TLH vs. DTLE.L
TLH (iShares 10-20 Year Treasury Bond ETF) and DTLE.L (iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year Bond Index, while DTLE.L is a Long-Term Bond fund managed by iShares. Over the past 5 years, TLH returned -3.80%/yr vs -9.02%/yr for DTLE.L. A 0.66 correlation means they provide meaningful diversification when combined. TLH charges 0.15%/yr vs 0.10%/yr for DTLE.L.
Performance
TLH vs. DTLE.L - Performance Comparison
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Different Trading Currencies
TLH is traded in USD, while DTLE.L is traded in EUR. To make them comparable, the DTLE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TLH achieves a -0.51% return, which is significantly higher than DTLE.L's -3.38% return.
TLH
- 1D
- -0.38%
- 1M
- 0.62%
- YTD
- -0.51%
- 6M
- -1.42%
- 1Y
- 5.33%
- 3Y*
- 0.59%
- 5Y*
- -3.80%
- 10Y*
- -0.83%
DTLE.L
- 1D
- -0.82%
- 1M
- -1.25%
- YTD
- -3.38%
- 6M
- -3.26%
- 1Y
- 4.52%
- 3Y*
- -1.29%
- 5Y*
- -9.02%
- 10Y*
- —
TLH vs. DTLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | -0.51% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.11% | 0.37% | -0.79% |
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | -3.38% | 15.98% | -14.67% | 2.57% | -36.47% | -11.73% | 25.40% | 10.10% | -8.92% | 1.21% |
Correlation
The correlation between TLH and DTLE.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2017 | 0.66 |
The correlation between TLH and DTLE.L has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
TLH vs. DTLE.L — Risk / Return Rank
TLH
DTLE.L
TLH vs. DTLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L). 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.
| TLH | DTLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.07 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.46 | +0.36 |
| Martin ratioReturn relative to average drawdown | 2.28 | 1.19 | +1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TLH | DTLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.34 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | -0.50 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | -0.23 | +0.50 |
Drawdowns
TLH vs. DTLE.L - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, smaller than the maximum DTLE.L drawdown of -56.35%. Use the drawdown chart below to compare losses from any high point for TLH and DTLE.L.
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Drawdown Indicators
| TLH | DTLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -56.35% | +15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -9.78% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -22.61% | +7.26% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -50.59% | +15.18% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | — | — |
Current DrawdownCurrent decline from peak | -29.82% | -48.02% | +18.20% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -27.81% | +17.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 3.78% | -1.43% |
Volatility
TLH vs. DTLE.L - Volatility Comparison
The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 2.46%, while iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) has a volatility of 4.29%. This indicates that TLH experiences smaller price fluctuations and is considered to be less risky than DTLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLH | DTLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 4.29% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 5.49% | 8.96% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 13.20% | -5.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 17.93% | -5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 17.88% | -6.69% |
TLH vs. DTLE.L - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is higher than DTLE.L's 0.10% expense ratio. However, 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. DTLE.L - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.48%, more than DTLE.L's 4.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 4.27% | 4.18% | 4.75% | 3.75% | 3.05% | 1.76% | 1.69% | 2.50% | 2.88% | 0.51% | 0.00% | 0.00% |
TLH iShares 10-20 Year Treasury Bond ETF | 4.48% | 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 DTLE.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLE.L is cheaper with a 0.10% expense ratio, compared with 0.15% for TLH.
TLH is categorized as Government Bonds, while DTLE.L is Long-Term Bond. Their fees differ too: 0.15% for TLH and 0.10% for DTLE.L.
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