BTTRX vs. TLH

Last updated Apr 1, 2026

Compare and contrast key facts about American Century Zero Coupon 2025 Fund (BTTRX) and iShares 10-20 Year Treasury Bond ETF (TLH).

BTTRX is managed by American Century. It was launched on Feb 14, 1996. TLH is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 10-20 Year Bond Index. It was launched on Jan 11, 2007.

Performance

BTTRX vs. TLH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Zero Coupon 2025 Fund (BTTRX) and iShares 10-20 Year Treasury Bond ETF (TLH). The values are adjusted to include any dividend payments, if applicable.

BTTRX vs. TLH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BTTRX American Century Zero Coupon 2025 Fund	0.00%	2.79%	9.54%	7.82%	-7.63%	-2.65%	17.73%	11.43%	5.77%	1.22%
TLH iShares 10-20 Year Treasury Bond ETF	-0.24%	6.47%	-4.21%	4.03%	-25.24%	-5.38%	13.78%	10.11%	0.37%	4.21%

Returns By Period

BTTRX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLH

• 1D: 0.09%
• 1M: -3.77%
• YTD: -0.24%
• 6M: -0.12%
• 1Y: 1.31%
• 3Y*: -0.20%
• 5Y*: -3.45%
• 10Y*: -0.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTTRX vs. TLH - Expense Ratio Comparison

BTTRX has a 0.54% expense ratio, which is higher than TLH's 0.15% expense ratio.

BTTRX

American Century Zero Coupon 2025 Fund

TLH

iShares 10-20 Year Treasury Bond ETF

Return for Risk

BTTRX vs. TLH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLH

TLH Risk / Return Rank: 16
TLH Sharpe Ratio Rank: 16
TLH Sortino Ratio Rank: 14
TLH Omega Ratio Rank: 14
TLH Calmar Ratio Rank: 18
TLH Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTTRX vs. TLH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Zero Coupon 2025 Fund (BTTRX) and iShares 10-20 Year Treasury Bond ETF (TLH). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BTTRX	TLH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.28	—

Correlation

The correlation between BTTRX and TLH is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BTTRX vs. TLH - Dividend Comparison

BTTRX has not paid dividends to shareholders, while TLH's dividend yield for the trailing twelve months is around 4.33%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTTRX American Century Zero Coupon 2025 Fund	0.00%	0.00%	4.96%	4.00%	3.47%	3.27%	7.69%	3.90%	5.25%	1.05%	3.42%	2.85%
TLH iShares 10-20 Year Treasury Bond ETF	4.33%	4.17%	4.28%	3.83%	2.78%	1.50%	2.65%	2.31%	2.17%	1.83%	1.91%	2.13%

Drawdowns

Drawdown Indicators

	BTTRX	TLH	Difference
Max Drawdown Largest peak-to-trough decline	—	-41.14%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.14%	—
Current Drawdown Current decline from peak	—	-29.63%	—
Average Drawdown Average peak-to-trough decline	—	-10.58%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.30%	—

Volatility

Volatility by Period

	BTTRX	TLH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.40%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	9.29%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	12.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	11.19%	—