IGF vs. TLT
IGF (iShares Global Infrastructure ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - IGF is a Infrastructure Equities fund tracking the S&P Global Infrastructure Index (Net), 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, IGF returned 8.14%/yr vs -2.38%/yr for TLT. Their -0.14 correlation means they have often moved in opposite directions in the past. IGF charges 0.39%/yr vs 0.15%/yr for TLT.
Performance
IGF vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, IGF achieves a 10.41% return, which is significantly higher than TLT's -3.49% return. Over the past 10 years, IGF has outperformed TLT with an annualized return of 8.14%, while TLT has yielded a comparatively lower -2.38% annualized return.
IGF
- 1D
- -0.28%
- 1M
- -0.09%
- 6M
- 5.19%
- YTD
- 10.41%
- 1Y
- 16.30%
- 3Y*
- 16.16%
- 5Y*
- 11.05%
- 10Y*
- 8.14%
- ALL TIME*
- 4.91%
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) |
|---|---|---|---|
| $38.15M | $37.64M | $47.97M | |
| $2.33B | $2.02B | $2.19B |
IGF vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 10.41% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
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 IGF and TLT is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007 | -0.14 |
The correlation between IGF and TLT shifts across timeframes, from -0.14 (all time) to 0.33 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGF vs. TLT — Risk / Return Rank
IGF
TLT
IGF vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.
| IGF | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.99 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | -0.14 | +2.97 |
| Martin ratioReturn relative to average drawdown | 7.59 | -0.30 | +7.88 |
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Drawdowns
IGF vs. TLT - Drawdown Comparison
The maximum IGF drawdown since its inception was -58.33%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IGF and TLT.
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Drawdown Indicators
| IGF | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.33% | -48.35% | -9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -7.74% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.31% | -14.79% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -20.83% | -43.70% | +22.87% |
Max Drawdown (10Y)Largest decline over 10 years | -42.11% | -48.35% | +6.24% |
Current DrawdownCurrent decline from peak | -2.34% | -42.36% | +40.02% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -13.99% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 3.57% | -1.38% |
Volatility
IGF vs. TLT - Volatility Comparison
iShares Global Infrastructure ETF (IGF) has a higher volatility of 2.75% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. This indicates that IGF'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
| IGF | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.46% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 6.85% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 9.32% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 15.74% | -1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 14.83% | +1.88% |
IGF vs. TLT - Expense Ratio Comparison
IGF has a 0.39% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
IGF vs. TLT - Dividend Comparison
IGF's dividend yield for the trailing twelve months is around 2.89%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 2.89% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
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
IGF and TLT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGF has higher volatility (2.75%) compared to TLT (2.46%). In terms of maximum drawdown, IGF dropped -58.33% vs TLT's -48.35%.
On 10-year performance, IGF leads with 8.14% 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, IGF has performed better with a 8.14% 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 0.39% for IGF.
TLT has the higher dividend yield at 4.34%, compared with 2.89% for IGF.
IGF is categorized as Infrastructure Equities, while TLT is Government Bonds. IGF tracks S&P Global Infrastructure Index (Net), while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.39% for IGF and 0.15% for TLT.
IGF currently has the higher Sharpe Ratio (1.55 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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