IEI vs. TLH
Compare and contrast key facts about iShares 3-7 Year Treasury Bond ETF (IEI) and iShares 10-20 Year Treasury Bond ETF (TLH).
IEI and TLH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. TLH is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 10-20 Year Treasury Bond Index. It was launched on Jan 11, 2007. Both IEI and TLH 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: IEI or TLH.
Key characteristics
| IEI | TLH | |
|---|---|---|
| YTD Return | -2.30% | -7.50% |
| 1Y Return | -0.89% | -8.81% |
| 3Y Return (Ann) | -2.86% | -8.92% |
| 5Y Return (Ann) | -0.01% | -3.58% |
| 10Y Return (Ann) | 0.93% | -0.12% |
| Sharpe Ratio | -0.27 | -0.70 |
| Daily Std Dev | 5.17% | 13.86% |
| Max Drawdown | -14.60% | -41.14% |
| Current Drawdown | -10.47% | -36.02% |
Correlation
The correlation between IEI and TLH is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IEI vs. TLH - Performance Comparison
In the year-to-date period, IEI achieves a -2.30% return, which is significantly higher than TLH's -7.50% return. Over the past 10 years, IEI has outperformed TLH with an annualized return of 0.93%, while TLH has yielded a comparatively lower -0.12% annualized 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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IEI vs. TLH - Expense Ratio Comparison
Both IEI and TLH 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%.
Risk-Adjusted Performance
IEI vs. TLH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and iShares 10-20 Year Treasury Bond ETF (TLH). 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
IEI vs. TLH - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 2.69%, less than TLH's 4.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | 2.69% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
TLH iShares 10-20 Year Treasury Bond ETF | 4.24% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% | 2.12% | 2.41% |
Drawdowns
IEI vs. TLH - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum TLH drawdown of -41.14%. Use the drawdown chart below to compare losses from any high point for IEI and TLH. For additional features, visit the drawdowns tool.
Volatility
IEI vs. TLH - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 1.39%, while iShares 10-20 Year Treasury Bond ETF (TLH) has a volatility of 3.60%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than TLH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.