UTEN vs. ^GSPC
Compare and contrast key facts about US Treasury 10 Year Note ETF (UTEN) and S&P 500 (^GSPC).
UTEN is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTEN or ^GSPC.
Correlation
The correlation between UTEN and ^GSPC is 0.13, 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
UTEN vs. ^GSPC - Performance Comparison
Key characteristics
UTEN:
0.82
^GSPC:
0.51
UTEN:
1.22
^GSPC:
0.84
UTEN:
1.14
^GSPC:
1.12
UTEN:
0.66
^GSPC:
0.52
UTEN:
1.63
^GSPC:
2.02
UTEN:
3.59%
^GSPC:
4.87%
UTEN:
7.19%
^GSPC:
19.36%
UTEN:
-13.36%
^GSPC:
-56.78%
UTEN:
-2.86%
^GSPC:
-8.35%
Returns By Period
In the year-to-date period, UTEN achieves a 3.85% return, which is significantly higher than ^GSPC's -4.26% return.
UTEN
3.85%
-0.24%
3.51%
5.48%
N/A
N/A
^GSPC
-4.26%
11.24%
-5.02%
8.55%
14.02%
10.31%
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Risk-Adjusted Performance
UTEN vs. ^GSPC — Risk-Adjusted Performance Rank
UTEN
^GSPC
UTEN vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) 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
UTEN vs. ^GSPC - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for UTEN and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
UTEN vs. ^GSPC - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 2.15%, while S&P 500 (^GSPC) has a volatility of 11.43%. This indicates that UTEN 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.