RATE vs. TLTW
Compare and contrast key facts about Global X Interest Rate Hedge ETF (RATE) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
RATE and TLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RATE is an actively managed fund by Global X. It was launched on Jul 5, 2022. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RATE or TLTW.
Correlation
The correlation between RATE and TLTW is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RATE vs. TLTW - Performance Comparison
Key characteristics
RATE:
-0.43
TLTW:
0.78
RATE:
-0.50
TLTW:
1.08
RATE:
0.94
TLTW:
1.14
RATE:
-0.33
TLTW:
0.47
RATE:
-0.78
TLTW:
1.57
RATE:
12.23%
TLTW:
5.20%
RATE:
21.91%
TLTW:
10.51%
RATE:
-28.48%
TLTW:
-18.59%
RATE:
-18.73%
TLTW:
-9.76%
Returns By Period
In the year-to-date period, RATE achieves a -5.49% return, which is significantly lower than TLTW's 3.90% return.
RATE
-5.49%
-4.05%
-0.89%
-10.96%
N/A
N/A
TLTW
3.90%
0.69%
1.06%
8.79%
N/A
N/A
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RATE vs. TLTW - Expense Ratio Comparison
RATE has a 0.50% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
RATE vs. TLTW — Risk-Adjusted Performance Rank
RATE
TLTW
RATE vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Interest Rate Hedge ETF (RATE) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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.
Dividends
RATE vs. TLTW - Dividend Comparison
RATE's dividend yield for the trailing twelve months is around 4.45%, less than TLTW's 15.13% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
RATE Global X Interest Rate Hedge ETF | 4.45% | 4.20% | 35.06% | 15.44% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.13% | 14.47% | 19.59% | 8.71% |
Drawdowns
RATE vs. TLTW - Drawdown Comparison
The maximum RATE drawdown since its inception was -28.48%, which is greater than TLTW's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for RATE and TLTW. For additional features, visit the drawdowns tool.
Volatility
RATE vs. TLTW - Volatility Comparison
Global X Interest Rate Hedge ETF (RATE) has a higher volatility of 8.93% compared to iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) at 4.82%. This indicates that RATE's price experiences larger fluctuations and is considered to be riskier than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.