IEDI vs. TLT
Compare and contrast key facts about iShares Evolved U.S. Discretionary Spending ETF (IEDI) and iShares 20+ Year Treasury Bond ETF (TLT).
IEDI and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEDI is an actively managed fund by iShares. It was launched on Mar 21, 2018. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
IEDI vs. TLT - Performance Comparison
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IEDI vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | -1.55% | 4.05% | 22.11% | 24.32% | -23.17% | 21.19% | 29.83% | 31.07% | 0.71% |
TLT iShares 20+ Year Treasury Bond ETF | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | 3.44% |
Returns By Period
In the year-to-date period, IEDI achieves a -1.55% return, which is significantly lower than TLT's 0.17% return.
IEDI
- 1D
- 1.94%
- 1M
- -6.33%
- YTD
- -1.55%
- 6M
- -3.49%
- 1Y
- 6.91%
- 3Y*
- 13.88%
- 5Y*
- 6.69%
- 10Y*
- —
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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IEDI vs. TLT - Expense Ratio Comparison
IEDI has a 0.18% expense ratio, which is higher than TLT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IEDI vs. TLT — Risk / Return Rank
IEDI
TLT
IEDI vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Discretionary Spending ETF (IEDI) 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.
| IEDI | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.41 | -0.04 | +0.45 |
Sortino ratioReturn per unit of downside risk | 0.75 | 0.02 | +0.73 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.00 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 0.05 | +0.74 |
Martin ratioReturn relative to average drawdown | 2.35 | 0.11 | +2.24 |
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
| IEDI | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.41 | -0.04 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | -0.37 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.26 | +0.36 |
Correlation
The correlation between IEDI and TLT is -0.01. 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.
Dividends
IEDI vs. TLT - Dividend Comparison
IEDI's dividend yield for the trailing twelve months is around 0.98%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEDI iShares Evolved U.S. Discretionary Spending ETF | 0.98% | 0.95% | 0.90% | 1.13% | 3.38% | 0.70% | 0.83% | 2.07% | 1.57% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
IEDI vs. TLT - Drawdown Comparison
The maximum IEDI drawdown since its inception was -30.60%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IEDI and TLT.
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Drawdown Indicators
| IEDI | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.60% | -48.35% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -9.23% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -29.79% | -43.70% | +13.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -7.31% | -40.17% | +32.86% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -13.62% | +6.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.38% | -0.81% |
Volatility
IEDI vs. TLT - Volatility Comparison
iShares Evolved U.S. Discretionary Spending ETF (IEDI) has a higher volatility of 4.85% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.71%. This indicates that IEDI'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
| IEDI | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 3.71% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 6.61% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.06% | 11.44% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.15% | 15.90% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.52% | 14.93% | +4.59% |