PG vs. TLT
PG (The Procter & Gamble Company) 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, PG returned 8.69%/yr vs -1.96%/yr for TLT. At a correlation of -0.08, they often move in opposite directions.
Performance
PG vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, PG achieves a 5.11% return, which is significantly higher than TLT's 2.23% return. Over the past 10 years, PG has outperformed TLT with an annualized return of 8.69%, while TLT has yielded a comparatively lower -1.96% annualized return.
PG
- 1D
- -0.38%
- 1M
- 3.41%
- YTD
- 5.11%
- 6M
- 4.19%
- 1Y
- -4.47%
- 3Y*
- 1.88%
- 5Y*
- 4.56%
- 10Y*
- 8.69%
TLT
- 1D
- 0.10%
- 1M
- 2.37%
- YTD
- 2.23%
- 6M
- 1.17%
- 1Y
- 4.63%
- 3Y*
- -1.30%
- 5Y*
- -6.43%
- 10Y*
- -1.96%
PG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 5.11% | -12.26% | 17.25% | -0.86% | -5.05% | 20.52% | 14.15% | 39.70% | 3.57% | 12.69% |
TLT iShares 20+ Year Treasury Bond ETF | 2.23% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between PG and TLT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.08 |
The correlation between PG and TLT shifts across timeframes, from -0.08 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PG vs. TLT — Risk / Return Rank
PG
TLT
PG vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Procter & Gamble Company (PG) 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.
| PG | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.09 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 0.61 | -0.90 |
| Martin ratioReturn relative to average drawdown | -0.52 | 1.45 | -1.98 |
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Drawdowns
PG vs. TLT - Drawdown Comparison
The maximum PG drawdown since its inception was -54.25%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PG and TLT.
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Drawdown Indicators
| PG | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.25% | -48.35% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -15.52% | -7.58% | -7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -18.88% | -2.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.77% | -43.70% | +19.93% |
Max Drawdown (10Y)Largest decline over 10 years | -23.77% | -48.35% | +24.58% |
Current DrawdownCurrent decline from peak | -13.96% | -38.94% | +24.98% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -13.89% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.57% | 3.20% | +5.37% |
Volatility
PG vs. TLT - Volatility Comparison
The Procter & Gamble Company (PG) has a higher volatility of 7.27% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.44%. This indicates that PG'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
| PG | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 2.44% | +4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 6.71% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.04% | 9.53% | +9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 15.81% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.07% | 14.87% | +4.20% |
Dividends
PG vs. TLT - Dividend Comparison
PG's dividend yield for the trailing twelve months is around 2.87%, less than TLT's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.87% | 2.91% | 2.36% | 2.55% | 2.38% | 2.08% | 2.24% | 2.37% | 3.09% | 2.98% | 3.18% | 3.31% |
TLT iShares 20+ Year Treasury Bond ETF | 4.48% | 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
PG and TLT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PG has higher volatility (7.27%) compared to TLT (2.44%). In terms of maximum drawdown, PG dropped -54.25% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.49 vs -0.24), 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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