^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
Key characteristics
^TNX:
-0.35
SPY:
0.72
^TNX:
-0.37
SPY:
1.13
^TNX:
0.96
SPY:
1.17
^TNX:
-0.14
SPY:
0.76
^TNX:
-0.74
SPY:
3.04
^TNX:
10.53%
SPY:
4.72%
^TNX:
21.94%
SPY:
20.06%
^TNX:
-93.78%
SPY:
-55.19%
^TNX:
-46.13%
SPY:
-7.25%
Returns By Period
In the year-to-date period, ^TNX achieves a -5.49% return, which is significantly lower than SPY's -3.01% return. Over the past 10 years, ^TNX has underperformed SPY with an annualized return of 7.09%, while SPY has yielded a comparatively higher 12.46% annualized return.
^TNX
-5.49%
8.46%
-0.89%
-3.96%
45.97%
7.09%
SPY
-3.01%
12.17%
-0.12%
12.26%
16.40%
12.46%
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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.
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.
Volatility
^TNX vs. SPY - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 9.23%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.07%. This indicates that ^TNX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.