EAGG vs. TLT
EAGG (iShares ESG Aware US Aggregate Bond ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus 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 5 years, EAGG returned -0.49%/yr vs -8.18%/yr for TLT. Their correlation of 0.88 means they have usually moved in the same direction. EAGG charges 0.10%/yr vs 0.15%/yr for TLT.
Performance
EAGG vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, EAGG achieves a -0.56% return, which is significantly higher than TLT's -3.49% return.
EAGG
- 1D
- -0.21%
- 1M
- -1.17%
- 6M
- -0.75%
- YTD
- -0.56%
- 1Y
- 1.82%
- 3Y*
- 3.85%
- 5Y*
- -0.49%
- 10Y*
- —
- ALL TIME*
- 1.90%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $13.53M | $14.23M | $19.73M | |
| $2.33B | $2.02B | $2.19B |
EAGG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | -0.56% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | 7.76% |
Correlation
The correlation between EAGG and TLT is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | 0.88 |
The correlation between EAGG and TLT has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
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Return for Risk
EAGG vs. TLT — Risk / Return Rank
EAGG
TLT
EAGG vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware US Aggregate Bond ETF (EAGG) 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.
| EAGG | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.99 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.14 | +1.13 |
| Martin ratioReturn relative to average drawdown | 2.52 | -0.30 | +2.81 |
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Drawdowns
EAGG vs. TLT - Drawdown Comparison
The maximum EAGG drawdown since its inception was -18.74%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EAGG and TLT.
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Drawdown Indicators
| EAGG | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -48.35% | +29.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -7.74% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -14.79% | +9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -43.70% | +25.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -3.59% | -42.36% | +38.77% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -13.99% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.57% | -2.49% |
Volatility
EAGG vs. TLT - Volatility Comparison
The current volatility for iShares ESG Aware US Aggregate Bond ETF (EAGG) is 0.98%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.46%. This indicates that EAGG experiences smaller price fluctuations and is considered to be less risky 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
| EAGG | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 2.46% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | 6.85% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 9.32% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 15.74% | -9.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 14.83% | -9.36% |
EAGG vs. TLT - Expense Ratio Comparison
EAGG 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%.
Dividends
EAGG vs. TLT - Dividend Comparison
EAGG's dividend yield for the trailing twelve months is around 4.06%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 3.72% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 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
With a correlation of 0.91, EAGG and TLT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TLT has higher volatility (2.46%) compared to EAGG (0.98%). In terms of maximum drawdown, EAGG dropped -18.74% vs TLT's -48.35%.
On 5-year performance, EAGG leads with -0.49% vs -8.18% for TLT. On fees, EAGG is cheaper at 0.10% per year. On volatility, EAGG has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EAGG has performed better with a -0.49% return vs -8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAGG is cheaper with a 0.10% expense ratio, compared with 0.15% for TLT.
TLT has the higher dividend yield at 4.34%, compared with 3.72% for EAGG.
EAGG is categorized as Intermediate Core Bond, while TLT is Government Bonds. EAGG tracks Bloomberg MSCI U.S. Aggregate ESG Focus Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.10% for EAGG and 0.15% for TLT.
EAGG currently has the higher Sharpe Ratio (0.74 vs -0.11), 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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