PERI vs. TLT
PERI (Perion Network Ltd.) 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, PERI returned 9.82%/yr vs -1.75%/yr for TLT. At a correlation of -0.07, they often move in opposite directions.
Performance
PERI vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, PERI achieves a -12.11% return, which is significantly lower than TLT's 0.27% return. Over the past 10 years, PERI has outperformed TLT with an annualized return of 9.82%, while TLT has yielded a comparatively lower -1.75% annualized return.
PERI
- 1D
- 1.81%
- 1M
- -19.04%
- YTD
- -12.11%
- 6M
- -15.21%
- 1Y
- -10.99%
- 3Y*
- -37.43%
- 5Y*
- -13.13%
- 10Y*
- 9.82%
TLT
- 1D
- -0.24%
- 1M
- 1.40%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 3.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
PERI vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PERI Perion Network Ltd. | -12.11% | 13.11% | -72.56% | 22.02% | 5.20% | 88.92% | 104.66% | 139.23% | -15.86% | -27.46% |
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between PERI and TLT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2006 | -0.07 |
The correlation between PERI and TLT shifts across timeframes, from -0.07 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PERI vs. TLT — Risk / Return Rank
PERI
TLT
PERI vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Perion Network Ltd. (PERI) 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.
| PERI | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.38 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.79 | 0.92 | -1.72 |
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Drawdowns
PERI vs. TLT - Drawdown Comparison
The maximum PERI drawdown since its inception was -95.14%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PERI and TLT.
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Drawdown Indicators
| PERI | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.14% | -48.35% | -46.79% |
Max Drawdown (1Y)Largest decline over 1 year | -32.55% | -7.58% | -24.97% |
Max Drawdown (3Y)Largest decline over 3 years | -80.65% | -19.18% | -61.47% |
Max Drawdown (5Y)Largest decline over 5 years | -83.08% | -43.70% | -39.38% |
Max Drawdown (10Y)Largest decline over 10 years | -83.08% | -48.35% | -34.73% |
Current DrawdownCurrent decline from peak | -80.91% | -40.12% | -40.79% |
Average DrawdownAverage peak-to-trough decline | -56.77% | -13.84% | -42.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.87% | 3.14% | +13.73% |
Volatility
PERI vs. TLT - Volatility Comparison
Perion Network Ltd. (PERI) has a higher volatility of 19.93% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.83%. This indicates that PERI'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
| PERI | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.93% | 2.83% | +17.10% |
Volatility (6M)Calculated over the trailing 6-month period | 29.16% | 6.64% | +22.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.91% | 9.68% | +29.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.69% | 15.85% | +37.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.80% | 14.91% | +43.89% |
Dividends
PERI vs. TLT - Dividend Comparison
PERI has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PERI Perion Network Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 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
PERI and TLT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PERI has higher volatility (19.93%) compared to TLT (2.83%). In terms of maximum drawdown, PERI dropped -95.14% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.30 vs -0.35), 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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