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iShares 20+ Year Treasury Bond ETF (TLT)

ETF · Currency in USD · Last updated Nov 28, 2023

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.

Summary

ETF Info

ISINUS4642874329
CUSIP464287432
IssueriShares
Inception DateJul 26, 2002
RegionNorth America (U.S.)
CategoryGovernment Bonds
Index TrackedBarclays Capital U.S. 20+ Year Treasury Bond Index
ETF Home Pagewww.ishares.com
Asset ClassBond

Expense Ratio

The iShares 20+ Year Treasury Bond ETF features an expense ratio of 0.15%, falling within the medium range.


0.15%
0.00%2.15%

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.


100.00%150.00%200.00%250.00%300.00%350.00%400.00%450.00%JuneJulyAugustSeptemberOctoberNovember
125.43%
433.56%
TLT (iShares 20+ Year Treasury Bond ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with TLT

iShares 20+ Year Treasury Bond ETF

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.


PeriodReturnBenchmark
Year-To-Date-5.71%18.52%
1 month8.59%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


JanFebMarAprMayJunJulAugSepOctNovDec
20230.34%-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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
TLT
iShares 20+ Year Treasury Bond ETF
-0.46
^GSPC
S&P 500
0.91

Sharpe Ratio

The current iShares 20+ Year Treasury Bond ETF Sharpe ratio is -0.46. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00JuneJulyAugustSeptemberOctoberNovember
-0.46
0.91
TLT (iShares 20+ Year Treasury Bond ETF)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018201720162015201420132012
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-42.83%
-5.13%
TLT (iShares 20+ Year Treasury Bond ETF)
Benchmark (^GSPC)

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, 2020808Oct 19, 2023
-26.58%Dec 31, 2008111Jun 10, 2009553Aug 18, 2011664
-20.49%Jul 26, 2012269Aug 21, 2013329Dec 10, 2014598
-17.88%Jul 11, 2016111Dec 14, 2016639Jul 2, 2019750
-15.81%Feb 2, 2015102Jun 26, 2015240Jun 9, 2016342

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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
5.98%
3.31%
TLT (iShares 20+ Year Treasury Bond ETF)
Benchmark (^GSPC)

Alternatives


SymbolInceptionExpense RatioYTD Ret.10Y Ann. Ret.Div. YieldMax. DrawdownSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
AGGSep 22, 20030.05%1.3%1.3%3.1%-18.4%0.10.21.00.13.1%
TBTMay 1, 20080.92%15.9%-6.5%3.1%-95.0%0.61.11.11.38.5%
TMFApr 16, 20091.09%-31.6%-7.1%3.5%-92.0%-0.7-0.90.9-0.631.7%
VGLTNov 19, 20090.04%-4.9%1.2%3.5%-46.2%-0.4-0.50.9-0.49.0%

Portfolios with iShares 20+ Year Treasury Bond ETF


Portfolio NameYTD Return10Y ReturnDiv. Yield10Y VolatilityMax. DrawdownExpense RatioSharpe RatioSortino ratioOmega ratioCalmar ratioUlcer Index
Aronson Family Taxable Portfolio7.00%5.75%2.51%12.31%-42.95%0.19%0.380.71.10.44.6%
David Swensen Yale Endowment Portfolio6.79%6.18%2.90%11.68%-43.81%0.13%0.340.61.10.34.8%
Golden Butterfly Portfolio5.53%5.70%1.90%8.30%-20.32%0.20%0.380.61.10.44.1%
Harry Browne Permanent Portfolio6.65%4.87%1.96%7.00%-19.44%0.18%0.681.11.10.73.1%
Ray Dalio All Weather Portfolio3.87%4.91%2.34%8.31%-24.28%0.19%0.110.31.00.14.4%
Stocks/Bonds 40/60 Leveraged Portfolio8.19%11.72%2.47%22.06%-56.78%0.65%-0.100.11.0-0.111.6%

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