IETC vs. TLT
IETC (iShares Evolved U.S. Technology ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - IETC is a Technology Equities fund actively managed by iShares, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. IETC is actively managed, while TLT is passively managed. Over the past 5 years, IETC returned 18.23%/yr vs -6.31%/yr for TLT. At a correlation of -0.04, they often move in opposite directions. IETC charges 0.18%/yr vs 0.15%/yr for TLT.
Performance
IETC vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, IETC achieves a 13.88% return, which is significantly higher than TLT's -0.27% return.
IETC
- 1D
- -2.13%
- 1M
- 11.52%
- YTD
- 13.88%
- 6M
- 12.87%
- 1Y
- 30.45%
- 3Y*
- 30.53%
- 5Y*
- 18.23%
- 10Y*
- —
TLT
- 1D
- -0.40%
- 1M
- 0.81%
- YTD
- -0.27%
- 6M
- -2.02%
- 1Y
- 4.93%
- 3Y*
- -1.80%
- 5Y*
- -6.31%
- 10Y*
- -1.66%
IETC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IETC iShares Evolved U.S. Technology ETF | 13.88% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 43.09% | -3.52% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | 3.44% |
Correlation
The correlation between IETC 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2018 | -0.04 |
The correlation between IETC and TLT shifts across timeframes, from -0.04 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IETC vs. TLT — Risk / Return Rank
IETC
TLT
IETC vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Evolved U.S. Technology ETF (IETC) 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.
| IETC | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.09 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.65 | +0.79 |
| Martin ratioReturn relative to average drawdown | 4.06 | 1.63 | +2.44 |
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
| IETC | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 0.51 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | -0.40 | +1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.26 | +0.61 |
Drawdowns
IETC vs. TLT - Drawdown Comparison
The maximum IETC drawdown since its inception was -38.48%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IETC and TLT.
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Drawdown Indicators
| IETC | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.48% | -48.35% | +9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -21.19% | -7.58% | -13.61% |
Max Drawdown (3Y)Largest decline over 3 years | -25.17% | -19.18% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -38.48% | -43.70% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -2.25% | -40.44% | +38.19% |
Average DrawdownAverage peak-to-trough decline | -8.14% | -13.82% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 3.04% | +4.47% |
Volatility
IETC vs. TLT - Volatility Comparison
iShares Evolved U.S. Technology ETF (IETC) has a higher volatility of 6.43% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that IETC'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
| IETC | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 2.76% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 16.49% | 6.50% | +9.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.04% | 9.77% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.53% | 15.87% | +8.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.37% | 14.91% | +10.46% |
IETC vs. TLT - Expense Ratio Comparison
IETC 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%.
Dividends
IETC vs. TLT - Dividend Comparison
IETC's dividend yield for the trailing twelve months is around 0.34%, less than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IETC iShares Evolved U.S. Technology ETF | 0.34% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.59% | 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
IETC 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.
IETC has higher volatility (6.43%) compared to TLT (2.76%). In terms of maximum drawdown, IETC dropped -38.48% vs TLT's -48.35%.
On 5-year performance, IETC leads with 18.23% vs -6.31% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IETC has performed better with a 18.23% return vs -6.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.18% for IETC.
TLT has the higher dividend yield at 4.59%, compared with 0.34% for IETC.
IETC is categorized as Technology Equities, while TLT is Government Bonds. Their fees differ too: 0.18% for IETC and 0.15% for TLT.
IETC currently has the higher Sharpe Ratio (1.46 vs 0.51), 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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