USTY.L vs. TLTW
Compare and contrast key facts about SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
USTY.L and TLTW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USTY.L is a passively managed fund by State Street that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jun 3, 2011. 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. Both USTY.L and TLTW 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: USTY.L or TLTW.
Key characteristics
| USTY.L | TLTW | |
|---|---|---|
| YTD Return | -0.98% | 1.02% |
| 1Y Return | -0.42% | 4.93% |
| Sharpe Ratio | 0.05 | 0.51 |
| Sortino Ratio | 0.12 | 0.73 |
| Omega Ratio | 1.01 | 1.10 |
| Calmar Ratio | 0.01 | 0.30 |
| Martin Ratio | 0.16 | 1.56 |
| Ulcer Index | 1.98% | 3.35% |
| Daily Std Dev | 6.52% | 10.26% |
| Max Drawdown | -23.03% | -18.59% |
| Current Drawdown | -19.75% | -10.30% |
Correlation
The correlation between USTY.L and TLTW is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
USTY.L vs. TLTW - Performance Comparison
In the year-to-date period, USTY.L achieves a -0.98% return, which is significantly lower than TLTW's 1.02% 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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USTY.L vs. TLTW - Expense Ratio Comparison
USTY.L has a 0.15% expense ratio, which is lower than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
USTY.L vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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
USTY.L vs. TLTW - Dividend Comparison
USTY.L's dividend yield for the trailing twelve months is around 1.84%, less than TLTW's 15.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 1.84% | 2.81% | 1.56% | 1.31% | 2.49% | 2.78% | 1.22% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.07% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USTY.L vs. TLTW - Drawdown Comparison
The maximum USTY.L drawdown since its inception was -23.03%, which is greater than TLTW's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for USTY.L and TLTW. For additional features, visit the drawdowns tool.
Volatility
USTY.L vs. TLTW - Volatility Comparison
The current volatility for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) is 1.84%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 4.52%. This indicates that USTY.L experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.