USCL vs. TLT
USCL (Ishares Climate Conscious & Transition MSCI USA ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - USCL is a Large Cap Blend Equities fund tracking the MSCI USA Extended Climate Action Index - Benchmark TR Gross, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past year, USCL returned 20.82% vs 4.93% for TLT. At a 0.18 correlation, their price movements are largely independent. USCL charges 0.08%/yr vs 0.15%/yr for TLT.
Performance
USCL vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, USCL achieves a 7.04% return, which is significantly higher than TLT's -0.27% return.
USCL
- 1D
- -0.85%
- 1M
- 4.29%
- YTD
- 7.04%
- 6M
- 6.94%
- 1Y
- 20.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- -0.40%
- 1M
- 0.81%
- YTD
- -0.27%
- 6M
- -2.02%
- 1Y
- 4.93%
- 3Y*
- -1.80%
- 5Y*
- -6.31%
- 10Y*
- -1.66%
USCL vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
USCL Ishares Climate Conscious & Transition MSCI USA ETF | 7.04% | 14.26% | 27.04% | 12.71% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | -1.02% |
Correlation
The correlation between USCL and TLT is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2023 | 0.18 |
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Return for Risk
USCL vs. TLT — Risk / Return Rank
USCL
TLT
USCL vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Climate Conscious & Transition MSCI USA ETF (USCL) 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.
| USCL | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 0.65 | +1.39 |
| Martin ratioReturn relative to average drawdown | 8.09 | 1.63 | +6.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USCL | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 0.51 | +1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.26 | +1.15 |
Drawdowns
USCL vs. TLT - Drawdown Comparison
The maximum USCL drawdown since its inception was -19.00%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for USCL and TLT.
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Drawdown Indicators
| USCL | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.00% | -48.35% | +29.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -7.58% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -0.85% | -40.44% | +39.59% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -13.82% | +11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.04% | -0.46% |
Volatility
USCL vs. TLT - Volatility Comparison
Ishares Climate Conscious & Transition MSCI USA ETF (USCL) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 2.79% and 2.76%, 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.
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Volatility by Period
| USCL | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.76% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 9.04% | 6.50% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 9.77% | +2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 15.87% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 14.91% | -0.07% |
USCL vs. TLT - Expense Ratio Comparison
USCL has a 0.08% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USCL vs. TLT - Dividend Comparison
USCL's dividend yield for the trailing twelve months is around 1.07%, less than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.59% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
USCL Ishares Climate Conscious & Transition MSCI USA ETF | 1.07% | 1.10% | 1.18% | 0.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USCL and TLT have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USCL has higher volatility (2.79%) compared to TLT (2.76%). In terms of maximum drawdown, USCL dropped -19.00% vs TLT's -48.35%.
On 1-year performance, USCL leads with 20.82% vs 4.93% for TLT. On fees, USCL is cheaper at 0.08% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USCL has performed better with a 20.82% return vs 4.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USCL is cheaper with a 0.08% expense ratio, compared with 0.15% for TLT.
TLT has the higher dividend yield at 4.59%, compared with 1.07% for USCL.
USCL is categorized as Large Cap Blend Equities, while TLT is Government Bonds. USCL tracks MSCI USA Extended Climate Action Index - Benchmark TR Gross, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.08% for USCL and 0.15% for TLT.
USCL currently has the higher Sharpe Ratio (1.73 vs 0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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