UTHY vs. ^TYX
UTHY (US Treasury 30 Year Bond ETF) is Government Bonds fund tracking the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross, while ^TYX (Treasury Yield 30 Years) is an index. Over the past 3 years, UTHY returned -1.83%/yr vs 8.35%/yr for ^TYX. At a correlation of -0.96, they often move in opposite directions.
Performance
UTHY vs. ^TYX - Performance Comparison
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Returns By Period
In the year-to-date period, UTHY achieves a 1.96% return, which is significantly higher than ^TYX's 0.37% return.
UTHY
- 1D
- -0.07%
- 1M
- 3.03%
- YTD
- 1.96%
- 6M
- 1.18%
- 1Y
- 4.07%
- 3Y*
- -1.83%
- 5Y*
- —
- 10Y*
- —
^TYX
- 1D
- -0.88%
- 1M
- -3.34%
- YTD
- 0.37%
- 6M
- 1.25%
- 1Y
- 0.33%
- 3Y*
- 8.35%
- 5Y*
- 17.50%
- 10Y*
- 7.86%
UTHY vs. ^TYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | 1.96% | 3.47% | -8.07% | -2.77% |
^TYX Treasury Yield 30 Years | 0.37% | 1.13% | 19.08% | 6.89% |
Correlation
The correlation between UTHY and ^TYX is -0.94, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | -0.96 |
The correlation between UTHY and ^TYX has been stable across timeframes, ranging from -0.96 to -0.94 - a consistent structural relationship.
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Return for Risk
UTHY vs. ^TYX — Risk / Return Rank
UTHY
^TYX
UTHY vs. ^TYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) and Treasury Yield 30 Years (^TYX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UTHY | ^TYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.01 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.04 | +0.52 |
| Martin ratioReturn relative to average drawdown | 1.34 | 0.07 | +1.27 |
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Drawdowns
UTHY vs. ^TYX - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, smaller than the maximum ^TYX drawdown of -93.84%. Use the drawdown chart below to compare losses from any high point for UTHY and ^TYX.
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Drawdown Indicators
| UTHY | ^TYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.86% | -93.84% | +71.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -9.55% | +2.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.58% | -22.85% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.86% | — |
Current DrawdownCurrent decline from peak | -9.39% | -68.06% | +58.67% |
Average DrawdownAverage peak-to-trough decline | -10.70% | -56.71% | +46.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 4.47% | -1.43% |
Volatility
UTHY vs. ^TYX - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) and Treasury Yield 30 Years (^TYX) have volatilities of 2.42% and 2.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UTHY | ^TYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 2.49% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 8.10% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.20% | 12.06% | -2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.58% | 25.14% | -11.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.58% | 33.53% | -19.95% |
Frequently Asked Questions
UTHY and ^TYX have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TYX has higher volatility (2.49%) compared to UTHY (2.42%). In terms of maximum drawdown, UTHY dropped -21.86% vs ^TYX's -93.84%.
UTHY currently has the higher Sharpe Ratio (0.44 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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