IGM vs. TLT
IGM (iShares Expanded Tech Sector ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - IGM is a Technology Equities fund tracking the S&P North American Expanded Technology Sector 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, IGM returned 23.41%/yr vs -2.33%/yr for TLT. Their -0.21 correlation means they have often moved in opposite directions in the past. IGM charges 0.39%/yr vs 0.15%/yr for TLT.
Performance
IGM vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGM achieves a 21.55% return, which is significantly higher than TLT's -3.18% return. Over the past 10 years, IGM has outperformed TLT with an annualized return of 23.41%, while TLT has yielded a comparatively lower -2.33% annualized return.
IGM
- 1D
- 2.20%
- 1M
- 0.03%
- 6M
- 20.71%
- YTD
- 21.55%
- 1Y
- 38.56%
- 3Y*
- 33.72%
- 5Y*
- 18.11%
- 10Y*
- 23.41%
- ALL TIME*
- 12.48%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $47.27M | $46.48M | $81.75M | |
| $2.39B | $2.06B | $2.20B |
IGM vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 21.55% | 26.76% | 36.99% | 60.68% | -35.83% | 25.72% | 45.11% | 41.81% | 2.26% | 37.20% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between IGM and TLT is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.21 |
The correlation between IGM and TLT shifts across timeframes, from -0.21 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGM vs. TLT — Risk / Return Rank
IGM
TLT
IGM vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech Sector ETF (IGM) 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.
| IGM | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | -0.28 | +2.63 |
| Martin ratioReturn relative to average drawdown | 6.77 | -0.59 | +7.36 |
Loading charts...
Drawdowns
IGM vs. TLT - Drawdown Comparison
The maximum IGM drawdown since its inception was -65.59%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IGM and TLT.
Loading charts...
Drawdown Indicators
| IGM | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.59% | -48.35% | -17.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -7.74% | -8.70% |
Max Drawdown (3Y)Largest decline over 3 years | -26.39% | -14.79% | -11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -40.68% | -43.70% | +3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -40.68% | -48.35% | +7.67% |
Current DrawdownCurrent decline from peak | -8.21% | -42.17% | +33.96% |
Average DrawdownAverage peak-to-trough decline | -15.18% | -14.00% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 3.60% | +2.11% |
Volatility
IGM vs. TLT - Volatility Comparison
iShares Expanded Tech Sector ETF (IGM) has a higher volatility of 8.47% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that IGM'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.
Loading charts...
Volatility by Period
| IGM | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.47% | 2.51% | +5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 20.36% | 6.84% | +13.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 9.24% | +15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.36% | 15.74% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.85% | 14.83% | +10.02% |
IGM vs. TLT - Expense Ratio Comparison
IGM has a 0.39% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
IGM vs. TLT - Dividend Comparison
IGM's dividend yield for the trailing twelve months is around 0.14%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGM iShares Expanded Tech Sector ETF | 0.14% | 0.17% | 0.22% | 0.33% | 0.66% | 0.16% | 0.32% | 0.50% | 0.57% | 0.57% | 0.90% | 0.79% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 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
IGM 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.
IGM has higher volatility (8.47%) compared to TLT (2.51%). In terms of maximum drawdown, IGM dropped -65.59% vs TLT's -48.35%.
On 10-year performance, IGM leads with 23.41% vs -2.33% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGM has performed better with a 23.41% return vs -2.33%. 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 IGM.
TLT has the higher dividend yield at 4.75%, compared with 0.14% for IGM.
IGM is categorized as Technology Equities, while TLT is Government Bonds. IGM tracks S&P North American Expanded Technology Sector Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.39% for IGM and 0.15% for TLT.
IGM currently has the higher Sharpe Ratio (1.59 vs -0.23), 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.
Find the right allocation for IGM and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer