CEG vs. TLT
CEG (Constellation Energy Corp) 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 3 years, CEG returned 38.87%/yr vs -2.24%/yr for TLT. At a 0.04 correlation, their price movements are largely independent.
Performance
CEG vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -28.03% return, which is significantly lower than TLT's -1.57% return.
CEG
- 1D
- 0.44%
- 1M
- -7.50%
- 6M
- -17.38%
- YTD
- -28.03%
- 1Y
- -20.72%
- 3Y*
- 38.87%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 45.07%
TLT
- 1D
- -0.75%
- 1M
- -2.94%
- 6M
- -2.29%
- YTD
- -1.57%
- 1Y
- 2.90%
- 3Y*
- -2.24%
- 5Y*
- -7.64%
- 10Y*
- -2.20%
- ALL TIME*
- 3.56%
CEG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -28.03% | 58.80% | 92.71% | 37.24% | 73.87% |
TLT iShares 20+ Year Treasury Bond ETF | -1.57% | 4.25% | -8.05% | 2.77% | -28.19% |
Correlation
The correlation between CEG and TLT is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.04 |
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Return for Risk
CEG vs. TLT — Risk / Return Rank
CEG
TLT
CEG vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.06 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 0.38 | -0.89 |
| Martin ratioReturn relative to average drawdown | -0.93 | 0.87 | -1.80 |
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Drawdowns
CEG vs. TLT - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, roughly equal to the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CEG and TLT.
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Drawdown Indicators
| CEG | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -48.35% | -2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -7.58% | -33.64% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -17.91% | -32.79% |
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 | -36.99% | -41.21% | +4.22% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -13.95% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.36% | 3.35% | +19.01% |
Volatility
CEG vs. TLT - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 10.11% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.63%. This indicates that CEG'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
| CEG | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.11% | 2.63% | +7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 6.82% | +28.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.62% | 9.41% | +37.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.11% | 15.75% | +33.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.11% | 14.84% | +34.27% |
Dividends
CEG vs. TLT - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.64%, less than TLT's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.64% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.65% | 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
CEG and TLT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (10.11%) compared to TLT (2.63%). In terms of maximum drawdown, CEG dropped -50.70% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.31 vs -0.45), 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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