PLNUSD=X vs. TLT
PLNUSD=X (PLN/USD) is a currency, 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, PLNUSD=X returned 0.64%/yr vs -2.13%/yr for TLT. At a correlation of -0.03, they often move in opposite directions.
Performance
PLNUSD=X vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, PLNUSD=X achieves a -4.74% return, which is significantly lower than TLT's -1.19% return. Over the past 10 years, PLNUSD=X has outperformed TLT with an annualized return of 0.64%, while TLT has yielded a comparatively lower -2.13% annualized return.
PLNUSD=X
- 1D
- 0.45%
- 1M
- -2.67%
- 6M
- -4.01%
- YTD
- -4.74%
- 1Y
- -2.54%
- 3Y*
- 1.72%
- 5Y*
- 0.60%
- 10Y*
- 0.64%
TLT
- 1D
- -0.04%
- 1M
- -1.94%
- 6M
- -2.48%
- YTD
- -1.19%
- 1Y
- 3.43%
- 3Y*
- -1.99%
- 5Y*
- -7.58%
- 10Y*
- -2.13%
PLNUSD=X vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PLNUSD=X PLN/USD | -4.74% | 15.12% | -4.70% | 11.11% | -7.74% | -7.60% | 1.74% | -1.43% | -6.84% | 20.27% |
TLT iShares 20+ Year Treasury Bond ETF | -1.19% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between PLNUSD=X and TLT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2007 | -0.03 |
The correlation between PLNUSD=X and TLT shifts across timeframes, from -0.03 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PLNUSD=X vs. TLT — Risk / Return Rank
PLNUSD=X
TLT
PLNUSD=X vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PLN/USD (PLNUSD=X) 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.
| PLNUSD=X | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.07 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 0.45 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.59 | 1.04 | -1.62 |
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Drawdowns
PLNUSD=X vs. TLT - Drawdown Comparison
The maximum PLNUSD=X drawdown since its inception was -59.63%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PLNUSD=X and TLT.
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Drawdown Indicators
| PLNUSD=X | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.63% | -48.35% | -11.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.24% | -7.58% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -10.57% | -18.88% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.17% | -43.70% | +19.53% |
Max Drawdown (10Y)Largest decline over 10 years | -33.60% | -48.35% | +14.75% |
Current DrawdownCurrent decline from peak | -46.39% | -40.99% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -40.93% | -13.94% | -26.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.31% | +0.43% |
Volatility
PLNUSD=X vs. TLT - Volatility Comparison
The current volatility for PLN/USD (PLNUSD=X) is 1.59%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 2.59%. This indicates that PLNUSD=X experiences smaller price fluctuations and is considered to be less risky 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
| PLNUSD=X | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.59% | 2.59% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 6.79% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 9.35% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.45% | 15.78% | -5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.91% | 14.83% | -4.92% |
Frequently Asked Questions
PLNUSD=X and TLT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLT has higher volatility (2.59%) compared to PLNUSD=X (1.59%). In terms of maximum drawdown, PLNUSD=X dropped -59.63% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.37 vs -0.27), 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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