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 9.44%/yr vs -2.15%/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 2.00% return, which is significantly higher than TLT's -1.35% return. Over the past 10 years, EDEN has outperformed TLT with an annualized return of 9.44%, while TLT has yielded a comparatively lower -2.15% annualized return.
EDEN
- 1D
- 0.93%
- 1M
- 5.21%
- 6M
- -3.43%
- YTD
- 2.00%
- 1Y
- 3.98%
- 3Y*
- 3.93%
- 5Y*
- 2.76%
- 10Y*
- 9.44%
TLT
- 1D
- 0.13%
- 1M
- -1.61%
- 6M
- -2.09%
- YTD
- -1.35%
- 1Y
- 2.69%
- 3Y*
- -2.02%
- 5Y*
- -7.65%
- 10Y*
- -2.15%
EDEN vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 2.00% | 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 | -1.35% | 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 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012 | -0.08 |
The correlation between EDEN and TLT shifts across timeframes, from -0.08 (all time) to 0.23 (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.
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.
| EDEN | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.36 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.40 | 0.82 | -0.43 |
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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% | -18.88% | -10.43% |
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 | -9.05% | -41.08% | +32.03% |
Average DrawdownAverage peak-to-trough decline | -7.40% | -13.93% | +6.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.03% | 3.27% | +6.76% |
Volatility
EDEN vs. TLT - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.34% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.58%. 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 | 4.34% | 2.58% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 6.80% | +8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.71% | 9.38% | +11.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.31% | 15.79% | +4.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 14.84% | +4.32% |
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 3.00%, less than TLT's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 3.00% | 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 | 4.64% | 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 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDEN has higher volatility (4.34%) compared to TLT (2.58%). In terms of maximum drawdown, EDEN dropped -36.61% vs TLT's -48.35%.
On 10-year performance, EDEN leads with 9.44% vs -2.15% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.58%. 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 9.44% return vs -2.15%. 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 4.64%, compared with 3.00% 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 (0.29 vs 0.19), 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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