IBTA.L vs. TLT
Compare and contrast key facts about iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) and iShares 20+ Year Treasury Bond ETF (TLT).
IBTA.L and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Apr 13, 2017. 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. Both IBTA.L and TLT 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: IBTA.L or TLT.
Key characteristics
| IBTA.L | TLT | |
|---|---|---|
| YTD Return | 3.45% | -6.14% |
| 1Y Return | 5.03% | 4.03% |
| 3Y Return (Ann) | 1.16% | -12.58% |
| 5Y Return (Ann) | 1.28% | -5.92% |
| Sharpe Ratio | 2.70 | 0.43 |
| Sortino Ratio | 4.30 | 0.70 |
| Omega Ratio | 1.60 | 1.08 |
| Calmar Ratio | 2.46 | 0.14 |
| Martin Ratio | 13.78 | 1.05 |
| Ulcer Index | 0.37% | 6.10% |
| Daily Std Dev | 1.94% | 15.01% |
| Max Drawdown | -5.80% | -48.35% |
| Current Drawdown | -0.83% | -41.52% |
Correlation
The correlation between IBTA.L and TLT is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IBTA.L vs. TLT - Performance Comparison
In the year-to-date period, IBTA.L achieves a 3.45% return, which is significantly higher than TLT's -6.14% 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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IBTA.L vs. TLT - Expense Ratio Comparison
IBTA.L has a 0.07% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IBTA.L vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) 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
IBTA.L vs. TLT - Dividend Comparison
IBTA.L has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.10%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTA.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 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 | 4.10% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
IBTA.L vs. TLT - Drawdown Comparison
The maximum IBTA.L drawdown since its inception was -5.80%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IBTA.L and TLT. For additional features, visit the drawdowns tool.
Volatility
IBTA.L vs. TLT - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (IBTA.L) is 0.38%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.07%. This indicates that IBTA.L 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.