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AGNCM vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AGNCM vs. TLT

Last updated Jun 4, 2026

AGNCM (AGNC Investment Corp.) 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, AGNCM returned 7.92%/yr vs -6.31%/yr for TLT. At a 0.11 correlation, their price movements are largely independent.

Performance

AGNCM vs. TLT - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, AGNCM achieves a 4.61% return, which is significantly higher than TLT's -0.27% return.

AGNCM

1D
0.08%
1M
0.76%
YTD
4.61%
6M
6.61%
1Y
11.74%
3Y*
13.87%
5Y*
7.92%
10Y*
—

TLT

1D
-0.40%
1M
0.81%
YTD
-0.27%
6M
-2.02%
1Y
4.93%
3Y*
-1.80%
5Y*
-6.31%
10Y*
-1.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

AGNCM vs. TLT - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
AGNCM
AGNC Investment Corp.		4.61%5.19%18.72%27.86%-16.44%10.76%4.22%9.97%
TLT
iShares 20+ Year Treasury Bond ETF		-0.27%4.25%-8.05%2.77%-31.23%-4.60%18.15%15.27%

Correlation

The correlation between AGNCM and TLT is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.13

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2019

0.11

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AGNC Investment Corp.

iShares 20+ Year Treasury Bond ETF

Often compared with AGNCM:
AGNCM vs. AGNCNAGNCM vs. AGNCAGNCM vs. GFFFXAGNCM vs. RITMAGNCM vs. SKTAGNCM vs. SCHDAGNCM vs. VDIGX
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV

Return for Risk

AGNCM vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGNCM
AGNCM Risk / Return Rank: 8787
Overall Rank
AGNCM Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
AGNCM Sortino Ratio Rank: 8989
Sortino Ratio Rank
AGNCM Omega Ratio Rank: 8888
Omega Ratio Rank
AGNCM Calmar Ratio Rank: 8484
Calmar Ratio Rank
AGNCM Martin Ratio Rank: 9090
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 1616
Overall Rank
TLT Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1515
Sortino Ratio Rank
TLT Omega Ratio Rank: 1515
Omega Ratio Rank
TLT Calmar Ratio Rank: 1717
Calmar Ratio Rank
TLT Martin Ratio Rank: 1616
Martin Ratio Rank
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.

AGNCM vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AGNC Investment Corp. (AGNCM) 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.

AGNCMTLTDifference
Sharpe ratioReturn per unit of total volatility
1.99
0.51

+1.48

Sortino ratioReturn per unit of downside risk
3.08
0.80

+2.28

Omega ratioGain probability vs. loss probability

1.41

1.09

+0.32

Calmar ratioReturn relative to maximum drawdown

3.24

0.65

+2.58

Martin ratioReturn relative to average drawdown

12.05

1.63

+10.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AGNCM vs. TLT - Sharpe Ratio Comparison

The current AGNCM Sharpe Ratio is 1.99, which is higher than the TLT Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of AGNCM and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

AGNCMTLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.99

0.51

+1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

-0.40

+1.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.11

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.26

+0.05

Drawdowns

AGNCM vs. TLT - Drawdown Comparison

The maximum AGNCM drawdown since its inception was -55.99%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for AGNCM and TLT.

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Drawdown Indicators

AGNCMTLTDifference

Max Drawdown

Largest peak-to-trough decline

-55.99%

-48.35%

-7.64%

Max Drawdown (1Y)

Largest decline over 1 year

-3.64%

-7.58%

+3.94%

Max Drawdown (3Y)

Largest decline over 3 years

-13.96%

-19.18%

+5.22%

Max Drawdown (5Y)

Largest decline over 5 years

-28.38%

-43.70%

+15.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.35%

—

Current Drawdown

Current decline from peak

-0.08%

-40.44%

+40.36%

Average Drawdown

Average peak-to-trough decline

-4.14%

-13.82%

+9.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.98%

3.04%

-2.06%

Volatility

AGNCM vs. TLT - Volatility Comparison

The current volatility for AGNC Investment Corp. (AGNCM) is 1.34%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.76%. This indicates that AGNCM 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

AGNCMTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.34%

2.76%

-1.42%

Volatility (6M)

Calculated over the trailing 6-month period

4.42%

6.50%

-2.08%

Volatility (1Y)

Calculated over the trailing 1-year period

5.94%

9.77%

-3.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.32%

15.87%

-2.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.54%

14.91%

+11.63%

Dividends

AGNCM vs. TLT - Dividend Comparison

AGNCM's dividend yield for the trailing twelve months is around 8.72%, more than TLT's 4.59% yield.

PositionTTM20252024202320222021202020192018201720162015
AGNCM
AGNC Investment Corp.		8.72%9.09%8.94%7.31%8.66%6.67%6.91%5.72%0.00%0.00%0.00%0.00%
TLT
iShares 20+ Year Treasury Bond ETF		4.59%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

AGNCM and TLT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TLT has higher volatility (2.76%) compared to AGNCM (1.34%). In terms of maximum drawdown, AGNCM dropped -55.99% vs TLT's -48.35%.

AGNCM currently has the higher Sharpe Ratio (1.99 vs 0.51), 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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