REVG vs. TLTW

Last updated Jun 4, 2026

REVG (REV Group, Inc.) is a stock, while TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) is Options Trading fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). Over the past 3 years, REVG returned 90.70%/yr vs 0.74%/yr for TLTW. At a 0.08 correlation, their price movements are largely independent.

Performance

REVG vs. TLTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REV Group, Inc. (REVG) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, REVG achieves a 5.08% return, which is significantly higher than TLTW's 1.21% return.

REVG

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.08%
• 6M: 13.15%
• 1Y: 72.25%
• 3Y*: 90.70%
• 5Y*: 32.82%
• 10Y*: —

TLTW

• 1D: -0.23%
• 1M: 0.76%
• YTD: 1.21%
• 6M: -0.20%
• 1Y: 10.46%
• 3Y*: 0.74%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

REVG vs. TLTW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
REVG REV Group, Inc.	5.08%	91.79%	108.93%	46.01%	9.03%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	1.21%	11.36%	-2.18%	0.73%	-11.09%

Correlation

The correlation between REVG and TLTW is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Aug 23, 2022	0.08

Return for Risk

REVG vs. TLTW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

REVG

REVG Risk / Return Rank: 89
REVG Sharpe Ratio Rank: 90
REVG Sortino Ratio Rank: 91
REVG Omega Ratio Rank: 94
REVG Calmar Ratio Rank: 83
REVG Martin Ratio Rank: 85

TLTW

TLTW Risk / Return Rank: 36
TLTW Sharpe Ratio Rank: 37
TLTW Sortino Ratio Rank: 37
TLTW Omega Ratio Rank: 35
TLTW Calmar Ratio Rank: 35
TLTW Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

REVG vs. TLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REV Group, Inc. (REVG) 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.

	REVG	TLTW	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.37	+0.90
Sortino ratio: Return per unit of downside risk	3.42	1.96	+1.46
Omega ratio: Gain probability vs. loss probability	1.54	1.24	+0.29
Calmar ratio: Return relative to maximum drawdown	3.23	1.76	+1.47
Martin ratio: Return relative to average drawdown	8.95	5.28	+3.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REVG vs. TLTW - Sharpe Ratio Comparison

The current REVG Sharpe Ratio is 2.26, which is higher than the TLTW Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of REVG and TLTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	REVG	TLTW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	1.37	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-0.03	+0.30

Drawdowns

REVG vs. TLTW - Drawdown Comparison

The maximum REVG drawdown since its inception was -88.07%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for REVG and TLTW.

Drawdown Indicators

	REVG	TLTW	Difference
Max Drawdown Largest peak-to-trough decline	-88.07%	-18.61%	-69.46%
Max Drawdown (1Y) Largest decline over 1 year	-23.48%	-5.97%	-17.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.48%	-17.19%	-6.29%
Max Drawdown (5Y) Largest decline over 5 years	-48.36%	—	—
Current Drawdown Current decline from peak	-7.32%	-3.20%	-4.12%
Average Drawdown Average peak-to-trough decline	-40.94%	-8.25%	-32.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.32%	1.99%	+6.33%

Volatility

REVG vs. TLTW - Volatility Comparison

The current volatility for REV Group, Inc. (REVG) is 0.00%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 2.48%. This indicates that REVG experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	REVG	TLTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	2.48%	-2.48%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	5.79%	+8.22%
Volatility (1Y) Calculated over the trailing 1-year period	33.52%	7.70%	+25.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.99%	11.39%	+32.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.60%	11.39%	+40.21%

Dividends

REVG vs. TLTW - Dividend Comparison

REVG's dividend yield for the trailing twelve months is around 0.28%, less than TLTW's 11.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
REVG REV Group, Inc.	0.28%	0.39%	10.07%	1.10%	1.58%	1.06%	1.14%	1.64%	2.66%	0.46%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	11.76%	14.82%	14.47%	19.59%	8.71%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both REVG and TLTW in my portfolio?

REVG and TLTW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, REVG or TLTW?

TLTW has higher volatility (2.48%) compared to REVG (0.00%). In terms of maximum drawdown, REVG dropped -88.07% vs TLTW's -18.61%.

Which has better risk-adjusted returns?

REVG currently has the higher Sharpe Ratio (2.26 vs 1.37), 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.