EUIG vs. TLT

Last updated Jun 4, 2026

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 0.58 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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Euro Investment Grade Corporate Bond USD Hedged ETF (EUIG) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EUIG achieves a 1.18% return, which is significantly higher than TLT's -0.27% return.

EUIG

• 1D: 0.03%
• 1M: 0.90%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLT

• 1D: -0.40%
• 1M: 0.81%
• YTD: -0.27%
• 6M: -2.02%
• 1Y: 4.93%
• 3Y*: -1.80%
• 5Y*: -6.31%
• 10Y*: -1.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUIG vs. TLT - Yearly Performance Comparison

	2026 (YTD)	2025
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF	1.18%	-0.10%
TLT iShares 20+ Year Treasury Bond ETF	-0.27%	-2.17%

Correlation

The correlation between EUIG and TLT is 0.58, 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 7, 2025	0.58

Return for Risk

EUIG vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLT

TLT Risk / Return Rank: 16
TLT Sharpe Ratio Rank: 16
TLT Sortino Ratio Rank: 15
TLT Omega Ratio Rank: 15
TLT Calmar Ratio Rank: 17
TLT Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EUIG	TLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.26	+0.37

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.

Drawdown Indicators

	EUIG	TLT	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.30%	-40.44%	+40.14%
Average Drawdown Average peak-to-trough decline	-0.57%	-13.82%	+13.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.04%	—

Volatility

Volatility by Period

	EUIG	TLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	9.77%	-6.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.07%	15.87%	-12.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.07%	14.91%	-11.84%

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 1.60%, less than TLT's 4.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUIG iShares Euro Investment Grade Corporate Bond USD Hedged ETF	1.60%	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	4.59%	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

Can I hold both EUIG and TLT in my portfolio?

EUIG and TLT have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EUIG or TLT?

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.

Which ETF is cheaper, EUIG or TLT?

TLT is cheaper with a 0.15% expense ratio, compared with 0.18% for EUIG.

Which ETF pays a higher dividend yield, EUIG or TLT?

TLT has the higher dividend yield at 4.59%, compared with 1.60% for EUIG.

What is the main difference between EUIG and TLT?

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.