AFGC vs. TLT

Last updated Apr 1, 2026

Compare and contrast key facts about American Financial Group, Inc. (AFGC) and iShares 20+ Year Treasury Bond ETF (TLT).

TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.

Performance

AFGC vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Financial Group, Inc. (AFGC) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

AFGC vs. TLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AFGC American Financial Group, Inc.	-3.24%	1.51%	-4.57%	14.63%	-20.20%	3.38%	-3.05%	15.58%
TLT iShares 20+ Year Treasury Bond ETF	0.17%	4.25%	-8.05%	2.77%	-31.23%	-4.60%	18.15%	-2.94%

Returns By Period

In the year-to-date period, AFGC achieves a -3.24% return, which is significantly lower than TLT's 0.17% return.

AFGC

• 1D: 0.22%
• 1M: -4.39%
• YTD: -3.24%
• 6M: -8.80%
• 1Y: -1.01%
• 3Y*: 4.12%
• 5Y*: -1.96%
• 10Y*: —

TLT

• 1D: -0.10%
• 1M: -4.23%
• YTD: 0.17%
• 6M: -0.87%
• 1Y: -0.49%
• 3Y*: -2.78%
• 5Y*: -5.85%
• 10Y*: -1.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

AFGC vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFGC

AFGC Risk / Return Rank: 35
AFGC Sharpe Ratio Rank: 36
AFGC Sortino Ratio Rank: 28
AFGC Omega Ratio Rank: 28
AFGC Calmar Ratio Rank: 41
AFGC Martin Ratio Rank: 41

TLT

TLT Risk / Return Rank: 12
TLT Sharpe Ratio Rank: 11
TLT Sortino Ratio Rank: 10
TLT Omega Ratio Rank: 10
TLT Calmar Ratio Rank: 14
TLT Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFGC vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Financial Group, Inc. (AFGC) 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.

	AFGC	TLT	Difference
Sharpe ratio Return per unit of total volatility	-0.10	-0.04	-0.05
Sortino ratio Return per unit of downside risk	-0.06	0.02	-0.08
Omega ratio Gain probability vs. loss probability	0.99	1.00	-0.01
Calmar ratio Return relative to maximum drawdown	-0.01	0.05	-0.07
Martin ratio Return relative to average drawdown	-0.03	0.11	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AFGC vs. TLT - Sharpe Ratio Comparison

The current AFGC Sharpe Ratio is -0.10, which is lower than the TLT Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of AFGC and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AFGC	TLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	-0.04	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	-0.37	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.26	-0.26

Correlation

The correlation between AFGC and TLT is 0.23, 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.

Dividends

AFGC vs. TLT - Dividend Comparison

AFGC's dividend yield for the trailing twelve months is around 7.09%, more than TLT's 4.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFGC American Financial Group, Inc.	7.09%	6.75%	6.41%	5.77%	6.22%	4.69%	2.31%	0.00%	0.00%	0.00%	0.00%	0.00%
TLT iShares 20+ Year Treasury Bond ETF	4.49%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%

Drawdowns

AFGC vs. TLT - Drawdown Comparison

The maximum AFGC drawdown since its inception was -50.72%, roughly equal to the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for AFGC and TLT.

Drawdown Indicators

	AFGC	TLT	Difference
Max Drawdown Largest peak-to-trough decline	-50.72%	-48.35%	-2.37%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-9.23%	-1.34%
Max Drawdown (5Y) Largest decline over 5 years	-28.43%	-43.70%	+15.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.35%	—
Current Drawdown Current decline from peak	-14.36%	-40.17%	+25.81%
Average Drawdown Average peak-to-trough decline	-10.99%	-13.62%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	4.38%	+0.50%

Volatility

AFGC vs. TLT - Volatility Comparison

The current volatility for American Financial Group, Inc. (AFGC) is 2.09%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that AFGC experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AFGC	TLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.09%	3.71%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	5.40%	6.61%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.52%	11.44%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	15.90%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.20%	14.93%	+9.27%