BTO.TO vs. TLT
Compare and contrast key facts about B2Gold Corp. (BTO.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTO.TO or TLT.
Key characteristics
| BTO.TO | TLT | |
|---|---|---|
| YTD Return | -14.95% | -9.24% |
| 1Y Return | -33.11% | -13.03% |
| 3Y Return (Ann) | -12.12% | -11.50% |
| 5Y Return (Ann) | 3.31% | -4.29% |
| 10Y Return (Ann) | 2.84% | 0.03% |
| Sharpe Ratio | -0.93 | -0.64 |
| Daily Std Dev | 33.50% | 16.88% |
| Max Drawdown | -86.75% | -48.35% |
| Current Drawdown | -57.81% | -43.45% |
Correlation
The correlation between BTO.TO and TLT is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BTO.TO vs. TLT - Performance Comparison
In the year-to-date period, BTO.TO achieves a -14.95% return, which is significantly lower than TLT's -9.24% return. Over the past 10 years, BTO.TO has outperformed TLT with an annualized return of 2.84%, while TLT has yielded a comparatively lower 0.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BTO.TO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for B2Gold Corp. (BTO.TO) 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.
Dividends
BTO.TO vs. TLT - Dividend Comparison
BTO.TO's dividend yield for the trailing twelve months is around 4.56%, more than TLT's 3.96% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTO.TO B2Gold Corp. | 4.56% | 3.82% | 4.41% | 3.21% | 1.54% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.96% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
BTO.TO vs. TLT - Drawdown Comparison
The maximum BTO.TO drawdown since its inception was -86.75%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for BTO.TO and TLT. For additional features, visit the drawdowns tool.
Volatility
BTO.TO vs. TLT - Volatility Comparison
B2Gold Corp. (BTO.TO) has a higher volatility of 12.43% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.08%. This indicates that BTO.TO'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.