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TLT vs. BND
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TLT and BND is -0.16. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

TLT vs. BND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Total Bond Market ETF (BND). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

TLT:

-0.16

BND:

0.95

Sortino Ratio

TLT:

-0.15

BND:

1.32

Omega Ratio

TLT:

0.98

BND:

1.16

Calmar Ratio

TLT:

-0.06

BND:

0.39

Martin Ratio

TLT:

-0.31

BND:

2.30

Ulcer Index

TLT:

8.29%

BND:

2.11%

Daily Std Dev

TLT:

14.60%

BND:

5.35%

Max Drawdown

TLT:

-48.35%

BND:

-18.84%

Current Drawdown

TLT:

-42.97%

BND:

-7.40%

Returns By Period

In the year-to-date period, TLT achieves a -0.45% return, which is significantly lower than BND's 2.15% return. Over the past 10 years, TLT has underperformed BND with an annualized return of -1.00%, while BND has yielded a comparatively higher 1.44% annualized return.


TLT

YTD

-0.45%

1M

-3.20%

6M

-5.19%

1Y

-2.25%

3Y*

-7.16%

5Y*

-9.57%

10Y*

-1.00%

BND

YTD

2.15%

1M

-0.57%

6M

1.08%

1Y

5.05%

3Y*

1.22%

5Y*

-1.01%

10Y*

1.44%

*Annualized

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Vanguard Total Bond Market ETF

TLT vs. BND - Expense Ratio Comparison

TLT has a 0.15% expense ratio, which is higher than BND's 0.03% 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%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

TLT vs. BND — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TLT
The Risk-Adjusted Performance Rank of TLT is 1313
Overall Rank
The Sharpe Ratio Rank of TLT is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of TLT is 1111
Sortino Ratio Rank
The Omega Ratio Rank of TLT is 1212
Omega Ratio Rank
The Calmar Ratio Rank of TLT is 1515
Calmar Ratio Rank
The Martin Ratio Rank of TLT is 1414
Martin Ratio Rank

BND
The Risk-Adjusted Performance Rank of BND is 6969
Overall Rank
The Sharpe Ratio Rank of BND is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of BND is 7979
Sortino Ratio Rank
The Omega Ratio Rank of BND is 7373
Omega Ratio Rank
The Calmar Ratio Rank of BND is 5151
Calmar Ratio Rank
The Martin Ratio Rank of BND is 6565
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TLT vs. BND - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and Vanguard Total Bond Market ETF (BND). 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.


The current TLT Sharpe Ratio is -0.16, which is lower than the BND Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of TLT and BND, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

TLT vs. BND - Dividend Comparison

TLT's dividend yield for the trailing twelve months is around 4.42%, more than BND's 3.76% yield.


TTM20242023202220212020201920182017201620152014
TLT
iShares 20+ Year Treasury Bond ETF
4.42%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%
BND
Vanguard Total Bond Market ETF
3.76%3.67%3.09%2.60%1.97%2.22%2.72%2.81%2.54%2.51%2.57%2.79%

Drawdowns

TLT vs. BND - Drawdown Comparison

The maximum TLT drawdown since its inception was -48.35%, which is greater than BND's maximum drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for TLT and BND.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

TLT vs. BND - Volatility Comparison

iShares 20+ Year Treasury Bond ETF (TLT) has a higher volatility of 3.65% compared to Vanguard Total Bond Market ETF (BND) at 1.49%. This indicates that TLT's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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