Correlation
The correlation between ^GSPTXDV and ^TNX is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^GSPTXDV vs. ^TNX
Compare and contrast key facts about S&P/TSX Dividend Aristocrats (^GSPTXDV) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GSPTXDV or ^TNX.
Performance
^GSPTXDV vs. ^TNX - Performance Comparison
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Key characteristics
^GSPTXDV:
1.69
^TNX:
-0.14
^GSPTXDV:
2.23
^TNX:
-0.02
^GSPTXDV:
1.32
^TNX:
1.00
^GSPTXDV:
1.41
^TNX:
-0.05
^GSPTXDV:
4.53
^TNX:
-0.26
^GSPTXDV:
3.98%
^TNX:
10.70%
^GSPTXDV:
10.85%
^TNX:
22.14%
^GSPTXDV:
-46.09%
^TNX:
-93.78%
^GSPTXDV:
-1.41%
^TNX:
-44.96%
Returns By Period
In the year-to-date period, ^GSPTXDV achieves a 3.25% return, which is significantly higher than ^TNX's -3.43% return. Over the past 10 years, ^GSPTXDV has underperformed ^TNX with an annualized return of 3.35%, while ^TNX has yielded a comparatively higher 6.90% annualized return.
^GSPTXDV
3.25%
4.53%
-0.81%
18.00%
4.76%
10.84%
3.35%
^TNX
-3.43%
4.37%
5.70%
-2.17%
15.80%
46.79%
6.90%
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Risk-Adjusted Performance
^GSPTXDV vs. ^TNX — Risk-Adjusted Performance Rank
^GSPTXDV
^TNX
^GSPTXDV vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/TSX Dividend Aristocrats (^GSPTXDV) 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
^GSPTXDV vs. ^TNX - Drawdown Comparison
The maximum ^GSPTXDV drawdown since its inception was -46.09%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ^GSPTXDV and ^TNX.
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Volatility
^GSPTXDV vs. ^TNX - Volatility Comparison
The current volatility for S&P/TSX Dividend Aristocrats (^GSPTXDV) is 2.03%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.87%. This indicates that ^GSPTXDV 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.
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