^DXY vs. ^TNX
Compare and contrast key facts about US Dollar Currency Index (^DXY) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DXY or ^TNX.
Correlation
The correlation between ^DXY and ^TNX is 0.11, 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
^DXY vs. ^TNX - Performance Comparison
Key characteristics
^DXY:
0.50
^TNX:
0.31
^DXY:
0.75
^TNX:
0.60
^DXY:
1.09
^TNX:
1.07
^DXY:
0.08
^TNX:
0.12
^DXY:
1.30
^TNX:
0.62
^DXY:
2.29%
^TNX:
10.42%
^DXY:
5.83%
^TNX:
21.11%
^DXY:
-56.70%
^TNX:
-93.78%
^DXY:
-35.01%
^TNX:
-43.36%
Returns By Period
In the year-to-date period, ^DXY achieves a -1.32% return, which is significantly lower than ^TNX's -0.63% return. Over the past 10 years, ^DXY has underperformed ^TNX with an annualized return of 1.15%, while ^TNX has yielded a comparatively higher 7.89% annualized return.
^DXY
-1.32%
-2.10%
5.53%
2.65%
1.25%
1.15%
^TNX
-0.63%
-1.41%
19.02%
5.80%
24.51%
7.89%
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Risk-Adjusted Performance
^DXY vs. ^TNX — Risk-Adjusted Performance Rank
^DXY
^TNX
^DXY vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) and Treasury Yield 10 Years (^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.
Drawdowns
^DXY vs. ^TNX - Drawdown Comparison
The maximum ^DXY drawdown since its inception was -56.70%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ^DXY and ^TNX. For additional features, visit the drawdowns tool.
Volatility
^DXY vs. ^TNX - Volatility Comparison
The current volatility for US Dollar Currency Index (^DXY) is 2.20%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.68%. This indicates that ^DXY experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.