UTEN vs. PLD
Compare and contrast key facts about US Treasury 10 Year Note ETF (UTEN) and Prologis, Inc. (PLD).
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 PLD.
Key characteristics
| UTEN | PLD | |
|---|---|---|
| YTD Return | 4.09% | -2.46% |
| 1Y Return | 9.25% | 7.64% |
| Sharpe Ratio | 1.06 | 0.25 |
| Daily Std Dev | 8.30% | 26.18% |
| Max Drawdown | -13.36% | -84.70% |
| Current Drawdown | -1.00% | -21.15% |
Correlation
The correlation between UTEN and PLD is 0.25, 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. PLD - Performance Comparison
In the year-to-date period, UTEN achieves a 4.09% return, which is significantly higher than PLD's -2.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
UTEN vs. PLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) and Prologis, Inc. (PLD). 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.
Dividends
UTEN vs. PLD - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 3.87%, more than PLD's 2.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | 3.87% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PLD Prologis, Inc. | 2.95% | 2.61% | 2.80% | 1.50% | 2.33% | 2.38% | 3.27% | 2.73% | 3.18% | 3.54% | 3.07% | 3.03% |
Drawdowns
UTEN vs. PLD - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum PLD drawdown of -84.70%. Use the drawdown chart below to compare losses from any high point for UTEN and PLD. For additional features, visit the drawdowns tool.
Volatility
UTEN vs. PLD - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 1.69%, while Prologis, Inc. (PLD) has a volatility of 5.36%. This indicates that UTEN experiences smaller price fluctuations and is considered to be less risky than PLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.