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 15.68%/yr vs -2.17%/yr for TLT. At a correlation of -0.22, they often move in opposite directions.
Performance
MT vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MT achieves a 45.35% return, which is significantly higher than TLT's -1.48% return. Over the past 10 years, MT has outperformed TLT with an annualized return of 15.68%, while TLT has yielded a comparatively lower -2.17% annualized return.
MT
- 1D
- -0.24%
- 1M
- -6.91%
- 6M
- 38.42%
- YTD
- 45.35%
- 1Y
- 93.51%
- 3Y*
- 35.27%
- 5Y*
- 18.07%
- 10Y*
- 15.68%
TLT
- 1D
- -0.59%
- 1M
- -1.74%
- 6M
- -2.05%
- YTD
- -1.48%
- 1Y
- 2.34%
- 3Y*
- -2.07%
- 5Y*
- -7.47%
- 10Y*
- -2.17%
MT vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 45.35% | 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 | -1.48% | 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 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
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 0.22 (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.
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 | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.05 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 3.26 | 0.31 | +2.95 |
| Martin ratioReturn relative to average drawdown | 10.57 | 0.72 | +9.85 |
Loading charts...
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.
Loading charts...
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% | -18.88% | -11.95% |
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 | -61.56% | -41.16% | -20.40% |
Average DrawdownAverage peak-to-trough decline | -69.38% | -13.93% | -55.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.89% | 3.25% | +5.64% |
Volatility
MT vs. TLT - Volatility Comparison
ArcelorMittal (MT) has a higher volatility of 15.22% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.92%. 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.
Loading charts...
Volatility by Period
| MT | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.22% | 2.92% | +12.30% |
Volatility (6M)Calculated over the trailing 6-month period | 37.32% | 6.83% | +30.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.19% | 9.40% | +33.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.98% | 15.80% | +24.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.55% | 14.84% | +29.71% |
Dividends
MT vs. TLT - Dividend Comparison
MT's dividend yield for the trailing twelve months is around 0.87%, less than TLT's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 0.87% | 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 | 4.65% | 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 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MT has higher volatility (15.22%) compared to TLT (2.92%). In terms of maximum drawdown, MT dropped -97.34% vs TLT's -48.35%.
MT currently has the higher Sharpe Ratio (2.18 vs 0.25), 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.
Find the right allocation for MT and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer