EWJV vs. TLT
EWJV (iShares MSCI Japan Value ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - EWJV is a Japan Equities fund tracking the MSCI Japan Value 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, EWJV returned 13.51%/yr vs -6.31%/yr for TLT. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
EWJV vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, EWJV achieves a 14.97% return, which is significantly higher than TLT's -0.27% return.
EWJV
- 1D
- 0.27%
- 1M
- 6.48%
- YTD
- 14.97%
- 6M
- 18.88%
- 1Y
- 36.33%
- 3Y*
- 24.24%
- 5Y*
- 13.51%
- 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%
EWJV vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 14.97% | 33.96% | 11.59% | 23.60% | -6.02% | 5.48% | 2.41% | 10.48% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.04% |
Correlation
The correlation between EWJV and TLT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019 | -0.02 |
The correlation between EWJV and TLT shifts across timeframes, from -0.02 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EWJV vs. TLT — Risk / Return Rank
EWJV
TLT
EWJV vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Japan Value ETF (EWJV) 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.
| EWJV | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.92 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.09 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.65 | +1.82 |
| Martin ratioReturn relative to average drawdown | 7.52 | 1.63 | +5.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EWJV | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 0.51 | +1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | -0.40 | +1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.26 | +0.43 |
Drawdowns
EWJV vs. TLT - Drawdown Comparison
The maximum EWJV drawdown since its inception was -30.05%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for EWJV and TLT.
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Drawdown Indicators
| EWJV | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.05% | -48.35% | +18.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.74% | -7.58% | -7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.74% | -19.18% | +4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.39% | -43.70% | +18.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -3.99% | -40.44% | +36.45% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -13.82% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 3.04% | +1.81% |
Volatility
EWJV vs. TLT - Volatility Comparison
iShares MSCI Japan Value ETF (EWJV) has a higher volatility of 3.96% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that EWJV'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
| EWJV | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 2.76% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 6.50% | +8.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.22% | 9.77% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 15.87% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 14.91% | +3.62% |
EWJV vs. TLT - Expense Ratio Comparison
Both EWJV and TLT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EWJV vs. TLT - Dividend Comparison
EWJV's dividend yield for the trailing twelve months is around 4.66%, more than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWJV iShares MSCI Japan Value ETF | 4.66% | 5.35% | 4.10% | 3.32% | 2.71% | 2.46% | 1.96% | 4.29% | 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
EWJV and TLT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWJV has higher volatility (3.96%) compared to TLT (2.76%). In terms of maximum drawdown, EWJV dropped -30.05% vs TLT's -48.35%.
On 5-year performance, EWJV leads with 13.51% vs -6.31% for TLT. Both ETFs have the same 0.15% expense ratio. On volatility, TLT has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EWJV has performed better with a 13.51% return vs -6.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWJV and TLT have the same expense ratio: 0.15% per year.
EWJV has the higher dividend yield at 4.66%, compared with 4.59% for TLT.
EWJV is categorized as Japan Equities, while TLT is Government Bonds. EWJV tracks MSCI Japan Value Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index.
EWJV currently has the higher Sharpe Ratio (1.90 vs 0.51), 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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