVC vs. IEF - Drawdown Comparison
The maximum TVC drawdown since its inception was -25.14%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for TVC and IEF.
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Drawdown Indicators
| TVC | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.14% | -23.93% | -1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.24% | -4.07% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -7.74% | +3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -25.14% | -21.40% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -25.14% | -23.93% | -1.21% |
Current DrawdownCurrent decline from peak | -3.85% | -11.35% | +7.50% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -5.36% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.49% | -0.66% |
Volatility
TVC vs. IEF - Volatility Comparison
The current volatility for Tennessee Valley Authority PARRS D 2028 (TVC) is 1.12%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.41%. This indicates that TVC experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TVC | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.41% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 3.49% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.65% | 4.73% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.86% | 7.71% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.18% | 6.63% | +4.55% |
Dividends
TVC vs. IEF - Dividend Comparison
TVC's dividend yield for the trailing twelve months is around 2.23%, less than IEF's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.90% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
TVC Tennessee Valley Authority PARRS D 2028 | 2.23% | 2.22% | 2.37% | 2.32% | 2.41% | 2.04% | 2.79% | 3.32% | 3.59% | 3.54% | 3.58% | 3.69% |
Frequently Asked Questions
TVC and IEF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEF has higher volatility (1.41%) compared to TVC (1.12%). In terms of maximum drawdown, TVC dropped -25.14% vs IEF's -23.93%.
TVC currently has the higher Sharpe Ratio (0.73 vs 0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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