ERET vs. TLT
ERET (Ishares Environmentally Aware Real Estate ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - ERET is a REIT fund tracking the FTSE EPRA Nareit Developed Green Target 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 3 years, ERET returned 10.14%/yr vs -1.15%/yr for TLT. Their 0.32 correlation means their historical movements had little consistent relationship. ERET charges 0.30%/yr vs 0.15%/yr for TLT.
Performance
ERET vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, ERET achieves a 11.91% return, which is significantly higher than TLT's -3.18% return.
ERET
- 1D
- -0.24%
- 1M
- 1.31%
- 6M
- 8.69%
- YTD
- 11.91%
- 1Y
- 17.44%
- 3Y*
- 10.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 8.91%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.74K | $48.03K | $74.82K | |
| $2.39B | $2.06B | $2.20B |
ERET vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 11.91% | 10.26% | 0.60% | 10.25% | 0.29% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -1.34% |
Correlation
The correlation between ERET and TLT is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2022 | 0.32 |
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Return for Risk
ERET vs. TLT — Risk / Return Rank
ERET
TLT
ERET vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Environmentally Aware Real Estate ETF (ERET) 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.
| ERET | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.97 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | -0.28 | +1.95 |
| Martin ratioReturn relative to average drawdown | 6.25 | -0.59 | +6.84 |
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Drawdowns
ERET vs. TLT - Drawdown Comparison
The maximum ERET drawdown since its inception was -20.30%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ERET and TLT.
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Drawdown Indicators
| ERET | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.30% | -48.35% | +28.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -7.74% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -14.79% | -2.82% |
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 | -1.62% | -42.17% | +40.55% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -14.00% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 3.60% | -0.80% |
Volatility
ERET vs. TLT - Volatility Comparison
Ishares Environmentally Aware Real Estate ETF (ERET) has a higher volatility of 3.32% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that ERET'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
| ERET | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.51% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 6.84% | +3.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 9.24% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 15.74% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 14.83% | +0.82% |
ERET vs. TLT - Expense Ratio Comparison
ERET has a 0.30% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
ERET vs. TLT - Dividend Comparison
ERET's dividend yield for the trailing twelve months is around 3.25%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERET Ishares Environmentally Aware Real Estate ETF | 3.25% | 3.79% | 4.26% | 3.67% | 0.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 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
ERET and TLT have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERET has higher volatility (3.32%) compared to TLT (2.51%). In terms of maximum drawdown, ERET dropped -20.30% vs TLT's -48.35%.
On 3-year performance, ERET leads with 10.14% vs -1.15% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ERET has performed better with a 10.14% return vs -1.15%. 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 0.30% for ERET.
TLT has the higher dividend yield at 4.75%, compared with 3.25% for ERET.
ERET is categorized as REIT, while TLT is Government Bonds. ERET tracks FTSE EPRA Nareit Developed Green Target Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.30% for ERET and 0.15% for TLT.
ERET currently has the higher Sharpe Ratio (1.43 vs -0.23), 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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