EUSB vs. TLT
EUSB (iShares ESG Advanced Total USD Bond Market ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - EUSB is a Intermediate Core-Plus Bond fund tracking the Bloomberg MSCI US Universal Choice ESG Screened 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 5 years, EUSB returned -0.11%/yr vs -8.18%/yr for TLT. Their correlation of 0.87 means they have usually moved in the same direction. EUSB charges 0.12%/yr vs 0.15%/yr for TLT.
Performance
EUSB vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, EUSB achieves a -0.60% return, which is significantly higher than TLT's -3.49% return.
EUSB
- 1D
- -0.16%
- 1M
- -1.13%
- 6M
- -0.73%
- YTD
- -0.60%
- 1Y
- 1.95%
- 3Y*
- 4.22%
- 5Y*
- -0.11%
- 10Y*
- —
- ALL TIME*
- 0.08%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.71M | $1.61M | $2.23M | |
| $2.33B | $2.02B | $2.19B |
EUSB vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | -0.60% | 7.45% | 1.83% | 5.80% | -12.81% | -1.29% | 1.47% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | -2.51% |
Correlation
The correlation between EUSB and TLT is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | 0.87 |
The correlation between EUSB and TLT has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
EUSB vs. TLT — Risk / Return Rank
EUSB
TLT
EUSB vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Advanced Total USD Bond Market ETF (EUSB) 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.
| EUSB | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.99 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | -0.14 | +1.26 |
| Martin ratioReturn relative to average drawdown | 2.80 | -0.30 | +3.10 |
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Drawdowns
EUSB vs. TLT - Drawdown Comparison
The maximum EUSB drawdown since its inception was -17.87%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EUSB and TLT.
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Drawdown Indicators
| EUSB | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.87% | -48.35% | +30.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -7.74% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -4.91% | -14.79% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -17.43% | -43.70% | +26.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -2.08% | -42.36% | +40.28% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -13.99% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 3.57% | -2.58% |
Volatility
EUSB vs. TLT - Volatility Comparison
The current volatility for iShares ESG Advanced Total USD Bond Market ETF (EUSB) is 0.93%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.46%. This indicates that EUSB experiences smaller price fluctuations and is considered to be less risky 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
| EUSB | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 2.46% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 6.85% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 9.32% | -5.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.78% | 15.74% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 14.83% | -9.46% |
EUSB vs. TLT - Expense Ratio Comparison
EUSB has a 0.12% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUSB vs. TLT - Dividend Comparison
EUSB's dividend yield for the trailing twelve months is around 4.01%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUSB iShares ESG Advanced Total USD Bond Market ETF | 3.68% | 3.84% | 3.67% | 3.08% | 2.21% | 1.10% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 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
EUSB and TLT have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.46%) compared to EUSB (0.93%). In terms of maximum drawdown, EUSB dropped -17.87% vs TLT's -48.35%.
On 5-year performance, EUSB leads with -0.11% vs -8.18% for TLT. On fees, EUSB is cheaper at 0.12% per year. On volatility, EUSB has been the lower-risk option at 0.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EUSB has performed better with a -0.11% return vs -8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EUSB is cheaper with a 0.12% expense ratio, compared with 0.15% for TLT.
TLT has the higher dividend yield at 4.34%, compared with 3.68% for EUSB.
EUSB is categorized as Intermediate Core-Plus Bond, while TLT is Government Bonds. EUSB tracks Bloomberg MSCI US Universal Choice ESG Screened Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.12% for EUSB and 0.15% for TLT.
EUSB currently has the higher Sharpe Ratio (0.79 vs -0.11), 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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