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.
Key characteristics
| UTEN | ^GSPC | |
|---|---|---|
| YTD Return | -0.10% | 21.24% |
| 1Y Return | 6.64% | 32.45% |
| Sharpe Ratio | 0.78 | 2.70 |
| Sortino Ratio | 1.16 | 3.58 |
| Omega Ratio | 1.14 | 1.50 |
| Calmar Ratio | 0.55 | 3.49 |
| Martin Ratio | 2.24 | 17.22 |
| Ulcer Index | 2.67% | 1.90% |
| Daily Std Dev | 7.64% | 12.13% |
| Max Drawdown | -13.36% | -56.78% |
| Current Drawdown | -4.98% | -1.40% |
Correlation
The correlation between UTEN and ^GSPC is 0.16, 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
In the year-to-date period, UTEN achieves a -0.10% return, which is significantly lower than ^GSPC's 21.24% 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. ^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 1.71%, while S&P 500 (^GSPC) has a volatility of 3.19%. 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.