^TNX vs. SPY
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TNX or SPY.
Correlation
The correlation between ^TNX and SPY 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.
Performance
^TNX vs. SPY - Performance Comparison
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Key characteristics
^TNX:
0.05
SPY:
0.55
^TNX:
0.31
SPY:
0.94
^TNX:
1.03
SPY:
1.14
^TNX:
0.04
SPY:
0.61
^TNX:
0.22
SPY:
2.35
^TNX:
10.65%
SPY:
4.89%
^TNX:
22.00%
SPY:
20.34%
^TNX:
-93.78%
SPY:
-55.19%
^TNX:
-44.15%
SPY:
-4.62%
Returns By Period
In the year-to-date period, ^TNX achieves a -2.01% return, which is significantly lower than SPY's -0.25% return. Over the past 10 years, ^TNX has underperformed SPY with an annualized return of 7.30%, while SPY has yielded a comparatively higher 12.52% annualized return.
^TNX
-2.01%
1.73%
1.70%
1.52%
17.15%
45.93%
7.30%
SPY
-0.25%
13.42%
-0.66%
11.09%
16.05%
16.24%
12.52%
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Risk-Adjusted Performance
^TNX vs. SPY — Risk-Adjusted Performance Rank
^TNX
SPY
^TNX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and SPDR S&P 500 ETF (SPY). 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
^TNX vs. SPY - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^TNX and SPY. For additional features, visit the drawdowns tool.
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Volatility
^TNX vs. SPY - Volatility Comparison
Treasury Yield 10 Years (^TNX) has a higher volatility of 5.39% compared to SPDR S&P 500 ETF (SPY) at 4.79%. This indicates that ^TNX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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