GOOG vs. TLT
GOOG (Alphabet Inc) 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, GOOG returned 26.05%/yr vs -1.85%/yr for TLT. At a correlation of -0.08, they often move in opposite directions.
Performance
GOOG vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, GOOG achieves a 15.25% return, which is significantly higher than TLT's -1.08% return. Over the past 10 years, GOOG has outperformed TLT with an annualized return of 26.05%, while TLT has yielded a comparatively lower -1.85% annualized return.
GOOG
- 1D
- -1.20%
- 1M
- -8.98%
- YTD
- 15.25%
- 6M
- 15.01%
- 1Y
- 107.32%
- 3Y*
- 43.67%
- 5Y*
- 23.94%
- 10Y*
- 26.05%
TLT
- 1D
- -0.52%
- 1M
- -1.31%
- YTD
- -1.08%
- 6M
- -1.51%
- 1Y
- 3.67%
- 3Y*
- -2.05%
- 5Y*
- -6.70%
- 10Y*
- -1.85%
GOOG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 15.25% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
TLT iShares 20+ Year Treasury Bond ETF | -1.08% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between GOOG and TLT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2014 | -0.08 |
The correlation between GOOG and TLT shifts across timeframes, from -0.08 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GOOG vs. TLT — Risk / Return Rank
GOOG
TLT
GOOG vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alphabet Inc (GOOG) 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.
| GOOG | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.38 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.07 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 5.20 | 0.49 | +4.71 |
| Martin ratioReturn relative to average drawdown | 18.68 | 1.19 | +17.49 |
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
| GOOG | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.76 | 0.38 | +3.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | -0.42 | +1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.90 | -0.12 | +1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.25 | +0.57 |
Drawdowns
GOOG vs. TLT - Drawdown Comparison
The maximum GOOG drawdown since its inception was -44.60%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for GOOG and TLT.
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Drawdown Indicators
| GOOG | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -48.35% | +3.75% |
Max Drawdown (1Y)Largest decline over 1 year | -20.75% | -7.58% | -13.17% |
Max Drawdown (3Y)Largest decline over 3 years | -29.35% | -19.18% | -10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -44.60% | -43.70% | -0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -44.60% | -48.35% | +3.75% |
Current DrawdownCurrent decline from peak | -9.44% | -40.92% | +31.48% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -13.83% | +4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.77% | 3.08% | +2.69% |
Volatility
GOOG vs. TLT - Volatility Comparison
Alphabet Inc (GOOG) has a higher volatility of 8.43% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.65%. This indicates that GOOG'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
| GOOG | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 2.65% | +5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 20.50% | 6.51% | +13.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.74% | 9.60% | +19.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.14% | 15.85% | +15.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.02% | 14.91% | +14.11% |
Dividends
GOOG vs. TLT - Dividend Comparison
GOOG's dividend yield for the trailing twelve months is around 0.29%, less than TLT's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOOG Alphabet Inc | 0.29% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.63% | 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
GOOG and TLT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (8.43%) compared to TLT (2.65%). In terms of maximum drawdown, GOOG dropped -44.60% vs TLT's -48.35%.
GOOG currently has the higher Sharpe Ratio (3.76 vs 0.38), 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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