AGNCM vs. TLT
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 7.68%/yr vs -8.10%/yr for TLT. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
AGNCM vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, AGNCM achieves a 6.75% return, which is significantly higher than TLT's -2.43% return.
AGNCM
- 1D
- -0.24%
- 1M
- 1.33%
- 6M
- 4.75%
- YTD
- 6.75%
- 1Y
- 9.16%
- 3Y*
- 12.38%
- 5Y*
- 7.68%
- 10Y*
- —
- ALL TIME*
- 8.32%
TLT
- 1D
- 0.77%
- 1M
- -2.76%
- 6M
- -2.36%
- YTD
- -2.43%
- 1Y
- -1.64%
- 3Y*
- -0.90%
- 5Y*
- -8.10%
- 10Y*
- -2.25%
- ALL TIME*
- 3.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $299.06K | $317.11K | $380.96K | |
| $2.59B | $2.11B | $2.22B |
AGNCM vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AGNCM AGNC Investment Corp. | 6.75% | 5.19% | 18.72% | 27.86% | -16.44% | 10.76% | 4.22% | 10.14% |
TLT iShares 20+ Year Treasury Bond ETF | -2.43% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.88% |
Correlation
The correlation between AGNCM and TLT is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.11 |
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Return for Risk
AGNCM vs. TLT — Risk / Return Rank
AGNCM
TLT
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.
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.
| AGNCM | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.98 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | -0.21 | +2.74 |
| Martin ratioReturn relative to average drawdown | 9.37 | -0.45 | +9.82 |
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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
| AGNCM | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.99% | -48.35% | -7.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -7.74% | +4.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -14.79% | +0.83% |
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 DrawdownCurrent decline from peak | -0.24% | -41.73% | +41.49% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -14.00% | +9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 3.63% | -2.65% |
Volatility
AGNCM vs. TLT - Volatility Comparison
The current volatility for AGNC Investment Corp. (AGNCM) is 1.45%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.67%. 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
| AGNCM | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 2.67% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 6.88% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.73% | 9.25% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.23% | 15.75% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.24% | 14.83% | +11.41% |
Dividends
AGNCM vs. TLT - Dividend Comparison
AGNCM's dividend yield for the trailing twelve months is around 8.58%, more than TLT's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGNCM AGNC Investment Corp. | 8.58% | 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 | 4.71% | 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 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.67%) compared to AGNCM (1.45%). In terms of maximum drawdown, AGNCM dropped -55.99% vs TLT's -48.35%.
AGNCM currently has the higher Sharpe Ratio (1.61 vs -0.18), 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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