TLT vs. VVSM.DE
TLT (iShares 20+ Year Treasury Bond ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, TLT returned -6.70%/yr vs 35.05%/yr for VVSM.DE. At a 0.02 correlation, their price movements are largely independent. TLT charges 0.15%/yr vs 0.35%/yr for VVSM.DE.
Performance
TLT vs. VVSM.DE - Performance Comparison
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Different Trading Currencies
TLT is traded in USD, while VVSM.DE is traded in EUR. To make them comparable, the VVSM.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TLT achieves a -0.49% return, which is significantly lower than VVSM.DE's 71.32% return.
TLT
- 1D
- 0.59%
- 1M
- -0.73%
- YTD
- -0.49%
- 6M
- -1.03%
- 1Y
- 4.17%
- 3Y*
- -1.86%
- 5Y*
- -6.70%
- 10Y*
- -1.79%
VVSM.DE
- 1D
- -3.42%
- 1M
- 5.13%
- YTD
- 71.32%
- 6M
- 69.76%
- 1Y
- 145.93%
- 3Y*
- 56.71%
- 5Y*
- 35.05%
- 10Y*
- —
TLT vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | -0.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | -1.23% |
VVSM.DE VanEck Semiconductor UCITS ETF | 71.32% | 50.40% | 23.95% | 75.57% | -36.50% | 45.89% | -14.19% |
Correlation
The correlation between TLT and VVSM.DE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.02 |
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Return for Risk
TLT vs. VVSM.DE — Risk / Return Rank
TLT
VVSM.DE
TLT vs. VVSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond ETF (TLT) and VanEck Semiconductor UCITS ETF (VVSM.DE). 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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.59 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 10.36 | -9.81 |
| Martin ratioReturn relative to average drawdown | 1.35 | 37.27 | -35.93 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.44 | 4.38 | -3.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.42 | 1.07 | -1.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.93 | -0.68 |
Drawdowns
TLT vs. VVSM.DE - Drawdown Comparison
The maximum TLT drawdown since its inception was -48.35%, which is greater than VVSM.DE's maximum drawdown of -45.83%. Use the drawdown chart below to compare losses from any high point for TLT and VVSM.DE.
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Drawdown Indicators
| TLT | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.35% | -45.83% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -7.58% | -14.00% | +6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.18% | -36.86% | +17.68% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -45.83% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -48.35% | — | — |
Current DrawdownCurrent decline from peak | -40.57% | -9.30% | -31.27% |
Average DrawdownAverage peak-to-trough decline | -13.83% | -11.72% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 3.90% | -0.80% |
Volatility
TLT vs. VVSM.DE - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond ETF (TLT) is 2.67%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 13.95%. This indicates that TLT experiences smaller price fluctuations and is considered to be less risky than VVSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLT | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 13.95% | -11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 6.52% | 26.36% | -19.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.60% | 33.14% | -23.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.85% | 32.47% | -16.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.91% | 32.93% | -18.02% |
TLT vs. VVSM.DE - Expense Ratio Comparison
TLT has a 0.15% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
TLT vs. VVSM.DE - Dividend Comparison
TLT's dividend yield for the trailing twelve months is around 4.60%, while VVSM.DE 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 | 4.60% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
VVSM.DE VanEck Semiconductor UCITS ETF | 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
TLT and VVSM.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLT is cheaper with a 0.15% expense ratio, compared with 0.35% for VVSM.DE.
TLT is categorized as Government Bonds, while VVSM.DE is Semiconductors. TLT tracks ICE U.S. Treasury 20+ Year Bond Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.15% for TLT and 0.35% for VVSM.DE.
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