CSUS.L vs. TLT
CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - CSUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, CSUS.L returned 15.12%/yr vs -1.56%/yr for TLT. At a correlation of -0.09, they often move in opposite directions. CSUS.L charges 0.33%/yr vs 0.15%/yr for TLT.
Performance
CSUS.L vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, CSUS.L achieves a 10.32% return, which is significantly higher than TLT's -0.05% return. Over the past 10 years, CSUS.L has outperformed TLT with an annualized return of 15.12%, while TLT has yielded a comparatively lower -1.56% annualized return.
CSUS.L
- 1D
- 0.06%
- 1M
- 4.70%
- YTD
- 10.32%
- 6M
- 10.98%
- 1Y
- 27.52%
- 3Y*
- 22.49%
- 5Y*
- 13.29%
- 10Y*
- 15.12%
TLT
- 1D
- 0.22%
- 1M
- 0.48%
- YTD
- -0.05%
- 6M
- -1.27%
- 1Y
- 3.48%
- 3Y*
- -1.67%
- 5Y*
- -6.27%
- 10Y*
- -1.56%
CSUS.L vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSUS.L iShares VII plc - iShares MSCI USA ETF USD Acc | 10.32% | 17.22% | 25.83% | 26.72% | -20.46% | 28.02% | 20.30% | 30.38% | -5.82% | 21.66% |
TLT iShares 20+ Year Treasury Bond ETF | -0.05% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between CSUS.L and TLT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | -0.09 |
The correlation between CSUS.L and TLT shifts across timeframes, from -0.09 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSUS.L vs. TLT — Risk / Return Rank
CSUS.L
TLT
CSUS.L vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) 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.
| CSUS.L | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.96 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.07 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 0.46 | +2.84 |
| Martin ratioReturn relative to average drawdown | 13.91 | 1.14 | +12.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSUS.L | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 0.36 | +1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | -0.40 | +1.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | -0.11 | +1.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.26 | +0.87 |
Drawdowns
CSUS.L vs. TLT - Drawdown Comparison
The maximum CSUS.L drawdown since its inception was -34.38%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for CSUS.L and TLT.
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Drawdown Indicators
| CSUS.L | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -48.35% | +13.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -7.58% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -19.18% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -43.70% | +18.26% |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | -48.35% | +13.97% |
Current DrawdownCurrent decline from peak | -0.47% | -40.31% | +39.84% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -13.82% | +9.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.05% | -1.08% |
Volatility
CSUS.L vs. TLT - Volatility Comparison
iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) has a higher volatility of 3.25% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.71%. This indicates that CSUS.L'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
| CSUS.L | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.71% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 6.50% | +2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 9.77% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 15.86% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 14.90% | +2.24% |
CSUS.L vs. TLT - Expense Ratio Comparison
CSUS.L has a 0.33% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
CSUS.L vs. TLT - Dividend Comparison
CSUS.L has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSUS.L iShares VII plc - iShares MSCI USA ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.58% | 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
CSUS.L and TLT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLT is cheaper with a 0.15% expense ratio, compared with 0.33% for CSUS.L.
CSUS.L is categorized as Large Cap Blend Equities, while TLT is Government Bonds. CSUS.L tracks Russell 1000 TR USD, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.33% for CSUS.L and 0.15% for TLT.
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