iShares 20+ Year Treasury Bond ETF (TLT)
TLT is an exchange-traded fund (ETF) by iShares, a division of BlackRock, that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. The index is a benchmark that includes a range of U.S. government bonds with maturities of 20 years or more. The TLT ETF has a low expense ratio of 0.15% and is designed to provide investors with a way to gain exposure to the U.S. long-term government bond market.
ETF Info
| ISIN | US4642874329 |
|---|---|
| CUSIP | 464287432 |
| Issuer | iShares |
| Inception Date | Jul 26, 2002 |
| Region | North America (U.S.) |
| Category | Government Bonds |
| Index Tracked | Barclays Capital U.S. 20+ Year Treasury Bond Index |
| ETF Home Page | www.ishares.com |
| Asset Class | Bond |
Expense Ratio
The iShares 20+ Year Treasury Bond ETF features an expense ratio of 0.15%, falling within the medium range.
Share Price Chart
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Performance
The chart shows the growth of an initial investment of $10,000 in iShares 20+ Year Treasury Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Compare to other instruments
Popular comparisons: TLT vs. TMF, TLT vs. VGLT, TLT vs. EDV, TLT vs. TBT, TLT vs. IEF, TLT vs. AGG, TLT vs. BND, TLT vs. BLV, TLT vs. BOND, TLT vs. SPTL
Return
iShares 20+ Year Treasury Bond ETF had a return of -5.71% year-to-date (YTD) and -8.34% in the last 12 months. Over the past 10 years, iShares 20+ Year Treasury Bond ETF had an annualized return of 1.07%, while the S&P 500 had an annualized return of 9.71%, indicating that iShares 20+ Year Treasury Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -5.71% | 18.52% |
| 1 month | 8.59% | 10.52% |
| 6 months | -8.07% | 8.20% |
| 1 year | -8.34% | 13.02% |
| 5 years (annualized) | -2.32% | 10.68% |
| 10 years (annualized) | 1.07% | 9.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 0.34% | -3.02% | 0.22% | -2.54% | -3.14% | -7.95% | -5.46% |
Risk-Adjusted Performance
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and S&P 500 (^GSPC). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | -0.46 | ||||
^GSPC S&P 500 | 0.91 |
Dividend History
iShares 20+ Year Treasury Bond ETF granted a 3.56% dividend yield in the last twelve months. The annual payout for that period amounted to $3.25 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.25 | $2.66 | $2.22 | $2.37 | $3.07 | $3.20 | $3.09 | $3.10 | $3.15 | $3.36 | $3.32 | $3.25 |
Dividend yield | 3.56% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% | 2.68% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 20+ Year Treasury Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.28 | $0.25 | $0.27 | $0.27 | $0.27 | $0.28 | $0.28 | $0.29 | $0.28 | ||
| 2022 | $0.00 | $0.20 | $0.18 | $0.20 | $0.20 | $0.21 | $0.23 | $0.21 | $0.24 | $0.24 | $0.24 | $0.51 |
| 2021 | $0.00 | $0.18 | $0.17 | $0.19 | $0.20 | $0.20 | $0.19 | $0.18 | $0.19 | $0.18 | $0.19 | $0.35 |
| 2020 | $0.00 | $0.24 | $0.23 | $0.24 | $0.22 | $0.21 | $0.19 | $0.19 | $0.18 | $0.17 | $0.17 | $0.33 |
