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 0.16, 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
Key characteristics
UTEN:
0.21
^GSPC:
1.74
UTEN:
0.34
^GSPC:
2.35
UTEN:
1.04
^GSPC:
1.32
UTEN:
0.15
^GSPC:
2.61
UTEN:
0.41
^GSPC:
10.66
UTEN:
3.50%
^GSPC:
2.08%
UTEN:
7.02%
^GSPC:
12.77%
UTEN:
-13.36%
^GSPC:
-56.78%
UTEN:
-5.74%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, UTEN achieves a 0.78% return, which is significantly lower than ^GSPC's 4.46% return.
UTEN
0.78%
0.90%
-3.95%
1.72%
N/A
N/A
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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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 1.89%, while S&P 500 (^GSPC) has a volatility of 3.07%. 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.