TLH vs. XGLE.L
TLH (iShares 10-20 Year Treasury Bond ETF) and XGLE.L (Xtrackers Eurozone Government Bond UCITS ETF 1C) are both exchange-traded funds - TLH is a Government Bonds fund tracking the ICE U.S. Treasury 10-20 Year Bond Index, while XGLE.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR. Both are passively managed. Over the past 10 years, TLH returned -0.87%/yr vs -0.12%/yr for XGLE.L. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
TLH vs. XGLE.L - Performance Comparison
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Different Trading Currencies
TLH is traded in USD, while XGLE.L is traded in EUR. To make them comparable, the XGLE.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 -0.95% return, which is significantly higher than XGLE.L's -1.07% return. Over the past 10 years, TLH has underperformed XGLE.L with an annualized return of -0.87%, while XGLE.L has yielded a comparatively higher -0.12% annualized return.
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%
XGLE.L
- 1D
- 0.19%
- 1M
- -0.08%
- YTD
- -1.07%
- 6M
- -0.27%
- 1Y
- 1.67%
- 3Y*
- 5.14%
- 5Y*
- -3.19%
- 10Y*
- -0.12%
TLH vs. XGLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | -0.95% | 6.47% | -4.21% | 4.03% | -25.24% | -5.38% | 13.78% | 10.11% | 0.37% | 4.21% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | -1.08% | 14.08% | -4.61% | 10.17% | -23.15% | -10.19% | 14.03% | 4.55% | -3.92% | 14.10% |
Correlation
The correlation between TLH and XGLE.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2009 | 0.35 |
Over the past year, TLH and XGLE.L have become more correlated (0.56) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
TLH vs. XGLE.L — Risk / Return Rank
TLH
XGLE.L
TLH vs. XGLE.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 Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.04 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.26 | +0.28 |
| Martin ratioReturn relative to average drawdown | 1.50 | 0.68 | +0.82 |
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 | XGLE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.20 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | -0.31 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | -0.01 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.08 | +0.19 |
Drawdowns
TLH vs. XGLE.L - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, which is greater than XGLE.L's maximum drawdown of -37.96%. Use the drawdown chart below to compare losses from any high point for TLH and XGLE.L.
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Drawdown Indicators
| TLH | XGLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.14% | -37.96% | -3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.50% | -6.28% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -15.35% | -10.32% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.41% | -35.39% | -0.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | -37.96% | -3.18% |
Current DrawdownCurrent decline from peak | -30.13% | -18.70% | -11.43% |
Average DrawdownAverage peak-to-trough decline | -10.76% | -12.48% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.45% | -0.08% |
Volatility
TLH vs. XGLE.L - Volatility Comparison
The current volatility for iShares 10-20 Year Treasury Bond ETF (TLH) is 2.37%, while Xtrackers Eurozone Government Bond UCITS ETF 1C (XGLE.L) has a volatility of 2.62%. This indicates that TLH experiences smaller price fluctuations and is considered to be less risky than XGLE.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 | XGLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.62% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 6.33% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.92% | 8.39% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 10.19% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.19% | 9.18% | +2.01% |
TLH vs. XGLE.L - Expense Ratio Comparison
Both TLH and XGLE.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TLH vs. XGLE.L - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.50%, while XGLE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XGLE.L Xtrackers Eurozone Government Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLH and XGLE.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TLH and XGLE.L have the same expense ratio: 0.15% per year.
TLH is categorized as Government Bonds, while XGLE.L is European Government Bonds. TLH tracks ICE U.S. Treasury 10-20 Year Bond Index, while XGLE.L tracks Bloomberg Euro Agg Govt TR EUR. They also come from different issuers: iShares and DWS.
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