TLT vs. ELD
TLT (iShares 20+ Year Treasury Bond ETF) and ELD (WisdomTree Emerging Markets Local Debt Fund) are both exchange-traded funds - TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while ELD is a Emerging Markets Bonds fund actively managed by WisdomTree. TLT is passively managed, while ELD is actively managed. Over the past 10 years, TLT returned -1.85%/yr vs 2.66%/yr for ELD. At a 0.01 correlation, their price movements are largely independent. TLT charges 0.15%/yr vs 0.55%/yr for ELD.
Performance
TLT vs. ELD - Performance Comparison
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Returns By Period
In the year-to-date period, TLT achieves a -1.08% return, which is significantly lower than ELD's -0.49% return. Over the past 10 years, TLT has underperformed ELD with an annualized return of -1.85%, while ELD has yielded a comparatively higher 2.66% annualized return.
TLT
- 1D
- -0.52%
- 1M
- -1.31%
- YTD
- -1.08%
- 6M
- -1.51%
- 1Y
- 3.67%
- 3Y*
- -2.05%
- 5Y*
- -6.70%
- 10Y*
- -1.85%
ELD
- 1D
- -0.25%
- 1M
- -1.95%
- YTD
- -0.49%
- 6M
- 1.34%
- 1Y
- 9.35%
- 3Y*
- 6.90%
- 5Y*
- 2.01%
- 10Y*
- 2.66%
TLT vs. ELD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | -1.08% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
ELD WisdomTree Emerging Markets Local Debt Fund | -0.49% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
Correlation
The correlation between TLT and ELD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2010 | 0.01 |
Over the past year, TLT and ELD have become more correlated (0.28) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
TLT vs. ELD — Risk / Return Rank
TLT
ELD
TLT vs. ELD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and WisdomTree Emerging Markets Local Debt Fund (ELD). 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.
| TLT | ELD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.20 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 1.31 | -0.83 |
| Martin ratioReturn relative to average drawdown | 1.19 | 4.55 | -3.36 |
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
| TLT | ELD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 1.10 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 0.18 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.24 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.12 | +0.14 |
Drawdowns
TLT vs. ELD - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, which is greater than ELD's maximum drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for TLT and ELD.
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Drawdown Indicators
| TLT | ELD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -31.92% | -16.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -7.15% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -10.89% | -8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -23.56% | -20.14% |
Max Drawdown (10Y)Largest decline over 10 years | -48.35% | -25.15% | -23.20% |
Current DrawdownCurrent decline from peak | -40.92% | -3.94% | -36.98% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -13.30% | -0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.06% | +1.02% |
Volatility
TLT vs. ELD - Volatility Comparison
iShares 20+ Year Treasury Bond ETF (TLT) and WisdomTree Emerging Markets Local Debt Fund (ELD) have volatilities of 2.65% and 2.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLT | ELD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.72% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.51% | 7.16% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.60% | 8.54% | +1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 10.94% | +4.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 11.26% | +3.65% |
TLT vs. ELD - Expense Ratio Comparison
TLT has a 0.15% expense ratio, which is lower than ELD's 0.55% expense ratio.
Dividends
TLT vs. ELD - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.63%, less than ELD's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.89% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
TLT iShares 20+ Year Treasury Bond ETF | 4.63% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
TLT and ELD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ELD has higher volatility (2.72%) compared to TLT (2.65%). In terms of maximum drawdown, TLT dropped -48.35% vs ELD's -31.92%.
On 10-year performance, ELD leads with 2.66% vs -1.85% for TLT. On fees, TLT is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ELD has performed better with a 2.66% return vs -1.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.55% for ELD.
ELD has the higher dividend yield at 5.89%, compared with 4.63% for TLT.
TLT is categorized as Government Bonds, while ELD is Emerging Markets Bonds. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.15% for TLT and 0.55% for ELD.
ELD currently has the higher Sharpe Ratio (1.10 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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