MT vs. TLT
MT (ArcelorMittal) is a stock, while TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, MT returned 17.76%/yr vs -1.74%/yr for TLT. At a correlation of -0.22, they often move in opposite directions.
Performance
MT vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, MT achieves a 39.57% return, which is significantly higher than TLT's 0.77% return. Over the past 10 years, MT has outperformed TLT with an annualized return of 17.76%, while TLT has yielded a comparatively lower -1.74% annualized return.
MT
- 1D
- -0.71%
- 1M
- -4.21%
- YTD
- 39.57%
- 6M
- 40.59%
- 1Y
- 109.60%
- 3Y*
- 35.50%
- 5Y*
- 17.19%
- 10Y*
- 17.76%
TLT
- 1D
- 0.13%
- 1M
- 2.20%
- YTD
- 0.77%
- 6M
- 0.38%
- 1Y
- 3.87%
- 3Y*
- -1.89%
- 5Y*
- -6.59%
- 10Y*
- -1.74%
MT vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 39.57% | 100.13% | -16.92% | 10.28% | -16.44% | 40.29% | 30.56% | -14.14% | -35.85% | 47.53% |
TLT iShares 20+ Year Treasury Bond ETF | 0.77% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between MT and TLT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.22 |
The correlation between MT and TLT shifts across timeframes, from -0.22 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MT vs. TLT — Risk / Return Rank
MT
TLT
MT vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ArcelorMittal (MT) 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.
| MT | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.07 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.82 | 0.51 | +3.31 |
| Martin ratioReturn relative to average drawdown | 13.13 | 1.22 | +11.91 |
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Drawdowns
MT vs. TLT - Drawdown Comparison
The maximum MT drawdown since its inception was -97.34%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for MT and TLT.
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Drawdown Indicators
| MT | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.34% | -48.35% | -48.99% |
Max Drawdown (1Y)Largest decline over 1 year | -28.84% | -7.58% | -21.26% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -19.18% | -11.65% |
Max Drawdown (5Y)Largest decline over 5 years | -45.99% | -43.70% | -2.29% |
Max Drawdown (10Y)Largest decline over 10 years | -81.10% | -48.35% | -32.75% |
Current DrawdownCurrent decline from peak | -63.09% | -39.82% | -23.27% |
Average DrawdownAverage peak-to-trough decline | -69.39% | -13.87% | -55.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 3.18% | +5.20% |
Volatility
MT vs. TLT - Volatility Comparison
ArcelorMittal (MT) has a higher volatility of 14.34% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.20%. This indicates that MT'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
| MT | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 2.20% | +12.14% |
Volatility (6M)Calculated over the trailing 6-month period | 36.14% | 6.62% | +29.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.42% | 9.48% | +32.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.90% | 15.82% | +24.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.62% | 14.88% | +29.74% |
Dividends
MT vs. TLT - Dividend Comparison
MT's dividend yield for the trailing twelve months is around 0.91%, less than TLT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 0.91% | 1.21% | 2.16% | 1.55% | 1.45% | 0.94% | 0.00% | 1.14% | 0.48% | 0.00% | 0.00% | 4.03% |
TLT iShares 20+ Year Treasury Bond ETF | 4.54% | 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
MT and TLT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MT has higher volatility (14.34%) compared to TLT (2.20%). In terms of maximum drawdown, MT dropped -97.34% vs TLT's -48.35%.
MT currently has the higher Sharpe Ratio (2.60 vs 0.41), 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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