CXW vs. TLTW

Last updated Apr 1, 2026

Compare and contrast key facts about CoreCivic, Inc. (CXW) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).

TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.

Performance

CXW vs. TLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoreCivic, Inc. (CXW) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). The values are adjusted to include any dividend payments, if applicable.

CXW vs. TLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CXW CoreCivic, Inc.	-1.05%	-12.10%	49.62%	25.69%	18.56%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	1.44%	11.36%	-2.18%	0.73%	-11.09%

Returns By Period

In the year-to-date period, CXW achieves a -1.05% return, which is significantly lower than TLTW's 1.44% return.

CXW

• 1D: -0.84%
• 1M: 6.96%
• YTD: -1.05%
• 6M: -7.08%
• 1Y: -6.80%
• 3Y*: 27.15%
• 5Y*: 16.43%
• 10Y*: -1.80%

TLTW

• 1D: 0.22%
• 1M: -2.98%
• YTD: 1.44%
• 6M: 2.22%
• 1Y: 7.46%
• 3Y*: 0.70%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CXW vs. TLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CXW

CXW Risk / Return Rank: 32
CXW Sharpe Ratio Rank: 33
CXW Sortino Ratio Rank: 29
CXW Omega Ratio Rank: 29
CXW Calmar Ratio Rank: 35
CXW Martin Ratio Rank: 35

TLTW

TLTW Risk / Return Rank: 48
TLTW Sharpe Ratio Rank: 50
TLTW Sortino Ratio Rank: 45
TLTW Omega Ratio Rank: 42
TLTW Calmar Ratio Rank: 61
TLTW Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CXW vs. TLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreCivic, Inc. (CXW) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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.

	CXW	TLTW	Difference
Sharpe ratio Return per unit of total volatility	-0.20	0.84	-1.04
Sortino ratio Return per unit of downside risk	-0.04	1.17	-1.21
Omega ratio Gain probability vs. loss probability	0.99	1.15	-0.16
Calmar ratio Return relative to maximum drawdown	-0.24	1.42	-1.66
Martin ratio Return relative to average drawdown	-0.48	3.74	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CXW vs. TLTW - Sharpe Ratio Comparison

The current CXW Sharpe Ratio is -0.20, which is lower than the TLTW Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of CXW and TLTW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CXW	TLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	0.84	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	-0.03	+0.03

Correlation

The correlation between CXW and TLTW is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CXW vs. TLTW - Dividend Comparison

CXW has not paid dividends to shareholders, while TLTW's dividend yield for the trailing twelve months is around 13.66%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CXW CoreCivic, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	13.44%	7.59%	9.65%	7.47%	8.34%	8.15%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	13.66%	14.82%	14.47%	19.59%	8.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CXW vs. TLTW - Drawdown Comparison

The maximum CXW drawdown since its inception was -98.54%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for CXW and TLTW.

Drawdown Indicators

	CXW	TLTW	Difference
Max Drawdown Largest peak-to-trough decline	-98.54%	-18.61%	-79.93%
Max Drawdown (1Y) Largest decline over 1 year	-30.05%	-5.80%	-24.25%
Max Drawdown (5Y) Largest decline over 5 years	-39.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-77.93%	—	—
Current Drawdown Current decline from peak	-35.57%	-2.98%	-32.59%
Average Drawdown Average peak-to-trough decline	-56.89%	-8.49%	-48.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.26%	2.20%	+13.06%

Volatility

CXW vs. TLTW - Volatility Comparison

CoreCivic, Inc. (CXW) has a higher volatility of 10.85% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 3.46%. This indicates that CXW's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXW	TLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.85%	3.46%	+7.39%
Volatility (6M) Calculated over the trailing 6-month period	28.20%	5.80%	+22.40%
Volatility (1Y) Calculated over the trailing 1-year period	34.65%	8.91%	+25.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.01%	11.55%	+33.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.97%	11.55%	+37.42%