UTWO vs. TLT
Compare and contrast key facts about US Treasury 2 Year Note ETF (UTWO) and iShares 20+ Year Treasury Bond ETF (TLT).
UTWO and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTWO is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 2 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. 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 UTWO 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: UTWO or TLT.
Correlation
The correlation between UTWO and TLT is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UTWO vs. TLT - Performance Comparison
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Key characteristics
UTWO:
2.98
TLT:
-0.02
UTWO:
4.77
TLT:
0.06
UTWO:
1.62
TLT:
1.01
UTWO:
4.80
TLT:
-0.01
UTWO:
12.85
TLT:
-0.05
UTWO:
0.40%
TLT:
7.85%
UTWO:
1.75%
TLT:
14.47%
UTWO:
-2.04%
TLT:
-48.35%
UTWO:
-0.67%
TLT:
-42.63%
Returns By Period
In the year-to-date period, UTWO achieves a 1.69% return, which is significantly higher than TLT's 0.14% return.
UTWO
1.69%
0.16%
2.33%
5.18%
N/A
N/A
TLT
0.14%
-0.38%
-4.28%
-0.30%
-9.84%
-0.86%
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UTWO vs. TLT - Expense Ratio Comparison
Both UTWO 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
UTWO vs. TLT — Risk-Adjusted Performance Rank
UTWO
TLT
UTWO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 2 Year Note ETF (UTWO) 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.
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Dividends
UTWO vs. TLT - Dividend Comparison
UTWO's dividend yield for the trailing twelve months is around 4.10%, less than TLT's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTWO US Treasury 2 Year Note ETF | 4.10% | 4.22% | 4.39% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.39% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
UTWO vs. TLT - Drawdown Comparison
The maximum UTWO drawdown since its inception was -2.04%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for UTWO and TLT. For additional features, visit the drawdowns tool.
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Volatility
UTWO vs. TLT - Volatility Comparison
The current volatility for US Treasury 2 Year Note ETF (UTWO) is 0.64%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.83%. This indicates that UTWO experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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