CBU vs. TLT
CBU (Community Bank System, Inc.) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, CBU returned 6.96%/yr vs -2.38%/yr for TLT. Their -0.24 correlation means they have often moved in opposite directions in the past.
Performance
CBU vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, CBU achieves a 14.58% return, which is significantly higher than TLT's -3.49% return. Over the past 10 years, CBU has outperformed TLT with an annualized return of 6.96%, while TLT has yielded a comparatively lower -2.38% annualized return.
CBU
- 1D
- -0.41%
- 1M
- -4.14%
- 6M
- 5.30%
- YTD
- 14.58%
- 1Y
- 29.91%
- 3Y*
- 9.16%
- 5Y*
- 1.16%
- 10Y*
- 6.96%
- ALL TIME*
- 11.34%
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) |
|---|---|---|---|
| $17.77M | $18.31M | $19.95M | |
| $2.33B | $2.02B | $2.19B |
CBU vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 14.58% | -3.84% | 22.61% | -14.17% | -13.16% | 22.28% | -9.59% | 24.69% | 11.06% | -10.90% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between CBU and TLT is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.12 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.24 |
The correlation between CBU and TLT shifts across timeframes, from -0.24 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBU vs. TLT — Risk / Return Rank
CBU
TLT
CBU vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Community Bank System, Inc. (CBU) 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.
| CBU | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | -0.14 | +1.82 |
| Martin ratioReturn relative to average drawdown | 4.21 | -0.30 | +4.51 |
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Drawdowns
CBU vs. TLT - Drawdown Comparison
The maximum CBU drawdown since its inception was -61.07%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CBU and TLT.
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Drawdown Indicators
| CBU | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -48.35% | -12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -7.74% | -8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -30.61% | -14.79% | -15.82% |
Max Drawdown (5Y)Largest decline over 5 years | -49.07% | -43.70% | -5.37% |
Max Drawdown (10Y)Largest decline over 10 years | -51.04% | -48.35% | -2.69% |
Current DrawdownCurrent decline from peak | -8.71% | -42.36% | +33.65% |
Average DrawdownAverage peak-to-trough decline | -14.53% | -13.99% | -0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.40% | 3.57% | +2.83% |
Volatility
CBU vs. TLT - Volatility Comparison
Community Bank System, Inc. (CBU) has a higher volatility of 7.00% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. This indicates that CBU'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
| CBU | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 2.46% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | 6.85% | +9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 9.32% | +15.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.56% | 15.74% | +13.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.07% | 14.83% | +15.24% |
Dividends
CBU vs. TLT - Dividend Comparison
CBU's dividend yield for the trailing twelve months is around 2.90%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 2.90% | 3.24% | 2.95% | 3.42% | 2.76% | 2.28% | 2.66% | 2.23% | 2.47% | 2.46% | 2.04% | 3.05% |
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
CBU and TLT have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBU has higher volatility (7.00%) compared to TLT (2.46%). In terms of maximum drawdown, CBU dropped -61.07% vs TLT's -48.35%.
CBU currently has the higher Sharpe Ratio (1.10 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.
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