EQX vs. TLT
Compare and contrast key facts about Equinox Gold Corp. (EQX) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EQX or TLT.
Key characteristics
| EQX | TLT | |
|---|---|---|
| YTD Return | 19.02% | -3.33% |
| 1Y Return | 26.80% | 9.94% |
| 3Y Return (Ann) | -9.78% | -12.43% |
| 5Y Return (Ann) | -0.90% | -4.96% |
| Sharpe Ratio | 0.54 | 0.49 |
| Sortino Ratio | 1.10 | 0.79 |
| Omega Ratio | 1.13 | 1.09 |
| Calmar Ratio | 0.38 | 0.16 |
| Martin Ratio | 1.81 | 1.23 |
| Ulcer Index | 14.84% | 6.00% |
| Daily Std Dev | 49.23% | 15.09% |
| Max Drawdown | -81.06% | -48.35% |
| Current Drawdown | -56.44% | -39.77% |
Correlation
The correlation between EQX and TLT is 0.17, 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.
Performance
EQX vs. TLT - Performance Comparison
In the year-to-date period, EQX achieves a 19.02% return, which is significantly higher than TLT's -3.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EQX vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Equinox Gold Corp. (EQX) 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.
Dividends
EQX vs. TLT - Dividend Comparison
EQX has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 3.98%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EQX Equinox Gold Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.98% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
EQX vs. TLT - Drawdown Comparison
The maximum EQX drawdown since its inception was -81.06%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EQX and TLT. For additional features, visit the drawdowns tool.
Volatility
EQX vs. TLT - Volatility Comparison
Equinox Gold Corp. (EQX) has a higher volatility of 17.66% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 5.01%. This indicates that EQX'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.