DIA.AS vs. TLT
DIA.AS (SPDR Dow Jones Industrial Average ETF Trust) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - DIA.AS is a Large Cap Value Equities fund tracking the Russell 1000 Value 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, DIA.AS returned 13.06%/yr vs -1.86%/yr for TLT. At a correlation of -0.10, they often move in opposite directions. DIA.AS charges 0.16%/yr vs 0.15%/yr for TLT.
Performance
DIA.AS vs. TLT - Performance Comparison
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Different Trading Currencies
DIA.AS is traded in EUR, while TLT is traded in USD. To make them comparable, the TLT values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DIA.AS achieves a 7.19% return, which is significantly higher than TLT's 0.92% return. Over the past 10 years, DIA.AS has outperformed TLT with an annualized return of 13.06%, while TLT has yielded a comparatively lower -1.86% annualized return.
DIA.AS
- 1D
- 1.09%
- 1M
- 4.34%
- YTD
- 7.19%
- 6M
- 7.57%
- 1Y
- 20.20%
- 3Y*
- 13.70%
- 5Y*
- 10.94%
- 10Y*
- 13.06%
TLT
- 1D
- -0.18%
- 1M
- 1.53%
- YTD
- 0.92%
- 6M
- -1.48%
- 1Y
- 2.84%
- 3Y*
- -4.41%
- 5Y*
- -5.43%
- 10Y*
- -1.86%
DIA.AS vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIA.AS SPDR Dow Jones Industrial Average ETF Trust | 7.19% | 2.13% | 22.48% | 11.53% | -1.09% | 31.76% | -0.04% | 26.82% | 0.96% | 12.57% |
TLT iShares 20+ Year Treasury Bond ETF | 0.92% | -8.12% | -1.98% | -0.31% | -26.97% | 2.54% | 8.41% | 16.70% | 3.01% | -4.24% |
Correlation
The correlation between DIA.AS and TLT is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2008 | -0.10 |
The correlation between DIA.AS and TLT shifts across timeframes, from -0.10 (all time) to 0.03 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DIA.AS vs. TLT — Risk / Return Rank
DIA.AS
TLT
DIA.AS vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) 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.
| DIA.AS | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 2.12 | 1.06 | +1.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 0.38 | +3.11 |
| Martin ratioReturn relative to average drawdown | 12.35 | 0.82 | +11.53 |
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
| DIA.AS | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 0.29 | +1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | -0.34 | +1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | -0.12 | +0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.22 | -0.12 |
Drawdowns
DIA.AS vs. TLT - Drawdown Comparison
The maximum DIA.AS drawdown since its inception was -59.02%, which is greater than TLT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for DIA.AS and TLT.
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Drawdown Indicators
| DIA.AS | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.02% | -46.77% | -12.25% |
Max Drawdown (1Y)Largest decline over 1 year | -5.71% | -7.42% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -17.36% | -3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -39.79% | +18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -36.08% | -46.77% | +10.69% |
Current DrawdownCurrent decline from peak | 0.00% | -44.04% | +44.04% |
Average DrawdownAverage peak-to-trough decline | -11.92% | -18.48% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 3.46% | -1.84% |
Volatility
DIA.AS vs. TLT - Volatility Comparison
SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 2.35% and 2.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIA.AS | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 2.24% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 7.05% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.05% | 9.82% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.49% | 16.24% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 15.64% | +1.40% |
DIA.AS vs. TLT - Expense Ratio Comparison
DIA.AS has a 0.16% 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%.
Dividends
DIA.AS vs. TLT - Dividend Comparison
DIA.AS's dividend yield for the trailing twelve months is around 1.37%, less than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIA.AS SPDR Dow Jones Industrial Average ETF Trust | 1.37% | 1.47% | 1.55% | 1.85% | 1.93% | 1.52% | 2.03% | 2.10% | 2.18% | 2.08% | 2.16% | 2.51% |
TLT iShares 20+ Year Treasury Bond ETF | 4.59% | 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
DIA.AS and TLT have a correlation of -0.03, 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 0.16% for DIA.AS.
DIA.AS is categorized as Large Cap Value Equities, while TLT is Government Bonds. DIA.AS tracks Russell 1000 Value TR USD, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.16% for DIA.AS and 0.15% for TLT.
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