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 9.46%/yr vs -1.80%/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 -5.51% return, which is significantly lower than TLT's -0.27% return.
IVRS
- 1D
- -2.21%
- 1M
- 1.13%
- YTD
- -5.51%
- 6M
- -8.57%
- 1Y
- -1.11%
- 3Y*
- 9.46%
- 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%
IVRS vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -5.51% | 12.75% | 7.40% | 28.15% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 0.45% |
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 | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 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.
| IVRS | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.09 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 0.65 | -0.69 |
| Martin ratioReturn relative to average drawdown | -0.08 | 1.63 | -1.70 |
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
| IVRS | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.51 | -0.56 |
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 | 0.61 | 0.26 | +0.35 |
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% | -19.18% | -12.25% |
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 | -18.72% | -40.44% | +21.72% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -13.82% | +8.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.55% | 3.04% | +11.51% |
Volatility
IVRS vs. TLT - Volatility Comparison
iShares Future Metaverse Tech And Communications ETF (IVRS) has a higher volatility of 5.53% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. 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 | 5.53% | 2.76% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 18.59% | 6.50% | +12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.85% | 9.77% | +12.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 15.87% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.49% | 14.91% | +5.58% |
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 8.34%, more than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.34% | 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 | 4.59% | 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
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 (5.53%) compared to TLT (2.76%). In terms of maximum drawdown, IVRS dropped -31.43% vs TLT's -48.35%.
On 3-year performance, IVRS leads with 9.46% vs -1.80% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.76%. 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 9.46% return vs -1.80%. 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 8.34%, compared with 4.59% 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 (0.51 vs -0.05), 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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