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.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
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Returns By Period
iShares 20+ Year Treasury Bond ETF (TLT) returned -0.88% year-to-date (YTD) and -1.26% over the past 12 months. Over the past 10 years, TLT returned -1.05% annually, underperforming the S&P 500 benchmark at 10.82%.
TLT
-0.88%
-4.22%
-6.25%
-1.26%
-7.29%
-9.78%
-1.05%
^GSPC (Benchmark)
0.12%
6.51%
-1.84%
10.98%
12.30%
14.10%
10.82%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.49% | 5.70% | -1.20% | -1.36% | -4.24% | -0.88% | |||||||
| 2024 | -2.25% | -2.25% | 0.78% | -6.45% | 2.89% | 1.82% | 3.63% | 2.11% | 2.00% | -5.45% | 1.99% | -6.38% | -8.05% |
| 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% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TLT is 12, meaning it’s performing worse than 88% 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.
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Dividends
Dividend History
iShares 20+ Year Treasury Bond ETF provided a 4.43% dividend yield over the last twelve months, with an annual payout of $3.79 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.79 | $3.76 | $3.34 | $2.66 | $2.22 | $2.37 | $3.07 | $3.20 | $3.09 | $3.10 | $3.15 | $3.36 |
Dividend yield | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.31 | $0.29 | $0.33 | $0.33 | $1.26 | |||||||
| 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 | $0.28 | $0.26 | $0.28 | $0.27 | $0.29 | $0.29 | $0.30 | $0.27 | $0.29 | $0.29 | $0.54 | $3.36 |
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.
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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 43.21%.
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 chart below shows the rolling one-month volatility.
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