IVRS vs. TLT
IVRS (iShares Future Metaverse Tech And Communications ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 3 years, IVRS returned 7.73%/yr vs -1.15%/yr for TLT. Their 0.16 correlation means their historical movements had little consistent relationship. IVRS charges 0.47%/yr vs 0.15%/yr for TLT.
Performance
IVRS vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -7.07% return, which is significantly lower than TLT's -3.18% return.
IVRS
- 1D
- 2.16%
- 1M
- 0.63%
- 6M
- -1.65%
- YTD
- -7.07%
- 1Y
- -11.56%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
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) |
|---|---|---|---|
| $45.64K | $34.99K | $21.63K | |
| $2.39B | $2.06B | $2.20B |
IVRS vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -7.07% | 12.75% | 7.40% | 28.15% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | -0.97% |
Correlation
The correlation between IVRS and TLT is 0.24, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.24 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | 0.16 |
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Return for Risk
IVRS vs. TLT — Risk / Return Rank
IVRS
TLT
IVRS vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.
| IVRS | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.97 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.28 | -0.09 |
| Martin ratioReturn relative to average drawdown | -0.69 | -0.59 | -0.10 |
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Drawdowns
IVRS vs. TLT - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for IVRS and TLT.
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Drawdown Indicators
| IVRS | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -48.35% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -7.74% | -23.69% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -14.79% | -16.64% |
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 | -20.06% | -42.17% | +22.11% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -14.00% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 3.60% | +13.19% |
Volatility
IVRS vs. TLT - Volatility Comparison
iShares Future Metaverse Tech And Communications ETF (IVRS) has a higher volatility of 7.97% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that IVRS'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
| IVRS | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 2.51% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 6.84% | +13.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 9.24% | +14.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 15.74% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 14.83% | +6.05% |
IVRS vs. TLT - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
IVRS vs. TLT - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.62%, more than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.62% | 7.88% | 6.65% | 0.48% | 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
IVRS and TLT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVRS has higher volatility (7.97%) compared to TLT (2.51%). In terms of maximum drawdown, IVRS dropped -31.43% vs TLT's -48.35%.
On 3-year performance, IVRS leads with 7.73% vs -1.15% for TLT. On fees, TLT is cheaper at 0.15% 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 3-year period, IVRS has performed better with a 7.73% return vs -1.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.47% for IVRS.
IVRS has the higher dividend yield at 8.62%, compared with 4.75% for TLT.
IVRS is categorized as Technology Equities, while TLT is Government Bonds. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.47% for IVRS and 0.15% for TLT.
TLT currently has the higher Sharpe Ratio (-0.23 vs -0.49), 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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