VINEX vs. TLT
VINEX (Vanguard International Explorer Fund) and TLT (iShares 20+ Year Treasury Bond ETF) are both funds - VINEX is a Foreign Small & Mid Cap Equities fund managed by Vanguard, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Over the past 10 years, VINEX returned 6.55%/yr vs -2.33%/yr for TLT. Their -0.15 correlation means they have often moved in opposite directions in the past. VINEX charges 0.40%/yr vs 0.15%/yr for TLT.
Performance
VINEX vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, VINEX achieves a 10.44% return, which is significantly higher than TLT's -3.18% return. Over the past 10 years, VINEX has outperformed TLT with an annualized return of 6.55%, while TLT has yielded a comparatively lower -2.33% annualized return.
VINEX
- 1D
- -0.80%
- 1M
- 0.63%
- 6M
- 4.37%
- YTD
- 10.44%
- 1Y
- 18.61%
- 3Y*
- 13.16%
- 5Y*
- 3.12%
- 10Y*
- 6.55%
- ALL TIME*
- 8.25%
TLT
- 1D
- 0.33%
- 1M
- -3.49%
- 6M
- -2.86%
- YTD
- -3.18%
- 1Y
- -2.12%
- 3Y*
- -1.15%
- 5Y*
- -8.33%
- 10Y*
- -2.33%
- ALL TIME*
- 3.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.39B | $2.06B | $2.20B | |
| $0.00 | $0.00 | $0.00 |
VINEX vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VINEX Vanguard International Explorer Fund | 10.44% | 27.98% | 0.11% | 15.26% | -27.56% | 9.52% | 15.07% | 21.90% | -23.02% | 35.92% |
TLT iShares 20+ Year Treasury Bond ETF | -3.18% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between VINEX and TLT is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | -0.15 |
The correlation between VINEX and TLT shifts across timeframes, from -0.15 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VINEX vs. TLT — Risk / Return Rank
VINEX
TLT
VINEX vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard International Explorer Fund (VINEX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VINEX | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.97 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.28 | +1.84 |
| Martin ratioReturn relative to average drawdown | 5.81 | -0.59 | +6.40 |
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Drawdowns
VINEX vs. TLT - Drawdown Comparison
The maximum VINEX drawdown since its inception was -62.16%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for VINEX and TLT.
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Drawdown Indicators
| VINEX | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.16% | -48.35% | -13.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.32% | -7.74% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -15.64% | -14.79% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -42.24% | -43.70% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | -48.35% | +2.89% |
Current DrawdownCurrent decline from peak | -0.94% | -42.17% | +41.23% |
Average DrawdownAverage peak-to-trough decline | -17.14% | -14.00% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 3.60% | -0.28% |
Volatility
VINEX vs. TLT - Volatility Comparison
Vanguard International Explorer Fund (VINEX) has a higher volatility of 4.78% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that VINEX's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VINEX | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 2.51% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 6.84% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.62% | 9.24% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 15.74% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 14.83% | +2.15% |
VINEX vs. TLT - Expense Ratio Comparison
VINEX has a 0.40% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
VINEX vs. TLT - Dividend Comparison
VINEX's dividend yield for the trailing twelve months is around 3.79%, less than TLT's 4.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.75% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
VINEX Vanguard International Explorer Fund | 3.79% | 4.19% | 4.17% | 2.47% | 1.74% | 4.80% | 1.06% | 2.51% | 8.75% | 4.22% | 1.95% | 5.45% |
Frequently Asked Questions
VINEX and TLT have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VINEX has higher volatility (4.78%) compared to TLT (2.51%). In terms of maximum drawdown, VINEX dropped -62.16% vs TLT's -48.35%.
VINEX currently has the higher Sharpe Ratio (1.24 vs -0.23), 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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