XTLT.TO vs. TLT
Compare and contrast key facts about iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
XTLT.TO and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTLT.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Core Bd GR CAD. It was launched on Feb 7, 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 XTLT.TO 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: XTLT.TO or TLT.
Key characteristics
| XTLT.TO | TLT | |
|---|---|---|
| YTD Return | -0.56% | -5.24% |
| 1Y Return | 8.39% | 7.41% |
| Sharpe Ratio | 0.58 | 0.48 |
| Sortino Ratio | 0.94 | 0.77 |
| Omega Ratio | 1.11 | 1.09 |
| Calmar Ratio | 0.51 | 0.16 |
| Martin Ratio | 1.93 | 1.18 |
| Ulcer Index | 4.16% | 6.06% |
| Daily Std Dev | 13.75% | 14.98% |
| Max Drawdown | -21.04% | -48.35% |
| Current Drawdown | -8.62% | -40.96% |
Correlation
The correlation between XTLT.TO and TLT is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
XTLT.TO vs. TLT - Performance Comparison
In the year-to-date period, XTLT.TO achieves a -0.56% return, which is significantly higher than TLT's -5.24% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XTLT.TO vs. TLT - Expense Ratio Comparison
XTLT.TO has a 0.18% expense ratio, which is higher than TLT's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
XTLT.TO vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) 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.
Dividends
XTLT.TO vs. TLT - Dividend Comparison
XTLT.TO's dividend yield for the trailing twelve months is around 3.66%, less than TLT's 4.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTLT.TO iShares 20+ Year U.S. Treasury Bond Index ETF | 3.66% | 2.85% | 0.00% | 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 | 4.06% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
XTLT.TO vs. TLT - Drawdown Comparison
The maximum XTLT.TO drawdown since its inception was -21.04%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for XTLT.TO and TLT. For additional features, visit the drawdowns tool.
Volatility
XTLT.TO vs. TLT - Volatility Comparison
iShares 20+ Year U.S. Treasury Bond Index ETF (XTLT.TO) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 5.26% and 5.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.