IFGL vs. TLT
IFGL (iShares International Developed Real Estate ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - IFGL is a REIT fund tracking the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, IFGL returned 1.53%/yr vs -2.38%/yr for TLT. Their -0.12 correlation means they have often moved in opposite directions in the past. IFGL charges 0.48%/yr vs 0.15%/yr for TLT.
Performance
IFGL vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, IFGL achieves a 1.92% return, which is significantly higher than TLT's -3.49% return. Over the past 10 years, IFGL has outperformed TLT with an annualized return of 1.53%, while TLT has yielded a comparatively lower -2.38% annualized return.
IFGL
- 1D
- -1.04%
- 1M
- 2.75%
- 6M
- -2.69%
- YTD
- 1.92%
- 1Y
- 8.22%
- 3Y*
- 7.92%
- 5Y*
- -1.93%
- 10Y*
- 1.53%
- ALL TIME*
- 0.86%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $243.44K | $230.79K | $223.33K | |
| $2.33B | $2.02B | $2.19B |
IFGL vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 1.92% | 24.31% | -7.25% | 5.40% | -24.21% | 8.29% | -7.62% | 20.65% | -6.39% | 20.00% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between IFGL and TLT is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.27 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 2007 | -0.12 |
The correlation between IFGL and TLT shifts across timeframes, from -0.12 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IFGL vs. TLT — Risk / Return Rank
IFGL
TLT
IFGL vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares International Developed Real Estate ETF (IFGL) 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.
| IFGL | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.99 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | -0.14 | +0.77 |
| Martin ratioReturn relative to average drawdown | 1.47 | -0.30 | +1.77 |
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Drawdowns
IFGL vs. TLT - Drawdown Comparison
The maximum IFGL drawdown since its inception was -68.93%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IFGL and TLT.
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Drawdown Indicators
| IFGL | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.93% | -48.35% | -20.58% |
Max Drawdown (1Y)Largest decline over 1 year | -14.38% | -7.74% | -6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | -14.79% | -3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -38.00% | -43.70% | +5.70% |
Max Drawdown (10Y)Largest decline over 10 years | -40.38% | -48.35% | +7.97% |
Current DrawdownCurrent decline from peak | -11.37% | -42.36% | +30.99% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -13.99% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 3.57% | +2.61% |
Volatility
IFGL vs. TLT - Volatility Comparison
iShares International Developed Real Estate ETF (IFGL) has a higher volatility of 3.67% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. This indicates that IFGL'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
| IFGL | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.46% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.21% | 6.85% | +5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.13% | 9.32% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 15.74% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 14.83% | +1.58% |
IFGL vs. TLT - Expense Ratio Comparison
IFGL has a 0.48% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
IFGL vs. TLT - Dividend Comparison
IFGL's dividend yield for the trailing twelve months is around 4.03%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFGL iShares International Developed Real Estate ETF | 4.03% | 3.71% | 4.83% | 1.82% | 2.79% | 3.25% | 2.17% | 7.60% | 4.10% | 4.90% | 7.68% | 3.70% |
TLT iShares 20+ Year Treasury Bond ETF | 4.34% | 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
IFGL and TLT have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFGL has higher volatility (3.67%) compared to TLT (2.46%). In terms of maximum drawdown, IFGL dropped -68.93% vs TLT's -48.35%.
On 10-year performance, IFGL leads with 1.53% vs -2.38% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IFGL has performed better with a 1.53% return vs -2.38%. 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 0.48% for IFGL.
TLT has the higher dividend yield at 4.34%, compared with 4.03% for IFGL.
IFGL is categorized as REIT, while TLT is Government Bonds. IFGL tracks FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.48% for IFGL and 0.15% for TLT.
IFGL currently has the higher Sharpe Ratio (0.65 vs -0.11), 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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