PTTRX vs. TLT
Compare and contrast key facts about PIMCO Total Return Fund Institutional Class (PTTRX) and iShares 20+ Year Treasury Bond ETF (TLT).
PTTRX is managed by PIMCO. 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
PTTRX vs. TLT - Performance Comparison
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PTTRX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTTRX PIMCO Total Return Fund Institutional Class | -0.68% | 9.35% | 2.62% | 6.33% | -14.72% | -0.59% | 8.88% | 8.36% | -0.24% | 5.13% |
TLT iShares 20+ Year Treasury Bond ETF | 0.07% | 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, PTTRX achieves a -0.68% return, which is significantly lower than TLT's 0.07% return. Over the past 10 years, PTTRX has outperformed TLT with an annualized return of 2.27%, while TLT has yielded a comparatively lower -1.39% annualized return.
PTTRX
- 1D
- 0.34%
- 1M
- -2.24%
- YTD
- -0.68%
- 6M
- 0.80%
- 1Y
- 4.56%
- 3Y*
- 4.81%
- 5Y*
- 0.66%
- 10Y*
- 2.27%
TLT
- 1D
- -0.10%
- 1M
- -3.35%
- YTD
- 0.07%
- 6M
- -1.23%
- 1Y
- -1.44%
- 3Y*
- -2.81%
- 5Y*
- -5.87%
- 10Y*
- -1.39%
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PTTRX vs. TLT - Expense Ratio Comparison
PTTRX has a 0.47% expense ratio, which is higher than TLT's 0.15% expense ratio.
Return for Risk
PTTRX vs. TLT — Risk / Return Rank
PTTRX
TLT
PTTRX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Total Return Fund Institutional Class (PTTRX) 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.
| PTTRX | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | -0.13 | +1.10 |
Sortino ratioReturn per unit of downside risk | 1.37 | -0.10 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.18 | 0.99 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | -0.06 | +1.75 |
Martin ratioReturn relative to average drawdown | 4.99 | -0.13 | +5.12 |
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
| PTTRX | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | -0.13 | +1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.37 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | -0.09 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 0.26 | +0.89 |
Correlation
The correlation between PTTRX and TLT is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PTTRX vs. TLT - Dividend Comparison
PTTRX's dividend yield for the trailing twelve months is around 4.12%, less than TLT's 4.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTTRX PIMCO Total Return Fund Institutional Class | 4.12% | 4.47% | 4.61% | 3.81% | 3.63% | 2.59% | 6.11% | 3.96% | 3.13% | 2.63% | 3.02% | 6.64% |
TLT iShares 20+ Year Treasury Bond ETF | 4.53% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
PTTRX vs. TLT - Drawdown Comparison
The maximum PTTRX drawdown since its inception was -19.28%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PTTRX and TLT.
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Drawdown Indicators
| PTTRX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -48.35% | +29.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.67% | -9.23% | +5.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -43.70% | +24.42% |
Max Drawdown (10Y)Largest decline over 10 years | -19.28% | -48.35% | +29.07% |
Current DrawdownCurrent decline from peak | -2.78% | -40.23% | +37.45% |
Average DrawdownAverage peak-to-trough decline | -2.19% | -13.62% | +11.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 4.39% | -3.15% |
Volatility
PTTRX vs. TLT - Volatility Comparison
The current volatility for PIMCO Total Return Fund Institutional Class (PTTRX) is 2.05%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.71%. This indicates that PTTRX 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
| PTTRX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.05% | 3.71% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 6.61% | -3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.15% | 11.40% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.20% | 15.88% | -9.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 14.93% | -9.74% |