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 -4.76%/yr vs 0.40%/yr for IEF. Their -0.04 correlation means they have often moved in opposite directions in the past.
Performance
TLF vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, TLF achieves a 14.46% return, which is significantly higher than IEF's -1.44% return. Over the past 10 years, TLF has underperformed IEF with an annualized return of -4.76%, while IEF has yielded a comparatively higher 0.40% annualized return.
TLF
- 1D
- -1.25%
- 1M
- -0.84%
- 6M
- 10.04%
- YTD
- 14.46%
- 1Y
- -10.96%
- 3Y*
- 1.07%
- 5Y*
- -1.97%
- 10Y*
- -4.76%
- ALL TIME*
- -0.67%
IEF
- 1D
- -0.28%
- 1M
- -1.24%
- 6M
- -1.22%
- YTD
- -1.44%
- 1Y
- 0.62%
- 3Y*
- 2.88%
- 5Y*
- -1.80%
- 10Y*
- 0.40%
- ALL TIME*
- 3.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $422.02M | $484.34M | $621.73M | |
| $16.14K | $40.39K | $82.20K |
TLF vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLF Tandy Leather Factory Inc | 14.46% | -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 | -1.44% | 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 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 0.09 (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 | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.07 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 0.44 | -0.81 |
| Martin ratioReturn relative to average drawdown | -0.64 | 1.01 | -1.65 |
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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 | -27.45% | -4.07% | -23.38% |
Max Drawdown (3Y)Largest decline over 3 years | -34.92% | -6.89% | -28.03% |
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 | -55.30% | -12.05% | -43.25% |
Average DrawdownAverage peak-to-trough decline | -48.00% | -5.38% | -42.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.91% | 1.75% | +14.16% |
Volatility
TLF vs. IEF - Volatility Comparison
Tandy Leather Factory Inc (TLF) has a higher volatility of 6.87% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.18%. 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 | 6.87% | 1.18% | +5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 19.19% | 3.64% | +15.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.80% | 4.67% | +21.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.26% | 7.70% | +31.56% |
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 31.65%, more than IEF's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.62% | 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 | 31.65% | 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 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TLF has higher volatility (6.87%) compared to IEF (1.18%). In terms of maximum drawdown, TLF dropped -98.36% vs IEF's -23.93%.
IEF currently has the higher Sharpe Ratio (0.38 vs -0.39), 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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