BKF vs. TLT
BKF (iShares MSCI BRIC ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - BKF is a Asia Pacific Equities fund tracking the MSCI BRIC Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, BKF returned 4.94%/yr vs -1.56%/yr for TLT. At a correlation of -0.22, they often move in opposite directions. BKF charges 0.69%/yr vs 0.15%/yr for TLT.
Performance
BKF vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, BKF achieves a -7.90% return, which is significantly lower than TLT's -0.05% return. Over the past 10 years, BKF has outperformed TLT with an annualized return of 4.94%, while TLT has yielded a comparatively lower -1.56% annualized return.
BKF
- 1D
- 0.07%
- 1M
- -4.18%
- YTD
- -7.90%
- 6M
- -8.83%
- 1Y
- 0.96%
- 3Y*
- 8.10%
- 5Y*
- -4.04%
- 10Y*
- 4.94%
TLT
- 1D
- 0.22%
- 1M
- 0.48%
- YTD
- -0.05%
- 6M
- -1.27%
- 1Y
- 3.48%
- 3Y*
- -1.67%
- 5Y*
- -6.27%
- 10Y*
- -1.56%
BKF vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | -7.90% | 22.30% | 9.24% | 1.27% | -21.78% | -11.87% | 16.52% | 22.93% | -13.80% | 41.80% |
TLT iShares 20+ Year Treasury Bond ETF | -0.05% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between BKF and TLT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2007 | -0.22 |
The correlation between BKF and TLT shifts across timeframes, from -0.22 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BKF vs. TLT — Risk / Return Rank
BKF
TLT
BKF vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) 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.
| BKF | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.46 | -0.39 |
| Martin ratioReturn relative to average drawdown | 0.19 | 1.14 | -0.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKF | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.36 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.40 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | -0.11 | +0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.26 | -0.25 |
Drawdowns
BKF vs. TLT - Drawdown Comparison
The maximum BKF drawdown since its inception was -70.29%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BKF and TLT.
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Drawdown Indicators
| BKF | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -48.35% | -21.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | -7.58% | -5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -19.18% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -44.94% | -43.70% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -49.20% | -48.35% | -0.85% |
Current DrawdownCurrent decline from peak | -25.41% | -40.31% | +14.90% |
Average DrawdownAverage peak-to-trough decline | -28.11% | -13.82% | -14.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 3.05% | +2.11% |
Volatility
BKF vs. TLT - Volatility Comparison
iShares MSCI BRIC ETF (BKF) has a higher volatility of 5.44% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.71%. This indicates that BKF'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.
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Volatility by Period
| BKF | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 2.71% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.40% | 6.50% | +5.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.53% | 9.77% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 15.86% | +5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.77% | 14.90% | +6.87% |
BKF vs. TLT - Expense Ratio Comparison
BKF has a 0.69% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
BKF vs. TLT - Dividend Comparison
BKF's dividend yield for the trailing twelve months is around 1.95%, less than TLT's 4.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | 1.95% | 1.79% | 2.37% | 1.68% | 2.04% | 2.93% | 1.02% | 1.66% | 2.33% | 1.51% | 1.82% | 3.15% |
TLT iShares 20+ Year Treasury Bond ETF | 4.58% | 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
BKF and TLT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKF has higher volatility (5.44%) compared to TLT (2.71%). In terms of maximum drawdown, BKF dropped -70.29% vs TLT's -48.35%.
On 10-year performance, BKF leads with 4.94% vs -1.56% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, BKF has performed better with a 4.94% return vs -1.56%. 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 0.69% for BKF.
TLT has the higher dividend yield at 4.58%, compared with 1.95% for BKF.
BKF is categorized as Asia Pacific Equities, while TLT is Government Bonds. BKF tracks MSCI BRIC Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.69% for BKF and 0.15% for TLT.
TLT currently has the higher Sharpe Ratio (0.36 vs 0.06), 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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