^XSP vs. TLT
Compare and contrast key facts about S&P 500 Mini-SPX Options Index (^XSP) and iShares 20+ Year Treasury Bond ETF (TLT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XSP or TLT.
Key characteristics
| ^XSP | TLT | |
|---|---|---|
| YTD Return | 17.95% | 1.40% |
| 1Y Return | 26.90% | 6.88% |
| 3Y Return (Ann) | 7.68% | -10.62% |
| Sharpe Ratio | 2.23 | 0.42 |
| Daily Std Dev | 12.44% | 16.70% |
| Max Drawdown | -25.43% | -48.35% |
| Current Drawdown | -0.73% | -36.82% |
Correlation
The correlation between ^XSP and TLT is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^XSP vs. TLT - Performance Comparison
In the year-to-date period, ^XSP achieves a 17.95% return, which is significantly higher than TLT's 1.40% 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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Risk-Adjusted Performance
^XSP vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 500 Mini-SPX Options Index (^XSP) 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.
Drawdowns
^XSP vs. TLT - Drawdown Comparison
The maximum ^XSP drawdown since its inception was -25.43%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for ^XSP and TLT. For additional features, visit the drawdowns tool.
Volatility
^XSP vs. TLT - Volatility Comparison
S&P 500 Mini-SPX Options Index (^XSP) has a higher volatility of 5.88% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.75%. This indicates that ^XSP'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.