^TNX vs. ^GSPC
Compare and contrast key facts about Treasury Yield 10 Years (^TNX) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TNX or ^GSPC.
Correlation
The correlation between ^TNX and ^GSPC 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. ^GSPC - Performance Comparison
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Key characteristics
^TNX:
-0.08
^GSPC:
0.44
^TNX:
0.03
^GSPC:
0.79
^TNX:
1.00
^GSPC:
1.12
^TNX:
-0.04
^GSPC:
0.48
^TNX:
-0.19
^GSPC:
1.85
^TNX:
10.59%
^GSPC:
4.92%
^TNX:
22.01%
^GSPC:
19.37%
^TNX:
-93.78%
^GSPC:
-56.78%
^TNX:
-45.47%
^GSPC:
-7.88%
Returns By Period
In the year-to-date period, ^TNX achieves a -4.33% return, which is significantly lower than ^GSPC's -3.77% return. Over the past 10 years, ^TNX has underperformed ^GSPC with an annualized return of 6.75%, while ^GSPC has yielded a comparatively higher 10.46% annualized return.
^TNX
-4.33%
-0.43%
1.60%
-2.86%
43.39%
6.75%
^GSPC
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
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Risk-Adjusted Performance
^TNX vs. ^GSPC — Risk-Adjusted Performance Rank
^TNX
^GSPC
^TNX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 10 Years (^TNX) and S&P 500 (^GSPC). 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. ^GSPC - Drawdown Comparison
The maximum ^TNX drawdown since its inception was -93.78%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ^TNX and ^GSPC. For additional features, visit the drawdowns tool.
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Volatility
^TNX vs. ^GSPC - Volatility Comparison
The current volatility for Treasury Yield 10 Years (^TNX) is 6.44%, while S&P 500 (^GSPC) has a volatility of 6.82%. This indicates that ^TNX experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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