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
US4642874329
464287432
Jul 26, 2002
North America (U.S.)
1x
Barclays Capital U.S. 20+ Year Treasury Bond Index
Expense Ratio
TLT has an expense ratio of 0.15%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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.
Returns By Period
iShares 20+ Year Treasury Bond ETF had a return of -7.02% year-to-date (YTD) and -6.64% in the last 12 months. Over the past 10 years, iShares 20+ Year Treasury Bond ETF had an annualized return of -0.87%, while the S&P 500 had an annualized return of 11.06%, indicating that iShares 20+ Year Treasury Bond ETF did not perform as well as the benchmark.
TLT
-7.02%
-1.53%
-3.76%
-6.64%
-5.98%
-0.87%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of TLT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.25% | -2.25% | 0.78% | -6.45% | 2.89% | 1.82% | 3.63% | 2.11% | 2.00% | -5.45% | 1.99% | -7.02% | |
| 2023 | 7.64% | -4.85% | 4.84% | 0.34% | -3.02% | 0.22% | -2.54% | -3.14% | -7.95% | -5.46% | 9.92% | 8.69% | 2.77% |
| 2022 | -3.91% | -1.63% | -5.44% | -9.42% | -2.25% | -1.27% | 2.43% | -4.55% | -8.24% | -5.96% | 7.15% | -2.62% | -31.23% |
| 2021 | -3.63% | -5.73% | -5.25% | 2.50% | 0.00% | 4.42% | 3.72% | -0.34% | -2.91% | 2.47% | 2.77% | -2.01% | -4.60% |
| 2020 | 7.69% | 6.63% | 6.38% | 1.22% | -1.76% | 0.34% | 4.44% | -5.05% | 0.77% | -3.39% | 1.66% | -1.23% | 18.15% |
| 2019 | 0.38% | -1.38% | 5.57% | -1.99% | 6.84% | 0.95% | 0.26% | 11.05% | -2.68% | -1.11% | -0.41% | -3.20% | 14.12% |
| 2018 | -3.26% | -3.04% | 2.86% | -2.09% | 2.00% | 0.65% | -1.44% | 1.31% | -2.86% | -2.93% | 1.79% | 5.85% | -1.61% |
| 2017 | 0.81% | 1.58% | -0.66% | 1.57% | 1.89% | 0.79% | -0.66% | 3.41% | -2.32% | -0.04% | 0.74% | 1.81% | 9.18% |
| 2016 | 5.57% | 3.09% | -0.09% | -0.74% | 0.81% | 6.93% | 2.10% | -1.01% | -1.51% | -4.38% | -8.21% | -0.46% | 1.17% |
| 2015 | 9.82% | -6.14% | 1.09% | -3.43% | -2.37% | -4.07% | 4.55% | -0.69% | 1.97% | -0.41% | -0.87% | -0.30% | -1.79% |
| 2014 | 6.30% | 0.52% | 0.73% | 2.10% | 2.95% | -0.25% | 0.66% | 4.72% | -2.11% | 2.82% | 2.97% | 3.25% | 27.31% |
| 2013 | -3.19% | 1.24% | -0.42% | 4.68% | -6.76% | -3.27% | -2.26% | -1.34% | 0.66% | 1.43% | -2.70% | -1.87% | -13.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TLT is 5, meaning it’s performing worse than 95% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
iShares 20+ Year Treasury Bond ETF provided a 4.25% dividend yield over the last twelve months, with an annual payout of $3.76 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.76 | $3.34 | $2.66 | $2.22 | $2.37 | $3.07 | $3.20 | $3.09 | $3.10 | $3.15 | $3.36 | $3.32 |
Dividend yield | 4.25% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.31 | $0.30 | $0.31 | $0.31 | $0.31 | $0.29 | $0.32 | $0.31 | $0.32 | $0.31 | $0.68 | $3.76 |
| 2023 | $0.00 | $0.28 | $0.25 | $0.27 | $0.27 | $0.27 | $0.28 | $0.28 | $0.29 | $0.28 | $0.29 | $0.60 | $3.34 |
| 2022 | $0.00 | $0.20 | $0.19 | $0.20 | $0.20 | $0.21 | $0.23 | $0.21 | $0.24 | $0.24 | $0.24 | $0.51 | $2.66 |
| 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 | $2.22 |
| 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 | $2.37 |
| 2019 | $0.00 | $0.28 | $0.25 | $0.28 | $0.26 | $0.27 | $0.26 | $0.26 | $0.26 | $0.25 | $0.25 | $0.46 | $3.07 |
| 2018 | $0.00 | $0.26 | $0.24 | $0.26 | $0.26 | $0.28 | $0.28 | $0.27 | $0.27 | $0.26 | $0.28 | $0.55 | $3.20 |
| 2017 | $0.00 | $0.26 | $0.23 | $0.26 | $0.26 | $0.26 | $0.26 | $0.27 | $0.26 | $0.25 | $0.26 | $0.52 | $3.09 |
| 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 | $3.10 |
| 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 | $3.15 |
| 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 | $3.36 |
| 2013 | $0.26 | $0.25 | $0.26 | $0.26 | $0.28 | $0.25 | $0.27 | $0.28 | $0.28 | $0.29 | $0.65 | $3.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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.
The current iShares 20+ Year Treasury Bond ETF drawdown is 42.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.35% | Aug 5, 2020 | 808 | Oct 19, 2023 | — | — | — |
| -26.59% | 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
Volatility Chart
The current iShares 20+ Year Treasury Bond ETF volatility is 4.47%, 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.