DUOL vs. IBTJ
DUOL (Duolingo, Inc.) is a stock, while IBTJ (iShares iBonds Dec 2029 Term Treasury ETF) is Government Bonds fund tracking the ICE 2029 Maturity US Treasury Index. Over the past 3 years, DUOL returned -8.39%/yr vs 3.81%/yr for IBTJ. At a 0.01 correlation, their price movements are largely independent.
Performance
DUOL vs. IBTJ - Performance Comparison
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Returns By Period
In the year-to-date period, DUOL achieves a -30.13% return, which is significantly lower than IBTJ's 0.04% return.
DUOL
- 1D
- -0.98%
- 1M
- 9.43%
- YTD
- -30.13%
- 6M
- -37.52%
- 1Y
- -74.37%
- 3Y*
- -8.39%
- 5Y*
- —
- 10Y*
- —
IBTJ
- 1D
- -0.09%
- 1M
- 0.36%
- YTD
- 0.04%
- 6M
- 0.37%
- 1Y
- 3.40%
- 3Y*
- 3.81%
- 5Y*
- -0.15%
- 10Y*
- —
DUOL vs. IBTJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DUOL Duolingo, Inc. | -30.13% | -45.87% | 42.93% | 218.92% | -32.97% | -24.96% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 0.04% | 6.89% | 1.82% | 4.49% | -12.45% | -1.88% |
Correlation
The correlation between DUOL and IBTJ is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2021 | 0.01 |
The correlation between DUOL and IBTJ shifts across timeframes, from -0.11 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DUOL vs. IBTJ — Risk / Return Rank
DUOL
IBTJ
DUOL vs. IBTJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Duolingo, Inc. (DUOL) and iShares iBonds Dec 2029 Term Treasury ETF (IBTJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DUOL | IBTJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -4.48 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.25 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 2.02 | -2.94 |
| Martin ratioReturn relative to average drawdown | -1.26 | 5.49 | -6.75 |
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Drawdowns
DUOL vs. IBTJ - Drawdown Comparison
The maximum DUOL drawdown since its inception was -83.35%, which is greater than IBTJ's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for DUOL and IBTJ.
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Drawdown Indicators
| DUOL | IBTJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.35% | -20.19% | -63.16% |
Max Drawdown (1Y)Largest decline over 1 year | -81.19% | -1.62% | -79.57% |
Max Drawdown (3Y)Largest decline over 3 years | -83.35% | -4.43% | -78.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.21% | — |
Current DrawdownCurrent decline from peak | -77.32% | -6.17% | -71.15% |
Average DrawdownAverage peak-to-trough decline | -35.76% | -9.71% | -26.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 59.48% | 0.59% | +58.89% |
Volatility
DUOL vs. IBTJ - Volatility Comparison
Duolingo, Inc. (DUOL) has a higher volatility of 15.67% compared to iShares iBonds Dec 2029 Term Treasury ETF (IBTJ) at 0.69%. This indicates that DUOL's price experiences larger fluctuations and is considered to be riskier than IBTJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DUOL | IBTJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.67% | 0.69% | +14.98% |
Volatility (6M)Calculated over the trailing 6-month period | 40.94% | 1.58% | +39.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.97% | 2.36% | +60.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.21% | 5.73% | +60.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.21% | 5.98% | +60.23% |
Dividends
DUOL vs. IBTJ - Dividend Comparison
DUOL has not paid dividends to shareholders, while IBTJ's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DUOL Duolingo, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTJ iShares iBonds Dec 2029 Term Treasury ETF | 3.80% | 3.78% | 3.95% | 3.48% | 1.86% | 0.74% | 0.61% |
Frequently Asked Questions
DUOL and IBTJ have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUOL has higher volatility (15.67%) compared to IBTJ (0.69%). In terms of maximum drawdown, DUOL dropped -83.35% vs IBTJ's -20.19%.
IBTJ currently has the higher Sharpe Ratio (1.39 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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