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IMVT vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IMVT vs. TLT

Last updated Jun 4, 2026

IMVT (Immunovant, Inc.) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 5 years, IMVT returned 25.69%/yr vs -6.31%/yr for TLT. At a 0.04 correlation, their price movements are largely independent.

Performance

IMVT vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Immunovant, Inc. (IMVT) 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, IMVT achieves a 22.54% return, which is significantly higher than TLT's -0.27% return.

IMVT

1D
0.74%
1M
11.85%
YTD
22.54%
6M
37.16%
1Y
101.75%
3Y*
14.67%
5Y*
25.69%
10Y*
—

TLT

1D
-0.40%
1M
0.81%
YTD
-0.27%
6M
-2.02%
1Y
4.93%
3Y*
-1.80%
5Y*
-6.31%
10Y*
-1.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IMVT vs. TLT - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IMVT
Immunovant, Inc.		22.54%2.62%-41.21%137.35%108.33%-81.55%191.05%-0.69%
TLT
iShares 20+ Year Treasury Bond ETF		-0.27%4.25%-8.05%2.77%-31.23%-4.60%18.15%-0.73%

Correlation

The correlation between IMVT and TLT is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.07

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (All Time)
Calculated using the full available price history since Dec 20, 2019

0.04

Compare stocks, funds, or ETFs

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

Immunovant, Inc.

iShares 20+ Year Treasury Bond ETF

Often compared with IMVT:
IMVT vs. MDGLIMVT vs. IRWDIMVT vs. NARIIMVT vs. VOOIMVT vs. SMHIMVT vs. XMMOIMVT vs. NDAQ
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV

Return for Risk

IMVT vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IMVT
IMVT Risk / Return Rank: 8686
Overall Rank
IMVT Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
IMVT Sortino Ratio Rank: 8787
Sortino Ratio Rank
IMVT Omega Ratio Rank: 8181
Omega Ratio Rank
IMVT Calmar Ratio Rank: 9191
Calmar Ratio Rank
IMVT Martin Ratio Rank: 8989
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 1616
Overall Rank
TLT Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1515
Sortino Ratio Rank
TLT Omega Ratio Rank: 1515
Omega Ratio Rank
TLT Calmar Ratio Rank: 1717
Calmar Ratio Rank
TLT Martin Ratio Rank: 1616
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.

IMVT vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Immunovant, Inc. (IMVT) 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.

IMVTTLTDifference
Sharpe ratioReturn per unit of total volatility
1.64
0.51

+1.14

Sortino ratioReturn per unit of downside risk
2.92
0.80

+2.13

Omega ratioGain probability vs. loss probability

1.32

1.09

+0.23

Calmar ratioReturn relative to maximum drawdown

4.88

0.65

+4.22

Martin ratioReturn relative to average drawdown

11.26

1.63

+9.64

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

IMVT vs. TLT - Sharpe Ratio Comparison

The current IMVT Sharpe Ratio is 1.64, which is higher than the TLT Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of IMVT 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

IMVTTLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.64

0.51

+1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

-0.40

+0.75

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.11

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.14

0.26

-0.12

Drawdowns

IMVT vs. TLT - Drawdown Comparison

The maximum IMVT drawdown since its inception was -93.59%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IMVT and TLT.

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Drawdown Indicators

IMVTTLTDifference

Max Drawdown

Largest peak-to-trough decline

-93.59%

-48.35%

-45.24%

Max Drawdown (1Y)

Largest decline over 1 year

-20.98%

-7.58%

-13.40%

Max Drawdown (3Y)

Largest decline over 3 years

-69.88%

-19.18%

-50.70%

Max Drawdown (5Y)

Largest decline over 5 years

-70.38%

-43.70%

-26.68%

Max Drawdown (10Y)

Largest decline over 10 years

—

-48.35%

—

Current Drawdown

Current decline from peak

-40.90%

-40.44%

-0.46%

Average Drawdown

Average peak-to-trough decline

-54.01%

-13.82%

-40.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.07%

3.04%

+6.03%

Volatility

IMVT vs. TLT - Volatility Comparison

Immunovant, Inc. (IMVT) has a higher volatility of 33.78% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that IMVT'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

IMVTTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

33.78%

2.76%

+31.02%

Volatility (6M)

Calculated over the trailing 6-month period

44.71%

6.50%

+38.21%

Volatility (1Y)

Calculated over the trailing 1-year period

62.24%

9.77%

+52.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

74.80%

15.87%

+58.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

78.28%

14.91%

+63.37%

Dividends

IMVT vs. TLT - Dividend Comparison

IMVT has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.59%.

PositionTTM20252024202320222021202020192018201720162015
IMVT
Immunovant, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TLT
iShares 20+ Year Treasury Bond ETF		4.59%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

IMVT and TLT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMVT has higher volatility (33.78%) compared to TLT (2.76%). In terms of maximum drawdown, IMVT dropped -93.59% vs TLT's -48.35%.

IMVT currently has the higher Sharpe Ratio (1.64 vs 0.51), 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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