^TYX vs. ^TNX
Compare and contrast key facts about Treasury Yield 30 Years (^TYX) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^TYX or ^TNX.
Performance
^TYX vs. ^TNX - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with ^TYX having a 14.26% return and ^TNX slightly lower at 13.97%. Over the past 10 years, ^TYX has underperformed ^TNX with an annualized return of 4.17%, while ^TNX has yielded a comparatively higher 6.67% annualized return.
^TYX
14.26%
2.34%
0.90%
0.26%
15.35%
4.17%
^TNX
13.97%
5.36%
-0.63%
-0.27%
20.04%
6.67%
Key characteristics
| ^TYX | ^TNX | |
|---|---|---|
| Sharpe Ratio | 0.07 | -0.02 |
| Sortino Ratio | 0.24 | 0.15 |
| Omega Ratio | 1.03 | 1.02 |
| Calmar Ratio | 0.03 | -0.01 |
| Martin Ratio | 0.15 | -0.03 |
| Ulcer Index | 8.51% | 11.02% |
| Daily Std Dev | 19.80% | 22.96% |
| Max Drawdown | -88.52% | -93.78% |
| Current Drawdown | -43.72% | -45.08% |
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Correlation
The correlation between ^TYX and ^TNX is 0.94, 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. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Treasury Yield 30 Years (^TYX) and Treasury Yield 10 Years (^TNX). 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. ^TNX - Drawdown Comparison
The maximum ^TYX drawdown since its inception was -88.52%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for ^TYX and ^TNX. For additional features, visit the drawdowns tool.
Volatility
^TYX vs. ^TNX - Volatility Comparison
Treasury Yield 30 Years (^TYX) and Treasury Yield 10 Years (^TNX) have volatilities of 6.00% and 5.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.