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 15.47%/yr vs -2.38%/yr for TLT. Their -0.22 correlation means they have often moved in opposite directions in the past.
Performance
MT vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, MT achieves a 54.65% return, which is significantly higher than TLT's -3.49% return. Over the past 10 years, MT has outperformed TLT with an annualized return of 15.47%, while TLT has yielded a comparatively lower -2.38% annualized return.
MT
- 1D
- 1.15%
- 1M
- 10.63%
- 6M
- 30.58%
- YTD
- 54.65%
- 1Y
- 129.25%
- 3Y*
- 37.27%
- 5Y*
- 16.43%
- 10Y*
- 15.47%
- ALL TIME*
- 1.93%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $109.13M | $116.87M | $127.49M | |
| $2.33B | $2.02B | $2.19B |
MT vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 54.65% | 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 | -3.49% | 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 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.03 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 0.21 (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 | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +3.57 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.99 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.34 | -0.14 | +4.47 |
| Martin ratioReturn relative to average drawdown | 14.15 | -0.30 | +14.45 |
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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% | -7.74% | -21.10% |
Max Drawdown (3Y)Largest decline over 3 years | -30.83% | -14.79% | -16.04% |
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 | -59.10% | -42.36% | -16.74% |
Average DrawdownAverage peak-to-trough decline | -69.36% | -13.99% | -55.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.82% | 3.57% | +5.25% |
Volatility
MT vs. TLT - Volatility Comparison
ArcelorMittal (MT) has a higher volatility of 11.90% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. 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 | 11.90% | 2.46% | +9.44% |
Volatility (6M)Calculated over the trailing 6-month period | 37.25% | 6.85% | +30.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.18% | 9.32% | +33.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.86% | 15.74% | +24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.45% | 14.83% | +29.62% |
Dividends
MT vs. TLT - Dividend Comparison
MT's dividend yield for the trailing twelve months is around 0.82%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MT ArcelorMittal | 0.82% | 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 | 4.34% | 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 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MT has higher volatility (11.90%) compared to TLT (2.46%). In terms of maximum drawdown, MT dropped -97.34% vs TLT's -48.35%.
MT currently has the higher Sharpe Ratio (2.90 vs -0.11), 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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