iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW)
The fund tracks the investment results of an index that involves holding the iShares 20+ Year Treasury Bond ETF and selling covered call options to generate income.
ETF Info
| CUSIP | 46436E338 |
|---|---|
| Issuer | iShares |
| Inception Date | Jun 18, 2022 |
| Category | Options Trading |
| Index Tracked | CBOE TLT 2% OTM Buywrite Index (USD) |
| Distribution Policy | Distributing |
| Home Page | www.ishares.com |
| Asset Class | Alternatives |
Expense Ratio
TLTW has a high expense ratio of 0.35%, indicating higher-than-average management fees.
Share Price Chart
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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 BuyWrite Strategy 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 BuyWrite Strategy ETF had a return of -3.73% year-to-date (YTD) and -11.04% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -3.73% | 10.00% |
| 1 month | 1.03% | 2.41% |
| 6 months | -0.29% | 16.70% |
| 1 year | -11.04% | 26.85% |
| 5 years (annualized) | N/A | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of TLTW, 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 | -1.35% | -1.15% | 1.60% | -5.56% | -3.73% | ||||||||
| 2023 | 8.17% | -4.22% | 5.21% | 1.02% | -0.95% | 1.36% | -1.46% | -3.84% | -5.89% | -5.08% | 5.90% | 1.67% | 0.76% |
| 2022 | -0.41% | -6.60% | -5.80% | 5.82% | -4.11% | -11.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TLTW is 1, indicating that it is in the bottom 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) 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 BuyWrite Strategy ETF granted a 17.38% dividend yield in the last twelve months. The annual payout for that period amounted to $4.43 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $4.43 | $5.38 | $2.82 |
Dividend yield | 17.38% | 19.59% | 8.71% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 20+ Year Treasury Bond BuyWrite Strategy 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 | $0.21 | $0.30 | $0.24 | $0.25 | $1.00 | |||||||
| 2023 | $0.00 | $0.46 | $0.31 | $0.65 | $0.53 | $0.35 | $0.54 | $0.20 | $0.33 | $0.29 | $0.40 | $1.32 | $5.38 |
| 2022 | $0.56 | $0.64 | $0.62 | $1.00 | $2.82 |
Drawdowns
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 BuyWrite Strategy 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 BuyWrite Strategy ETF was 18.60%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current iShares 20+ Year Treasury Bond BuyWrite Strategy ETF drawdown is 14.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.6% | Aug 29, 2022 | 288 | Oct 19, 2023 | — | — | — |
| -0.98% | Aug 23, 2022 | 2 | Aug 24, 2022 | 1 | Aug 25, 2022 | 3 |
Volatility
Volatility Chart
The current iShares 20+ Year Treasury Bond BuyWrite Strategy ETF volatility is 2.34%, 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.