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TLH vs. BATG.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TLH vs. BATG.DE

Last updated Jun 6, 2026

TLH (iShares 10-20 Year Treasury Bond ETF) and BATG.DE (L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year Bond Index, while BATG.DE is a Japan Equities fund tracking the Foxberry Sustainability Consensus Japan. Both are passively managed. At a 0.16 correlation, their price movements are largely independent. TLH charges 0.15%/yr vs 0.16%/yr for BATG.DE.

Performance

TLH vs. BATG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 10-20 Year Treasury Bond ETF (TLH) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TLH is traded in USD, while BATG.DE is traded in EUR. To make them comparable, the BATG.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

TLH

1D
-0.62%
1M
-1.02%
YTD
-0.95%
6M
-1.04%
1Y
3.54%
3Y*
0.36%
5Y*
-3.89%
10Y*
-0.87%

BATG.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TLH vs. BATG.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022
TLH
iShares 10-20 Year Treasury Bond ETF		-0.95%6.47%-4.21%4.03%3.28%
BATG.DE
L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF		0.00%9.72%6.35%16.32%8.63%

Correlation

The correlation between TLH and BATG.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2022

0.16

Compare stocks, funds, or ETFs

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iShares 10-20 Year Treasury Bond ETF

L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF

Often compared with TLH:
TLH vs. TLTTLH vs. VGLTTLH vs. IEITLH vs. SPTLTLH vs. SCHQTLH vs. PLWTLH vs. XTLH.TO
Often compared with BATG.DE:
BATG.DE vs. AIAI.LBATG.DE vs. VTBATG.DE vs. VOOBATG.DE vs. VBATG.DE vs. 3JPN.DEBATG.DE vs. BATF.DEBATG.DE vs. XNKY.DE

Return for Risk

TLH vs. BATG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLH
TLH Risk / Return Rank: 1616
Overall Rank
TLH Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
TLH Sortino Ratio Rank: 1515
Sortino Ratio Rank
TLH Omega Ratio Rank: 1515
Omega Ratio Rank
TLH Calmar Ratio Rank: 1616
Calmar Ratio Rank
TLH Martin Ratio Rank: 1616
Martin Ratio Rank
BATG.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLH vs. BATG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF (BATG.DE). 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.

TLHBATG.DEDifference
Sharpe ratioReturn per unit of total volatility
0.45

—

—

Sortino ratioReturn per unit of downside risk
0.69

—

—

Omega ratioGain probability vs. loss probability

1.08

—

—

Calmar ratioReturn relative to maximum drawdown

0.55

—

—

Martin ratioReturn relative to average drawdown

1.50

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLH vs. BATG.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

TLHBATG.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.31

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.08

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.27

—

—

Drawdowns

TLH vs. BATG.DE - Drawdown Comparison

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Drawdown Indicators

TLHBATG.DEDifference

Max Drawdown

Largest peak-to-trough decline

-41.14%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-6.50%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-15.35%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-35.41%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-41.14%

—

—

Current Drawdown

Current decline from peak

-30.13%

—

—

Average Drawdown

Average peak-to-trough decline

-10.76%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.37%

—

—

Volatility

TLH vs. BATG.DE - Volatility Comparison

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Volatility by Period

TLHBATG.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.37%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

5.52%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.69%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.19%

—

—

TLH vs. BATG.DE - Expense Ratio Comparison

TLH has a 0.15% expense ratio, which is lower than BATG.DE's 0.16% 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

TLH vs. BATG.DE - Dividend Comparison

TLH's dividend yield for the trailing twelve months is around 4.50%, while BATG.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
BATG.DE
L&G Japan ESG Exclusions Paris Aligned UCITS ETF USD Accumulating ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TLH
iShares 10-20 Year Treasury Bond ETF		4.50%4.17%4.28%3.83%2.78%1.50%2.65%2.31%2.17%1.83%1.91%2.13%

Frequently Asked Questions

TLH and BATG.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, TLH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

TLH is cheaper with a 0.15% expense ratio, compared with 0.16% for BATG.DE.

TLH is categorized as Government Bonds, while BATG.DE is Japan Equities. TLH tracks ICE U.S. Treasury 10-20 Year Bond Index, while BATG.DE tracks Foxberry Sustainability Consensus Japan. They also come from different issuers: iShares and LGIM Managers (Europe) Limited. Their fees differ too: 0.15% for TLH and 0.16% for BATG.DE.

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