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 8.64%/yr vs -1.85%/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 2.74% return, which is significantly higher than TLT's -1.08% return. Over the past 10 years, PG has outperformed TLT with an annualized return of 8.64%, while TLT has yielded a comparatively lower -1.85% annualized return.
PG
- 1D
- -0.98%
- 1M
- -0.90%
- YTD
- 2.74%
- 6M
- 6.43%
- 1Y
- -8.99%
- 3Y*
- 2.29%
- 5Y*
- 4.10%
- 10Y*
- 8.64%
TLT
- 1D
- -0.52%
- 1M
- -1.31%
- YTD
- -1.08%
- 6M
- -1.51%
- 1Y
- 3.67%
- 3Y*
- -2.05%
- 5Y*
- -6.70%
- 10Y*
- -1.85%
PG vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.74% | -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 | -1.08% | 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 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2002 | -0.08 |
The correlation between PG and TLT shifts across timeframes, from -0.08 (all time) to 0.26 (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.
| PG | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.07 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 0.49 | -1.07 |
| Martin ratioReturn relative to average drawdown | -1.04 | 1.19 | -2.23 |
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
| PG | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 0.38 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.42 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | -0.12 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.25 | +0.21 |
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% | -19.18% | -1.97% |
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 | -15.91% | -40.92% | +25.01% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -13.83% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.93% | 3.08% | +5.85% |
Volatility
PG vs. TLT - Volatility Comparison
The Procter & Gamble Company (PG) has a higher volatility of 7.01% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.65%. 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 | 7.01% | 2.65% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | 6.51% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.65% | 9.60% | +9.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.79% | 15.85% | +1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 14.91% | +4.14% |
Dividends
PG vs. TLT - Dividend Comparison
PG's dividend yield for the trailing twelve months is around 2.94%, less than TLT's 4.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PG The Procter & Gamble Company | 2.94% | 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 | 4.63% | 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 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PG has higher volatility (7.01%) compared to TLT (2.65%). In terms of maximum drawdown, PG dropped -54.25% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.38 vs -0.48), 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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