OEC vs. TLT
OEC (Orion Engineered Carbons S.A.) 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, OEC returned -6.55%/yr vs -1.74%/yr for TLT. At a correlation of -0.11, they often move in opposite directions.
Performance
OEC vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, OEC achieves a 30.87% return, which is significantly higher than TLT's 0.77% return. Over the past 10 years, OEC has underperformed TLT with an annualized return of -6.55%, while TLT has yielded a comparatively higher -1.74% annualized return.
OEC
- 1D
- -4.32%
- 1M
- -2.00%
- YTD
- 30.87%
- 6M
- 34.44%
- 1Y
- -32.72%
- 3Y*
- -30.68%
- 5Y*
- -17.68%
- 10Y*
- -6.55%
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%
OEC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEC Orion Engineered Carbons S.A. | 30.87% | -66.26% | -42.83% | 56.24% | -2.39% | 7.12% | -9.89% | -20.56% | 1.52% | 40.95% |
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 OEC and TLT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2014 | -0.11 |
The correlation between OEC and TLT shifts across timeframes, from -0.11 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
OEC vs. TLT — Risk / Return Rank
OEC
TLT
OEC vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Orion Engineered Carbons S.A. (OEC) 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.
| OEC | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.07 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 0.51 | -1.04 |
| Martin ratioReturn relative to average drawdown | -0.80 | 1.22 | -2.02 |
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Drawdowns
OEC vs. TLT - Drawdown Comparison
The maximum OEC drawdown since its inception was -86.81%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for OEC and TLT.
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Drawdown Indicators
| OEC | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.81% | -48.35% | -38.46% |
Max Drawdown (1Y)Largest decline over 1 year | -62.24% | -7.58% | -54.66% |
Max Drawdown (3Y)Largest decline over 3 years | -84.49% | -19.18% | -65.31% |
Max Drawdown (5Y)Largest decline over 5 years | -84.49% | -43.70% | -40.79% |
Max Drawdown (10Y)Largest decline over 10 years | -86.81% | -48.35% | -38.46% |
Current DrawdownCurrent decline from peak | -78.97% | -39.82% | -39.15% |
Average DrawdownAverage peak-to-trough decline | -36.03% | -13.87% | -22.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.82% | 3.18% | +37.64% |
Volatility
OEC vs. TLT - Volatility Comparison
Orion Engineered Carbons S.A. (OEC) has a higher volatility of 19.70% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.20%. This indicates that OEC'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
| OEC | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.70% | 2.20% | +17.50% |
Volatility (6M)Calculated over the trailing 6-month period | 49.87% | 6.62% | +43.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.89% | 9.48% | +57.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.83% | 15.82% | +32.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.63% | 14.88% | +32.75% |
Dividends
OEC vs. TLT - Dividend Comparison
OEC's dividend yield for the trailing twelve months is around 1.21%, less than TLT's 4.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEC Orion Engineered Carbons S.A. | 1.21% | 1.57% | 0.52% | 0.30% | 0.58% | 0.00% | 1.17% | 4.15% | 3.16% | 3.00% | 3.94% | 5.96% |
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
OEC and TLT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OEC has higher volatility (19.70%) compared to TLT (2.20%). In terms of maximum drawdown, OEC dropped -86.81% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.41 vs -0.49), 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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