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LRGF vs. TLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LRGF vs. TLT

Last updated Jun 3, 2026

LRGF (iShares MSCI USA Multifactor ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - LRGF is a Large Cap Blend Equities fund tracking the MSCI USA Diversified Multi-Factor, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, LRGF returned 14.11%/yr vs -1.62%/yr for TLT. At a correlation of -0.12, they often move in opposite directions. LRGF charges 0.20%/yr vs 0.15%/yr for TLT.

Performance

LRGF vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Multifactor ETF (LRGF) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LRGF achieves a 11.29% return, which is significantly higher than TLT's 0.13% return. Over the past 10 years, LRGF has outperformed TLT with an annualized return of 14.11%, while TLT has yielded a comparatively lower -1.62% annualized return.

LRGF

1D
0.18%
1M
6.67%
YTD
11.29%
6M
11.73%
1Y
26.79%
3Y*
23.10%
5Y*
14.20%
10Y*
14.11%

TLT

1D
0.21%
1M
0.44%
YTD
0.13%
6M
-1.35%
1Y
5.16%
3Y*
-1.67%
5Y*
-5.98%
10Y*
-1.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LRGF vs. TLT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
LRGF
iShares MSCI USA Multifactor ETF		11.29%16.48%26.59%25.85%-14.77%25.01%11.11%26.11%-9.66%21.13%
TLT
iShares 20+ Year Treasury Bond ETF		0.13%4.25%-8.05%2.77%-31.23%-4.60%18.15%14.12%-1.61%9.18%

Correlation

The correlation between LRGF 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

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.07

Correlation (10Y)
Calculated over the trailing 10-year period

-0.09

Correlation (All Time)
Calculated using the full available price history since May 1, 2015

-0.12

The correlation between LRGF and TLT shifts across timeframes, from -0.12 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Multifactor ETF

iShares 20+ Year Treasury Bond ETF

Often compared with LRGF:
LRGF vs. VOOLRGF vs. QUALLRGF vs. INTFLRGF vs. SPYLRGF vs. FNDALRGF vs. JQUALRGF vs. VV
Often compared with TLT:
TLT vs. SPYTLT vs. IEFTLT vs. TMFTLT vs. BNDTLT vs. VGLTTLT vs. TLTWTLT vs. EDV

Return for Risk

LRGF vs. TLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LRGF
LRGF Risk / Return Rank: 6565
Overall Rank
LRGF Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
LRGF Sortino Ratio Rank: 6565
Sortino Ratio Rank
LRGF Omega Ratio Rank: 6565
Omega Ratio Rank
LRGF Calmar Ratio Rank: 6161
Calmar Ratio Rank
LRGF Martin Ratio Rank: 6868
Martin Ratio Rank
TLT
TLT Risk / Return Rank: 1616
Overall Rank
TLT Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
TLT Sortino Ratio Rank: 1717
Sortino Ratio Rank
TLT Omega Ratio Rank: 1616
Omega Ratio Rank
TLT Calmar Ratio Rank: 1515
Calmar Ratio Rank
TLT Martin Ratio Rank: 1515
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LRGF vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Multifactor ETF (LRGF) 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.

LRGFTLTDifference

Sharpe ratio

Return per unit of total volatility

2.24

0.53

+1.71

Sortino ratio

Return per unit of downside risk

3.06

0.83

+2.23

Omega ratio

Gain probability vs. loss probability

1.40

1.09

+0.31

Calmar ratio

Return relative to maximum drawdown

3.08

0.55

+2.53

Martin ratio

Return relative to average drawdown

12.80

1.38

+11.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LRGF vs. TLT - Sharpe Ratio Comparison

The current LRGF Sharpe Ratio is 2.24, which is higher than the TLT Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of LRGF and TLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LRGFTLTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.24

0.53

+1.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

-0.38

+1.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

-0.11

+0.88

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.26

+0.44

Drawdowns

LRGF vs. TLT - Drawdown Comparison

The maximum LRGF drawdown since its inception was -36.03%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for LRGF and TLT.

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Drawdown Indicators

LRGFTLTDifference

Max Drawdown

Largest peak-to-trough decline

-36.03%

-48.35%

+12.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.92%

-7.58%

-1.34%

Max Drawdown (3Y)

Largest decline over 3 years

-19.44%

-19.18%

-0.26%

Max Drawdown (5Y)

Largest decline over 5 years

-21.62%

-43.70%

+22.08%

Max Drawdown (10Y)

Largest decline over 10 years

-36.03%

-48.35%

+12.32%

Current Drawdown

Current decline from peak

0.00%

-40.20%

+40.20%

Average Drawdown

Average peak-to-trough decline

-4.54%

-13.81%

+9.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.14%

3.02%

-0.88%

Volatility

LRGF vs. TLT - Volatility Comparison

iShares MSCI USA Multifactor ETF (LRGF) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 2.79% and 2.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LRGFTLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

2.84%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

9.07%

6.60%

+2.47%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

9.81%

+2.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.02%

15.87%

+1.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.31%

14.91%

+3.40%

LRGF vs. TLT - Expense Ratio Comparison

LRGF has a 0.20% expense ratio, which is higher than TLT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LRGF vs. TLT - Dividend Comparison

LRGF's dividend yield for the trailing twelve months is around 1.05%, less than TLT's 4.57% yield.

PositionTTM20252024202320222021202020192018201720162015
LRGF
iShares MSCI USA Multifactor ETF		1.05%1.16%1.23%1.49%1.78%1.05%1.35%1.76%3.27%1.68%1.56%0.83%
TLT
iShares 20+ Year Treasury Bond ETF		4.57%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

LRGF 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.

TLT has higher volatility (2.84%) compared to LRGF (2.79%). In terms of maximum drawdown, LRGF dropped -36.03% vs TLT's -48.35%.

On 10-year performance, LRGF leads with 14.11% vs -1.62% for TLT. On fees, TLT is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, LRGF has performed better with a 14.11% return vs -1.62%. 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 0.20% for LRGF.

TLT has the higher dividend yield at 4.57%, compared with 1.05% for LRGF.

LRGF is categorized as Large Cap Blend Equities, while TLT is Government Bonds. LRGF tracks MSCI USA Diversified Multi-Factor, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.20% for LRGF and 0.15% for TLT.

LRGF currently has the higher Sharpe Ratio (2.24 vs 0.53), 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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