Correlation
The correlation between UTWY and TLT is 0.14, 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.
UTWY vs. TLT
Compare and contrast key facts about US Treasury 20 Year Bond ETF (UTWY) and iShares 20+ Year Treasury Bond ETF (TLT).
UTWY and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTWY is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current US Treasury (20 Y). 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 UTWY 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: UTWY or TLT.
Performance
UTWY vs. TLT - Performance Comparison
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Key characteristics
UTWY:
0.12
TLT:
0.00
UTWY:
0.22
TLT:
0.08
UTWY:
1.03
TLT:
1.01
UTWY:
0.10
TLT:
-0.00
UTWY:
0.18
TLT:
-0.02
UTWY:
6.50%
TLT:
8.40%
UTWY:
11.47%
TLT:
14.48%
UTWY:
-18.19%
TLT:
-48.35%
UTWY:
-9.32%
TLT:
-42.60%
Returns By Period
In the year-to-date period, UTWY achieves a 0.51% return, which is significantly higher than TLT's 0.19% return.
UTWY
0.51%
-2.17%
-4.02%
0.74%
N/A
N/A
N/A
TLT
0.19%
-2.72%
-6.21%
-0.62%
-6.30%
-9.59%
-0.69%
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UTWY vs. TLT - Expense Ratio Comparison
Both UTWY 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
UTWY vs. TLT — Risk-Adjusted Performance Rank
UTWY
TLT
UTWY vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 20 Year Bond ETF (UTWY) 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
UTWY vs. TLT - Dividend Comparison
UTWY's dividend yield for the trailing twelve months is around 4.59%, more than TLT's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTWY US Treasury 20 Year Bond ETF | 4.59% | 4.57% | 2.94% | 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 | 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
UTWY vs. TLT - Drawdown Comparison
The maximum UTWY drawdown since its inception was -18.19%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for UTWY and TLT.
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Volatility
UTWY vs. TLT - Volatility Comparison
The current volatility for US Treasury 20 Year Bond ETF (UTWY) is 2.99%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 3.55%. This indicates that UTWY 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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