DVYA vs. TLT
DVYA (iShares Asia/Pacific Dividend ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - DVYA is a Asia Pacific Equities fund tracking the Dow Jones Asia/Pacific Select Dividend 30 Index, 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, DVYA returned 6.57%/yr vs -2.33%/yr for TLT. Their -0.11 correlation means they have often moved in opposite directions in the past. DVYA charges 0.49%/yr vs 0.15%/yr for TLT.
Performance
DVYA vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, DVYA achieves a 17.53% return, which is significantly higher than TLT's -3.18% return. Over the past 10 years, DVYA has outperformed TLT with an annualized return of 6.57%, while TLT has yielded a comparatively lower -2.33% annualized return.
DVYA
- 1D
- -0.65%
- 1M
- 6.67%
- 6M
- 7.83%
- YTD
- 17.53%
- 1Y
- 33.61%
- 3Y*
- 21.36%
- 5Y*
- 11.40%
- 10Y*
- 6.57%
- ALL TIME*
- 5.46%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $231.55K | $344.93K | $287.92K | |
| $2.39B | $2.06B | $2.20B |
DVYA vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DVYA iShares Asia/Pacific Dividend ETF | 17.53% | 30.22% | 6.05% | 13.75% | -2.17% | 3.41% | -9.61% | 14.70% | -14.87% | 16.99% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between DVYA and TLT is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | -0.11 |
The correlation between DVYA and TLT shifts across timeframes, from -0.11 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DVYA vs. TLT — Risk / Return Rank
DVYA
TLT
DVYA vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) 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.
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.
| DVYA | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.97 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | -0.28 | +4.18 |
| Martin ratioReturn relative to average drawdown | 11.58 | -0.59 | +12.17 |
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Drawdowns
DVYA vs. TLT - Drawdown Comparison
The maximum DVYA drawdown since its inception was -45.61%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for DVYA and TLT.
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Drawdown Indicators
| DVYA | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.61% | -48.35% | +2.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -7.74% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -14.79% | -4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -25.18% | -43.70% | +18.52% |
Max Drawdown (10Y)Largest decline over 10 years | -45.61% | -48.35% | +2.74% |
Current DrawdownCurrent decline from peak | -1.78% | -42.17% | +40.39% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -14.00% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 3.60% | -0.69% |
Volatility
DVYA vs. TLT - Volatility Comparison
iShares Asia/Pacific Dividend ETF (DVYA) has a higher volatility of 3.43% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that DVYA's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVYA | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 2.51% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 6.84% | +3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 9.24% | +4.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 15.74% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 14.83% | +2.58% |
DVYA vs. TLT - Expense Ratio Comparison
DVYA has a 0.49% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
DVYA vs. TLT - Dividend Comparison
DVYA's dividend yield for the trailing twelve months is around 4.41%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYA iShares Asia/Pacific Dividend ETF | 4.41% | 4.71% | 5.97% | 6.48% | 7.29% | 5.81% | 3.66% | 5.52% | 6.24% | 4.74% | 4.79% | 5.33% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 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
DVYA and TLT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVYA has higher volatility (3.43%) compared to TLT (2.51%). In terms of maximum drawdown, DVYA dropped -45.61% vs TLT's -48.35%.
On 10-year performance, DVYA leads with 6.57% vs -2.33% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DVYA has performed better with a 6.57% return vs -2.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.49% for DVYA.
TLT has the higher dividend yield at 4.75%, compared with 4.41% for DVYA.
DVYA is categorized as Asia Pacific Equities, while TLT is Government Bonds. DVYA tracks Dow Jones Asia/Pacific Select Dividend 30 Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.49% for DVYA and 0.15% for TLT.
DVYA currently has the higher Sharpe Ratio (2.54 vs -0.23), 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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