EUIG vs. TLT
EUIG (iShares Euro Investment Grade Corporate Bond USD Hedged ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - EUIG is a European Corporate Bonds fund tracking the BBG Euro Corporate Index, 100% USD Hedged, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. EUIG charges 0.18%/yr vs 0.15%/yr for TLT.
Performance
EUIG vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, EUIG achieves a 2.27% return, which is significantly higher than TLT's 2.12% return.
EUIG
- 1D
- 0.19%
- 1M
- 1.01%
- YTD
- 2.27%
- 6M
- 2.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- 0.01%
- 1M
- 2.82%
- YTD
- 2.12%
- 6M
- 1.45%
- 1Y
- 3.86%
- 3Y*
- -1.40%
- 5Y*
- -6.15%
- 10Y*
- -1.87%
EUIG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 2.27% | -0.14% |
TLT iShares 20+ Year Treasury Bond ETF | 2.12% | -1.29% |
Correlation
The correlation between EUIG and TLT is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025 | 0.57 |
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Return for Risk
EUIG vs. TLT — Risk / Return Rank
EUIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TLT
EUIG vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Investment Grade Corporate Bond USD Hedged ETF (EUIG) 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.
| EUIG | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.51 | — |
| Martin ratioReturn relative to average drawdown | — | 1.21 | — |
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Drawdowns
EUIG vs. TLT - Drawdown Comparison
The maximum EUIG drawdown since its inception was -2.32%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EUIG and TLT.
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Drawdown Indicators
| EUIG | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.32% | -48.35% | +46.03% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.58% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.18% | — |
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 | 0.00% | -39.01% | +39.01% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -13.88% | +13.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.19% | — |
Volatility
EUIG vs. TLT - Volatility Comparison
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Volatility by Period
| EUIG | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 9.54% | -6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.14% | 15.81% | -12.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.14% | 14.86% | -11.72% |
EUIG vs. TLT - Expense Ratio Comparison
EUIG has a 0.18% expense ratio, which is higher than TLT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUIG vs. TLT - Dividend Comparison
EUIG's dividend yield for the trailing twelve months is around 1.59%, less than TLT's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF | 1.59% | 0.43% | 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 | 4.48% | 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
EUIG and TLT have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLT is cheaper with a 0.15% expense ratio, compared with 0.18% for EUIG.
TLT has the higher dividend yield at 4.48%, compared with 1.59% for EUIG.
EUIG is categorized as European Corporate Bonds, while TLT is Government Bonds. EUIG tracks BBG Euro Corporate Index, 100% USD Hedged, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.18% for EUIG and 0.15% for TLT.
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