TTT vs. TLT
Compare and contrast key facts about UltraPro Short 20+ Year Treasury (TTT) and iShares 20+ Year Treasury Bond ETF (TLT).
TTT and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both TTT and TLT 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: TTT or TLT.
Key characteristics
| TTT | TLT | |
|---|---|---|
| YTD Return | 26.33% | -6.14% |
| 1Y Return | -4.42% | 4.03% |
| 3Y Return (Ann) | 40.76% | -12.58% |
| 5Y Return (Ann) | 7.09% | -5.92% |
| 10Y Return (Ann) | -7.62% | -0.37% |
| Sharpe Ratio | -0.25 | 0.43 |
| Sortino Ratio | -0.07 | 0.70 |
| Omega Ratio | 0.99 | 1.08 |
| Calmar Ratio | -0.13 | 0.14 |
| Martin Ratio | -0.56 | 1.05 |
| Ulcer Index | 20.01% | 6.10% |
| Daily Std Dev | 44.44% | 15.01% |
| Max Drawdown | -94.00% | -48.35% |
| Current Drawdown | -78.47% | -41.52% |
Correlation
The correlation between TTT and TLT is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TTT vs. TLT - Performance Comparison
In the year-to-date period, TTT achieves a 26.33% return, which is significantly higher than TLT's -6.14% return. Over the past 10 years, TTT has underperformed TLT with an annualized return of -7.62%, while TLT has yielded a comparatively higher -0.37% annualized 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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TTT vs. TLT - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
TTT vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
Dividends
TTT vs. TLT - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 11.85%, more than TLT's 4.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 11.85% | 15.40% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.10% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
TTT vs. TLT - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for TTT and TLT. For additional features, visit the drawdowns tool.
Volatility
TTT vs. TLT - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 14.62% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 5.07%. This indicates that TTT's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.