BLTD vs. TLT
BLTD (Bluemonte Long Term Bond ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - BLTD is a Long-Term Bond fund actively managed by Bluemonte, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. BLTD is actively managed, while TLT is passively managed. Over the past year, BLTD returned 0.11% vs -2.12% for TLT. Their 0.96 correlation means they have historically moved very closely together. BLTD charges 0.23%/yr vs 0.15%/yr for TLT.
Performance
BLTD vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, BLTD achieves a -1.95% return, which is significantly higher than TLT's -3.18% return.
BLTD
- 1D
- 0.35%
- 1M
- -2.70%
- 6M
- -1.94%
- YTD
- -1.95%
- 1Y
- 0.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.56%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $317.91K | $316.46K | $451.36K | |
| $2.39B | $2.06B | $2.20B |
BLTD vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BLTD Bluemonte Long Term Bond ETF | -1.95% | 3.76% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 3.42% |
Correlation
The correlation between BLTD and TLT is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2025 | 0.96 |
The correlation between BLTD and TLT has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
BLTD vs. TLT — Risk / Return Rank
BLTD
TLT
BLTD vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bluemonte Long Term Bond ETF (BLTD) 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.
| BLTD | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.97 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.02 | -0.28 | +0.30 |
| Martin ratioReturn relative to average drawdown | 0.05 | -0.59 | +0.64 |
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Drawdowns
BLTD vs. TLT - Drawdown Comparison
The maximum BLTD drawdown since its inception was -4.97%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BLTD and TLT.
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Drawdown Indicators
| BLTD | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.97% | -48.35% | +43.38% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -7.74% | +2.77% |
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 | -4.63% | -42.17% | +37.54% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -14.00% | +12.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 3.60% | -1.39% |
Volatility
BLTD vs. TLT - Volatility Comparison
The current volatility for Bluemonte Long Term Bond ETF (BLTD) is 1.79%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.51%. This indicates that BLTD 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
| BLTD | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.79% | 2.51% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 5.22% | 6.84% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 9.24% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.81% | 15.74% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.81% | 14.83% | -8.02% |
BLTD vs. TLT - Expense Ratio Comparison
BLTD has a 0.23% expense ratio, which is higher than TLT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BLTD vs. TLT - Dividend Comparison
BLTD's dividend yield for the trailing twelve months is around 4.50%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLTD Bluemonte Long Term Bond ETF | 4.50% | 2.48% | 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 | 4.75% | 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
With a correlation of 0.96, BLTD and TLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TLT has higher volatility (2.51%) compared to BLTD (1.79%). In terms of maximum drawdown, BLTD dropped -4.97% vs TLT's -48.35%.
On 1-year performance, BLTD leads with 0.11% vs -2.12% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, BLTD has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BLTD has performed better with a 0.11% return vs -2.12%. 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 0.23% for BLTD.
TLT has the higher dividend yield at 4.75%, compared with 4.50% for BLTD.
BLTD is categorized as Long-Term Bond, while TLT is Government Bonds. They also come from different issuers: Bluemonte and iShares. Their fees differ too: 0.23% for BLTD and 0.15% for TLT.
BLTD currently has the higher Sharpe Ratio (0.02 vs -0.23), 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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