TLH vs. VGLT
Compare and contrast key facts about iShares 10-20 Year Treasury Bond ETF (TLH) and Vanguard Long-Term Treasury ETF (VGLT).
TLH and VGLT 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. VGLT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. Long Government Float Adjusted Index. It was launched on Nov 19, 2009. Both TLH and VGLT 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 VGLT.
Performance
TLH vs. VGLT - Performance Comparison
Returns By Period
In the year-to-date period, TLH achieves a -2.81% return, which is significantly higher than VGLT's -4.50% return. Over the past 10 years, TLH has underperformed VGLT with an annualized return of -0.20%, while VGLT has yielded a comparatively higher 0.05% annualized return.
TLH
-2.81%
-4.18%
1.61%
6.33%
-4.23%
-0.20%
VGLT
-4.50%
-4.70%
1.05%
5.38%
-5.09%
0.05%
Key characteristics
| TLH | VGLT | |
|---|---|---|
| Sharpe Ratio | 0.62 | 0.49 |
| Sortino Ratio | 0.93 | 0.78 |
| Omega Ratio | 1.11 | 1.09 |
| Calmar Ratio | 0.20 | 0.16 |
| Martin Ratio | 1.64 | 1.21 |
| Ulcer Index | 4.50% | 5.47% |
| Daily Std Dev | 12.00% | 13.47% |
| Max Drawdown | -41.14% | -46.18% |
| Current Drawdown | -32.78% | -38.65% |
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TLH vs. VGLT - Expense Ratio Comparison
TLH has a 0.15% expense ratio, which is higher than VGLT's 0.04% 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%.
Correlation
The correlation between TLH and VGLT is 0.97, 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.
Risk-Adjusted Performance
TLH vs. VGLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) and Vanguard Long-Term Treasury ETF (VGLT). 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. VGLT - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.20%, more than VGLT's 4.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 4.20% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% | 2.12% | 2.41% |
VGLT Vanguard Long-Term Treasury ETF | 4.12% | 3.33% | 2.83% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% | 2.75% | 3.19% |
Drawdowns
TLH vs. VGLT - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for TLH and VGLT. For additional features, visit the drawdowns tool.
Volatility
TLH vs. VGLT - Volatility Comparison
The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 3.78%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 4.29%. This indicates that TLH experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.