TLT vs. U-U.TO

Last updated Jun 13, 2026

TLT (iShares 20+ Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while U-U.TO (Sprott Physical Uranium Trust Fund) is a stock. Over the past 3 years, TLT returned -1.38%/yr vs 9.68%/yr for U-U.TO. At a correlation of -0.04, they often move in opposite directions.

Performance

TLT vs. U-U.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 20+ Year Treasury Bond ETF (TLT) and Sprott Physical Uranium Trust Fund (U-U.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TLT is traded in USD, while U-U.TO is traded in CAD. To make them comparable, the U-U.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TLT achieves a 0.27% return, which is significantly higher than U-U.TO's -7.16% return.

TLT

• 1D: -0.24%
• 1M: 1.54%
• YTD: 0.27%
• 6M: 0.45%
• 1Y: 2.88%
• 3Y*: -1.38%
• 5Y*: -6.53%
• 10Y*: -1.75%

U-U.TO

• 1D: -1.14%
• 1M: -8.64%
• YTD: -7.16%
• 6M: 1.40%
• 1Y: 5.77%
• 3Y*: 9.68%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TLT vs. U-U.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TLT iShares 20+ Year Treasury Bond ETF	0.27%	4.25%	-8.05%	2.77%	-31.23%	0.53%
U-U.TO Sprott Physical Uranium Trust Fund	-7.16%	18.18%	-25.16%	86.49%	-0.07%	17.76%

Correlation

The correlation between TLT and U-U.TO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021	-0.04

Return for Risk

TLT vs. U-U.TO — Risk / Return Rank

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

TLT

TLT Risk / Return Rank: 14
TLT Sharpe Ratio Rank: 14
TLT Sortino Ratio Rank: 13
TLT Omega Ratio Rank: 13
TLT Calmar Ratio Rank: 14
TLT Martin Ratio Rank: 14

U-U.TO

U-U.TO Risk / Return Rank: 49
U-U.TO Sharpe Ratio Rank: 51
U-U.TO Sortino Ratio Rank: 46
U-U.TO Omega Ratio Rank: 45
U-U.TO Calmar Ratio Rank: 52
U-U.TO Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TLT vs. U-U.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and Sprott Physical Uranium Trust Fund (U-U.TO). 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	U-U.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.30	0.16	+0.14
Sortino ratio: Return per unit of downside risk	0.50	0.48	+0.02
Omega ratio: Gain probability vs. loss probability	1.06	1.06	0.00
Calmar ratio: Return relative to maximum drawdown	0.38	0.23	+0.15
Martin ratio: Return relative to average drawdown	0.92	0.46	+0.47

TLT vs. U-U.TO - Sharpe Ratio Comparison

The current TLT Sharpe Ratio is 0.30, which is higher than the U-U.TO Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of TLT and U-U.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TLT vs. U-U.TO - Drawdown Comparison

The maximum TLT drawdown since its inception was -48.35%, smaller than the maximum U-U.TO drawdown of -51.83%. Use the drawdown chart below to compare losses from any high point for TLT and U-U.TO.

Drawdown Indicators

	TLT	U-U.TO	Difference
Max Drawdown Largest peak-to-trough decline	-48.35%	-51.83%	+3.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.58%	-25.40%	+17.82%
Max Drawdown (3Y) Largest decline over 3 years	-19.18%	-51.83%	+32.65%
Max Drawdown (5Y) Largest decline over 5 years	-43.70%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.35%	—	—
Current Drawdown Current decline from peak	-40.12%	-29.49%	-10.63%
Average Drawdown Average peak-to-trough decline	-13.84%	-24.20%	+10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	12.69%	-9.55%

Volatility

TLT vs. U-U.TO - Volatility Comparison

The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 2.83%, while Sprott Physical Uranium Trust Fund (U-U.TO) has a volatility of 6.16%. This indicates that TLT experiences smaller price fluctuations and is considered to be less risky than U-U.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TLT	U-U.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	6.16%	-3.33%
Volatility (6M) Calculated over the trailing 6-month period	6.64%	25.78%	-19.14%
Volatility (1Y) Calculated over the trailing 1-year period	9.68%	35.47%	-25.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	42.18%	-26.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.91%	42.18%	-27.27%

Dividends

TLT vs. U-U.TO - Dividend Comparison

TLT's dividend yield for the trailing twelve months is around 4.56%, while U-U.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
U-U.TO Sprott Physical Uranium Trust Fund	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

Can I hold both TLT and U-U.TO in my portfolio?

TLT and U-U.TO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.