ZTL.NEO vs. DTLE.L
ZTL.NEO (BMO Long-Term US Treasury Bond Index ETF) and DTLE.L (iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist) are both exchange-traded funds - ZTL.NEO is a Government Bonds fund tracking the Bloomberg U.S. Treasury 20+ Year Index, while DTLE.L is a Long-Term Bond fund managed by iShares. Over the past 5 years, ZTL.NEO returned -4.22%/yr vs -6.58%/yr for DTLE.L. A 0.50 correlation means they provide meaningful diversification when combined. ZTL.NEO charges 0.23%/yr vs 0.10%/yr for DTLE.L.
Performance
ZTL.NEO vs. DTLE.L - Performance Comparison
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Different Trading Currencies
ZTL.NEO is traded in CAD, while DTLE.L is traded in EUR. To make them comparable, the DTLE.L values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZTL.NEO achieves a 4.33% return, which is significantly higher than DTLE.L's 0.66% return.
ZTL.NEO
- 1D
- -1.43%
- 1M
- 4.23%
- YTD
- 4.33%
- 6M
- 3.77%
- 1Y
- 6.63%
- 3Y*
- 0.62%
- 5Y*
- -4.22%
- 10Y*
- —
DTLE.L
- 1D
- -0.35%
- 1M
- 2.50%
- YTD
- 0.66%
- 6M
- 0.69%
- 1Y
- 2.28%
- 3Y*
- 0.45%
- 5Y*
- -6.58%
- 10Y*
- —
ZTL.NEO vs. DTLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 4.33% | -0.43% | -0.21% | 0.46% | -26.25% | -5.72% | 14.95% | 8.69% | 6.67% | 3.47% |
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 0.66% | 10.57% | -7.43% | 0.10% | -32.37% | -11.91% | 22.42% | 5.71% | -1.27% | 3.05% |
Correlation
The correlation between ZTL.NEO and DTLE.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2017 | 0.50 |
The correlation between ZTL.NEO and DTLE.L has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
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Return for Risk
ZTL.NEO vs. DTLE.L — Risk / Return Rank
ZTL.NEO
DTLE.L
ZTL.NEO vs. DTLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) and iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L). 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.
| ZTL.NEO | DTLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.22 | +0.52 |
| Martin ratioReturn relative to average drawdown | 1.60 | 0.50 | +1.10 |
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Drawdowns
ZTL.NEO vs. DTLE.L - Drawdown Comparison
The maximum ZTL.NEO drawdown since its inception was -49.55%, smaller than the maximum DTLE.L drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for ZTL.NEO and DTLE.L.
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Drawdown Indicators
| ZTL.NEO | DTLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.55% | -55.58% | +6.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -10.47% | +1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.68% | -19.76% | +4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -39.89% | -46.56% | +6.67% |
Current DrawdownCurrent decline from peak | -39.05% | -44.96% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -23.86% | -28.10% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 4.50% | -0.33% |
Volatility
ZTL.NEO vs. DTLE.L - Volatility Comparison
BMO Long-Term US Treasury Bond Index ETF (ZTL.NEO) and iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist (DTLE.L) have volatilities of 3.18% and 3.06%, 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.
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Volatility by Period
| ZTL.NEO | DTLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 3.06% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.09% | 9.48% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.77% | 13.89% | -4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.17% | 18.83% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.80% | 18.89% | -3.09% |
ZTL.NEO vs. DTLE.L - Expense Ratio Comparison
ZTL.NEO has a 0.23% expense ratio, which is higher than DTLE.L's 0.10% 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%.
Dividends
ZTL.NEO vs. DTLE.L - Dividend Comparison
ZTL.NEO's dividend yield for the trailing twelve months is around 3.09%, less than DTLE.L's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DTLE.L iShares $ Treasury Bond 20+yr UCITS ETF EUR Hedged Dist | 4.62% | 4.18% | 4.75% | 3.75% | 3.05% | 1.76% | 1.68% | 2.50% | 2.88% | 0.51% |
ZTL.NEO BMO Long-Term US Treasury Bond Index ETF | 3.09% | 3.15% | 3.07% | 3.55% | 3.44% | 2.46% | 2.26% | 2.55% | 2.75% | 2.82% |
Frequently Asked Questions
ZTL.NEO and DTLE.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DTLE.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DTLE.L is cheaper with a 0.10% expense ratio, compared with 0.23% for ZTL.NEO.
ZTL.NEO is categorized as Government Bonds, while DTLE.L is Long-Term Bond. They also come from different issuers: BMO and iShares. Their fees differ too: 0.23% for ZTL.NEO and 0.10% for DTLE.L.
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