^TYX vs. TBX
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and ProShares Short 7-10 Year Treasury (TBX).
TBX is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-100%). It was launched on Apr 4, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or TBX.
Correlation
The correlation between ^TYX and TBX is 0.79, 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.
Performance
^TYX vs. TBX - Performance Comparison
Key characteristics
^TYX:
0.95
TBX:
1.21
^TYX:
1.52
TBX:
1.86
^TYX:
1.16
TBX:
1.21
^TYX:
0.35
TBX:
0.33
^TYX:
2.24
TBX:
3.13
^TYX:
8.14%
TBX:
2.73%
^TYX:
19.32%
TBX:
7.03%
^TYX:
-88.52%
TBX:
-41.04%
^TYX:
-42.20%
TBX:
-18.99%
Returns By Period
In the year-to-date period, ^TYX achieves a 17.34% return, which is significantly higher than TBX's 8.03% return. Over the past 10 years, ^TYX has outperformed TBX with an annualized return of 5.03%, while TBX has yielded a comparatively lower 0.74% annualized return.
^TYX
17.34%
2.70%
7.23%
16.85%
14.71%
5.03%
TBX
8.03%
0.97%
3.47%
8.48%
4.00%
0.74%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^TYX vs. TBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and ProShares Short 7-10 Year Treasury (TBX). 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. TBX - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -88.52%, which is greater than TBX's maximum drawdown of -41.04%. Use the drawdown chart below to compare losses from any high point for ^TYX and TBX. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. TBX - Volatility Comparison
Treasury Yield 30 Years (^TYX) has a higher volatility of 5.82% compared to ProShares Short 7-10 Year Treasury (TBX) at 1.91%. This indicates that ^TYX's price experiences larger fluctuations and is considered to be riskier than TBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.