LDRH vs. TLT
LDRH (iShares iBonds 1-5 Year High Yield and Income Ladder ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - LDRH is a High Yield Bonds fund tracking the BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past year, LDRH returned 5.42% vs -2.12% for TLT. Their 0.41 correlation means their historical movements had little consistent relationship. LDRH charges 0.35%/yr vs 0.15%/yr for TLT.
Performance
LDRH vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, LDRH achieves a 2.26% return, which is significantly higher than TLT's -3.18% return.
LDRH
- 1D
- 0.17%
- 1M
- 0.04%
- 6M
- 1.81%
- YTD
- 2.26%
- 1Y
- 5.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.56%
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) |
|---|---|---|---|
| $107.73K | $143.61K | $311.26K | |
| $2.39B | $2.06B | $2.20B |
LDRH vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 2.26% | 7.18% | 0.21% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -3.67% |
Correlation
The correlation between LDRH and TLT is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.41 |
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Return for Risk
LDRH vs. TLT — Risk / Return Rank
LDRH
TLT
LDRH vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) 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.
| LDRH | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.32 | ||
| Sortino ratioReturn per unit of downside risk | +3.59 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.97 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | -0.28 | +4.70 |
| Martin ratioReturn relative to average drawdown | 17.63 | -0.59 | +18.22 |
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Drawdowns
LDRH vs. TLT - Drawdown Comparison
The maximum LDRH drawdown since its inception was -3.17%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for LDRH and TLT.
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Drawdown Indicators
| LDRH | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.17% | -48.35% | +45.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.23% | -7.74% | +6.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.79% | — |
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 | -0.08% | -42.17% | +42.09% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -14.00% | +13.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.31% | 3.60% | -3.29% |
Volatility
LDRH vs. TLT - Volatility Comparison
The current volatility for iShares iBonds 1-5 Year High Yield and Income Ladder ETF (LDRH) is 0.53%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.51%. This indicates that LDRH experiences smaller price fluctuations and is considered to be less risky 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
| LDRH | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.51% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 6.84% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 9.24% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.39% | 15.74% | -12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.39% | 14.83% | -11.44% |
LDRH vs. TLT - Expense Ratio Comparison
LDRH has a 0.35% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
LDRH vs. TLT - Dividend Comparison
LDRH's dividend yield for the trailing twelve months is around 6.95%, more than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDRH iShares iBonds 1-5 Year High Yield and Income Ladder ETF | 6.95% | 6.41% | 1.13% | 0.00% | 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
LDRH and TLT have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.51%) compared to LDRH (0.53%). In terms of maximum drawdown, LDRH dropped -3.17% vs TLT's -48.35%.
On 1-year performance, LDRH leads with 5.42% vs -2.12% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, LDRH has been the lower-risk option at 0.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, LDRH has performed better with a 5.42% return vs -2.12%. 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 0.35% for LDRH.
LDRH has the higher dividend yield at 6.95%, compared with 4.75% for TLT.
LDRH is categorized as High Yield Bonds, while TLT is Government Bonds. LDRH tracks BlackRock iBonds 1-5 Year High Yield and Income Ladder Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.35% for LDRH and 0.15% for TLT.
LDRH currently has the higher Sharpe Ratio (2.09 vs -0.23), 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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