SUSL vs. TLT
SUSL (iShares ESG MSCI USA Leaders ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - SUSL is a Large Cap Growth Equities fund tracking the MSCI USA Extended ESG Leaders 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 5 years, SUSL returned 13.21%/yr vs -8.33%/yr for TLT. Their -0.02 correlation means they have often moved in opposite directions in the past. SUSL charges 0.10%/yr vs 0.15%/yr for TLT.
Performance
SUSL vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, SUSL achieves a 12.03% return, which is significantly higher than TLT's -3.18% return.
SUSL
- 1D
- 1.73%
- 1M
- 2.24%
- 6M
- 10.23%
- YTD
- 12.03%
- 1Y
- 24.28%
- 3Y*
- 21.39%
- 5Y*
- 13.21%
- 10Y*
- —
- ALL TIME*
- 16.67%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.06M | $2.62M | $3.08M | |
| $2.39B | $2.06B | $2.20B |
SUSL vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SUSL iShares ESG MSCI USA Leaders ETF | 12.03% | 18.97% | 23.51% | 29.08% | -20.22% | 31.53% | 18.89% | 15.09% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 10.04% |
Correlation
The correlation between SUSL and TLT is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 10, 2019 | -0.02 |
The correlation between SUSL and TLT shifts across timeframes, from -0.02 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SUSL vs. TLT — Risk / Return Rank
SUSL
TLT
SUSL vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Leaders ETF (SUSL) 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.
| SUSL | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.97 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | -0.28 | +2.42 |
| Martin ratioReturn relative to average drawdown | 8.82 | -0.59 | +9.41 |
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Drawdowns
SUSL vs. TLT - Drawdown Comparison
The maximum SUSL drawdown since its inception was -34.26%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for SUSL and TLT.
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Drawdown Indicators
| SUSL | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -48.35% | +14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -7.74% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.91% | -14.79% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -26.98% | -43.70% | +16.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -42.17% | +42.17% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -14.00% | +8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 3.60% | -0.84% |
Volatility
SUSL vs. TLT - Volatility Comparison
iShares ESG MSCI USA Leaders ETF (SUSL) has a higher volatility of 4.45% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that SUSL'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
| SUSL | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 2.51% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.23% | 6.84% | +4.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 9.24% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 15.74% | +1.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.73% | 14.83% | +4.90% |
SUSL vs. TLT - Expense Ratio Comparison
SUSL has a 0.10% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SUSL vs. TLT - Dividend Comparison
SUSL's dividend yield for the trailing twelve months is around 0.92%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SUSL iShares ESG MSCI USA Leaders ETF | 0.92% | 0.99% | 1.10% | 1.27% | 1.57% | 1.12% | 1.38% | 1.12% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 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
SUSL and TLT have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SUSL has higher volatility (4.45%) compared to TLT (2.51%). In terms of maximum drawdown, SUSL dropped -34.26% vs TLT's -48.35%.
On 5-year performance, SUSL leads with 13.21% vs -8.33% for TLT. On fees, SUSL is cheaper at 0.10% per year. On volatility, TLT has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SUSL has performed better with a 13.21% return vs -8.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SUSL is cheaper with a 0.10% expense ratio, compared with 0.15% for TLT.
TLT has the higher dividend yield at 4.75%, compared with 0.92% for SUSL.
SUSL is categorized as Large Cap Growth Equities, while TLT is Government Bonds. SUSL tracks MSCI USA Extended ESG Leaders Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.10% for SUSL and 0.15% for TLT.
SUSL currently has the higher Sharpe Ratio (1.74 vs -0.23), 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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