^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
Key characteristics
^TNX:
0.31
^GSPC:
1.74
^TNX:
0.60
^GSPC:
2.35
^TNX:
1.07
^GSPC:
1.32
^TNX:
0.12
^GSPC:
2.61
^TNX:
0.62
^GSPC:
10.66
^TNX:
10.42%
^GSPC:
2.08%
^TNX:
21.11%
^GSPC:
12.77%
^TNX:
-93.78%
^GSPC:
-56.78%
^TNX:
-43.36%
^GSPC:
0.00%
Returns By Period
In the year-to-date period, ^TNX achieves a -0.63% return, which is significantly lower than ^GSPC's 4.46% return. Over the past 10 years, ^TNX has underperformed ^GSPC with an annualized return of 7.89%, while ^GSPC has yielded a comparatively higher 11.31% annualized return.
^TNX
-0.63%
-1.41%
20.28%
6.29%
25.44%
7.89%
^GSPC
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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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.
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.
Volatility
^TNX vs. ^GSPC - Volatility Comparison
Treasury Yield 10 Years (^TNX) has a higher volatility of 5.68% compared to S&P 500 (^GSPC) at 3.07%. This indicates that ^TNX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.