TLTW vs. LQDW
Compare and contrast key facts about iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW).
TLTW and LQDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022. LQDW is a passively managed fund by iShares that tracks the performance of the CBOE LQD BuyWrite Index. It was launched on Aug 18, 2022. Both TLTW and LQDW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLTW or LQDW.
Correlation
The correlation between TLTW and LQDW is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TLTW vs. LQDW - Performance Comparison
Key characteristics
TLTW:
0.71
LQDW:
0.97
TLTW:
1.01
LQDW:
1.34
TLTW:
1.13
LQDW:
1.19
TLTW:
0.41
LQDW:
0.82
TLTW:
1.44
LQDW:
2.88
TLTW:
5.04%
LQDW:
1.49%
TLTW:
10.16%
LQDW:
4.41%
TLTW:
-18.59%
LQDW:
-9.20%
TLTW:
-7.53%
LQDW:
-0.57%
Returns By Period
In the year-to-date period, TLTW achieves a 6.47% return, which is significantly higher than LQDW's 2.60% return.
TLTW
6.47%
2.18%
0.39%
6.60%
N/A
N/A
LQDW
2.60%
0.19%
0.56%
4.08%
N/A
N/A
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TLTW vs. LQDW - Expense Ratio Comparison
TLTW has a 0.35% expense ratio, which is higher than LQDW's 0.34% expense ratio.
Risk-Adjusted Performance
TLTW vs. LQDW — Risk-Adjusted Performance Rank
TLTW
LQDW
TLTW vs. LQDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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.
Dividends
TLTW vs. LQDW - Dividend Comparison
TLTW's dividend yield for the trailing twelve months is around 14.77%, less than LQDW's 15.30% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 14.77% | 14.47% | 19.59% | 8.71% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 15.30% | 15.74% | 19.28% | 8.85% |
Drawdowns
TLTW vs. LQDW - Drawdown Comparison
The maximum TLTW drawdown since its inception was -18.59%, which is greater than LQDW's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for TLTW and LQDW. For additional features, visit the drawdowns tool.
Volatility
TLTW vs. LQDW - Volatility Comparison
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a higher volatility of 2.10% compared to iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) at 0.97%. This indicates that TLTW's price experiences larger fluctuations and is considered to be riskier than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.