IMTB vs. TLT
Compare and contrast key facts about iShares Core 5-10 Year USD Bond ETF (IMTB) and iShares 20+ Year Treasury Bond ETF (TLT).
IMTB and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMTB is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays US Universal 5-10 Years Index. It was launched on Nov 1, 2016. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both IMTB 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IMTB or TLT.
Key characteristics
| IMTB | TLT | |
|---|---|---|
| YTD Return | -1.40% | -6.89% |
| 1Y Return | 1.20% | -8.60% |
| 3Y Return (Ann) | -2.94% | -10.46% |
| 5Y Return (Ann) | -0.03% | -4.11% |
| Sharpe Ratio | 0.13 | -0.58 |
| Daily Std Dev | 7.36% | 16.60% |
| Max Drawdown | -18.15% | -48.35% |
| Current Drawdown | -10.02% | -41.98% |
Correlation
The correlation between IMTB and TLT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IMTB vs. TLT - Performance Comparison
In the year-to-date period, IMTB achieves a -1.40% return, which is significantly higher than TLT's -6.89% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IMTB vs. TLT - Expense Ratio Comparison
IMTB has a 0.06% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
IMTB vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core 5-10 Year USD Bond ETF (IMTB) 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.
Dividends
IMTB vs. TLT - Dividend Comparison
IMTB's dividend yield for the trailing twelve months is around 4.36%, more than TLT's 3.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTB iShares Core 5-10 Year USD Bond ETF | 4.36% | 4.13% | 2.90% | 2.49% | 2.63% | 2.91% | 3.04% | 2.75% | 0.40% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.86% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
IMTB vs. TLT - Drawdown Comparison
The maximum IMTB drawdown since its inception was -18.15%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IMTB and TLT. For additional features, visit the drawdowns tool.
Volatility
IMTB vs. TLT - Volatility Comparison
The current volatility for iShares Core 5-10 Year USD Bond ETF (IMTB) is 1.75%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.91%. This indicates that IMTB experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.