TLTW vs. VOO
Compare and contrast key facts about iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and Vanguard S&P 500 ETF (VOO).
TLTW and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both TLTW and VOO 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 VOO.
Correlation
The correlation between TLTW and VOO is 0.18, 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. VOO - Performance Comparison
Key characteristics
TLTW:
0.78
VOO:
0.54
TLTW:
1.08
VOO:
0.88
TLTW:
1.14
VOO:
1.13
TLTW:
0.47
VOO:
0.55
TLTW:
1.57
VOO:
2.27
TLTW:
5.20%
VOO:
4.55%
TLTW:
10.51%
VOO:
19.19%
TLTW:
-18.59%
VOO:
-33.99%
TLTW:
-9.76%
VOO:
-9.90%
Returns By Period
In the year-to-date period, TLTW achieves a 3.90% return, which is significantly higher than VOO's -5.74% return.
TLTW
3.90%
0.69%
1.06%
8.79%
N/A
N/A
VOO
-5.74%
-2.90%
-4.28%
9.78%
15.72%
12.12%
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TLTW vs. VOO - Expense Ratio Comparison
TLTW has a 0.35% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
TLTW vs. VOO — Risk-Adjusted Performance Rank
TLTW
VOO
TLTW vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
TLTW's dividend yield for the trailing twelve months is around 15.13%, more than VOO's 1.38% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.13% | 14.47% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
TLTW vs. VOO - Drawdown Comparison
The maximum TLTW drawdown since its inception was -18.59%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TLTW and VOO. For additional features, visit the drawdowns tool.
Volatility
TLTW vs. VOO - Volatility Comparison
The current volatility for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is 4.82%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.96%. This indicates that TLTW experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.