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IAG vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAG vs. TLT

Last updated Jun 24, 2026

IAG (IAMGOLD Corporation) 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, IAG returned 14.25%/yr vs -1.74%/yr for TLT. At a 0.08 correlation, their price movements are largely independent.

Performance

IAG vs. TLT - Performance Comparison

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

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Returns By Period

In the year-to-date period, IAG achieves a -1.88% return, which is significantly lower than TLT's 0.77% return. Over the past 10 years, IAG has outperformed TLT with an annualized return of 14.25%, while TLT has yielded a comparatively lower -1.74% annualized return.

IAG

1D
-4.32%
1M
-2.06%
YTD
-1.88%
6M
-8.64%
1Y
112.06%
3Y*
84.41%
5Y*
39.43%
10Y*
14.25%

TLT

1D
0.13%
1M
2.20%
YTD
0.77%
6M
0.38%
1Y
3.87%
3Y*
-1.89%
5Y*
-6.59%
10Y*
-1.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAG vs. TLT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAG
IAMGOLD Corporation		-1.88%219.57%103.95%-1.94%-17.57%-14.71%-1.61%1.36%-36.88%51.43%
TLT
iShares 20+ Year Treasury Bond ETF		0.77%4.25%-8.05%2.77%-31.23%-4.60%18.15%14.12%-1.61%9.18%

Correlation

The correlation between IAG and TLT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.19

Correlation (All Time)
Calculated using the full available price history since Jul 15, 2003

0.08

The correlation between IAG and TLT shifts across timeframes, from 0.08 (all time) to 0.19 (10 years), reflecting how their relationship changes across market environments.

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IAMGOLD Corporation

iShares 20+ Year Treasury Bond ETF

Often compared with IAG:
IAG vs. GOLDIAG vs. CDEIAG vs. IAUIAG vs. PETSIAG vs. GCM.LIAG vs. USAUIAG vs. MSB
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV

Return for Risk

IAG vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAG
IAG Risk / Return Rank: 8282
Overall Rank
IAG Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IAG Sortino Ratio Rank: 8080
Sortino Ratio Rank
IAG Omega Ratio Rank: 8080
Omega Ratio Rank
IAG Calmar Ratio Rank: 8383
Calmar Ratio Rank
IAG Martin Ratio Rank: 8282
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 1414
Overall Rank
TLT Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1414
Sortino Ratio Rank
TLT Omega Ratio Rank: 1313
Omega Ratio Rank
TLT Calmar Ratio Rank: 1414
Calmar Ratio Rank
TLT Martin Ratio Rank: 1414
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IAG vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IAMGOLD Corporation (IAG) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

IAGTLTDifference
Sharpe ratioReturn per unit of total volatility
1.81
0.41

+1.40

Sortino ratioReturn per unit of downside risk
2.26
0.66

+1.60

Omega ratioGain probability vs. loss probability

1.30

1.07

+0.22

Calmar ratioReturn relative to maximum drawdown

2.85

0.51

+2.33

Martin ratioReturn relative to average drawdown

6.87

1.22

+5.65

IAG vs. TLT - Sharpe Ratio Comparison

The current IAG Sharpe Ratio is 1.81, which is higher than the TLT Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of IAG and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IAG vs. TLT - Drawdown Comparison

The maximum IAG drawdown since its inception was -95.55%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IAG and TLT.

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Drawdown Indicators

IAGTLTDifference

Max Drawdown

Largest peak-to-trough decline

-95.55%

-48.35%

-47.20%

Max Drawdown (1Y)

Largest decline over 1 year

-39.60%

-7.58%

-32.02%

Max Drawdown (3Y)

Largest decline over 3 years

-39.60%

-19.18%

-20.42%

Max Drawdown (5Y)

Largest decline over 5 years

-73.69%

-43.70%

-29.99%

Max Drawdown (10Y)

Largest decline over 10 years

-86.46%

-48.35%

-38.11%

Current Drawdown

Current decline from peak

-34.15%

-39.82%

+5.67%

Average Drawdown

Average peak-to-trough decline

-56.16%

-13.87%

-42.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.45%

3.18%

+13.27%

Volatility

IAG vs. TLT - Volatility Comparison

IAMGOLD Corporation (IAG) has a higher volatility of 20.88% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.20%. This indicates that IAG'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

IAGTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

20.88%

2.20%

+18.68%

Volatility (6M)

Calculated over the trailing 6-month period

50.09%

6.62%

+43.47%

Volatility (1Y)

Calculated over the trailing 1-year period

62.60%

9.48%

+53.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

60.60%

15.82%

+44.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

58.66%

14.88%

+43.78%

Dividends

IAG vs. TLT - Dividend Comparison

IAG has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.54%.

PositionTTM20252024202320222021202020192018201720162015
IAG
IAMGOLD Corporation		0.00%0.00%0.00%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		4.54%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

IAG and TLT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IAG has higher volatility (20.88%) compared to TLT (2.20%). In terms of maximum drawdown, IAG dropped -95.55% vs TLT's -48.35%.

IAG currently has the higher Sharpe Ratio (1.81 vs 0.41), 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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