^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:
-0.33
^GSPC:
0.25
^TNX:
-0.33
^GSPC:
0.41
^TNX:
0.96
^GSPC:
1.06
^TNX:
-0.13
^GSPC:
0.30
^TNX:
-0.64
^GSPC:
1.15
^TNX:
11.09%
^GSPC:
3.18%
^TNX:
21.50%
^GSPC:
14.78%
^TNX:
-93.78%
^GSPC:
-56.78%
^TNX:
-49.46%
^GSPC:
-12.17%
Returns By Period
In the year-to-date period, ^TNX achieves a -11.33% return, which is significantly lower than ^GSPC's -8.25% return. Over the past 10 years, ^TNX has underperformed ^GSPC with an annualized return of 7.88%, while ^GSPC has yielded a comparatively higher 10.02% annualized return.
^TNX
-11.33%
-3.68%
5.32%
-6.89%
47.37%
7.88%
^GSPC
-8.25%
-6.60%
-5.32%
3.55%
16.80%
10.02%
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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
The current volatility for Treasury Yield 10 Years (^TNX) is 6.55%, while S&P 500 (^GSPC) has a volatility of 7.38%. 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.