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IJS vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IJS vs. TLT

Last updated Apr 5, 2026

Compare and contrast key facts about iShares S&P SmallCap 600 Value ETF (IJS) and iShares 20+ Year Treasury Bond ETF (TLT).

IJS and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IJS is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600/Citigroup Value Index. It was launched on Jul 24, 2000. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002. Both IJS and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IJS vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares S&P SmallCap 600 Value ETF (IJS) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IJS achieves a 4.77% return, which is significantly higher than TLT's 0.69% return. Over the past 10 years, IJS has outperformed TLT with an annualized return of 9.52%, while TLT has yielded a comparatively lower -1.34% annualized return.

IJS

1D
0.22%
1M
-1.77%
YTD
4.77%
6M
6.54%
1Y
37.59%
3Y*
10.12%
5Y*
4.81%
10Y*
9.52%

TLT

1D
0.61%
1M
-1.86%
YTD
0.69%
6M
-0.72%
1Y
-2.29%
3Y*
-2.76%
5Y*
-5.75%
10Y*
-1.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IJS vs. TLT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IJS
iShares S&P SmallCap 600 Value ETF		4.77%6.54%7.33%14.68%-11.34%30.53%2.63%24.11%-12.86%11.35%
TLT
iShares 20+ Year Treasury Bond ETF		0.69%4.25%-8.05%2.77%-31.23%-4.60%18.15%14.12%-1.61%9.18%

Correlation

The correlation between IJS and TLT is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management — when one declines, the other has historically tended to hold steady or rise, cushioning overall portfolio drawdowns.

IJS vs. TLT - Expense Ratio Comparison

IJS has a 0.25% 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%.

IJS
iShares S&P SmallCap 600 Value ETF
TLT
iShares 20+ Year Treasury Bond ETF

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares S&P SmallCap 600 Value ETF

iShares 20+ Year Treasury Bond ETF

Often compared with IJS:
IJS vs. IJRIJS vs. AVUVIJS vs. VBRIJS vs. VIOVIJS vs. IWNIJS vs. VOOIJS vs. IWM
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. VGLTTLT vs. TLTWTLT vs. BNDTLT vs. EDV

Return for Risk

IJS vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IJS
IJS Risk / Return Rank: 4747
Overall Rank
IJS Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
IJS Sortino Ratio Rank: 5050
Sortino Ratio Rank
IJS Omega Ratio Rank: 4545
Omega Ratio Rank
IJS Calmar Ratio Rank: 4545
Calmar Ratio Rank
IJS Martin Ratio Rank: 4545
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 99
Overall Rank
TLT Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 99
Sortino Ratio Rank
TLT Omega Ratio Rank: 99
Omega Ratio Rank
TLT Calmar Ratio Rank: 99
Calmar Ratio Rank
TLT Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IJS vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 Value ETF (IJS) 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.

IJSTLTDifference

Sharpe ratio

Return per unit of total volatility

0.93

-0.07

+1.00

Sortino ratio

Return per unit of downside risk

1.43

-0.01

+1.44

Omega ratio

Gain probability vs. loss probability

1.19

1.00

+0.19

Calmar ratio

Return relative to maximum drawdown

1.51

-0.09

+1.60

Martin ratio

Return relative to average drawdown

5.68

-0.19

+5.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IJS vs. TLT - Sharpe Ratio Comparison

The current IJS Sharpe Ratio is 0.93, which is higher than the TLT Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of IJS and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IJSTLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.93

-0.07

+1.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.22

-0.36

+0.58

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

-0.09

+0.49

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

0.26

+0.13

Drawdowns

IJS vs. TLT - Drawdown Comparison

The maximum IJS drawdown since its inception was -60.11%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IJS and TLT.

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Drawdown Indicators

IJSTLTDifference

Max Drawdown

Largest peak-to-trough decline

-60.11%

-48.35%

-11.76%

Max Drawdown (1Y)

Largest decline over 1 year

-9.28%

-9.23%

-0.05%

Max Drawdown (5Y)

Largest decline over 5 years

-28.65%

-43.70%

+15.05%

Max Drawdown (10Y)

Largest decline over 10 years

-47.68%

-48.35%

+0.67%

Current Drawdown

Current decline from peak

-5.84%

-39.86%

+34.02%

Average Drawdown

Average peak-to-trough decline

-9.95%

-13.63%

+3.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.17%

4.40%

-0.23%

Volatility

IJS vs. TLT - Volatility Comparison

iShares S&P SmallCap 600 Value ETF (IJS) has a higher volatility of 5.31% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.79%. This indicates that IJS'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

IJSTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.31%

3.79%

+1.52%

Volatility (6M)

Calculated over the trailing 6-month period

13.50%

6.63%

+6.87%

Volatility (1Y)

Calculated over the trailing 1-year period

23.75%

11.38%

+12.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.13%

15.88%

+6.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.60%

14.93%

+8.67%

Dividends

IJS vs. TLT - Dividend Comparison

IJS's dividend yield for the trailing twelve months is around 1.42%, less than TLT's 4.51% yield.

TTM20252024202320222021202020192018201720162015
IJS
iShares S&P SmallCap 600 Value ETF		1.42%1.62%1.78%1.42%1.46%1.52%1.00%1.66%1.75%1.41%1.22%1.59%
TLT
iShares 20+ Year Treasury Bond ETF		4.51%4.43%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%