^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:
-0.43
TBX:
-0.01
^TYX:
-0.50
TBX:
0.03
^TYX:
0.95
TBX:
1.00
^TYX:
-0.15
TBX:
-0.00
^TYX:
-0.90
TBX:
-0.03
^TYX:
8.68%
TBX:
3.02%
^TYX:
18.58%
TBX:
7.29%
^TYX:
-88.52%
TBX:
-41.03%
^TYX:
-46.22%
TBX:
-21.99%
Returns By Period
In the year-to-date period, ^TYX achieves a -8.32% return, which is significantly lower than TBX's -4.13% return. Over the past 10 years, ^TYX has outperformed TBX with an annualized return of 5.52%, while TBX has yielded a comparatively lower 0.76% annualized return.
^TYX
-8.32%
-3.71%
2.84%
-1.88%
28.66%
5.52%
TBX
-4.13%
-2.25%
1.04%
0.21%
5.39%
0.76%
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Risk-Adjusted Performance
^TYX vs. TBX — Risk-Adjusted Performance Rank
^TYX
TBX
^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 -41.03%. 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 5.25% compared to ProShares Short 7-10 Year Treasury (TBX) at 3.11%. 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.