TLTW vs. MA
Compare and contrast key facts about iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and Mastercard Inc (MA).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TLTW or MA.
Key characteristics
| TLTW | MA | |
|---|---|---|
| YTD Return | 0.68% | 21.14% |
| 1Y Return | 8.40% | 37.28% |
| Sharpe Ratio | 0.83 | 2.56 |
| Sortino Ratio | 1.15 | 3.30 |
| Omega Ratio | 1.15 | 1.47 |
| Calmar Ratio | 0.47 | 3.27 |
| Martin Ratio | 2.61 | 8.18 |
| Ulcer Index | 3.14% | 4.73% |
| Daily Std Dev | 9.85% | 15.11% |
| Max Drawdown | -18.60% | -62.67% |
| Current Drawdown | -10.60% | -0.51% |
Correlation
The correlation between TLTW and MA is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TLTW vs. MA - Performance Comparison
In the year-to-date period, TLTW achieves a 0.68% return, which is significantly lower than MA's 21.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
TLTW vs. MA - 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 Mastercard Inc (MA). 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. MA - Dividend Comparison
TLTW's dividend yield for the trailing twelve months is around 15.56%, more than MA's 0.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.56% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MA Mastercard Inc | 0.51% | 0.53% | 0.56% | 0.49% | 0.45% | 0.44% | 0.53% | 0.58% | 0.74% | 0.66% | 0.51% | 0.25% |
Drawdowns
TLTW vs. MA - Drawdown Comparison
The maximum TLTW drawdown since its inception was -18.60%, smaller than the maximum MA drawdown of -62.67%. Use the drawdown chart below to compare losses from any high point for TLTW and MA. For additional features, visit the drawdowns tool.
Volatility
TLTW vs. MA - Volatility Comparison
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and Mastercard Inc (MA) have volatilities of 3.26% and 3.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.