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FLOW.AS vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FLOW.AS vs. TLT

Last updated Jun 13, 2026

FLOW.AS (Flow Traders BV) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, FLOW.AS returned 4.89%/yr vs -2.07%/yr for TLT. At a 0.01 correlation, their price movements are largely independent.

Performance

FLOW.AS vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Flow Traders BV (FLOW.AS) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FLOW.AS is traded in EUR, while TLT is traded in USD. To make them comparable, the TLT values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLOW.AS achieves a 4.78% return, which is significantly higher than TLT's 1.81% return. Over the past 10 years, FLOW.AS has outperformed TLT with an annualized return of 4.89%, while TLT has yielded a comparatively lower -2.07% annualized return.

FLOW.AS

1D
3.05%
1M
-9.62%
YTD
4.78%
6M
10.31%
1Y
-9.30%
3Y*
7.96%
5Y*
-3.70%
10Y*
4.89%

TLT

1D
-0.16%
1M
2.30%
YTD
1.81%
6M
1.94%
1Y
3.73%
3Y*
-3.64%
5Y*
-5.68%
10Y*
-2.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FLOW.AS vs. TLT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FLOW.AS
Flow Traders BV		4.78%16.51%21.00%-12.74%-29.80%31.04%45.22%-18.45%48.30%-36.55%
TLT
iShares 20+ Year Treasury Bond ETF		1.81%-8.12%-1.98%-0.31%-26.97%2.54%8.41%16.70%3.01%-4.24%

Correlation

The correlation between FLOW.AS and TLT is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.04

Correlation (3Y)
Calculated over the trailing 3-year period

0.05

Correlation (5Y)
Calculated over the trailing 5-year period

0.05

Correlation (10Y)
Calculated over the trailing 10-year period

0.01

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2015

0.01

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Flow Traders BV

iShares 20+ Year Treasury Bond ETF

Often compared with FLOW.AS:
FLOW.AS vs. VIRTFLOW.AS vs. SPYFLOW.AS vs. SPHYFLOW.AS vs. URTHFLOW.AS vs. PGRFLOW.AS vs. QQQFLOW.AS vs. BTI
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV

Return for Risk

FLOW.AS vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FLOW.AS
FLOW.AS Risk / Return Rank: 2828
Overall Rank
FLOW.AS Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
FLOW.AS Sortino Ratio Rank: 2727
Sortino Ratio Rank
FLOW.AS Omega Ratio Rank: 2626
Omega Ratio Rank
FLOW.AS Calmar Ratio Rank: 3131
Calmar Ratio Rank
FLOW.AS Martin Ratio Rank: 3131
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 1414
Overall Rank
TLT Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1313
Sortino Ratio Rank
TLT Omega Ratio Rank: 1313
Omega Ratio Rank
TLT Calmar Ratio Rank: 1414
Calmar Ratio Rank
TLT Martin Ratio Rank: 1414
Martin Ratio Rank
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.

FLOW.AS vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flow Traders BV (FLOW.AS) 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.

FLOW.ASTLTDifference
Sharpe ratioReturn per unit of total volatility
-0.32
0.32

-0.64

Sortino ratioReturn per unit of downside risk
-0.24
0.51

-0.75

Omega ratioGain probability vs. loss probability

0.96

1.06

-0.10

Calmar ratioReturn relative to maximum drawdown

-0.38

0.41

-0.79

Martin ratioReturn relative to average drawdown

-0.66

0.87

-1.54

FLOW.AS vs. TLT - Sharpe Ratio Comparison

The current FLOW.AS Sharpe Ratio is -0.32, which is lower than the TLT Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of FLOW.AS and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FLOW.AS vs. TLT - Drawdown Comparison

The maximum FLOW.AS drawdown since its inception was -61.93%, which is greater than TLT's maximum drawdown of -46.77%. Use the drawdown chart below to compare losses from any high point for FLOW.AS and TLT.

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Drawdown Indicators

FLOW.ASTLTDifference

Max Drawdown

Largest peak-to-trough decline

-61.93%

-46.77%

-15.16%

Max Drawdown (1Y)

Largest decline over 1 year

-23.86%

-7.42%

-16.44%

Max Drawdown (3Y)

Largest decline over 3 years

-28.55%

-17.13%

-11.42%

Max Drawdown (5Y)

Largest decline over 5 years

-54.52%

-39.79%

-14.73%

Max Drawdown (10Y)

Largest decline over 10 years

-54.52%

-46.77%

-7.75%

Current Drawdown

Current decline from peak

-20.36%

-43.55%

+23.19%

Average Drawdown

Average peak-to-trough decline

-29.40%

-18.55%

-10.85%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.70%

3.51%

+9.19%

Volatility

FLOW.AS vs. TLT - Volatility Comparison

Flow Traders BV (FLOW.AS) has a higher volatility of 16.12% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.29%. This indicates that FLOW.AS'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

FLOW.ASTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.12%

2.29%

+13.83%

Volatility (6M)

Calculated over the trailing 6-month period

21.73%

7.11%

+14.62%

Volatility (1Y)

Calculated over the trailing 1-year period

27.98%

9.74%

+18.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.37%

16.22%

+15.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

31.59%

15.63%

+15.96%

Dividends

FLOW.AS vs. TLT - Dividend Comparison

FLOW.AS has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.56%.

PositionTTM20252024202320222021202020192018201720162015
FLOW.AS
Flow Traders BV		0.00%0.00%0.70%6.12%4.85%10.87%16.81%6.27%6.11%5.00%4.73%1.10%
TLT
iShares 20+ Year Treasury Bond ETF		4.56%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

FLOW.AS and TLT have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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