STZ vs. TLT
STZ (Constellation Brands, Inc.) is a stock, 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, STZ returned 1.01%/yr vs -1.75%/yr for TLT. At a correlation of -0.12, they often move in opposite directions.
Performance
STZ vs. TLT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, STZ achieves a 9.07% return, which is significantly higher than TLT's 0.27% return. Over the past 10 years, STZ has outperformed TLT with an annualized return of 1.01%, while TLT has yielded a comparatively lower -1.75% annualized return.
STZ
- 1D
- 3.77%
- 1M
- 5.69%
- YTD
- 9.07%
- 6M
- 2.07%
- 1Y
- -10.17%
- 3Y*
- -13.90%
- 5Y*
- -7.36%
- 10Y*
- 1.01%
TLT
- 1D
- -0.24%
- 1M
- 1.54%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 2.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
STZ vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STZ Constellation Brands, Inc. | 9.07% | -35.99% | -7.11% | 5.83% | -6.43% | 16.12% | 17.41% | 19.85% | -28.73% | 50.69% |
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between STZ and TLT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.12 |
The correlation between STZ and TLT shifts across timeframes, from -0.12 (all time) to 0.15 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
STZ vs. TLT — Risk / Return Rank
STZ
TLT
STZ vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Brands, Inc. (STZ) 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.
| STZ | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.06 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.38 | -0.77 |
| Martin ratioReturn relative to average drawdown | -0.68 | 0.92 | -1.60 |
Loading charts...
Drawdowns
STZ vs. TLT - Drawdown Comparison
The maximum STZ drawdown since its inception was -67.39%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for STZ and TLT.
Loading charts...
Drawdown Indicators
| STZ | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.39% | -48.35% | -19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | -7.58% | -18.93% |
Max Drawdown (3Y)Largest decline over 3 years | -51.28% | -19.18% | -32.10% |
Max Drawdown (5Y)Largest decline over 5 years | -51.28% | -43.70% | -7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -53.53% | -48.35% | -5.18% |
Current DrawdownCurrent decline from peak | -42.57% | -40.12% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -13.84% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.01% | 3.14% | +11.87% |
Volatility
STZ vs. TLT - Volatility Comparison
Constellation Brands, Inc. (STZ) has a higher volatility of 8.54% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.83%. This indicates that STZ'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.
Loading charts...
Volatility by Period
| STZ | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 2.83% | +5.71% |
Volatility (6M)Calculated over the trailing 6-month period | 23.36% | 6.64% | +16.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.17% | 9.68% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.56% | 15.85% | +8.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.96% | 14.91% | +12.05% |
Dividends
STZ vs. TLT - Dividend Comparison
STZ's dividend yield for the trailing twelve months is around 2.75%, less than TLT's 4.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STZ Constellation Brands, Inc. | 2.75% | 2.95% | 1.77% | 1.44% | 1.36% | 1.21% | 1.37% | 1.58% | 1.70% | 0.86% | 0.98% | 0.65% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 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
STZ and TLT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
STZ has higher volatility (8.54%) compared to TLT (2.83%). In terms of maximum drawdown, STZ dropped -67.39% vs TLT's -48.35%.
TLT currently has the higher Sharpe Ratio (0.30 vs -0.34), 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.
Find the right allocation for STZ and TLT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer