TLTI.L vs. TLT

Last updated Apr 1, 2026

Compare and contrast key facts about IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and iShares 20+ Year Treasury Bond ETF (TLT).

TLTI.L and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLTI.L is an actively managed fund by Leverage Shares. It was launched on Jun 27, 2025. TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.

Performance

TLTI.L vs. TLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and iShares 20+ Year Treasury Bond ETF (TLT). The values are adjusted to include any dividend payments, if applicable.

TLTI.L vs. TLT - Yearly Performance Comparison

	2026 (YTD)	2025
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	-0.94%	-0.47%
TLT iShares 20+ Year Treasury Bond ETF	0.17%	1.35%

Returns By Period

In the year-to-date period, TLTI.L achieves a -0.94% return, which is significantly lower than TLT's 0.17% return.

TLTI.L

• 1D: -0.19%
• 1M: -2.68%
• YTD: -0.94%
• 6M: -4.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLT

• 1D: -0.10%
• 1M: -4.23%
• YTD: 0.17%
• 6M: -0.87%
• 1Y: -0.49%
• 3Y*: -2.78%
• 5Y*: -5.85%
• 10Y*: -1.38%

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

TLTI.L vs. TLT - Expense Ratio Comparison

TLTI.L has a 0.55% expense ratio, which is higher than TLT's 0.15% expense ratio.

TLTI.L

IncomeShares 20+ Year Treasury (TLT) Options ETP

TLT

iShares 20+ Year Treasury Bond ETF

Return for Risk

TLTI.L vs. TLT — Risk / Return Rank

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

TLT

TLT Risk / Return Rank: 12
TLT Sharpe Ratio Rank: 11
TLT Sortino Ratio Rank: 10
TLT Omega Ratio Rank: 10
TLT Calmar Ratio Rank: 14
TLT Martin Ratio Rank: 13

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.

TLTI.L vs. TLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L) and iShares 20+ Year Treasury Bond ETF (TLT). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TLTI.L	TLT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.04	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.18	0.26	-0.44

Correlation

The correlation between TLTI.L and TLT is 0.49, 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

TLTI.L vs. TLT - Dividend Comparison

TLTI.L's dividend yield for the trailing twelve months is around 0.06%, less than TLT's 4.49% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	0.06%	0.02%	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	4.49%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%

Drawdowns

TLTI.L vs. TLT - Drawdown Comparison

The maximum TLTI.L drawdown since its inception was -10.31%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TLTI.L and TLT.

Drawdown Indicators

	TLTI.L	TLT	Difference
Max Drawdown Largest peak-to-trough decline	-10.31%	-48.35%	+38.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.23%	—
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	-6.99%	-40.17%	+33.18%
Average Drawdown Average peak-to-trough decline	-3.88%	-13.62%	+9.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.38%	—

Volatility

Volatility by Period

	TLTI.L	TLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	11.44%	-1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.40%	15.90%	-5.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.40%	14.93%	-4.53%