IS04.DE vs. DTLE.L
IS04.DE (iShares USD Treasury Bond 20+yr UCITS ETF (Dist)) and DTLE.L (iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist) are both exchange-traded funds - IS04.DE is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while DTLE.L is a Long-Term Bond fund managed by iShares. Over the past 5 years, IS04.DE returned -5.21%/yr vs -8.07%/yr for DTLE.L. Their correlation of 0.85 suggests significant overlap in exposure. IS04.DE charges 0.07%/yr vs 0.10%/yr for DTLE.L.
Performance
IS04.DE vs. DTLE.L - Performance Comparison
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Returns By Period
In the year-to-date period, IS04.DE achieves a 0.81% return, which is significantly higher than DTLE.L's -1.71% return.
IS04.DE
- 1D
- 0.41%
- 1M
- 1.45%
- YTD
- 0.81%
- 6M
- -0.81%
- 1Y
- 2.13%
- 3Y*
- -4.20%
- 5Y*
- -5.21%
- 10Y*
- -1.74%
DTLE.L
- 1D
- 0.51%
- 1M
- 0.69%
- YTD
- -1.71%
- 6M
- -1.87%
- 1Y
- 1.77%
- 3Y*
- -3.63%
- 5Y*
- -8.07%
- 10Y*
- —
IS04.DE vs. DTLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 0.81% | -6.95% | -2.51% | -1.21% | -26.01% | 3.49% | 6.49% | 18.18% | 2.70% | -0.86% |
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | -1.71% | 2.25% | -9.05% | -0.58% | -32.40% | -5.28% | 15.20% | 12.29% | -4.46% | -0.11% |
Correlation
The correlation between IS04.DE and DTLE.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.85 |
The correlation between IS04.DE and DTLE.L shifts across timeframes, from 0.75 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS04.DE vs. DTLE.L — Risk / Return Rank
IS04.DE
DTLE.L
IS04.DE vs. DTLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) and iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L). 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.
| IS04.DE | DTLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.04 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 0.21 | +0.08 |
| Martin ratioReturn relative to average drawdown | 0.62 | 0.52 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IS04.DE | DTLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.18 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | -0.54 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.24 | +0.15 |
Drawdowns
IS04.DE vs. DTLE.L - Drawdown Comparison
The maximum IS04.DE drawdown since its inception was -47.19%, smaller than the maximum DTLE.L drawdown of -52.29%. Use the drawdown chart below to compare losses from any high point for IS04.DE and DTLE.L.
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Drawdown Indicators
| IS04.DE | DTLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -52.29% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.33% | -8.47% | +1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.47% | -19.18% | +0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -40.05% | -45.70% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -47.19% | — | — |
Current DrawdownCurrent decline from peak | -43.69% | -47.88% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -21.89% | -25.92% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 3.37% | +0.08% |
Volatility
IS04.DE vs. DTLE.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 20+yr UCITS ETF (Dist) (IS04.DE) is 2.47%, while iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) has a volatility of 3.46%. This indicates that IS04.DE experiences smaller price fluctuations and is considered to be less risky than DTLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS04.DE | DTLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 3.46% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 6.73% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 9.91% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 14.94% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.69% | 15.50% | -0.81% |
IS04.DE vs. DTLE.L - Expense Ratio Comparison
IS04.DE has a 0.07% expense ratio, which is lower than DTLE.L's 0.10% 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%.
Dividends
IS04.DE vs. DTLE.L - Dividend Comparison
IS04.DE's dividend yield for the trailing twelve months is around 4.35%, more than DTLE.L's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 4.25% | 4.18% | 4.75% | 3.75% | 3.05% | 1.76% | 1.69% | 2.50% | 2.88% | 0.51% | 0.00% | 0.00% |
IS04.DE iShares USD Treasury Bond 20+yr UCITS ETF (Dist) | 4.35% | 4.38% | 4.62% | 3.82% | 3.04% | 1.71% | 1.86% | 2.49% | 2.79% | 2.72% | 2.56% | 2.14% |
Frequently Asked Questions
IS04.DE and DTLE.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS04.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS04.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for DTLE.L.
IS04.DE is categorized as Government Bonds, while DTLE.L is Long-Term Bond. Their fees differ too: 0.07% for IS04.DE and 0.10% for DTLE.L.
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