| 2019 | $0.00 | $0.27 | $0.25 | $0.28 | $0.26 | $0.27 | $0.26 | $0.26 | $0.26 | $0.25 | $0.25 | $0.46 |
| 2018 | $0.00 | $0.25 | $0.24 | $0.26 | $0.26 | $0.28 | $0.27 | $0.27 | $0.27 | $0.26 | $0.27 | $0.55 |
| 2017 | $0.00 | $0.26 | $0.23 | $0.25 | $0.25 | $0.26 | $0.26 | $0.27 | $0.26 | $0.25 | $0.26 | $0.52 |
| 2016 | $0.00 | $0.24 | $0.25 | $0.27 | $0.26 | $0.27 | $0.26 | $0.26 | $0.25 | $0.25 | $0.25 | $0.55 |
| 2015 | $0.00 | $0.28 | $0.25 | $0.27 | $0.26 | $0.26 | $0.26 | $0.27 | $0.26 | $0.26 | $0.27 | $0.51 |
| 2014 | $0.00 | $0.28 | $0.26 | $0.28 | $0.27 | $0.29 | $0.29 | $0.30 | $0.27 | $0.29 | $0.29 | $0.54 |
| 2013 | $0.00 | $0.26 | $0.25 | $0.26 | $0.26 | $0.28 | $0.25 | $0.27 | $0.28 | $0.28 | $0.29 | $0.64 |
| 2012 | $0.29 | $0.27 | $0.29 | $0.28 | $0.26 | $0.27 | $0.27 | $0.27 | $0.26 | $0.27 | $0.51 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the iShares 20+ Year Treasury Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares 20+ Year Treasury Bond ETF was 48.35%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.35% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -26.58% | Dec 31, 2008 | 111 | Jun 10, 2009 | 553 | Aug 18, 2011 | 664 |
| -20.49% | Jul 26, 2012 | 269 | Aug 21, 2013 | 329 | Dec 10, 2014 | 598 |
| -17.88% | Jul 11, 2016 | 111 | Dec 14, 2016 | 639 | Jul 2, 2019 | 750 |
| -15.81% | Feb 2, 2015 | 102 | Jun 26, 2015 | 240 | Jun 9, 2016 | 342 |
Volatility Chart
The current iShares 20+ Year Treasury Bond ETF volatility is 5.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Alternatives
| Symbol | Inception | Expense Ratio | YTD Ret. | 10Y Ann. Ret. | Div. Yield | Max. Drawdown | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AGG | Sep 22, 2003 | 0.05% | 1.3% | 1.3% | 3.1% | -18.4% | 0.1 | 0.2 | 1.0 | 0.1 | 3.1% |
| TBT | May 1, 2008 | 0.92% | 15.9% | -6.5% | 3.1% | -95.0% | 0.6 | 1.1 | 1.1 | 1.3 | 8.5% |
| TMF | Apr 16, 2009 | 1.09% | -31.6% | -7.1% | 3.5% | -92.0% | -0.7 | -0.9 | 0.9 | -0.6 | 31.7% |
| VGLT | Nov 19, 2009 | 0.04% | -4.9% | 1.2% | 3.5% | -46.2% | -0.4 | -0.5 | 0.9 | -0.4 | 9.0% |
Portfolios with iShares 20+ Year Treasury Bond ETF
| Portfolio Name | YTD Return | 10Y Return | Div. Yield | 10Y Volatility | Max. Drawdown | Expense Ratio | Sharpe Ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aronson Family Taxable Portfolio | 7.00% | 5.75% | 2.51% | 12.31% | -42.95% | 0.19% | 0.38 | 0.7 | 1.1 | 0.4 | 4.6% |
| David Swensen Yale Endowment Portfolio | 6.79% | 6.18% | 2.90% | 11.68% | -43.81% | 0.13% | 0.34 | 0.6 | 1.1 | 0.3 | 4.8% |
| Golden Butterfly Portfolio | 5.53% | 5.70% | 1.90% | 8.30% | -20.32% | 0.20% | 0.38 | 0.6 | 1.1 | 0.4 | 4.1% |
| Harry Browne Permanent Portfolio | 6.65% | 4.87% | 1.96% | 7.00% | -19.44% | 0.18% | 0.68 | 1.1 | 1.1 | 0.7 | 3.1% |
| Ray Dalio All Weather Portfolio | 3.87% | 4.91% | 2.34% | 8.31% | -24.28% | 0.19% | 0.11 | 0.3 | 1.0 | 0.1 | 4.4% |
| Stocks/Bonds 40/60 Leveraged Portfolio | 8.19% | 11.72% | 2.47% | 22.06% | -56.78% | 0.65% | -0.10 | 0.1 | 1.0 | -0.1 | 11.6% |