CAF vs TBT
Comparison between Morgan Stanley China A Share Fund Inc (CAF, ETF) and PROSHARES ULTRASHORT 20+ YEAR TREASURY (TBT, ETF).
5-Year PerformanceTBT has outperformed CAF, delivering a return of +15.6% compared to -1.7%
CAF vs TBT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
CAF vs TBT - Historical Returns
Returns include dividend reinvestment.
CAF vs TBT - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | CAF | TBT |
|---|---|---|
| 2026 | +8.72% | +3.88% |
| 2025 | +42.50% | -1.41% |
| 2024 | +0.52% | +25.84% |
| 2023 | -9.64% | +1.22% |
| 2022 | -31.42% | +83.83% |
| 2021 | -2.55% | +2.55% |
| 2020 | +10.91% | -36.60% |
| 2019 | +24.02% | -22.02% |
| 2018 | -15.74% | +2.75% |
| 2017 | +41.08% | -16.51% |
| 2016 | -7.41% | -6.01% |
| 2015 | +12.06% | -3.08% |
| 2014 | +38.76% | -41.07% |
| 2013 | -4.11% | +21.75% |
| 2012 | +32.20% | -14.72% |
| 2011 | -29.66% | -51.83% |
| 2010 | -8.64% | -26.11% |
| 2009 | +59.50% | +27.90% |
| 2008 | -49.62% | -45.18% |
| 2007 | +89.68% | N/A |
| 2006 | +54.38% | N/A |
CAF vs TBT Drawdown Comparison
The maximum drawdown for CAF was -66.21%, occurring on Nov 6, 2008. Recovery took 1892 trading sessions.
The maximum drawdown for TBT was -94.99%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The current CAF drawdown is -8.34%. The current TBT drawdown is -85.55%.
| Rank | CAF | TBT |
|---|---|---|
| #1 | -66.21% Sep 27, 2007 - Apr 6, 2015 | -94.99% Jun 13, 2008 - Aug 4, 2020 |
| #2 | -49.04% Jun 1, 2021 - Jul 30, 2024 | -3.64% May 29, 2008 - Jun 12, 2008 |
| #3 | -39.21% Jun 11, 2015 - May 16, 2017 | -3.62% May 6, 2008 - May 28, 2008 |
| #4 | -33.95% Jan 26, 2018 - Dec 14, 2020 | -0.01% May 2, 2008 - May 6, 2008 |
| #5 | -18.59% Jan 3, 2007 - Apr 3, 2007 | N/A |
| #6 | -13.35% Aug 13, 2007 - Aug 22, 2007 | N/A |
| #7 | -11.69% May 7, 2007 - Jun 14, 2007 | N/A |
| #8 | -10.34% Apr 27, 2015 - May 26, 2015 | N/A |
| #9 | -9.52% Jun 20, 2017 - Sep 7, 2017 | N/A |
| #10 | -7.52% Jun 19, 2007 - Jul 11, 2007 | N/A |
| #11 | -7.09% Sep 6, 2007 - Sep 18, 2007 | N/A |
| #12 | -6.85% Aug 27, 2007 - Aug 31, 2007 | N/A |
| #13 | -6.61% Oct 5, 2006 - Nov 29, 2006 | N/A |
| #14 | -5.76% Jan 5, 2021 - Feb 16, 2021 | N/A |
| #15 | -5.58% Oct 26, 2017 - Dec 26, 2017 | N/A |
Correlation
Correlation between CAF and TBT is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (2007 - 2026)
CAF vs TBT dividend yield comparison.
| Year | CAF | TBT |
|---|---|---|
| 2026 | 0.00% | 0.47% |
| 2025 | 1.51% | 3.21% |
| 2024 | 2.63% | 4.64% |
| 2023 | 0.96% | 4.98% |
| 2022 | 0.02% | 0.42% |
| 2021 | 6.57% | 0.00% |
| 2020 | 10.40% | 0.32% |
| 2019 | 3.78% | 2.12% |
| 2018 | 9.48% | 0.99% |
| 2017 | 5.20% | 0.00% |
| 2016 | 4.69% | 0.00% |
| 2015 | 67.03% | 0.00% |
| 2014 | 5.66% | 0.00% |
| 2013 | 0.47% | 0.00% |
| 2012 | 8.48% | 0.00% |
| 2011 | 1.90% | 0.00% |
| 2010 | 6.30% | 0.00% |
| 2009 | 13.59% | 0.00% |
| 2008 | 28.65% | 0.44% |
| 2007 | 19.01% | 0.00% |
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