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
46436E338
Jun 18, 2022
1x
CBOE TLT 2% OTM Buywrite Index (USD)
Distributing
Expense Ratio
TLTW features an expense ratio of 0.35%, falling within the medium range.
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 -2.27% year-to-date (YTD) and -1.88% in the last 12 months.
TLTW
-2.27%
-1.86%
-2.41%
-1.88%
N/A
N/A
^GSPC (Benchmark)
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
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% | 2.57% | 2.16% | 3.55% | 2.22% | 2.34% | -5.01% | 0.81% | -2.27% | |
| 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 9, meaning it’s performing worse than 91% 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 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 provided a 14.49% dividend yield over the last twelve months, with an annual payout of $3.40 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $3.40 | $5.38 | $2.83 |
Dividend yield | 14.49% | 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 | $0.25 | $0.28 | $0.22 | $0.28 | $0.21 | $0.25 | $0.92 | $3.40 |
| 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 | $2.83 |
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 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 18.59%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current iShares 20+ Year Treasury Bond BuyWrite Strategy ETF drawdown is 13.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.59% | 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 2.94%, 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.