^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.
Performance
^TYX vs. TBX - Performance Comparison
Returns By Period
In the year-to-date period, ^TYX achieves a 15.00% return, which is significantly higher than TBX's 6.99% return. Over the past 10 years, ^TYX has outperformed TBX with an annualized return of 4.24%, while TBX has yielded a comparatively lower 0.61% annualized return.
^TYX
15.00%
2.87%
0.92%
1.65%
15.49%
4.24%
TBX
6.99%
1.84%
1.04%
3.48%
4.03%
0.61%
Key characteristics
| ^TYX | TBX | |
|---|---|---|
| Sharpe Ratio | 0.11 | 0.48 |
| Sortino Ratio | 0.31 | 0.74 |
| Omega Ratio | 1.03 | 1.08 |
| Calmar Ratio | 0.04 | 0.14 |
| Martin Ratio | 0.26 | 1.18 |
| Ulcer Index | 8.47% | 3.02% |
| Daily Std Dev | 19.81% | 7.40% |
| Max Drawdown | -88.52% | -41.04% |
| Current Drawdown | -43.35% | -19.78% |
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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.
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 6.01% compared to ProShares Short 7-10 Year Treasury (TBX) at 2.13%. 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.