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 19.52% vs 4.93% for TLT. At a 0.38 correlation, their price movements are largely independent. 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 7.85% return, which is significantly higher than TLT's -0.27% return.
ITDC
- 1D
- -0.50%
- 1M
- 3.02%
- YTD
- 7.85%
- 6M
- 8.24%
- 1Y
- 19.52%
- 3Y*
- —
- 5Y*
- —
- 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%
ITDC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDC Ishares Lifepath Target Date 2035 ETF | 7.85% | 16.10% | 11.41% | 12.40% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 20.64% |
Correlation
The correlation between ITDC and TLT is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 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.
| ITDC | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.09 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.96 | 0.65 | +2.30 |
| Martin ratioReturn relative to average drawdown | 13.15 | 1.63 | +11.52 |
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
| ITDC | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.51 | +1.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.88 | 0.26 | +1.62 |
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% | -7.58% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.18% | — |
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 | -0.50% | -40.44% | +39.94% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -13.82% | +12.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 3.04% | -1.55% |
Volatility
ITDC vs. TLT - Volatility Comparison
Ishares Lifepath Target Date 2035 ETF (ITDC) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 2.82% and 2.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 2.82% | 2.76% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 6.92% | 6.50% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.58% | 9.77% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.05% | 15.87% | -5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.05% | 14.91% | -4.86% |
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 1.88%, less than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITDC Ishares Lifepath Target Date 2035 ETF | 1.88% | 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 | 4.59% | 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
ITDC and TLT have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITDC has higher volatility (2.82%) compared to TLT (2.76%). In terms of maximum drawdown, ITDC dropped -10.39% vs TLT's -48.35%.
On 1-year performance, ITDC leads with 19.52% vs 4.93% for TLT. On fees, ITDC is cheaper at 0.10% per year. Their volatility is very similar. 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 19.52% return vs 4.93%. 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 4.59%, compared with 1.88% 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 (2.28 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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