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GOVT vs. TLT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GOVT and TLT is -0.19. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.2

Performance

GOVT vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Treasury Bond ETF (GOVT) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
14.48%
6.12%
GOVT
TLT

Key characteristics

Sharpe Ratio

GOVT:

1.08

TLT:

0.23

Sortino Ratio

GOVT:

1.59

TLT:

0.41

Omega Ratio

GOVT:

1.21

TLT:

1.05

Calmar Ratio

GOVT:

0.39

TLT:

0.07

Martin Ratio

GOVT:

2.88

TLT:

0.44

Ulcer Index

GOVT:

2.22%

TLT:

7.49%

Daily Std Dev

GOVT:

5.97%

TLT:

14.42%

Max Drawdown

GOVT:

-19.78%

TLT:

-48.35%

Current Drawdown

GOVT:

-10.90%

TLT:

-41.51%

Returns By Period

In the year-to-date period, GOVT achieves a 0.35% return, which is significantly lower than TLT's 2.09% return. Over the past 10 years, GOVT has outperformed TLT with an annualized return of 0.75%, while TLT has yielded a comparatively lower -1.24% annualized return.


GOVT

YTD

0.35%

1M

0.40%

6M

1.57%

1Y

6.60%

5Y*

-2.12%

10Y*

0.75%

TLT

YTD

2.09%

1M

-1.34%

6M

-2.75%

1Y

3.98%

5Y*

-10.04%

10Y*

-1.24%

*Annualized

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GOVT vs. TLT - Expense Ratio Comparison

Both GOVT 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%.


Expense ratio chart for GOVT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GOVT: 0.15%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%

Risk-Adjusted Performance

GOVT vs. TLT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOVT
The Risk-Adjusted Performance Rank of GOVT is 7575
Overall Rank
The Sharpe Ratio Rank of GOVT is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of GOVT is 8383
Sortino Ratio Rank
The Omega Ratio Rank of GOVT is 8282
Omega Ratio Rank
The Calmar Ratio Rank of GOVT is 5555
Calmar Ratio Rank
The Martin Ratio Rank of GOVT is 7373
Martin Ratio Rank

TLT
The Risk-Adjusted Performance Rank of TLT is 3535
Overall Rank
The Sharpe Ratio Rank of TLT is 4040
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 3838
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 3535
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 3030
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 3333
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GOVT vs. TLT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Treasury Bond ETF (GOVT) 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.


The chart of Sharpe ratio for GOVT, currently valued at 1.08, compared to the broader market-1.000.001.002.003.004.00
GOVT: 1.08
TLT: 0.23
The chart of Sortino ratio for GOVT, currently valued at 1.59, compared to the broader market-2.000.002.004.006.008.00
GOVT: 1.59
TLT: 0.41
The chart of Omega ratio for GOVT, currently valued at 1.21, compared to the broader market0.501.001.502.002.50
GOVT: 1.21
TLT: 1.05
The chart of Calmar ratio for GOVT, currently valued at 0.39, compared to the broader market0.002.004.006.008.0010.0012.00
GOVT: 0.39
TLT: 0.07
The chart of Martin ratio for GOVT, currently valued at 2.88, compared to the broader market0.0020.0040.0060.00
GOVT: 2.88
TLT: 0.44

The current GOVT Sharpe Ratio is 1.08, which is higher than the TLT Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of GOVT and TLT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50NovemberDecember2025FebruaryMarchApril
1.08
0.23
GOVT
TLT

Dividends

GOVT vs. TLT - Dividend Comparison

GOVT's dividend yield for the trailing twelve months is around 3.31%, less than TLT's 4.27% yield.


TTM20242023202220212020201920182017201620152014
GOVT
iShares U.S. Treasury Bond ETF
3.31%3.14%2.65%1.77%0.96%1.28%1.98%1.97%1.57%1.40%1.25%1.17%
TLT
iShares 20+ Year Treasury Bond ETF
4.27%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%

Drawdowns

GOVT vs. TLT - Drawdown Comparison

The maximum GOVT drawdown since its inception was -19.78%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for GOVT and TLT. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%NovemberDecember2025FebruaryMarchApril
-10.90%
-41.51%
GOVT
TLT

Volatility

GOVT vs. TLT - Volatility Comparison

The current volatility for iShares U.S. Treasury Bond ETF (GOVT) is 1.88%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.98%. This indicates that GOVT experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%NovemberDecember2025FebruaryMarchApril
1.88%
5.98%
GOVT
TLT