Correlation
The correlation between TFJL and TLT is 0.02, 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.
TFJL vs. TLT
Compare and contrast key facts about Innovator 20+ Year Treasury Bond 5 Floor ETF - July (TFJL) and iShares 20+ Year Treasury Bond ETF (TLT).
TFJL and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFJL is an actively managed fund by Innovator. It was launched on Aug 18, 2020. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFJL or TLT.
Performance
TFJL vs. TLT - Performance Comparison
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Key characteristics
TFJL:
0.17
TLT:
0.00
TFJL:
0.31
TLT:
0.08
TFJL:
1.04
TLT:
1.01
TFJL:
0.08
TLT:
-0.00
TFJL:
0.29
TLT:
-0.02
TFJL:
5.77%
TLT:
8.40%
TFJL:
9.99%
TLT:
14.48%
TFJL:
-25.45%
TLT:
-48.35%
TFJL:
-20.36%
TLT:
-42.60%
Returns By Period
In the year-to-date period, TFJL achieves a -0.02% return, which is significantly lower than TLT's 0.19% return.
TFJL
-0.02%
-3.12%
-1.49%
1.67%
-2.54%
N/A
N/A
TLT
0.19%
-3.21%
-6.21%
0.06%
-6.30%
-9.59%
-0.69%
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TFJL vs. TLT - Expense Ratio Comparison
TFJL has a 0.80% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
TFJL vs. TLT — Risk-Adjusted Performance Rank
TFJL
TLT
TFJL vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator 20+ Year Treasury Bond 5 Floor ETF - July (TFJL) 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.
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Dividends
TFJL vs. TLT - Dividend Comparison
TFJL has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.39%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFJL Innovator 20+ Year Treasury Bond 5 Floor ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.39% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
TFJL vs. TLT - Drawdown Comparison
The maximum TFJL drawdown since its inception was -25.45%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TFJL and TLT.
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Volatility
TFJL vs. TLT - Volatility Comparison
The current volatility for Innovator 20+ Year Treasury Bond 5 Floor ETF - July (TFJL) is 1.56%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.55%. This indicates that TFJL experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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