EFRA vs. TLT
Compare and contrast key facts about iShares Environmental Infrastructure and Industrials ETF (EFRA) and iShares 20+ Year Treasury Bond ETF (TLT).
EFRA and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EFRA is a passively managed fund by iShares that tracks the performance of the FTSE Green Revenues Select Infrastructure and Industrials Index - USD - Benchmark TR Net. It was launched on Nov 1, 2022. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002. Both EFRA and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EFRA vs. TLT - Performance Comparison
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EFRA vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EFRA iShares Environmental Infrastructure and Industrials ETF | 3.49% | 13.76% | 8.09% | 14.49% | 7.48% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | 4.39% |
Returns By Period
In the year-to-date period, EFRA achieves a 3.49% return, which is significantly higher than TLT's 0.17% return.
EFRA
- 1D
- 2.38%
- 1M
- -8.29%
- YTD
- 3.49%
- 6M
- 3.36%
- 1Y
- 17.83%
- 3Y*
- 11.06%
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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EFRA vs. TLT - Expense Ratio Comparison
EFRA has a 0.47% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
EFRA vs. TLT — Risk / Return Rank
EFRA
TLT
EFRA vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Environmental Infrastructure and Industrials ETF (EFRA) 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.
| EFRA | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.11 | -0.04 | +1.15 |
Sortino ratioReturn per unit of downside risk | 1.66 | 0.02 | +1.64 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.59 | 0.05 | +1.54 |
Martin ratioReturn relative to average drawdown | 5.64 | 0.11 | +5.52 |
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
| EFRA | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | -0.04 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.26 | +0.66 |
Correlation
The correlation between EFRA and TLT is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EFRA vs. TLT - Dividend Comparison
EFRA's dividend yield for the trailing twelve months is around 4.19%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFRA iShares Environmental Infrastructure and Industrials ETF | 4.19% | 4.34% | 3.79% | 1.85% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
EFRA vs. TLT - Drawdown Comparison
The maximum EFRA drawdown since its inception was -16.25%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EFRA and TLT.
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Drawdown Indicators
| EFRA | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.25% | -48.35% | +32.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -9.23% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -8.29% | -40.17% | +31.88% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -13.62% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 4.38% | -1.22% |
Volatility
EFRA vs. TLT - Volatility Comparison
iShares Environmental Infrastructure and Industrials ETF (EFRA) has a higher volatility of 6.07% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.71%. This indicates that EFRA'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
| EFRA | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 3.71% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 6.61% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 11.44% | +4.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 15.90% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 14.93% | +0.52% |