TLF vs. IEF
TLF (Tandy Leather Factory Inc) is a stock, while IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, TLF returned -5.33%/yr vs 0.47%/yr for IEF. At a correlation of -0.04, they often move in opposite directions.
Performance
TLF vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, TLF achieves a 15.42% return, which is significantly higher than IEF's -0.72% return. Over the past 10 years, TLF has underperformed IEF with an annualized return of -5.33%, while IEF has yielded a comparatively higher 0.47% annualized return.
TLF
- 1D
- 0.00%
- 1M
- 3.46%
- 6M
- 13.76%
- YTD
- 15.42%
- 1Y
- -4.05%
- 3Y*
- 1.03%
- 5Y*
- -3.03%
- 10Y*
- -5.33%
IEF
- 1D
- -0.09%
- 1M
- -0.26%
- 6M
- -0.87%
- YTD
- -0.72%
- 1Y
- 3.15%
- 3Y*
- 3.09%
- 5Y*
- -1.44%
- 10Y*
- 0.47%
TLF vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLF Tandy Leather Factory Inc | 15.42% | -20.91% | 12.44% | 0.24% | -17.48% | 60.94% | -43.96% | 0.53% | -26.71% | -4.32% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.72% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between TLF and IEF 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 | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.04 |
The correlation between TLF and IEF shifts across timeframes, from -0.04 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLF vs. IEF — Risk / Return Rank
TLF
IEF
TLF vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tandy Leather Factory Inc (TLF) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| TLF | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.10 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | 0.66 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.24 | 1.70 | -1.94 |
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Drawdowns
TLF vs. IEF - Drawdown Comparison
The maximum TLF drawdown since its inception was -98.36%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for TLF and IEF.
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Drawdown Indicators
| TLF | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -23.93% | -74.43% |
Max Drawdown (1Y)Largest decline over 1 year | -27.55% | -4.07% | -23.48% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -7.71% | -27.21% |
Max Drawdown (5Y)Largest decline over 5 years | -43.09% | -21.40% | -21.69% |
Max Drawdown (10Y)Largest decline over 10 years | -70.56% | -23.93% | -46.63% |
Current DrawdownCurrent decline from peak | -54.92% | -11.40% | -43.52% |
Average DrawdownAverage peak-to-trough decline | -47.99% | -5.37% | -42.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.77% | 1.57% | +14.20% |
Volatility
TLF vs. IEF - Volatility Comparison
Tandy Leather Factory Inc (TLF) has a higher volatility of 6.18% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.57%. This indicates that TLF's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLF | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 1.57% | +4.61% |
Volatility (6M)Calculated over the trailing 6-month period | 19.29% | 3.59% | +15.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.53% | 4.72% | +21.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.36% | 7.71% | +31.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.78% | 6.61% | +36.17% |
Dividends
TLF vs. IEF - Dividend Comparison
TLF's dividend yield for the trailing twelve months is around 31.38%, more than IEF's 3.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.92% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
TLF Tandy Leather Factory Inc | 31.38% | 54.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLF and IEF 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.
TLF has higher volatility (6.18%) compared to IEF (1.57%). In terms of maximum drawdown, TLF dropped -98.36% vs IEF's -23.93%.
IEF currently has the higher Sharpe Ratio (0.57 vs -0.14), 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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