TULB.TO vs. XTLT.TO
TULB.TO (TD U.S. Long Term Treasury Bond ETF) and XTLT.TO (iShares 20+ Year U.S. Treasury Bond Index ETF) are both Government Bonds funds. TULB.TO is actively managed, while XTLT.TO is passively managed. Over the past 3 years, TULB.TO returned 0.37%/yr vs -1.00%/yr for XTLT.TO. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
TULB.TO vs. XTLT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TULB.TO achieves a 1.32% return, which is significantly higher than XTLT.TO's 1.14% return.
TULB.TO
- 1D
- 0.01%
- 1M
- -0.69%
- 6M
- -1.01%
- YTD
- 1.32%
- 1Y
- 6.29%
- 3Y*
- 0.37%
- 5Y*
- -4.35%
- 10Y*
- —
XTLT.TO
- 1D
- 0.03%
- 1M
- -0.92%
- 6M
- -1.33%
- YTD
- 1.14%
- 1Y
- 4.78%
- 3Y*
- -1.00%
- 5Y*
- —
- 10Y*
- —
TULB.TO vs. XTLT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TULB.TO TD U.S. Long Term Treasury Bond ETF | 1.32% | 0.01% | -0.66% | -0.54% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 1.14% | -1.66% | -2.55% | -2.78% |
Correlation
The correlation between TULB.TO and XTLT.TO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2023 | 0.67 |
The correlation between TULB.TO and XTLT.TO has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
TULB.TO vs. XTLT.TO — Risk / Return Rank
TULB.TO
XTLT.TO
TULB.TO vs. XTLT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TD U.S. Long Term Treasury Bond ETF (TULB.TO) and iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TULB.TO | XTLT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.47 | +0.27 |
| Martin ratioReturn relative to average drawdown | 1.58 | 0.95 | +0.62 |
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Drawdowns
TULB.TO vs. XTLT.TO - Drawdown Comparison
The maximum TULB.TO drawdown since its inception was -44.56%, which is greater than XTLT.TO's maximum drawdown of -21.04%. Use the drawdown chart below to compare losses from any high point for TULB.TO and XTLT.TO.
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Drawdown Indicators
| TULB.TO | XTLT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -21.04% | -23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -10.26% | +1.75% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -15.30% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -34.06% | — | — |
Current DrawdownCurrent decline from peak | -35.90% | -10.92% | -24.98% |
Average DrawdownAverage peak-to-trough decline | -30.44% | -9.46% | -20.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 5.03% | -1.03% |
Volatility
TULB.TO vs. XTLT.TO - Volatility Comparison
The current volatility for TD U.S. Long Term Treasury Bond ETF (TULB.TO) is 2.78%, while iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) has a volatility of 3.18%. This indicates that TULB.TO experiences smaller price fluctuations and is considered to be less risky than XTLT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TULB.TO | XTLT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 3.18% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.00% | 7.52% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.35% | 10.21% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.09% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 14.09% | +2.68% |
Dividends
TULB.TO vs. XTLT.TO - Dividend Comparison
TULB.TO's dividend yield for the trailing twelve months is around 4.61%, less than XTLT.TO's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TULB.TO TD U.S. Long Term Treasury Bond ETF | 4.61% | 4.54% | 1.99% | 3.37% | 1.04% | 0.21% |
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 5.16% | 4.63% | 4.21% | 2.85% | 0.00% | 0.00% |
Frequently Asked Questions
TULB.TO and XTLT.TO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: TD and iShares.
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