CLF.TO vs. TLT
Compare and contrast key facts about iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
CLF.TO and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLF.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can 1-5Y Core Bd GR CAD. It was launched on Jan 31, 2008. 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. Both CLF.TO and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLF.TO or TLT.
Key characteristics
| CLF.TO | TLT | |
|---|---|---|
| YTD Return | 4.34% | 3.41% |
| 1Y Return | 8.98% | 11.62% |
| 3Y Return (Ann) | 1.31% | -10.00% |
| 5Y Return (Ann) | 1.63% | -4.57% |
| 10Y Return (Ann) | 1.58% | 1.08% |
| Sharpe Ratio | 2.80 | 0.65 |
| Daily Std Dev | 3.04% | 16.74% |
| Max Drawdown | -93.79% | -48.35% |
| Current Drawdown | -90.95% | -35.57% |
Correlation
The correlation between CLF.TO and TLT is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CLF.TO vs. TLT - Performance Comparison
In the year-to-date period, CLF.TO achieves a 4.34% return, which is significantly higher than TLT's 3.41% return. Over the past 10 years, CLF.TO has outperformed TLT with an annualized return of 1.58%, while TLT has yielded a comparatively lower 1.08% 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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CLF.TO vs. TLT - Expense Ratio Comparison
CLF.TO has a 0.17% expense ratio, which is higher than TLT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CLF.TO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-5 Year Laddered Government Bond Index ETF (CLF.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
CLF.TO vs. TLT - Dividend Comparison
CLF.TO's dividend yield for the trailing twelve months is around 2.25%, less than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLF.TO iShares 1-5 Year Laddered Government Bond Index ETF | 2.25% | 2.23% | 2.10% | 1.98% | 2.15% | 2.46% | 2.67% | 2.91% | 3.12% | 3.29% | 3.44% | 3.77% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
CLF.TO vs. TLT - Drawdown Comparison
The maximum CLF.TO drawdown since its inception was -93.79%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CLF.TO and TLT. For additional features, visit the drawdowns tool.
Volatility
CLF.TO vs. TLT - Volatility Comparison
The current volatility for iShares 1-5 Year Laddered Government Bond Index ETF (CLF.TO) is 1.48%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.46%. This indicates that CLF.TO experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.