Correlation
The correlation between ^FVX and ^TNX is 0.18, 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.
^FVX vs. ^TNX
Compare and contrast key facts about Treasury Yield 5 Years (^FVX) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^FVX or ^TNX.
Performance
^FVX vs. ^TNX - Performance Comparison
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Key characteristics
^FVX:
-0.41
^TNX:
0.03
^FVX:
-0.31
^TNX:
0.30
^FVX:
0.96
^TNX:
1.03
^FVX:
-0.14
^TNX:
0.04
^FVX:
-0.59
^TNX:
0.20
^FVX:
13.70%
^TNX:
10.66%
^FVX:
24.49%
^TNX:
22.18%
^FVX:
-97.53%
^TNX:
-93.78%
^FVX:
-48.35%
^TNX:
-43.80%
Returns By Period
In the year-to-date period, ^FVX achieves a -6.89% return, which is significantly lower than ^TNX's -1.40% return. Over the past 10 years, ^FVX has outperformed ^TNX with an annualized return of 10.34%, while ^TNX has yielded a comparatively lower 7.75% annualized return.
^FVX
-6.89%
4.99%
-2.67%
-9.94%
13.94%
65.04%
10.34%
^TNX
-1.40%
5.70%
4.81%
0.94%
17.78%
47.00%
7.75%
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Risk-Adjusted Performance
^FVX vs. ^TNX — Risk-Adjusted Performance Rank
^FVX
^TNX
^FVX vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 5 Years (^FVX) 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.
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Drawdowns
^FVX vs. ^TNX - Drawdown Comparison
The maximum ^FVX drawdown since its inception was -97.53%, roughly equal to the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ^FVX and ^TNX.
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Volatility
^FVX vs. ^TNX - Volatility Comparison
Treasury Yield 5 Years (^FVX) has a higher volatility of 7.21% compared to Treasury Yield 10 Years (^TNX) at 5.74%. This indicates that ^FVX'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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