XJR vs. TLT
XJR (iShares ESG Screened S&P Small-Cap ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - XJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Sustainability Screened Index, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 5 years, XJR returned 7.17%/yr vs -8.18%/yr for TLT. Their 0.06 correlation means their historical movements had little consistent relationship. XJR charges 0.12%/yr vs 0.15%/yr for TLT.
Performance
XJR vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, XJR achieves a 21.53% return, which is significantly higher than TLT's -3.49% return.
XJR
- 1D
- -0.12%
- 1M
- -0.71%
- 6M
- 15.81%
- YTD
- 21.53%
- 1Y
- 33.14%
- 3Y*
- 13.33%
- 5Y*
- 7.17%
- 10Y*
- —
- ALL TIME*
- 15.09%
TLT
- 1D
- -0.66%
- 1M
- -3.81%
- 6M
- -3.46%
- YTD
- -3.49%
- 1Y
- -2.45%
- 3Y*
- -1.80%
- 5Y*
- -8.18%
- 10Y*
- -2.38%
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.33B | $2.02B | $2.19B | |
| $397.40K | $346.04K | $432.61K |
XJR vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XJR iShares ESG Screened S&P Small-Cap ETF | 21.53% | 4.73% | 9.59% | 16.39% | -17.30% | 24.96% | 35.61% |
TLT iShares 20+ Year Treasury Bond ETF | -3.49% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | -3.71% |
Correlation
The correlation between XJR and TLT is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.06 |
Over the past year, XJR and TLT have become more correlated (0.32) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
XJR vs. TLT — Risk / Return Rank
XJR
TLT
XJR vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Screened S&P Small-Cap ETF (XJR) 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.
| XJR | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.99 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | -0.14 | +3.46 |
| Martin ratioReturn relative to average drawdown | 10.84 | -0.30 | +11.14 |
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Drawdowns
XJR vs. TLT - Drawdown Comparison
The maximum XJR drawdown since its inception was -27.14%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for XJR and TLT.
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Drawdown Indicators
| XJR | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.14% | -48.35% | +21.21% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -7.74% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -14.79% | -12.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.14% | -43.70% | +16.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -2.18% | -42.36% | +40.18% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -13.99% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.57% | -0.68% |
Volatility
XJR vs. TLT - Volatility Comparison
iShares ESG Screened S&P Small-Cap ETF (XJR) has a higher volatility of 3.74% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.46%. This indicates that XJR'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
| XJR | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 2.46% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 6.85% | +5.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 9.32% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.30% | 15.74% | +5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.57% | 14.83% | +6.74% |
XJR vs. TLT - Expense Ratio Comparison
XJR has a 0.12% expense ratio, which is lower than TLT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XJR vs. TLT - Dividend Comparison
XJR's dividend yield for the trailing twelve months is around 0.94%, 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 | 4.34% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
XJR iShares ESG Screened S&P Small-Cap ETF | 0.94% | 1.14% | 1.96% | 0.92% | 1.29% | 2.00% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XJR and TLT have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XJR has higher volatility (3.74%) compared to TLT (2.46%). In terms of maximum drawdown, XJR dropped -27.14% vs TLT's -48.35%.
On 5-year performance, XJR leads with 7.17% vs -8.18% for TLT. On fees, XJR is cheaper at 0.12% per year. On volatility, TLT has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, XJR has performed better with a 7.17% return vs -8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XJR is cheaper with a 0.12% expense ratio, compared with 0.15% for TLT.
TLT has the higher dividend yield at 4.34%, compared with 0.94% for XJR.
XJR is categorized as Small Cap Blend Equities, while TLT is Government Bonds. XJR tracks S&P SmallCap 600 Sustainability Screened Index, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.12% for XJR and 0.15% for TLT.
XJR currently has the higher Sharpe Ratio (1.77 vs -0.11), 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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