VT vs. ^TNX
VT (Vanguard Total World Stock ETF) is Global Equities fund tracking the FTSE Global All Cap Index, while ^TNX (Cboe 10-Year Treasury Note Yield Index) is an index. Over the past 10 years, VT returned 13.03%/yr vs 10.69%/yr for ^TNX. At a 0.25 correlation, their price movements are largely independent.
Performance
VT vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, VT achieves a 12.78% return, which is significantly higher than ^TNX's 7.35% return. Over the past 10 years, VT has outperformed ^TNX with an annualized return of 13.03%, while ^TNX has yielded a comparatively lower 10.69% annualized return.
VT
- 1D
- 1.55%
- 1M
- 3.39%
- YTD
- 12.78%
- 6M
- 13.56%
- 1Y
- 29.41%
- 3Y*
- 19.92%
- 5Y*
- 11.15%
- 10Y*
- 13.03%
^TNX
- 1D
- -0.40%
- 1M
- -2.74%
- YTD
- 7.35%
- 6M
- 6.86%
- 1Y
- 1.02%
- 3Y*
- 5.84%
- 5Y*
- 23.29%
- 10Y*
- 10.69%
VT vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VT Vanguard Total World Stock ETF | 12.78% | 22.43% | 16.49% | 22.02% | -18.00% | 18.27% | 16.59% | 26.81% | -9.76% | 24.50% |
^TNX Cboe 10-Year Treasury Note Yield Index | 7.35% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | -1.68% |
Correlation
The correlation between VT and ^TNX is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2008 | 0.25 |
The correlation between VT and ^TNX shifts across timeframes, from -0.30 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VT vs. ^TNX — Risk / Return Rank
VT
^TNX
VT vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total World Stock ETF (VT) and Cboe 10-Year Treasury Note Yield Index (^TNX). 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.
| VT | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.14 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.02 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 0.09 | +2.97 |
| Martin ratioReturn relative to average drawdown | 13.29 | 0.15 | +13.13 |
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Drawdowns
VT vs. ^TNX - Drawdown Comparison
The maximum VT drawdown since its inception was -50.27%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for VT and ^TNX.
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Drawdown Indicators
| VT | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -96.85% | +46.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -11.94% | +2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -27.41% | +10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -26.38% | -27.41% | +1.03% |
Max Drawdown (10Y)Largest decline over 10 years | -34.24% | -84.57% | +50.33% |
Current DrawdownCurrent decline from peak | -0.40% | -71.79% | +71.39% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -55.00% | +47.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 6.59% | -4.37% |
Volatility
VT vs. ^TNX - Volatility Comparison
Vanguard Total World Stock ETF (VT) has a higher volatility of 5.46% compared to Cboe 10-Year Treasury Note Yield Index (^TNX) at 5.03%. This indicates that VT's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VT | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 5.03% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 10.72% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 15.13% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 32.36% | -16.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 47.98% | -30.70% |
Frequently Asked Questions
VT and ^TNX have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VT has higher volatility (5.46%) compared to ^TNX (5.03%). In terms of maximum drawdown, VT dropped -50.27% vs ^TNX's -96.85%.
VT currently has the higher Sharpe Ratio (2.21 vs 0.07), 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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