UTEN vs. PSA
Compare and contrast key facts about US Treasury 10 Year Note ETF (UTEN) and Public Storage (PSA).
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 PSA.
Key characteristics
| UTEN | PSA | |
|---|---|---|
| YTD Return | -0.11% | 14.64% |
| 1Y Return | 6.60% | 43.34% |
| Sharpe Ratio | 0.70 | 1.76 |
| Sortino Ratio | 1.04 | 2.43 |
| Omega Ratio | 1.12 | 1.30 |
| Calmar Ratio | 0.50 | 1.13 |
| Martin Ratio | 1.99 | 5.57 |
| Ulcer Index | 2.73% | 7.36% |
| Daily Std Dev | 7.74% | 23.27% |
| Max Drawdown | -13.36% | -55.80% |
| Current Drawdown | -4.98% | -7.81% |
Correlation
The correlation between UTEN and PSA is 0.31, 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. PSA - Performance Comparison
In the year-to-date period, UTEN achieves a -0.11% return, which is significantly lower than PSA's 14.64% 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. PSA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) and Public Storage (PSA). 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. PSA - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.09%, more than PSA's 3.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | 4.09% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSA Public Storage | 3.54% | 3.93% | 7.55% | 2.14% | 3.46% | 3.76% | 3.95% | 3.83% | 3.27% | 2.62% | 3.03% | 3.42% |
Drawdowns
UTEN vs. PSA - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum PSA drawdown of -55.80%. Use the drawdown chart below to compare losses from any high point for UTEN and PSA. For additional features, visit the drawdowns tool.
Volatility
UTEN vs. PSA - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 2.34%, while Public Storage (PSA) has a volatility of 8.92%. This indicates that UTEN experiences smaller price fluctuations and is considered to be less risky than PSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.