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 6.53%/yr vs -2.02%/yr for TLT. At a 0.16 correlation, their price movements are largely independent. 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 -6.53% return, which is significantly lower than TLT's -1.35% return.
IVRS
- 1D
- 0.40%
- 1M
- 2.26%
- 6M
- -11.70%
- YTD
- -6.53%
- 1Y
- -8.77%
- 3Y*
- 6.53%
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- 0.13%
- 1M
- -1.61%
- 6M
- -2.09%
- YTD
- -1.35%
- 1Y
- 2.69%
- 3Y*
- -2.02%
- 5Y*
- -7.65%
- 10Y*
- -2.15%
IVRS vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -6.53% | 12.75% | 7.40% | 28.15% |
TLT iShares 20+ Year Treasury Bond ETF | -1.35% | 4.25% | -8.05% | -0.97% |
Correlation
The correlation between IVRS and TLT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
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 | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.05 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 0.36 | -0.64 |
| Martin ratioReturn relative to average drawdown | -0.55 | 0.82 | -1.37 |
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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% | -7.58% | -23.85% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -18.88% | -12.55% |
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 | -19.59% | -41.08% | +21.49% |
Average DrawdownAverage peak-to-trough decline | -6.27% | -13.93% | +7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.05% | 3.27% | +12.78% |
Volatility
IVRS vs. TLT - Volatility Comparison
iShares Future Metaverse Tech And Communications ETF (IVRS) has a higher volatility of 6.49% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.58%. 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 | 6.49% | 2.58% | +3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 19.98% | 6.80% | +13.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 9.38% | +13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.72% | 15.79% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 14.84% | +5.88% |
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 8.57%, more than TLT's 4.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.57% | 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 | 4.64% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVRS has higher volatility (6.49%) compared to TLT (2.58%). In terms of maximum drawdown, IVRS dropped -31.43% vs TLT's -48.35%.
On 3-year performance, IVRS leads with 6.53% vs -2.02% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.58%. 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 6.53% return vs -2.02%. 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 8.57%, compared with 4.64% 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 (0.29 vs -0.38), 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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