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.
Key characteristics
| GOLD | TLT | |
|---|---|---|
| YTD Return | -7.38% | -9.91% |
| 1Y Return | -10.22% | -11.52% |
| 3Y Return (Ann) | -4.72% | -11.73% |
| 5Y Return (Ann) | 8.59% | -4.37% |
| 10Y Return (Ann) | 1.32% | -0.04% |
| Sharpe Ratio | -0.35 | -0.82 |
| Daily Std Dev | 30.01% | 17.09% |
| Max Drawdown | -88.52% | -48.35% |
| Current Drawdown | -62.44% | -43.86% |
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.
Performance
GOLD vs. TLT - Performance Comparison
In the year-to-date period, GOLD achieves a -7.38% return, which is significantly higher than TLT's -9.91% return. Over the past 10 years, GOLD has outperformed TLT with an annualized return of 1.32%, while TLT has yielded a comparatively lower -0.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 2.40%, less than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLD Barrick Gold Corporation | 2.40% | 2.21% | 3.76% | 4.05% | 1.34% | 0.69% | 1.38% | 0.82% | 0.49% | 1.87% | 1.84% | 2.80% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 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 10.64% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.98%. 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.