AFGB vs. TLT
AFGB (American Financial Group, Inc. ) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 5 years, AFGB returned 0.21%/yr vs -8.18%/yr for TLT. Their 0.22 correlation means their historical movements had little consistent relationship.
Performance
AFGB vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AFGB achieves a -0.73% return, which is significantly higher than TLT's -3.49% return.
AFGB
- 1D
- 0.78%
- 1M
- 1.32%
- 6M
- -2.31%
- YTD
- -0.73%
- 1Y
- 2.67%
- 3Y*
- 1.22%
- 5Y*
- 0.21%
- 10Y*
- —
- ALL TIME*
- 2.98%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $201.57K | $204.86K | $171.50K | |
| $2.33B | $2.02B | $2.19B |
AFGB vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFGB American Financial Group, Inc. | -0.73% | 2.35% | -0.22% | 13.72% | -11.75% | -1.01% | 10.83% | 11.21% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 13.46% |
Correlation
The correlation between AFGB and TLT is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2019 | 0.22 |
The correlation between AFGB and TLT shifts across timeframes, from 0.22 (all time) to 0.32 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AFGB vs. TLT — Risk / Return Rank
AFGB
TLT
AFGB vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Financial Group, Inc. (AFGB) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AFGB | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.14 | +0.44 |
| Martin ratioReturn relative to average drawdown | 0.54 | -0.30 | +0.83 |
Loading charts...
Drawdowns
AFGB vs. TLT - Drawdown Comparison
The maximum AFGB drawdown since its inception was -36.35%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for AFGB and TLT.
Loading charts...
Drawdown Indicators
| AFGB | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.35% | -48.35% | +12.00% |
Max Drawdown (1Y)Largest decline over 1 year | -8.99% | -7.74% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -14.84% | -14.79% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.01% | -43.70% | +21.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -7.99% | -42.36% | +34.37% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -13.99% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.07% | 3.57% | +1.50% |
Volatility
AFGB vs. TLT - Volatility Comparison
American Financial Group, Inc. (AFGB) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 2.45% and 2.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AFGB | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 2.46% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.65% | 6.85% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.62% | 9.32% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.28% | 15.74% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 14.83% | +3.49% |
Dividends
AFGB vs. TLT - Dividend Comparison
AFGB's dividend yield for the trailing twelve months is around 7.11%, more than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFGB American Financial Group, Inc. | 7.11% | 6.82% | 6.52% | 6.13% | 6.54% | 5.44% | 5.10% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
AFGB and TLT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.46%) compared to AFGB (2.45%). In terms of maximum drawdown, AFGB dropped -36.35% vs TLT's -48.35%.
AFGB currently has the higher Sharpe Ratio (0.36 vs -0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AFGB and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer