GOVT vs. TLTW
Compare and contrast key facts about iShares U.S. Treasury Bond ETF (GOVT) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
GOVT and TLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022. Both GOVT and TLTW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOVT or TLTW.
Correlation
The correlation between GOVT and TLTW is 0.12, 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
GOVT vs. TLTW - Performance Comparison
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Key characteristics
GOVT:
0.66
TLTW:
0.26
GOVT:
1.07
TLTW:
0.46
GOVT:
1.14
TLTW:
1.06
GOVT:
0.27
TLTW:
0.20
GOVT:
1.92
TLTW:
0.59
GOVT:
2.25%
TLTW:
5.39%
GOVT:
6.03%
TLTW:
10.53%
GOVT:
-19.78%
TLTW:
-18.60%
GOVT:
-11.91%
TLTW:
-12.19%
Returns By Period
In the year-to-date period, GOVT achieves a -0.77% return, which is significantly lower than TLTW's 1.10% return.
GOVT
-0.77%
-0.65%
1.46%
3.97%
-2.30%
0.74%
TLTW
1.10%
-0.89%
0.15%
2.72%
N/A
N/A
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GOVT vs. TLTW - Expense Ratio Comparison
GOVT has a 0.15% expense ratio, which is lower than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
GOVT vs. TLTW — Risk-Adjusted Performance Rank
GOVT
TLTW
GOVT vs. TLTW - 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 BuyWrite Strategy ETF (TLTW). 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.
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Dividends
GOVT vs. TLTW - Dividend Comparison
GOVT's dividend yield for the trailing twelve months is around 3.38%, less than TLTW's 16.37% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 3.38% | 3.14% | 2.65% | 1.77% | 0.96% | 1.28% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 16.37% | 14.47% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOVT vs. TLTW - Drawdown Comparison
The maximum GOVT drawdown since its inception was -19.78%, which is greater than TLTW's maximum drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for GOVT and TLTW. For additional features, visit the drawdowns tool.
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Volatility
GOVT vs. TLTW - Volatility Comparison
The current volatility for iShares U.S. Treasury Bond ETF (GOVT) is 1.43%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 3.06%. This indicates that GOVT experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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