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 -3.98% vs 9.03% for TLTW. At a correlation of -0.00, they often move in opposite directions.
Performance
LB vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, LB achieves a 30.91% return, which is significantly higher than TLTW's 2.36% return.
LB
- 1D
- 2.58%
- 1M
- -18.57%
- YTD
- 30.91%
- 6M
- 21.10%
- 1Y
- -3.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTW
- 1D
- 0.18%
- 1M
- 2.22%
- YTD
- 2.36%
- 6M
- 2.13%
- 1Y
- 9.03%
- 3Y*
- 0.58%
- 5Y*
- —
- 10Y*
- —
LB vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LB LandBridge Company LLC | 30.91% | -23.67% | 240.48% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 2.36% | 11.36% | -1.65% |
Correlation
The correlation between LB and TLTW is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2024 | -0.00 |
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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 | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.21 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.52 | -1.60 |
| Martin ratioReturn relative to average drawdown | -0.17 | 4.36 | -4.53 |
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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 | — | -17.19% | — |
Current DrawdownCurrent decline from peak | -24.91% | -2.10% | -22.81% |
Average DrawdownAverage peak-to-trough decline | -19.12% | -8.17% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.95% | 2.08% | +21.87% |
Volatility
LB vs. TLTW - Volatility Comparison
LandBridge Company LLC (LB) has a higher volatility of 15.80% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 1.66%. 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 | 15.80% | 1.66% | +14.14% |
Volatility (6M)Calculated over the trailing 6-month period | 39.83% | 5.80% | +34.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.30% | 7.62% | +52.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.09% | 11.33% | +57.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.09% | 11.33% | +57.76% |
Dividends
LB vs. TLTW - Dividend Comparison
LB's dividend yield for the trailing twelve months is around 0.69%, less than TLTW's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
LB LandBridge Company LLC | 0.69% | 0.82% | 0.15% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.62% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
LB and TLTW have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LB has higher volatility (15.80%) compared to TLTW (1.66%). In terms of maximum drawdown, LB dropped -48.25% vs TLTW's -18.61%.
TLTW currently has the higher Sharpe Ratio (1.19 vs -0.07), 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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