XTWY vs. TLT
Compare and contrast key facts about Bondbloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) and iShares 20+ Year Treasury Bond ETF (TLT).
XTWY and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XTWY is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 20 Year Target Duration Index. It was launched on Sep 13, 2022. 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 XTWY 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: XTWY or TLT.
Key characteristics
| XTWY | TLT | |
|---|---|---|
| YTD Return | 3.84% | 4.26% |
| 1Y Return | 12.58% | 11.66% |
| Sharpe Ratio | 0.60 | 0.65 |
| Daily Std Dev | 19.37% | 16.70% |
| Max Drawdown | -25.92% | -48.35% |
| Current Drawdown | -4.01% | -35.04% |
Correlation
The correlation between XTWY and TLT is 0.99, 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
XTWY vs. TLT - Performance Comparison
In the year-to-date period, XTWY achieves a 3.84% return, which is significantly lower than TLT's 4.26% 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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XTWY vs. TLT - Expense Ratio Comparison
XTWY has a 0.13% 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%.
Risk-Adjusted Performance
XTWY vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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
XTWY vs. TLT - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 3.98%, more than TLT's 3.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XTWY Bondbloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 3.98% | 3.86% | 1.08% | 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 | 3.60% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
XTWY vs. TLT - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for XTWY and TLT. For additional features, visit the drawdowns tool.
Volatility
XTWY vs. TLT - Volatility Comparison
Bondbloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.69% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 3.17%. This indicates that XTWY'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.