Data Source: from January 1973 to August 2022
Consolidated Returns as of 31 Aug 2022
Live Update: Sep 23 2022
Category: Fixed Income
ETF: iShares 20+ Year Treasury Bond (TLT)
ETF • LIVE PERFORMANCE (USD currency)
0.41%
1 Day
Sep 23 2022
5.32%
Current Month
September 2022

In the last 30 Years, the iShares 20+ Year Treasury Bond (TLT) ETF obtained a 6.11% compound annual return, with a 11.61% standard deviation.

In 2021, the ETF granted a 1.42% dividend yield. If you are interested in getting periodic income, please refer to the iShares 20+ Year Treasury Bond (TLT) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Long-Term

The iShares 20+ Year Treasury Bond (TLT) ETF is part of the following Lazy Portfolios:

Portfolio Name Author TLT Weight
Rob Arnott Portfolio Rob Arnott 10.0%
All Weather Portfolio Ray Dalio 40.0%
Permanent Portfolio Harry Browne 25.0%
Yale Endowment David Swensen 15.0%
Golden Butterfly 20.0%
Family Taxable Portfolio Ted Aronson 10.0%
Paul Boyer Portfolio Paul Boyer 25.0%
GAA Global Asset Allocation Mebane Faber 13.5%
All Weather Portfolio with Bitcoin Ray Dalio 40.0%
Permanent Portfolio with Bitcoin Harry Browne 25.0%
Golden Butterfly with Bitcoin 20.0%
Global Market Portfolio Credit Suisse 15.0%

Historical Returns as of Aug 31, 2022

Historical returns and stats of iShares 20+ Year Treasury Bond (TLT) ETF. Total Returns and Inflation Adjusted Returns are both mentioned.

ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Consolidated returns as of 31 Aug 2022
Data Source: from January 1973 to August 2022
Swipe left to see all data
Period Return (%)
as of Aug 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Aug 2022
-4.56
-4.52
-4.56
Aug 2022 - Aug 2022
0 - 1
3M
-3.48
-4.75
-4.56
Aug 2022 - Aug 2022
1 - 2
6M
-19.20
-22.60
-19.20
Mar 2022 - Aug 2022
1 - 5
YTD
-23.63
-28.11
-23.63
Jan 2022 - Aug 2022
1 - 7
1Y
-23.49
-29.33
11.87
-25.17
Dec 2021 - Aug 2022
3 - 9
25% pos
3Y(*)
-7.22
-11.56
13.26
-32.37
Aug 2020 - Aug 2022
15 - 21
42% pos
5Y(*)
-0.65
-4.31
13.03
-32.37
Aug 2020 - Aug 2022
29 - 31
48% pos
10Y(*)
1.04
-1.47
12.17
-32.37
Aug 2020 - Aug 2022
59 - 61
49% pos
15Y(*)
4.52
2.08
13.96
-32.37
Aug 2020 - Aug 2022
92 - 88
51% pos
20Y(*)
4.73
2.17
13.11
-32.37
Aug 2020 - Aug 2022
128 - 112
53% pos
25Y(*)
5.66
3.11
12.18
-32.37
Aug 2020 - Aug 2022
168 - 132
56% pos
30Y(*)
6.11
3.52
11.61
-32.37
Aug 2020 - Aug 2022
205 - 155
57% pos
MAX(*)
01 Jan 1973
7.50
3.38
11.54
-32.37
Aug 2020 - Aug 2022
344 - 252
58% pos
(*) Returns over 1 year are annualized

US Inflation is updated to Aug 2022. Current inflation (annualized) is 1Y: 8.26% , 5Y: 3.82% , 10Y: 2.54% , 30Y: 2.51%

ETF Returns, up to December 2002, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

Correlations as of Aug 31, 2022

Monthly correlations of iShares 20+ Year Treasury Bond (TLT) ETF vs the main Asset Classes, over different timeframes.

Columns are sortable (click on table header to sort).

ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Monthly correlations as of 31 Aug 2022
Swipe left to see all data
Correlation vs TLT
 
