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^TNX vs. ^FVX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^TNX and ^FVX 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. ^FVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Treasury Yield 10 Years (^TNX) and Treasury Yield 5 Years (^FVX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

^TNX:

0.02

^FVX:

-0.35

Sortino Ratio

^TNX:

0.23

^FVX:

-0.28

Omega Ratio

^TNX:

1.03

^FVX:

0.97

Calmar Ratio

^TNX:

0.02

^FVX:

-0.13

Martin Ratio

^TNX:

0.11

^FVX:

-0.56

Ulcer Index

^TNX:

10.61%

^FVX:

13.54%

Daily Std Dev

^TNX:

22.05%

^FVX:

24.42%

Max Drawdown

^TNX:

-93.78%

^FVX:

-97.53%

Current Drawdown

^TNX:

-43.92%

^FVX:

-47.81%

Returns By Period

In the year-to-date period, ^TNX achieves a -1.62% return, which is significantly higher than ^FVX's -5.91% return. Over the past 10 years, ^TNX has underperformed ^FVX with an annualized return of 7.74%, while ^FVX has yielded a comparatively higher 10.98% annualized return.


^TNX

YTD

-1.62%

1M

3.09%

6M

1.08%

1Y

1.21%

5Y*

47.98%

10Y*

7.74%

^FVX

YTD

-5.91%

1M

3.08%

6M

-4.19%

1Y

-7.56%

5Y*

68.41%

10Y*

10.98%

*Annualized

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Risk-Adjusted Performance

^TNX vs. ^FVX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^TNX
The Risk-Adjusted Performance Rank of ^TNX is 2424
Overall Rank
The Sharpe Ratio Rank of ^TNX is 2424
Sharpe Ratio Rank
The Sortino Ratio Rank of ^TNX is 2424
Sortino Ratio Rank
The Omega Ratio Rank of ^TNX is 2424
Omega Ratio Rank
The Calmar Ratio Rank of ^TNX is 2424
Calmar Ratio Rank
The Martin Ratio Rank of ^TNX is 2424
Martin Ratio Rank

^FVX
The Risk-Adjusted Performance Rank of ^FVX is 1313
Overall Rank
The Sharpe Ratio Rank of ^FVX is 1111
Sharpe Ratio Rank
The Sortino Ratio Rank of ^FVX is 1313
Sortino Ratio Rank
The Omega Ratio Rank of ^FVX is 1313
Omega Ratio Rank
The Calmar Ratio Rank of ^FVX is 1414
Calmar Ratio Rank
The Martin Ratio Rank of ^FVX is 1414
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^TNX vs. ^FVX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and Treasury Yield 5 Years (^FVX). 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.


The current ^TNX Sharpe Ratio is 0.02, which is higher than the ^FVX Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of ^TNX and ^FVX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Drawdowns

^TNX vs. ^FVX - Drawdown Comparison

The maximum ^TNX drawdown since its inception was -93.78%, roughly equal to the maximum ^FVX drawdown of -97.53%. Use the drawdown chart below to compare losses from any high point for ^TNX and ^FVX. For additional features, visit the drawdowns tool.


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Volatility

^TNX vs. ^FVX - Volatility Comparison

The current volatility for Treasury Yield 10 Years (^TNX) is 6.38%, while Treasury Yield 5 Years (^FVX) has a volatility of 8.11%. This indicates that ^TNX experiences smaller price fluctuations and is considered to be less risky than ^FVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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