LB vs. TLTW
LB (LandBridge Company LLC) is a stock, while TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) is Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). Over the past year, LB returned 36.43% vs 3.52% for TLTW. Their -0.02 correlation means they have often moved in opposite directions in the past.
Performance
LB vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, LB achieves a 53.71% return, which is significantly higher than TLTW's -1.13% return.
LB
- 1D
- -3.17%
- 1M
- 1.78%
- 6M
- 38.67%
- YTD
- 53.71%
- 1Y
- 36.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 93.55%
TLTW
- 1D
- 0.38%
- 1M
- -3.24%
- 6M
- -1.22%
- YTD
- -1.13%
- 1Y
- 3.52%
- 3Y*
- 1.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.31M | $19.04M | $25.06M | |
| $25.95M | $26.72M | $32.40M |
LB vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LB LandBridge Company LLC | 53.71% | -23.67% | 240.48% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -1.13% | 11.36% | -1.65% |
Correlation
The correlation between LB and TLTW is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | -0.02 |
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Return for Risk
LB vs. TLTW — Risk / Return Rank
LB
TLTW
LB vs. TLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LandBridge Company LLC (LB) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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.
| LB | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.08 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 0.59 | +0.17 |
| Martin ratioReturn relative to average drawdown | 1.69 | 1.47 | +0.21 |
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Drawdowns
LB vs. TLTW - Drawdown Comparison
The maximum LB drawdown since its inception was -48.25%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for LB and TLTW.
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Drawdown Indicators
| LB | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.25% | -18.61% | -29.64% |
Max Drawdown (1Y)Largest decline over 1 year | -48.25% | -5.97% | -42.28% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.93% | — |
Current DrawdownCurrent decline from peak | -11.84% | -5.44% | -6.40% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -8.03% | -10.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.66% | 2.40% | +19.26% |
Volatility
LB vs. TLTW - Volatility Comparison
LandBridge Company LLC (LB) has a higher volatility of 8.00% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 2.27%. This indicates that LB's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LB | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 2.27% | +5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 40.79% | 5.92% | +34.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.27% | 7.71% | +54.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.74% | 11.26% | +57.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.74% | 11.26% | +57.48% |
Dividends
LB vs. TLTW - Dividend Comparison
LB's dividend yield for the trailing twelve months is around 0.59%, less than TLTW's 11.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LB LandBridge Company LLC | 0.59% | 0.82% | 0.15% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.27% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
LB and TLTW have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LB has higher volatility (8.00%) compared to TLTW (2.27%). In terms of maximum drawdown, LB dropped -48.25% vs TLTW's -18.61%.
LB currently has the higher Sharpe Ratio (0.59 vs 0.46), 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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