GOLD vs. TLT
Compare and contrast key facts about Barrick Gold Corporation (GOLD) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOLD or TLT.
Performance
GOLD vs. TLT - Performance Comparison
Returns By Period
In the year-to-date period, GOLD achieves a 1.96% return, which is significantly higher than TLT's -5.58% return. Over the past 10 years, GOLD has outperformed TLT with an annualized return of 5.62%, while TLT has yielded a comparatively lower -0.37% annualized return.
GOLD
1.96%
-14.49%
8.13%
14.23%
4.62%
5.62%
TLT
-5.58%
-1.81%
1.13%
3.40%
-6.09%
-0.37%
Key characteristics
| GOLD | TLT | |
|---|---|---|
| Sharpe Ratio | 0.43 | 0.26 |
| Sortino Ratio | 0.81 | 0.46 |
| Omega Ratio | 1.10 | 1.05 |
| Calmar Ratio | 0.21 | 0.09 |
| Martin Ratio | 1.45 | 0.60 |
| Ulcer Index | 10.04% | 6.30% |
| Daily Std Dev | 33.86% | 14.73% |
| Max Drawdown | -88.52% | -48.35% |
| Current Drawdown | -58.66% | -41.17% |
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Correlation
The correlation between GOLD and TLT is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GOLD vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (GOLD) 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.
Dividends
GOLD vs. TLT - Dividend Comparison
GOLD's dividend yield for the trailing twelve months is around 2.21%, less than TLT's 4.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 2.21% | 2.21% | 3.78% | 4.11% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.89% | 1.86% | 2.83% |
TLT iShares 20+ Year Treasury Bond ETF | 4.07% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
GOLD vs. TLT - Drawdown Comparison
The maximum GOLD drawdown since its inception was -88.52%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for GOLD and TLT. For additional features, visit the drawdowns tool.
Volatility
GOLD vs. TLT - Volatility Comparison
Barrick Gold Corporation (GOLD) has a higher volatility of 10.25% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.65%. This indicates that GOLD'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.