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TLT5.L vs. IBGL.MI
Performance
Return for Risk
Dividends
Drawdowns
Volatility

TLT5.L vs. IBGL.MI

Last updated Apr 1, 2026

Compare and contrast key facts about Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) and iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI).

TLT5.L and IBGL.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLT5.L is an actively managed fund by Leverage Shares. It was launched on May 15, 2023. IBGL.MI is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Government Bond 30 Year Term Index. It was launched on Dec 8, 2006.

Performance

TLT5.L vs. IBGL.MI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) and iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI). The values are adjusted to include any dividend payments, if applicable.

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TLT5.L vs. IBGL.MI - Yearly Performance Comparison

2026 (YTD)202520242023
TLT5.L
Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities		-10.87%-26.09%-59.61%21.31%
IBGL.MI
iShares € Govt Bond 15-30yr UCITS ETF EUR Dist		-1.65%6.65%-5.88%9.03%
Different Trading Currencies

TLT5.L is traded in USD, while IBGL.MI is traded in EUR. To make them comparable, the IBGL.MI values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TLT5.L achieves a -10.87% return, which is significantly lower than IBGL.MI's -1.65% return.

TLT5.L

1D
-0.76%
1M
-21.21%
YTD
-10.87%
6M
-21.42%
1Y
-38.65%
3Y*
—
5Y*
—
10Y*
—

IBGL.MI

1D
1.84%
1M
-6.08%
YTD
-1.65%
6M
-2.05%
1Y
6.95%
3Y*
1.87%
5Y*
-8.16%
10Y*
-1.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities

iShares € Govt Bond 15-30yr UCITS ETF EUR Dist

Often compared with TLT5.L:
TLT5.L vs. TLTTLT5.L vs. ^TYXTLT5.L vs. IEF5.LTLT5.L vs. TMFTLT5.L vs. 3NIE.LTLT5.L vs. 3QQQ.LTLT5.L vs. GLDI.L
Often compared with IBGL.MI:
IBGL.MI vs. TLTIBGL.MI vs. ZROZIBGL.MI vs. IWMO.MIIBGL.MI vs. CSSX5E.MIIBGL.MI vs. CSSPX.MIIBGL.MI vs. IUSA.MIIBGL.MI vs. CSNDX.MI

TLT5.L vs. IBGL.MI - Expense Ratio Comparison

TLT5.L has a 0.75% expense ratio, which is higher than IBGL.MI's 0.15% expense ratio.

TLT5.L
Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities
IBGL.MI
iShares € Govt Bond 15-30yr UCITS ETF EUR Dist

Return for Risk

TLT5.L vs. IBGL.MI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TLT5.L
TLT5.L Risk / Return Rank: 22
Overall Rank
TLT5.L Sharpe Ratio Rank: 22
Sharpe Ratio Rank
TLT5.L Sortino Ratio Rank: 33
Sortino Ratio Rank
TLT5.L Omega Ratio Rank: 33
Omega Ratio Rank
TLT5.L Calmar Ratio Rank: 11
Calmar Ratio Rank
TLT5.L Martin Ratio Rank: 33
Martin Ratio Rank
IBGL.MI
IBGL.MI Risk / Return Rank: 1111
Overall Rank
IBGL.MI Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
IBGL.MI Sortino Ratio Rank: 1010
Sortino Ratio Rank
IBGL.MI Omega Ratio Rank: 1010
Omega Ratio Rank
IBGL.MI Calmar Ratio Rank: 1212
Calmar Ratio Rank
IBGL.MI Martin Ratio Rank: 1212
Martin Ratio Rank
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.

TLT5.L vs. IBGL.MI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) and iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI). 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.

TLT5.LIBGL.MIDifference

Sharpe ratio

Return per unit of total volatility

-0.66

0.54

-1.20

Sortino ratio

Return per unit of downside risk

-0.71

0.85

-1.57

Omega ratio

Gain probability vs. loss probability

0.91

1.10

-0.19

Calmar ratio

Return relative to maximum drawdown

-0.85

0.85

-1.69

Martin ratio

Return relative to average drawdown

-1.10

2.12

-3.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TLT5.L vs. IBGL.MI - Sharpe Ratio Comparison

The current TLT5.L Sharpe Ratio is -0.66, which is lower than the IBGL.MI Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of TLT5.L and IBGL.MI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

TLT5.LIBGL.MIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.66

0.54

-1.20

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

-0.51

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

-0.14

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.37

0.15

-0.52

Correlation

The correlation between TLT5.L and IBGL.MI is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TLT5.L vs. IBGL.MI - Dividend Comparison

TLT5.L has not paid dividends to shareholders, while IBGL.MI's dividend yield for the trailing twelve months is around 3.53%.

TTM20252024202320222021202020192018201720162015
TLT5.L
Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IBGL.MI
iShares € Govt Bond 15-30yr UCITS ETF EUR Dist		3.53%3.53%3.18%2.66%1.32%0.53%0.74%1.27%1.50%1.35%1.48%1.83%

Drawdowns

TLT5.L vs. IBGL.MI - Drawdown Comparison

The maximum TLT5.L drawdown since its inception was -84.31%, which is greater than IBGL.MI's maximum drawdown of -52.35%. Use the drawdown chart below to compare losses from any high point for TLT5.L and IBGL.MI.

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Drawdown Indicators

TLT5.LIBGL.MIDifference

Max Drawdown

Largest peak-to-trough decline

-84.31%

-43.83%

-40.48%

Max Drawdown (1Y)

Largest decline over 1 year

-49.16%

-6.12%

-43.04%

Max Drawdown (5Y)

Largest decline over 5 years

—

-42.23%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.83%

—

Current Drawdown

Current decline from peak

-83.75%

-37.52%

-46.23%

Average Drawdown

Average peak-to-trough decline

-63.62%

-11.98%

-51.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

38.03%

2.96%

+35.07%

Volatility

TLT5.L vs. IBGL.MI - Volatility Comparison

Leverage Shares 5x Long 20+ Year Treasury Bond ETP Securities (TLT5.L) has a higher volatility of 17.12% compared to iShares € Govt Bond 15-30yr UCITS ETF EUR Dist (IBGL.MI) at 5.33%. This indicates that TLT5.L's price experiences larger fluctuations and is considered to be riskier than IBGL.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TLT5.LIBGL.MIDifference

Volatility (1M)

Calculated over the trailing 1-month period

17.12%

5.33%

+11.79%

Volatility (6M)

Calculated over the trailing 6-month period

32.39%

7.95%

+24.44%

Volatility (1Y)

Calculated over the trailing 1-year period

58.26%

12.90%

+45.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

88.12%

15.85%

+72.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

88.12%

13.75%

+74.37%