AFGC vs. TLT
AFGC (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, AFGC returned -2.65%/yr vs -7.32%/yr for TLT. At a 0.23 correlation, their price movements are largely independent.
Performance
AFGC vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, AFGC achieves a -3.16% return, which is significantly lower than TLT's -0.89% return.
AFGC
- 1D
- -0.22%
- 1M
- -0.39%
- 6M
- -4.45%
- YTD
- -3.16%
- 1Y
- -1.26%
- 3Y*
- 0.84%
- 5Y*
- -2.65%
- 10Y*
- —
TLT
- 1D
- -0.02%
- 1M
- -1.15%
- 6M
- -1.76%
- YTD
- -0.89%
- 1Y
- 2.95%
- 3Y*
- -1.36%
- 5Y*
- -7.32%
- 10Y*
- -2.22%
AFGC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AFGC American Financial Group, Inc. | -3.16% | 1.51% | -4.57% | 14.63% | -20.20% | 3.38% | -3.05% | 16.50% |
TLT iShares 20+ Year Treasury Bond ETF | -0.89% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | -3.90% |
Correlation
The correlation between AFGC and TLT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.23 |
The correlation between AFGC and TLT shifts across timeframes, from 0.22 (1 year) to 0.38 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AFGC vs. TLT — Risk / Return Rank
AFGC
TLT
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.
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.
| AFGC | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.03 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 0.20 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.40 | 0.47 | -0.87 |
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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.
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Drawdown Indicators
| AFGC | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.72% | -48.35% | -2.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -7.58% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -18.88% | +0.03% |
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 DrawdownCurrent decline from peak | -14.28% | -40.81% | +26.53% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -13.92% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 3.25% | +3.01% |
Volatility
AFGC vs. TLT - Volatility Comparison
The current volatility for American Financial Group, Inc. (AFGC) is 1.77%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.88%. 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.
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Volatility by Period
| AFGC | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.88% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 6.82% | -1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.68% | 9.47% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.05% | 15.79% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.75% | 14.85% | +8.90% |
Dividends
AFGC vs. TLT - Dividend Comparison
AFGC's dividend yield for the trailing twelve months is around 7.21%, more than TLT's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFGC American Financial Group, Inc. | 7.21% | 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 | 4.62% | 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
AFGC and TLT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.88%) compared to AFGC (1.77%). In terms of maximum drawdown, AFGC dropped -50.72% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.16 vs -0.29), 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.
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