TLH vs. PLW
Compare and contrast key facts about iShares 10-20 Year Treasury Bond ETF (TLH) and Invesco 1-30 Laddered Treasury ETF (PLW).
TLH and PLW 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 Barclays Capital U.S. 10-20 Year Treasury Bond Index. It was launched on Jan 11, 2007. PLW is a passively managed fund by Invesco that tracks the performance of the Ryan/NASDAQ 1-30 Year Treasury Laddered Index. It was launched on Oct 11, 2007. Both TLH and PLW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLH or PLW.
Key characteristics
| TLH | PLW |
|---|
Correlation
The correlation between TLH and PLW is 0.95, 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.
Performance
TLH vs. PLW - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TLH vs. PLW - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is lower than PLW's 0.25% 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%.
Risk-Adjusted Performance
TLH vs. PLW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and Invesco 1-30 Laddered Treasury ETF (PLW). 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.
Dividends
TLH vs. PLW - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.24%, while PLW has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 4.24% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% | 2.12% | 2.41% |
PLW Invesco 1-30 Laddered Treasury ETF | 2.97% | 2.87% | 1.97% | 1.15% | 1.00% | 1.96% | 2.14% | 2.02% | 2.00% | 2.14% | 2.30% | 2.43% |
Drawdowns
TLH vs. PLW - Drawdown Comparison
Volatility
TLH vs. PLW - Volatility Comparison
iShares 10-20 Year Treasury Bond ETF (TLH) has a higher volatility of 3.56% compared to Invesco 1-30 Laddered Treasury ETF (PLW) at 0.00%. This indicates that TLH's price experiences larger fluctuations and is considered to be riskier than PLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.