EDEN vs. TLT
EDEN (iShares MSCI Denmark ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 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, EDEN returned 8.04%/yr vs -1.66%/yr for TLT. At a correlation of -0.08, they often move in opposite directions. EDEN charges 0.53%/yr vs 0.15%/yr for TLT.
Performance
EDEN vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -4.94% return, which is significantly lower than TLT's -0.27% return. Over the past 10 years, EDEN has outperformed TLT with an annualized return of 8.04%, while TLT has yielded a comparatively lower -1.66% annualized return.
EDEN
- 1D
- -1.04%
- 1M
- -0.76%
- YTD
- -4.94%
- 6M
- -1.08%
- 1Y
- -2.21%
- 3Y*
- 2.62%
- 5Y*
- 1.78%
- 10Y*
- 8.04%
TLT
- 1D
- -0.40%
- 1M
- 0.81%
- YTD
- -0.27%
- 6M
- -2.02%
- 1Y
- 4.93%
- 3Y*
- -1.80%
- 5Y*
- -6.31%
- 10Y*
- -1.66%
EDEN vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -4.94% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between EDEN and TLT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2012 | -0.08 |
The correlation between EDEN and TLT shifts across timeframes, from -0.08 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EDEN vs. TLT — Risk / Return Rank
EDEN
TLT
EDEN vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) 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.
| EDEN | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.09 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.65 | -0.76 |
| Martin ratioReturn relative to average drawdown | -0.22 | 1.63 | -1.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDEN | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 0.51 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.40 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | -0.11 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.26 | +0.38 |
Drawdowns
EDEN vs. TLT - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EDEN and TLT.
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Drawdown Indicators
| EDEN | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -48.35% | +11.74% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -7.58% | -13.59% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -19.18% | -10.13% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -43.70% | +7.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -48.35% | +11.74% |
Current DrawdownCurrent decline from peak | -15.24% | -40.44% | +25.20% |
Average DrawdownAverage peak-to-trough decline | -7.36% | -13.82% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.04% | 3.04% | +7.00% |
Volatility
EDEN vs. TLT - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.88% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that EDEN'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
| EDEN | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 2.76% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.61% | 6.50% | +9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 9.77% | +11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 15.87% | +4.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 14.91% | +4.52% |
EDEN vs. TLT - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
EDEN vs. TLT - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 2.93%, less than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.93% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
TLT iShares 20+ Year Treasury Bond ETF | 4.59% | 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
EDEN and TLT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.88%) compared to TLT (2.76%). In terms of maximum drawdown, EDEN dropped -36.61% vs TLT's -48.35%.
On 10-year performance, EDEN leads with 8.04% vs -1.66% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EDEN has performed better with a 8.04% return vs -1.66%. 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 0.53% for EDEN.
TLT has the higher dividend yield at 4.59%, compared with 2.93% for EDEN.
EDEN is categorized as Europe Equities, while TLT is Government Bonds. EDEN tracks MSCI Denmark IMI 25/50 Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.53% for EDEN and 0.15% for TLT.
TLT currently has the higher Sharpe Ratio (0.51 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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