ITDC vs. TLT
ITDC (Ishares Lifepath Target Date 2035 ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - ITDC is a Target Retirement Date fund actively managed by iShares, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. ITDC is actively managed, while TLT is passively managed. Over the past year, ITDC returned 16.23% vs -2.12% for TLT. Their 0.38 correlation means their historical movements had little consistent relationship. ITDC charges 0.10%/yr vs 0.15%/yr for TLT.
Performance
ITDC vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, ITDC achieves a 8.02% return, which is significantly higher than TLT's -3.18% return.
ITDC
- 1D
- 0.70%
- 1M
- 0.30%
- 6M
- 5.48%
- YTD
- 8.02%
- 1Y
- 16.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.56%
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) |
|---|---|---|---|
| $538.48K | $583.89K | $735.82K | |
| $2.39B | $2.06B | $2.20B |
ITDC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDC Ishares Lifepath Target Date 2035 ETF | 8.02% | 16.10% | 11.41% | 12.40% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 18.17% |
Correlation
The correlation between ITDC and TLT is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | 0.38 |
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Return for Risk
ITDC vs. TLT — Risk / Return Rank
ITDC
TLT
ITDC vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2035 ETF (ITDC) 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.
| ITDC | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.97 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | -0.28 | +2.73 |
| Martin ratioReturn relative to average drawdown | 10.46 | -0.59 | +11.06 |
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Drawdowns
ITDC vs. TLT - Drawdown Comparison
The maximum ITDC drawdown since its inception was -10.39%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ITDC and TLT.
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Drawdown Indicators
| ITDC | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.39% | -48.35% | +37.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -7.74% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -0.37% | -42.17% | +41.80% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -14.00% | +12.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 3.60% | -2.05% |
Volatility
ITDC vs. TLT - Volatility Comparison
Ishares Lifepath Target Date 2035 ETF (ITDC) has a higher volatility of 2.69% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that ITDC'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
| ITDC | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.51% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 6.84% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.24% | 9.24% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 15.74% | -5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.08% | 14.83% | -4.75% |
ITDC vs. TLT - Expense Ratio Comparison
ITDC has a 0.10% 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%.
Dividends
ITDC vs. TLT - Dividend Comparison
ITDC's dividend yield for the trailing twelve months is around 1.87%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDC Ishares Lifepath Target Date 2035 ETF | 1.87% | 2.02% | 1.93% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ITDC and TLT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITDC has higher volatility (2.69%) compared to TLT (2.51%). In terms of maximum drawdown, ITDC dropped -10.39% vs TLT's -48.35%.
On 1-year performance, ITDC leads with 16.23% vs -2.12% for TLT. On fees, ITDC is cheaper at 0.10% 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 1-year period, ITDC has performed better with a 16.23% return vs -2.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDC is cheaper with a 0.10% expense ratio, compared with 0.15% for TLT.
TLT has the higher dividend yield at 4.75%, compared with 1.87% for ITDC.
ITDC is categorized as Target Retirement Date, while TLT is Government Bonds. Their fees differ too: 0.10% for ITDC and 0.15% for TLT.
ITDC currently has the higher Sharpe Ratio (1.77 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.
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