^TYX vs. PST
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and ProShares UltraShort 7-10 Year Treasury (PST).
PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or PST.
Performance
^TYX vs. PST - Performance Comparison
Returns By Period
In the year-to-date period, ^TYX achieves a 15.00% return, which is significantly higher than PST's 10.97% return. Over the past 10 years, ^TYX has outperformed PST with an annualized return of 4.24%, while PST has yielded a comparatively lower 0.32% annualized return.
^TYX
15.00%
2.87%
0.92%
1.65%
15.49%
4.24%
PST
10.97%
3.71%
0.25%
2.77%
6.51%
0.32%
Key characteristics
| ^TYX | PST | |
|---|---|---|
| Sharpe Ratio | 0.11 | 0.20 |
| Sortino Ratio | 0.31 | 0.40 |
| Omega Ratio | 1.03 | 1.04 |
| Calmar Ratio | 0.04 | 0.04 |
| Martin Ratio | 0.26 | 0.44 |
| Ulcer Index | 8.47% | 6.64% |
| Daily Std Dev | 19.81% | 14.28% |
| Max Drawdown | -88.52% | -79.25% |
| Current Drawdown | -43.35% | -64.53% |
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Correlation
The correlation between ^TYX and PST is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
^TYX vs. PST - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and ProShares UltraShort 7-10 Year Treasury (PST). 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
^TYX vs. PST - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -88.52%, which is greater than PST's maximum drawdown of -79.25%. Use the drawdown chart below to compare losses from any high point for ^TYX and PST. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. PST - Volatility Comparison
Treasury Yield 30 Years (^TYX) has a higher volatility of 6.01% compared to ProShares UltraShort 7-10 Year Treasury (PST) at 3.97%. This indicates that ^TYX's price experiences larger fluctuations and is considered to be riskier than PST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.