RXI vs. TLT
RXI (iShares Global Consumer Discretionary ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - RXI is a Consumer Discretionary Equities fund tracking the S&P Global Consumer Discretionary Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, RXI returned 9.86%/yr vs -2.25%/yr for TLT. Their -0.23 correlation means they have often moved in opposite directions in the past. RXI charges 0.46%/yr vs 0.15%/yr for TLT.
Performance
RXI vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, RXI achieves a -0.35% return, which is significantly higher than TLT's -2.43% return. Over the past 10 years, RXI has outperformed TLT with an annualized return of 9.86%, while TLT has yielded a comparatively lower -2.25% annualized return.
RXI
- 1D
- 0.23%
- 1M
- 4.24%
- 6M
- -0.61%
- YTD
- -0.35%
- 1Y
- 9.67%
- 3Y*
- 10.30%
- 5Y*
- 4.73%
- 10Y*
- 9.86%
- ALL TIME*
- 8.65%
TLT
- 1D
- 0.77%
- 1M
- -2.76%
- 6M
- -2.36%
- YTD
- -2.43%
- 1Y
- -1.64%
- 3Y*
- -0.90%
- 5Y*
- -8.10%
- 10Y*
- -2.25%
- ALL TIME*
- 3.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.84M | $2.90M | $2.10M | |
| $2.59B | $2.11B | $2.22B |
RXI vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXI iShares Global Consumer Discretionary ETF | -0.35% | 13.16% | 17.26% | 27.57% | -29.08% | 16.32% | 24.46% | 26.78% | -6.30% | 22.94% |
TLT iShares 20+ Year Treasury Bond ETF | -2.43% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between RXI and TLT is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2006 | -0.23 |
The correlation between RXI and TLT shifts across timeframes, from -0.23 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RXI vs. TLT — Risk / Return Rank
RXI
TLT
RXI vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Consumer Discretionary ETF (RXI) 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.
| RXI | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.98 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | -0.21 | +0.85 |
| Martin ratioReturn relative to average drawdown | 1.61 | -0.45 | +2.07 |
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Drawdowns
RXI vs. TLT - Drawdown Comparison
The maximum RXI drawdown since its inception was -60.36%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for RXI and TLT.
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Drawdown Indicators
| RXI | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.36% | -48.35% | -12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -7.74% | -7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.64% | -14.79% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -35.78% | -43.70% | +7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -35.78% | -48.35% | +12.57% |
Current DrawdownCurrent decline from peak | -4.22% | -41.73% | +37.51% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -14.00% | +3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 3.63% | +2.38% |
Volatility
RXI vs. TLT - Volatility Comparison
iShares Global Consumer Discretionary ETF (RXI) has a higher volatility of 5.46% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.67%. This indicates that RXI'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
| RXI | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 2.67% | +2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.67% | 6.88% | +6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 9.25% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 15.75% | +5.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 14.83% | +5.28% |
RXI vs. TLT - Expense Ratio Comparison
RXI has a 0.46% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
RXI vs. TLT - Dividend Comparison
RXI's dividend yield for the trailing twelve months is around 1.40%, less than TLT's 4.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXI iShares Global Consumer Discretionary ETF | 1.40% | 1.55% | 1.07% | 1.00% | 1.00% | 0.89% | 0.65% | 1.48% | 1.73% | 1.26% | 1.77% | 1.17% |
TLT iShares 20+ Year Treasury Bond ETF | 4.71% | 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
RXI and TLT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXI has higher volatility (5.46%) compared to TLT (2.67%). In terms of maximum drawdown, RXI dropped -60.36% vs TLT's -48.35%.
On 10-year performance, RXI leads with 9.86% vs -2.25% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RXI has performed better with a 9.86% return vs -2.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.46% for RXI.
TLT has the higher dividend yield at 4.71%, compared with 1.40% for RXI.
RXI is categorized as Consumer Discretionary Equities, while TLT is Government Bonds. RXI tracks S&P Global Consumer Discretionary Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.46% for RXI and 0.15% for TLT.
RXI currently has the higher Sharpe Ratio (0.57 vs -0.18), 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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