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 40.06%/yr vs -1.38%/yr for TLT. At a 0.03 correlation, their price movements are largely independent.
Performance
CEG vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEG achieves a -27.96% return, which is significantly lower than TLT's 0.27% return.
CEG
- 1D
- 2.86%
- 1M
- -5.03%
- YTD
- -27.96%
- 6M
- -27.70%
- 1Y
- -14.08%
- 3Y*
- 40.06%
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- -0.24%
- 1M
- 2.93%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 3.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
CEG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -27.96% | 58.80% | 92.71% | 37.24% | 73.87% |
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -28.19% |
Correlation
The correlation between CEG and TLT is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.06 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.38 | 0.38 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.78 | 0.92 | -1.70 |
Loading charts...
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.
Loading charts...
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 | -39.77% | -7.58% | -32.19% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -19.18% | -31.52% |
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 | -36.93% | -40.12% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -13.84% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 3.14% | +16.24% |
Volatility
CEG vs. TLT - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 15.26% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.83%. 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.
Loading charts...
Volatility by Period
| CEG | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.26% | 2.83% | +12.43% |
Volatility (6M)Calculated over the trailing 6-month period | 37.72% | 6.64% | +31.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.66% | 9.68% | +36.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.38% | 15.85% | +33.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.38% | 14.91% | +34.47% |
Dividends
CEG vs. TLT - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.64%, less than TLT's 4.56% 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 | 4.56% | 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 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (15.26%) compared to TLT (2.83%). In terms of maximum drawdown, CEG dropped -50.70% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.30 vs -0.32), 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.
Find the right allocation for CEG and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer