BGRO vs. TLT
BGRO (BlackRock Large Cap Growth ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - BGRO is a Large Cap Growth Equities fund actively managed by iShares, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. BGRO is actively managed, while TLT is passively managed. Over the past year, BGRO returned 13.92% vs -2.45% for TLT. Their 0.08 correlation means their historical movements had little consistent relationship. BGRO charges 0.55%/yr vs 0.15%/yr for TLT.
Performance
BGRO vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGRO achieves a 8.91% return, which is significantly higher than TLT's -3.49% return.
BGRO
- 1D
- 1.70%
- 1M
- -0.79%
- 6M
- 8.95%
- YTD
- 8.91%
- 1Y
- 13.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.33%
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) |
|---|---|---|---|
| $7.79K | $25.19K | $34.77K | |
| $2.33B | $2.02B | $2.19B |
BGRO vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BGRO BlackRock Large Cap Growth ETF | 8.91% | 12.37% | 11.06% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -3.50% |
Correlation
The correlation between BGRO and TLT is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | 0.08 |
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
BGRO vs. TLT — Risk / Return Rank
BGRO
TLT
BGRO vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Large Cap Growth ETF (BGRO) 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.
| BGRO | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.99 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.14 | +0.78 |
| Martin ratioReturn relative to average drawdown | 1.97 | -0.30 | +2.26 |
Loading charts...
Drawdowns
BGRO vs. TLT - Drawdown Comparison
The maximum BGRO drawdown since its inception was -24.94%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BGRO and TLT.
Loading charts...
Drawdown Indicators
| BGRO | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.94% | -48.35% | +23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.64% | -7.74% | -9.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -6.19% | -42.36% | +36.17% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -13.99% | +9.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 3.57% | +2.19% |
Volatility
BGRO vs. TLT - Volatility Comparison
BlackRock Large Cap Growth ETF (BGRO) has a higher volatility of 6.02% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. This indicates that BGRO's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGRO | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 2.46% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 16.00% | 6.85% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.92% | 9.32% | +10.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 15.74% | +7.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 14.83% | +8.74% |
BGRO vs. TLT - Expense Ratio Comparison
BGRO has a 0.55% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
BGRO vs. TLT - Dividend Comparison
BGRO's dividend yield for the trailing twelve months is around 0.03%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRO BlackRock Large Cap Growth ETF | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
BGRO and TLT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRO has higher volatility (6.02%) compared to TLT (2.46%). In terms of maximum drawdown, BGRO dropped -24.94% vs TLT's -48.35%.
On 1-year performance, BGRO leads with 13.92% vs -2.45% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BGRO has performed better with a 13.92% return vs -2.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.55% for BGRO.
TLT has the higher dividend yield at 4.34%, compared with 0.03% for BGRO.
BGRO is categorized as Large Cap Growth Equities, while TLT is Government Bonds. Their fees differ too: 0.55% for BGRO and 0.15% for TLT.
BGRO currently has the higher Sharpe Ratio (0.57 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 BGRO 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