ABX.TO vs. TLT
Compare and contrast key facts about Barrick Gold Corporation (ABX.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABX.TO or TLT.
Key characteristics
ABX.TO | TLT | |
---|---|---|
YTD Return | 0.09% | -5.71% |
1Y Return | -2.07% | -6.90% |
3Y Return (Ann) | -6.35% | -10.00% |
5Y Return (Ann) | 9.33% | -3.91% |
10Y Return (Ann) | 4.10% | 0.42% |
Sharpe Ratio | -0.15 | -0.43 |
Daily Std Dev | 27.12% | 16.62% |
Max Drawdown | -84.54% | -48.35% |
Current Drawdown | -48.38% | -41.25% |
Correlation
The correlation between ABX.TO and TLT is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ABX.TO vs. TLT - Performance Comparison
In the year-to-date period, ABX.TO achieves a 0.09% return, which is significantly higher than TLT's -5.71% return. Over the past 10 years, ABX.TO has outperformed TLT with an annualized return of 4.10%, while TLT has yielded a comparatively lower 0.42% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ABX.TO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
ABX.TO vs. TLT - Dividend Comparison
ABX.TO's dividend yield for the trailing twelve months is around 1.68%, less than TLT's 3.81% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Barrick Gold Corporation | 1.68% | 1.67% | 1.72% | 1.50% | 1.07% | 0.81% | 1.03% | 0.88% | 0.49% | 1.63% | 2.05% | 2.96% |
iShares 20+ Year Treasury Bond ETF | 3.81% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
ABX.TO vs. TLT - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.54%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ABX.TO and TLT. For additional features, visit the drawdowns tool.
Volatility
ABX.TO vs. TLT - Volatility Comparison
Barrick Gold Corporation (ABX.TO) has a higher volatility of 8.41% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.90%. This indicates that ABX.TO's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.