TLH vs. LGOV
Compare and contrast key facts about iShares 10-20 Year Treasury Bond ETF (TLH) and First Trust Long Duration Opportunities ETF (LGOV).
TLH and LGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLH is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 10-20 Year Bond Index. It was launched on Jan 11, 2007. LGOV is an actively managed fund by First Trust. It was launched on Jan 22, 2019.
Performance
TLH vs. LGOV - Performance Comparison
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TLH vs. LGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | -0.24% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.91% |
LGOV First Trust Long Duration Opportunities ETF | -0.13% | 9.13% | -2.05% | 4.91% | -19.73% | -1.93% | 11.31% | 11.53% |
Returns By Period
In the year-to-date period, TLH achieves a -0.24% return, which is significantly lower than LGOV's -0.13% return.
TLH
- 1D
- 0.09%
- 1M
- -3.77%
- YTD
- -0.24%
- 6M
- -0.12%
- 1Y
- 1.31%
- 3Y*
- -0.20%
- 5Y*
- -3.45%
- 10Y*
- -0.67%
LGOV
- 1D
- 0.65%
- 1M
- -3.44%
- YTD
- -0.13%
- 6M
- 1.30%
- 1Y
- 4.59%
- 3Y*
- 2.17%
- 5Y*
- -1.21%
- 10Y*
- —
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TLH vs. LGOV - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is lower than LGOV's 0.70% expense ratio.
Return for Risk
TLH vs. LGOV — Risk / Return Rank
TLH
LGOV
TLH vs. LGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and First Trust Long Duration Opportunities ETF (LGOV). 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 | LGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.59 | -0.45 |
Sortino ratioReturn per unit of downside risk | 0.25 | 0.86 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.25 | 1.00 | -0.74 |
Martin ratioReturn relative to average drawdown | 0.58 | 2.47 | -1.89 |
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 | LGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.59 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.14 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.14 | +0.14 |
Correlation
The correlation between TLH and LGOV is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TLH vs. LGOV - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.33%, more than LGOV's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 4.33% | 4.17% | 4.28% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% |
LGOV First Trust Long Duration Opportunities ETF | 4.17% | 4.02% | 4.03% | 3.59% | 1.97% | 2.58% | 3.75% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TLH vs. LGOV - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, which is greater than LGOV's maximum drawdown of -30.86%. Use the drawdown chart below to compare losses from any high point for TLH and LGOV.
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Drawdown Indicators
| TLH | LGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -30.86% | -10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.57% | -5.01% | -2.56% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -28.14% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | — | — |
Current DrawdownCurrent decline from peak | -29.63% | -14.91% | -14.72% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -13.03% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 2.02% | +1.28% |
Volatility
TLH vs. LGOV - Volatility Comparison
iShares 10-20 Year Treasury Bond ETF (TLH) has a higher volatility of 3.25% compared to First Trust Long Duration Opportunities ETF (LGOV) at 2.77%. This indicates that TLH's price experiences larger fluctuations and is considered to be riskier than LGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLH | LGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.77% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 5.40% | 4.69% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.29% | 7.84% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.70% | 9.01% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 9.27% | +1.92% |