XT vs. TLT
XT (iShares Future Exponential Technologies ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - XT is a Technology Equities fund tracking the Morningstar Exponential Technologies Index (Net), while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. Both are passively managed. Over the past 10 years, XT returned 14.70%/yr vs -1.66%/yr for TLT. At a correlation of -0.07, they often move in opposite directions. XT charges 0.46%/yr vs 0.15%/yr for TLT.
Performance
XT vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, XT achieves a 20.20% return, which is significantly higher than TLT's -0.27% return. Over the past 10 years, XT has outperformed TLT with an annualized return of 14.70%, while TLT has yielded a comparatively lower -1.66% annualized return.
XT
- 1D
- -0.47%
- 1M
- 9.47%
- YTD
- 20.20%
- 6M
- 20.54%
- 1Y
- 45.88%
- 3Y*
- 18.83%
- 5Y*
- 8.42%
- 10Y*
- 14.70%
TLT
- 1D
- -0.40%
- 1M
- 0.81%
- YTD
- -0.27%
- 6M
- -2.02%
- 1Y
- 4.93%
- 3Y*
- -1.80%
- 5Y*
- -6.31%
- 10Y*
- -1.66%
XT vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XT iShares Future Exponential Technologies ETF | 20.20% | 26.28% | 0.29% | 27.02% | -27.83% | 16.43% | 35.10% | 30.74% | -4.93% | 33.71% |
TLT iShares 20+ Year Treasury Bond ETF | -0.27% | 4.25% | -8.05% | 2.77% | -31.23% | -4.60% | 18.15% | 14.12% | -1.61% | 9.18% |
Correlation
The correlation between XT and TLT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2015 | -0.07 |
The correlation between XT and TLT shifts across timeframes, from -0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XT vs. TLT — Risk / Return Rank
XT
TLT
XT vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Exponential Technologies ETF (XT) 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.
| XT | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.09 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 0.65 | +3.76 |
| Martin ratioReturn relative to average drawdown | 18.51 | 1.63 | +16.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XT | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 0.51 | +2.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.40 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | -0.11 | +0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.26 | +0.40 |
Drawdowns
XT vs. TLT - Drawdown Comparison
The maximum XT drawdown since its inception was -34.41%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for XT and TLT.
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Drawdown Indicators
| XT | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.41% | -48.35% | +13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.45% | -7.58% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -22.09% | -19.18% | -2.91% |
Max Drawdown (5Y)Largest decline over 5 years | -34.41% | -43.70% | +9.29% |
Max Drawdown (10Y)Largest decline over 10 years | -34.41% | -48.35% | +13.94% |
Current DrawdownCurrent decline from peak | -0.47% | -40.44% | +39.97% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -13.82% | +6.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.04% | -0.55% |
Volatility
XT vs. TLT - Volatility Comparison
iShares Future Exponential Technologies ETF (XT) has a higher volatility of 4.85% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.76%. This indicates that XT'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
| XT | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 2.76% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 6.50% | +5.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 9.77% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.76% | 15.87% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 14.91% | +5.17% |
XT vs. TLT - Expense Ratio Comparison
XT has a 0.46% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
XT vs. TLT - Dividend Comparison
XT's dividend yield for the trailing twelve months is around 6.61%, more than TLT's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLT iShares 20+ Year Treasury Bond ETF | 4.59% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
XT iShares Future Exponential Technologies ETF | 6.61% | 7.95% | 0.66% | 0.41% | 0.78% | 0.84% | 0.77% | 1.55% | 1.40% | 0.97% | 1.37% | 1.34% |
Frequently Asked Questions
XT and TLT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XT has higher volatility (4.85%) compared to TLT (2.76%). In terms of maximum drawdown, XT dropped -34.41% vs TLT's -48.35%.
On 10-year performance, XT leads with 14.70% vs -1.66% for TLT. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, XT has performed better with a 14.70% return vs -1.66%. 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 0.46% for XT.
XT has the higher dividend yield at 6.61%, compared with 4.59% for TLT.
XT is categorized as Technology Equities, while TLT is Government Bonds. XT tracks Morningstar Exponential Technologies Index (Net), while TLT tracks ICE U.S. Treasury 20+ Year Bond Index. Their fees differ too: 0.46% for XT and 0.15% for TLT.
XT currently has the higher Sharpe Ratio (2.89 vs 0.51), 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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