OEC vs. TLT
Compare and contrast key facts about Orion Engineered Carbons S.A. (OEC) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
OEC vs. TLT - Performance Comparison
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OEC vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OEC Orion Engineered Carbons S.A. | 23.65% | -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 | 0.17% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Returns By Period
In the year-to-date period, OEC achieves a 23.65% return, which is significantly higher than TLT's 0.17% return. Over the past 10 years, OEC has underperformed TLT with an annualized return of -5.68%, while TLT has yielded a comparatively higher -1.38% annualized return.
OEC
- 1D
- 3.50%
- 1M
- 14.74%
- YTD
- 23.65%
- 6M
- -13.53%
- 1Y
- -49.13%
- 3Y*
- -36.65%
- 5Y*
- -19.62%
- 10Y*
- -5.68%
TLT
- 1D
- -0.10%
- 1M
- -4.23%
- YTD
- 0.17%
- 6M
- -0.87%
- 1Y
- -0.49%
- 3Y*
- -2.78%
- 5Y*
- -5.85%
- 10Y*
- -1.38%
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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.
| OEC | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.75 | -0.04 | -0.71 |
Sortino ratioReturn per unit of downside risk | -0.94 | 0.02 | -0.96 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.00 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.05 | -0.80 |
Martin ratioReturn relative to average drawdown | -1.18 | 0.11 | -1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OEC | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | -0.04 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | -0.37 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | -0.09 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.26 | -0.39 |
Correlation
The correlation between OEC and TLT is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
OEC vs. TLT - Dividend Comparison
OEC's dividend yield for the trailing twelve months is around 1.27%, less than TLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEC Orion Engineered Carbons S.A. | 1.27% | 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 | 4.49% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
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 | -65.49% | -9.23% | -56.26% |
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 | -80.13% | -40.17% | -39.96% |
Average DrawdownAverage peak-to-trough decline | -35.23% | -13.62% | -21.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.82% | 4.38% | +37.44% |
Volatility
OEC vs. TLT - Volatility Comparison
Orion Engineered Carbons S.A. (OEC) has a higher volatility of 19.90% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.71%. 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 | 19.90% | 3.71% | +16.19% |
Volatility (6M)Calculated over the trailing 6-month period | 51.18% | 6.61% | +44.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.78% | 11.44% | +54.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.60% | 15.90% | +30.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.01% | 14.93% | +32.08% |