TLT vs. PERI
TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while PERI (Perion Network Ltd.) is a stock. Over the past 10 years, TLT returned -1.75%/yr vs 9.82%/yr for PERI. At a correlation of -0.07, they often move in opposite directions.
Performance
TLT vs. PERI - Performance Comparison
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Returns By Period
In the year-to-date period, TLT achieves a 0.27% return, which is significantly higher than PERI's -12.11% return. Over the past 10 years, TLT has underperformed PERI with an annualized return of -1.75%, while PERI has yielded a comparatively higher 9.82% annualized return.
TLT
- 1D
- -0.24%
- 1M
- 1.40%
- YTD
- 0.27%
- 6M
- 0.45%
- 1Y
- 3.88%
- 3Y*
- -1.38%
- 5Y*
- -6.53%
- 10Y*
- -1.75%
PERI
- 1D
- 1.81%
- 1M
- -19.04%
- YTD
- -12.11%
- 6M
- -15.21%
- 1Y
- -10.99%
- 3Y*
- -37.43%
- 5Y*
- -13.13%
- 10Y*
- 9.82%
TLT vs. PERI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
PERI Perion Network Ltd. | -12.11% | 13.11% | -72.56% | 22.02% | 5.20% | 88.92% | 104.66% | 139.23% | -15.86% | -27.46% |
Correlation
The correlation between TLT and PERI is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2006 | -0.07 |
The correlation between TLT and PERI shifts across timeframes, from -0.07 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TLT vs. PERI — Risk / Return Rank
TLT
PERI
TLT vs. PERI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and Perion Network Ltd. (PERI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TLT | PERI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.97 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.41 | +0.79 |
| Martin ratioReturn relative to average drawdown | 0.92 | -0.79 | +1.72 |
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Drawdowns
TLT vs. PERI - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, smaller than the maximum PERI drawdown of -95.14%. Use the drawdown chart below to compare losses from any high point for TLT and PERI.
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Drawdown Indicators
| TLT | PERI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -95.14% | +46.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -32.55% | +24.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -80.65% | +61.47% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -83.08% | +39.38% |
Max Drawdown (10Y)Largest decline over 10 years | -48.35% | -83.08% | +34.73% |
Current DrawdownCurrent decline from peak | -40.12% | -80.91% | +40.79% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -56.77% | +42.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 16.87% | -13.73% |
Volatility
TLT vs. PERI - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 2.83%, while Perion Network Ltd. (PERI) has a volatility of 19.93%. This indicates that TLT experiences smaller price fluctuations and is considered to be less risky than PERI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLT | PERI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 19.93% | -17.10% |
Volatility (6M)Calculated over the trailing 6-month period | 6.64% | 29.16% | -22.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.68% | 38.91% | -29.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 53.69% | -37.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 58.80% | -43.89% |
Dividends
TLT vs. PERI - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.56%, while PERI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PERI Perion Network Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.56% | 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 PERI have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PERI has higher volatility (19.93%) compared to TLT (2.83%). In terms of maximum drawdown, TLT dropped -48.35% vs PERI's -95.14%.
TLT currently has the higher Sharpe Ratio (0.30 vs -0.35), 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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