^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.
Key characteristics
| ^TYX | ^TNX | |
|---|---|---|
| YTD Return | 12.37% | 12.67% |
| 1Y Return | 16.66% | 22.74% |
| 3Y Return (Ann) | 18.79% | 38.75% |
| 5Y Return (Ann) | 7.39% | 12.77% |
| 10Y Return (Ann) | 2.31% | 5.65% |
| Sharpe Ratio | 0.88 | 0.96 |
| Daily Std Dev | 19.25% | 25.17% |
| Max Drawdown | -93.84% | -93.78% |
| Current Drawdown | -70.31% | -45.71% |
Correlation
The correlation between ^TYX and ^TNX is 0.91, 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. ^TNX - Performance Comparison
The year-to-date returns for both investments are quite close, with ^TYX having a 12.37% return and ^TNX slightly higher at 12.67%. Over the past 10 years, ^TYX has underperformed ^TNX with an annualized return of 2.31%, while ^TNX has yielded a comparatively higher 5.65% 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. ^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 -93.84%, roughly equal to 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
The current volatility for Treasury Yield 30 Years (^TYX) is 4.03%, while Treasury Yield 10 Years (^TNX) has a volatility of 4.95%. This indicates that ^TYX experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.