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

Key characteristics


TLTIEF
YTD Return-3.62%-1.20%
1Y Return-6.13%-0.95%
3Y Return (Ann)-9.23%-3.96%
5Y Return (Ann)-3.47%-0.59%
10Y Return (Ann)0.99%1.18%
Sharpe Ratio-0.35-0.12
Daily Std Dev17.09%8.31%
Max Drawdown-48.35%-23.93%
Current Drawdown-39.94%-17.86%

Correlation

0.92
-1.001.00

The correlation between TLT and IEF is 0.92, 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

TLT vs. IEF - Performance Comparison

In the year-to-date period, TLT achieves a -3.62% return, which is significantly lower than IEF's -1.20% return. Over the past 10 years, TLT has underperformed IEF with an annualized return of 0.99%, while IEF has yielded a comparatively higher 1.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


90.00%100.00%110.00%120.00%130.00%140.00%150.00%OctoberNovemberDecember2024FebruaryMarch
136.82%
105.65%
TLT
IEF

Compare stocks, funds, or ETFs


iShares 20+ Year Treasury Bond ETF

iShares 7-10 Year Treasury Bond ETF

TLT vs. IEF - Expense Ratio Comparison

Both TLT and IEF have an expense ratio of 0.15%.

TLT
iShares 20+ Year Treasury Bond ETF
0.50%1.00%1.50%2.00%0.15%
0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

TLT vs. IEF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
TLT
iShares 20+ Year Treasury Bond ETF
-0.35
IEF
iShares 7-10 Year Treasury Bond ETF
-0.12

TLT vs. IEF - Sharpe Ratio Comparison

The current TLT Sharpe Ratio is -0.35, which is lower than the IEF Sharpe Ratio of -0.12. The chart below compares the 12-month rolling Sharpe Ratio of TLT and IEF.


Rolling 12-month Sharpe Ratio-0.80-0.60-0.40-0.200.000.200.40OctoberNovemberDecember2024FebruaryMarch
-0.35
-0.12
TLT
IEF

Dividends

TLT vs. IEF - Dividend Comparison

TLT's dividend yield for the trailing twelve months is around 3.61%, more than IEF's 3.04% yield.


TTM20232022202120202019201820172016201520142013
TLT
iShares 20+ Year Treasury Bond ETF
3.61%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%3.26%
IEF
iShares 7-10 Year Treasury Bond ETF
3.04%2.91%1.96%0.83%1.08%2.08%2.24%1.82%1.81%1.90%2.05%1.77%

Drawdowns

TLT vs. IEF - Drawdown Comparison

The maximum TLT drawdown since its inception was -48.35%, which is greater than IEF's maximum drawdown of -23.93%. The drawdown chart below compares losses from any high point along the way for TLT and IEF


-50.00%-45.00%-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%OctoberNovemberDecember2024FebruaryMarch
-39.94%
-17.86%
TLT
IEF

Volatility

TLT vs. IEF - Volatility Comparison

iShares 20+ Year Treasury Bond ETF (TLT) has a higher volatility of 3.13% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.54%. This indicates that TLT's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%7.00%OctoberNovemberDecember2024FebruaryMarch
3.13%
1.54%
TLT
IEF