TLT vs TBT
Comparison between ISHARES 20+ YEAR TREASURY BOND ETF (TLT, ETF) and PROSHARES ULTRASHORT 20+ YEAR TREASURY (TBT, ETF).
5-Year PerformanceTBT has outperformed TLT, delivering a return of +15.6% compared to -6.4%
TLT vs TBT - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TLT vs TBT - Historical Returns
Returns include dividend reinvestment.
TLT vs TBT - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | TLT | TBT |
|---|---|---|
| 2026 | -0.41% | +3.88% |
| 2025 | +3.96% | -1.41% |
| 2024 | -7.53% | +25.84% |
| 2023 | +0.84% | +1.22% |
| 2022 | -29.39% | +83.83% |
| 2021 | -4.49% | +2.55% |
| 2020 | +16.83% | -36.60% |
| 2019 | +13.52% | -22.02% |
| 2018 | -0.53% | +2.75% |
| 2017 | +8.72% | -16.51% |
| 2016 | +0.45% | -6.01% |
| 2015 | -2.87% | -3.08% |
| 2014 | +26.91% | -41.07% |
| 2013 | -12.20% | +21.75% |
| 2012 | +4.20% | -14.72% |
| 2011 | +34.98% | -51.83% |
| 2010 | +9.14% | -26.11% |
| 2009 | -19.78% | +27.90% |
| 2008 | +32.03% | -45.18% |
| 2007 | +9.50% | N/A |
| 2006 | +0.84% | N/A |
| 2005 | +8.37% | N/A |
| 2004 | +10.01% | N/A |
| 2003 | +4.32% | N/A |
| 2002 | +9.75% | N/A |
TLT vs TBT Drawdown Comparison
The maximum drawdown for TLT was -48.35%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The maximum drawdown for TBT was -94.99%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The current TLT drawdown is -40.62%. The current TBT drawdown is -85.55%.
| Rank | TLT | TBT |
|---|---|---|
| #1 | -48.35% Aug 4, 2020 - Oct 19, 2023 | -94.99% Jun 13, 2008 - Aug 4, 2020 |
| #2 | -26.58% Dec 30, 2008 - Aug 18, 2011 | -3.64% May 29, 2008 - Jun 12, 2008 |
| #3 | -20.48% Jul 25, 2012 - Dec 10, 2014 | -3.62% May 6, 2008 - May 28, 2008 |
| #4 | -17.88% Jul 8, 2016 - Jul 2, 2019 | -0.01% May 2, 2008 - May 6, 2008 |
| #5 | -15.80% Jan 30, 2015 - Jun 9, 2016 | N/A |
| #6 | -15.73% Mar 9, 2020 - Apr 21, 2020 | N/A |
| #7 | -15.69% Jun 13, 2003 - Dec 15, 2004 | N/A |
| #8 | -10.91% Oct 3, 2011 - Dec 19, 2011 | N/A |
| #9 | -10.82% Jun 30, 2005 - Nov 24, 2006 | N/A |
| #10 | -10.41% Dec 19, 2011 - May 17, 2012 | N/A |
| #11 | -8.63% Apr 21, 2020 - Jul 30, 2020 | N/A |
| #12 | -8.24% Aug 28, 2019 - Feb 20, 2020 | N/A |
| #13 | -8.03% Dec 4, 2006 - Aug 31, 2007 | N/A |
| #14 | -7.49% Mar 20, 2008 - Sep 4, 2008 | N/A |
| #15 | -6.68% Sep 24, 2002 - Feb 20, 2003 | N/A |
Correlation
Correlation between TLT and TBT is -0.79 which considered as a strong negative correlation - the stocks tend to move in opposite directions.
Dividend Comparison (2002 - 2026)
TLT vs TBT dividend yield comparison.
| Year | TLT | TBT |
|---|---|---|
| 2026 | 1.91% | 0.47% |
| 2025 | 4.43% | 3.21% |
| 2024 | 4.30% | 4.64% |
| 2023 | 3.38% | 4.98% |
| 2022 | 2.67% | 0.42% |
| 2021 | 1.50% | 0.00% |
| 2020 | 1.50% | 0.32% |
| 2019 | 2.27% | 2.12% |
| 2018 | 2.63% | 0.99% |
| 2017 | 2.43% | 0.00% |
| 2016 | 2.60% | 0.00% |
| 2015 | 2.61% | 0.00% |
| 2014 | 2.67% | 0.00% |
| 2013 | 3.26% | 0.00% |
| 2012 | 2.68% | 0.00% |
| 2011 | 3.30% | 0.00% |
| 2010 | 4.16% | 0.00% |
| 2009 | 4.05% | 0.00% |
| 2008 | 3.49% | 0.44% |
| 2007 | 4.50% | 0.00% |
| 2006 | 4.52% | 0.00% |
| 2005 | 4.55% | 0.00% |
| 2004 | 4.68% | 0.00% |
| 2003 | 5.30% | 0.00% |
| 2002 | 2.19% | 0.00% |
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