DTLE.L vs. TLT

Last updated Apr 1, 2026

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

DTLE.L and TLT 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. TLT 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 Jul 22, 2002.

Performance

DTLE.L vs. TLT - 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 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

DTLE.L vs. TLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist	-1.37%	2.25%	-9.05%	-0.58%	-32.40%	-5.28%	15.20%	12.29%	-4.46%	-0.11%
TLT iShares 20+ Year Treasury Bond ETF	1.76%	-8.12%	-1.98%	-0.31%	-26.97%	2.54%	8.41%	16.70%	3.01%	-0.58%

Different Trading Currencies

DTLE.L 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, DTLE.L achieves a -1.37% return, which is significantly lower than TLT's 2.52% return.

DTLE.L

• 1D: -0.02%
• 1M: -4.42%
• YTD: -1.37%
• 6M: -1.97%
• 1Y: -2.17%
• 3Y*: -4.49%
• 5Y*: -7.69%
• 10Y*: —

TLT

• 1D: 0.00%
• 1M: -1.35%
• YTD: 2.52%
• 6M: 1.34%
• 1Y: -6.20%
• 3Y*: -4.61%
• 5Y*: -5.37%
• 10Y*: -1.45%

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

DTLE.L vs. TLT - Expense Ratio Comparison

DTLE.L has a 0.10% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

TLT

iShares 20+ Year Treasury Bond ETF

DTLE.L

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

Return for Risk

DTLE.L vs. TLT — 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: 7
DTLE.L Sharpe Ratio Rank: 8
DTLE.L Sortino Ratio Rank: 7
DTLE.L Omega Ratio Rank: 7
DTLE.L Calmar Ratio Rank: 7
DTLE.L Martin Ratio Rank: 8

TLT

TLT Risk / Return Rank: 12
TLT Sharpe Ratio Rank: 11
TLT Sortino Ratio Rank: 10
TLT Omega Ratio Rank: 10
TLT Calmar Ratio Rank: 14
TLT Martin Ratio Rank: 13

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. TLT - 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 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.

	DTLE.L	TLT	Difference
Sharpe ratio Return per unit of total volatility	-0.18	-0.48	+0.30
Sortino ratio Return per unit of downside risk	-0.17	-0.55	+0.38
Omega ratio Gain probability vs. loss probability	0.98	0.93	+0.05
Calmar ratio Return relative to maximum drawdown	-0.32	-0.40	+0.08
Martin ratio Return relative to average drawdown	-0.57	-0.58	+0.01
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. TLT - Sharpe Ratio Comparison

The current DTLE.L Sharpe Ratio is -0.18, which is higher than the TLT Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of DTLE.L and TLT, 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

	DTLE.L	TLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	-0.48	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.51	-0.33	-0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.24	-0.48

Correlation

The correlation between DTLE.L and TLT is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DTLE.L vs. TLT - Dividend Comparison

DTLE.L's dividend yield for the trailing twelve months is around 4.23%, less than TLT's 4.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist	4.23%	4.18%	4.75%	3.75%	3.05%	1.76%	1.69%	2.50%	2.88%	0.51%	0.00%	0.00%
TLT iShares 20+ Year Treasury Bond ETF	4.49%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%

Drawdowns

DTLE.L vs. TLT - Drawdown Comparison

The maximum DTLE.L drawdown since its inception was -52.29%, which is greater than TLT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for DTLE.L and TLT.

Drawdown Indicators

	DTLE.L	TLT	Difference
Max Drawdown Largest peak-to-trough decline	-52.29%	-48.35%	-3.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.27%	-9.23%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-45.70%	-43.70%	-2.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.35%	—
Current Drawdown Current decline from peak	-47.69%	-40.17%	-7.52%
Average Drawdown Average peak-to-trough decline	-25.48%	-13.62%	-11.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.68%	4.38%	+1.30%

Volatility

DTLE.L vs. TLT - Volatility Comparison

iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 3.42% and 3.46%, 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.

Volatility by Period

	DTLE.L	TLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	3.46%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	6.61%	7.13%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	13.00%	-1.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	16.28%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	15.69%	-0.10%