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
US Total Stock Market
VTI
0.60
-0.07
-0.12
-0.18
-0.18
US Large Cap
SPY
0.59
-0.07
-0.12
-0.17
-0.16
US Small Cap
IJR
0.57
-0.23
-0.27
-0.25
-0.24
US REITs
VNQ
0.37
0.09
0.28
0.04
0.04
US Technology
QQQ
0.70
0.08
0.01
-0.14
-0.13
Preferred Stocks
PFF
0.55
0.09
0.18
0.09
0.09
EAFE Stocks
EFA
0.43
-0.15
-0.13
-0.17
-0.16
World All Countries
VT
0.55
-0.11
-0.13
-0.19
-0.19
Emerging Markets
EEM
0.37
-0.17
-0.09
-0.16
-0.15
Europe
VGK
0.40
-0.12
-0.12
-0.17
-0.17
Pacific
VPL
0.40
-0.18
-0.12
-0.12
-0.12
Latin America
FLLA
0.00
-0.25
-0.14
-0.20
-0.20
US Total Bond Market
BND
0.85
0.80
0.83
0.83
0.83
US Cash
BIL
-0.20
0.28
0.16
0.06
0.06
TIPS
TIP
0.71
0.63
0.66
0.66
0.66
Investment Grade Bonds
LQD
0.79
0.58
0.64
0.63
0.63
High Yield Bonds
HYG
0.48
0.05
0.08
0.01
0.02
International Bond Market
BNDX
0.80
0.61
0.68
0.48
0.48
Emerging Market Bonds
EMB
0.52
0.17
0.29
0.23
0.24
Gold
GLD
0.15
0.31
0.36
0.17
0.17
Commodities
DBC
-0.48
-0.47
-0.43
-0.18
-0.18

Capital Growth as of Aug 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the iShares 20+ Year Treasury Bond (TLT) ETF: Dividend Yield page.

An investment of 1000$, since September 1992, now would be worth 5931.88$, with a total return of 493.19% (6.11% annualized).

The Inflation Adjusted Capital now would be 2822.03$, with a net total return of 182.20% (3.52% annualized).
An investment of 1000$, since January 1973, now would be worth 36361.48$, with a total return of 3536.15% (7.50% annualized).

The Inflation Adjusted Capital now would be 5217.81$, with a net total return of 421.78% (3.38% annualized).

Drawdowns

Worst drawdowns since September 1992.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-32.37% Aug 2020 Aug 2022 25 in progress 25
-21.80% Jan 2009 Dec 2009 12 Sep 2011 21 33
-18.03% Aug 2012 Dec 2013 17 Nov 2014 11 28
-15.07% Aug 2016 Oct 2018 27 May 2019 7 34
-14.17% Feb 2015 Jun 2015 5 Jun 2016 12 17
-11.60% Jun 2003 Jul 2003 2 Oct 2004 15 17
-11.07% Feb 1994 Oct 1994 9 May 1995 7 16
-9.72% Jul 2005 May 2006 11 Nov 2006 6 17
-9.56% Oct 1998 Dec 1999 15 Aug 2000 8 23
-8.93% Jan 1996 May 1996 5 Nov 1996 6 11
-8.18% Nov 2001 Mar 2002 5 Jul 2002 4 9
-7.22% Sep 2019 Dec 2019 4 Feb 2020 2 6
-7.03% Jan 2012 Mar 2012 3 May 2012 2 5
-5.35% Dec 1996 Mar 1997 4 Jul 1997 4 8
-5.10% Apr 2008 May 2008 2 Sep 2008 4 6
-4.47% Dec 2006 Jun 2007 7 Aug 2007 2 9
-3.84% Oct 2011 Oct 2011 1 Dec 2011 2 3
-3.78% Oct 2002 Nov 2002 2 Dec 2002 1 3
-3.15% Mar 2001 Apr 2001 2 Jul 2001 3 5
-2.57% Aug 1997 Aug 1997 1 Oct 1997 2 3

Worst drawdowns since January 1973.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-32.37% Aug 2020 Aug 2022 25 in progress 25
-23.12% Jul 1979 Sep 1981 27 Aug 1982 11 38
-21.80% Jan 2009 Dec 2009 12 Sep 2011 21 33
-18.03% Aug 2012 Dec 2013 17 Nov 2014 11 28
-15.07% Aug 2016 Oct 2018 27 May 2019 7 34
-14.17% Feb 2015 Jun 2015 5 Jun 2016 12 17
-13.97% May 1983 May 1984 13 Sep 1984 4 17
-12.25% Mar 1987 Sep 1987 7 Feb 1988 5 12
-11.60% Jun 2003 Jul 2003 2 Oct 2004 15 17
-11.07% Feb 1994 Oct 1994 9 May 1995 7 16
-9.72% Jul 2005 May 2006 11 Nov 2006 6 17
-9.56% Oct 1998 Dec 1999 15 Aug 2000 8 23
-8.93% Jan 1996 May 1996 5 Nov 1996 6 11
-8.59% Dec 1973 Aug 1974 9 Nov 1974 3 12
-8.18% Nov 2001 Mar 2002 5 Jul 2002 4 9
-7.22% Sep 2019 Dec 2019 4 Feb 2020 2 6
-7.03% Jan 2012 Mar 2012 3 May 2012 2 5
-6.99% Dec 1989 Apr 1990 5 Jul 1990 3 8
-5.35% Dec 1996 Mar 1997 4 Jul 1997 4 8
-5.10% Apr 2008 May 2008 2 Sep 2008 4 6

