WTIP vs. TLT
WTIP (WisdomTree Inflation Plus Fund) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - WTIP is a Long-Short fund actively managed by WisdomTree, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. WTIP is actively managed, while TLT is passively managed. Over the past year, WTIP returned 18.95% vs 4.54% for TLT. At a correlation of -0.11, they often move in opposite directions. WTIP charges 0.65%/yr vs 0.15%/yr for TLT.
Performance
WTIP vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, WTIP achieves a 4.15% return, which is significantly higher than TLT's 2.15% return.
WTIP
- 1D
- -2.14%
- 1M
- -10.71%
- YTD
- 4.15%
- 6M
- 3.35%
- 1Y
- 18.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLT
- 1D
- 1.37%
- 1M
- 3.59%
- YTD
- 2.15%
- 6M
- 1.14%
- 1Y
- 4.54%
- 3Y*
- -1.45%
- 5Y*
- -6.14%
- 10Y*
- -1.61%
WTIP vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTIP WisdomTree Inflation Plus Fund | 4.15% | 13.49% |
TLT iShares 20+ Year Treasury Bond ETF | 2.15% | 3.40% |
Correlation
The correlation between WTIP and TLT is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | -0.11 |
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Return for Risk
WTIP vs. TLT — Risk / Return Rank
WTIP
TLT
WTIP vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Inflation Plus Fund (WTIP) 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.
| WTIP | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.60 | +0.55 |
| Martin ratioReturn relative to average drawdown | 5.29 | 1.43 | +3.86 |
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Drawdowns
WTIP vs. TLT - Drawdown Comparison
The maximum WTIP drawdown since its inception was -16.52%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for WTIP and TLT.
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Drawdown Indicators
| WTIP | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.52% | -48.35% | +31.83% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -7.58% | -8.94% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.18% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -16.52% | -38.99% | +22.47% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -13.87% | +11.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 3.19% | +0.40% |
Volatility
WTIP vs. TLT - Volatility Comparison
WisdomTree Inflation Plus Fund (WTIP) has a higher volatility of 10.20% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.49%. This indicates that WTIP'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
| WTIP | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 2.49% | +7.71% |
Volatility (6M)Calculated over the trailing 6-month period | 16.06% | 6.74% | +9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.26% | 9.57% | +7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 15.83% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 14.89% | +2.29% |
WTIP vs. TLT - Expense Ratio Comparison
WTIP has a 0.65% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
WTIP vs. TLT - Dividend Comparison
WTIP's dividend yield for the trailing twelve months is around 3.08%, less than TLT's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.48% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
WTIP WisdomTree Inflation Plus Fund | 3.08% | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WTIP and TLT have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTIP has higher volatility (10.20%) compared to TLT (2.49%). In terms of maximum drawdown, WTIP dropped -16.52% vs TLT's -48.35%.
On 1-year performance, WTIP leads with 18.95% vs 4.54% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WTIP has performed better with a 18.95% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.65% for WTIP.
TLT has the higher dividend yield at 4.48%, compared with 3.08% for WTIP.
WTIP is categorized as Long-Short, while TLT is Government Bonds. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.65% for WTIP and 0.15% for TLT.
WTIP currently has the higher Sharpe Ratio (1.10 vs 0.48), 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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