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DTLE.L vs. IS04.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DTLE.L vs. IS04.DE

Last updated Apr 2, 2026

Compare and contrast key facts about iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE).

DTLE.L and IS04.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DTLE.L is managed by iShares. IS04.DE is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jan 20, 2015.

Performance

DTLE.L vs. IS04.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE). The values are adjusted to include any dividend payments, if applicable.

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DTLE.L vs. IS04.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DTLE.L
iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist		-1.04%2.25%-9.05%-0.58%-32.40%-5.28%15.20%12.29%-4.46%-0.11%
IS04.DE
iShares USD Treasury Bond 20+yr UCITS ETF (Dist)		1.32%-6.95%-2.51%-1.21%-26.01%3.49%6.49%18.18%2.70%-0.86%

Returns By Period

In the year-to-date period, DTLE.L achieves a -1.04% return, which is significantly lower than IS04.DE's 1.32% return.

DTLE.L

1D
0.33%
1M
-3.07%
YTD
-1.04%
6M
-1.47%
1Y
-2.92%
3Y*
-4.38%
5Y*
-7.63%
10Y*
—

IS04.DE

1D
-0.38%
1M
-2.32%
YTD
1.32%
6M
0.46%
1Y
-8.02%
3Y*
-4.41%
5Y*
-5.38%
10Y*
-1.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist

iShares USD Treasury Bond 20+yr UCITS ETF (Dist)

Often compared with DTLE.L:
DTLE.L vs. TLTDTLE.L vs. VLB.TODTLE.L vs. IBGKDTLE.L vs. ZTENDTLE.L vs. CEMC.DEDTLE.L vs. ZLC.TODTLE.L vs. DGRO
Often compared with IS04.DE:
IS04.DE vs. IDTL.LIS04.DE vs. TLTIS04.DE vs. IUSM.DEIS04.DE vs. VGTY.DEIS04.DE vs. SXRH.DEIS04.DE vs. AYE2.DEIS04.DE vs. IUST.DE

DTLE.L vs. IS04.DE - Expense Ratio Comparison

DTLE.L has a 0.10% expense ratio, which is higher than IS04.DE's 0.07% 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%.

DTLE.L
iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist
IS04.DE
iShares USD Treasury Bond 20+yr UCITS ETF (Dist)

Return for Risk

DTLE.L vs. IS04.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DTLE.L
DTLE.L Risk / Return Rank: 77
Overall Rank
DTLE.L Sharpe Ratio Rank: 77
Sharpe Ratio Rank
DTLE.L Sortino Ratio Rank: 77
Sortino Ratio Rank
DTLE.L Omega Ratio Rank: 77
Omega Ratio Rank
DTLE.L Calmar Ratio Rank: 77
Calmar Ratio Rank
DTLE.L Martin Ratio Rank: 77
Martin Ratio Rank
IS04.DE
IS04.DE Risk / Return Rank: 44
Overall Rank
IS04.DE Sharpe Ratio Rank: 33
Sharpe Ratio Rank
IS04.DE Sortino Ratio Rank: 33
Sortino Ratio Rank
IS04.DE Omega Ratio Rank: 33
Omega Ratio Rank
IS04.DE Calmar Ratio Rank: 44
Calmar Ratio Rank
IS04.DE Martin Ratio Rank: 66
Martin Ratio Rank
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.

DTLE.L vs. IS04.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE). 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.

DTLE.LIS04.DEDifference

Sharpe ratio

Return per unit of total volatility

-0.25

-0.61

+0.36

Sortino ratio

Return per unit of downside risk

-0.26

-0.72

+0.46

Omega ratio

Gain probability vs. loss probability

0.97

0.90

+0.06

Calmar ratio

Return relative to maximum drawdown

-0.29

-0.49

+0.21

Martin ratio

Return relative to average drawdown

-0.52

-0.75

+0.24

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTLE.L vs. IS04.DE - Sharpe Ratio Comparison

The current DTLE.L Sharpe Ratio is -0.25, which is higher than the IS04.DE Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of DTLE.L and IS04.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DTLE.LIS04.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.25

-0.61

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.51

-0.35

-0.16

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.10

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.24

-0.09

-0.15

Correlation

The correlation between DTLE.L and IS04.DE is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DTLE.L vs. IS04.DE - Dividend Comparison

DTLE.L's dividend yield for the trailing twelve months is around 4.22%, less than IS04.DE's 4.32% yield.

TTM20252024202320222021202020192018201720162015
DTLE.L
iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist		4.22%4.18%4.75%3.75%3.05%1.76%1.69%2.50%2.88%0.51%0.00%0.00%
IS04.DE
iShares USD Treasury Bond 20+yr UCITS ETF (Dist)		4.32%4.38%4.62%3.82%3.04%1.71%1.86%2.49%2.79%2.72%2.56%2.14%

Drawdowns

DTLE.L vs. IS04.DE - Drawdown Comparison

The maximum DTLE.L drawdown since its inception was -52.29%, which is greater than IS04.DE's maximum drawdown of -47.19%. Use the drawdown chart below to compare losses from any high point for DTLE.L and IS04.DE.

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Drawdown Indicators

DTLE.LIS04.DEDifference

Max Drawdown

Largest peak-to-trough decline

-52.29%

-47.19%

-5.10%

Max Drawdown (1Y)

Largest decline over 1 year

-10.27%

-14.61%

+4.34%

Max Drawdown (5Y)

Largest decline over 5 years

-45.70%

-40.05%

-5.65%

Max Drawdown (10Y)

Largest decline over 10 years

—

-47.19%

—

Current Drawdown

Current decline from peak

-47.52%

-43.40%

-4.12%

Average Drawdown

Average peak-to-trough decline

-25.49%

-21.55%

-3.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.69%

9.53%

-3.84%

Volatility

DTLE.L vs. IS04.DE - Volatility Comparison

iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) have volatilities of 3.45% and 3.42%, 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

DTLE.LIS04.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.45%

3.42%

+0.03%

Volatility (6M)

Calculated over the trailing 6-month period

6.60%

6.60%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

11.90%

13.24%

-1.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.94%

15.27%

-0.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.59%

14.72%

+0.87%