UTHY vs. TLT
Compare and contrast key facts about US Treasury 30 Year Bond ETF (UTHY) and iShares 20+ Year Treasury Bond ETF (TLT).
UTHY and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTHY is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 30-Year US Treasury Index - Benchmark TR Gross. It was launched on Mar 27, 2023. 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 UTHY 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: UTHY or TLT.
Key characteristics
| UTHY | TLT | |
|---|---|---|
| YTD Return | 3.03% | 3.41% |
| 1Y Return | 10.92% | 11.62% |
| Sharpe Ratio | 0.63 | 0.65 |
| Daily Std Dev | 16.18% | 16.74% |
| Max Drawdown | -21.86% | -48.35% |
| Current Drawdown | -3.74% | -35.57% |
Correlation
The correlation between UTHY and TLT is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UTHY vs. TLT - Performance Comparison
In the year-to-date period, UTHY achieves a 3.03% return, which is significantly lower than TLT's 3.41% 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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UTHY vs. TLT - Expense Ratio Comparison
Both UTHY and TLT have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
UTHY vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 30 Year Bond ETF (UTHY) 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
UTHY vs. TLT - Dividend Comparison
UTHY's dividend yield for the trailing twelve months is around 4.02%, more than TLT's 3.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTHY US Treasury 30 Year Bond ETF | 4.02% | 2.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.63% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
UTHY vs. TLT - Drawdown Comparison
The maximum UTHY drawdown since its inception was -21.86%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for UTHY and TLT. For additional features, visit the drawdowns tool.
Volatility
UTHY vs. TLT - Volatility Comparison
US Treasury 30 Year Bond ETF (UTHY) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 3.38% and 3.46%, 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.