^TYX vs. VGLT
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and Vanguard Long-Term Treasury ETF (VGLT).
VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or VGLT.
Key characteristics
| ^TYX | VGLT | |
|---|---|---|
| YTD Return | 2.21% | 2.22% |
| 1Y Return | -4.33% | 7.97% |
| 3Y Return (Ann) | 23.00% | -9.53% |
| 5Y Return (Ann) | 12.30% | -5.02% |
| 10Y Return (Ann) | 2.23% | 0.83% |
| Sharpe Ratio | -0.71 | 0.54 |
| Daily Std Dev | 19.98% | 15.27% |
| Max Drawdown | -93.84% | -46.18% |
| Current Drawdown | -72.99% | -34.33% |
Correlation
The correlation between ^TYX and VGLT is -0.90. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
^TYX vs. VGLT - Performance Comparison
The year-to-date returns for both investments are quite close, with ^TYX having a 2.21% return and VGLT slightly higher at 2.22%. Over the past 10 years, ^TYX has outperformed VGLT with an annualized return of 2.23%, while VGLT has yielded a comparatively lower 0.83% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^TYX vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -93.84%, which is greater than VGLT's maximum drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for ^TYX and VGLT. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. VGLT - Volatility Comparison
Treasury Yield 30 Years (^TYX) has a higher volatility of 6.90% compared to Vanguard Long-Term Treasury ETF (VGLT) at 4.43%. This indicates that ^TYX's price experiences larger fluctuations and is considered to be riskier than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.