Rolling Returns ( more details)

iShares 20+ Year Treasury Bond (TLT) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
8.74 67.15
Apr 1985 - Mar 1986
-23.49
Sep 2021 - Aug 2022
24.10%
2 Years
8.62 49.11
Jul 1984 - Jun 1986
-15.82
Aug 2020 - Jul 2022
11.17%
3 Years
8.65 30.06
Sep 1983 - Aug 1986
-7.22
Sep 2019 - Aug 2022
6.77%
5 Years
8.57 28.14
Sep 1981 - Aug 1986
-2.72
Oct 1976 - Sep 1981
2.05%
7 Years
8.70 20.15
Oct 1981 - Sep 1988
0.99
Sep 2015 - Aug 2022
0.00%
10 Years
9.08 17.64
Oct 1981 - Sep 1991
1.04
Sep 2012 - Aug 2022
0.00%
15 Years
9.17 14.59
Oct 1981 - Sep 1996
4.52
Sep 2007 - Aug 2022
0.00%
20 Years
9.13 13.28
Oct 1981 - Sep 2001
4.73
Sep 2002 - Aug 2022
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares 20+ Year Treasury Bond (TLT) ETF: Rolling Returns page.

Seasonality

iShares 20+ Year Treasury Bond (TLT) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
0.33
58%
0.01
50%
0.01
46%
0.06
56%
0.94
56%
1.22
68%
0.49
54%
1.35
60%
0.75
61%
0.51
53%
1.33
76%
0.92
55%
Best
Year
9.8
2015
12.6
1986
10.6
1986
13.5
1980
9.1
1985
6.9
2016
7.0
1984
11.0
2019
13.2
2011
7.8
1982
14.3
2008
13.6
2008
Worst
Year
-13.1
2009
-8.3
1980
-5.4
2022
-9.4
2022
-6.8
2013
-4.1
2015
-10.0
2003
-5.0
2020
-4.0
1986
-8.0
1979
-8.2
2016
-6.3
2009
Statistics calculated for the period Jan 1973 - Aug 2022

Monthly/Yearly Returns

iShares 20+ Year Treasury Bond (TLT) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
344 Positive Months (58%) - 252 Negative Months (42%)
Jan 1973 - Aug 2022
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-23.63 -28.11 -3.9 -1.6 -5.4 -9.4 -2.3 -1.3 2.4 -4.6
2021
-4.60 -10.87 -3.6 -5.7 -5.2 2.5 0.0 4.4 3.7 -0.3 -2.9 2.5 2.8 -2.0
2020
+18.15 +16.56 7.7 6.6 6.4 1.2 -1.8 0.3 4.4 -5.0 0.8 -3.4 1.7 -1.2
2019
+14.12 +11.57 0.4 -1.4 5.6 -2.0 6.8 0.9 0.3 11.0 -2.7 -1.1 -0.4 -3.2
2018
-1.61 -3.45 -3.3 -3.0 2.9 -2.1 2.0 0.6 -1.4 1.3 -2.9 -2.9 1.8 5.9
2017
+9.18 +6.93 0.8 1.6 -0.7 1.6 1.9 0.8 -0.7 3.4 -2.3 0.0 0.7 1.8
2016
+1.18 -0.88 5.6 3.1 -0.1 -0.7 0.8 6.9 2.1 -1.0 -1.5 -4.4 -8.2 -0.5
2015
-1.79 -2.50 9.8 -6.1 1.1 -3.4 -2.4 -4.1 4.5 -0.7 2.0 -0.4 -0.9 -0.3
2014
+27.30 +26.34 6.3 0.5 0.7 2.1 2.9 -0.2 0.7 4.7 -2.1 2.8 3.0 3.3
2013
-13.37 -14.65 -3.2 1.2 -0.4 4.7 -6.8 -3.3 -2.3 -1.3 0.7 1.4 -2.7 -1.9
2012
+2.63 +0.88 -0.3 -2.6 -4.2 4.8 9.0 -1.7 3.8 -1.3 -2.5 -0.5 1.4 -2.5
2011
+33.96 +30.11 -3.1 1.7 0.0 2.3 3.4 -2.3 4.4 9.7 13.2 -3.8 2.0 3.4
2010
+9.05 +7.44 2.7 -0.3 -2.1 3.3 5.1 5.8 -0.9 8.4 -2.5 -4.5 -1.7 -3.7
2009
-21.80 -23.87 -13.1 -1.5 4.0 -7.0 -3.7 0.8 0.6 2.2 2.5 -2.6 1.2 -6.3
2008
+33.93 +33.81 2.1 -0.5 2.1 -2.5 -2.7 2.7 -0.4 2.7 1.5 -1.9 14.3 13.6
2007
+10.29 +5.96 -1.0 3.4 -1.7 0.9 -2.3 -1.0 3.3 1.8 0.2 1.8 5.3 -0.6
2006
+0.71 -1.78 -1.3 1.1 -4.6 -2.8 -0.2 1.2 2.2 3.1 1.9 0.8 2.3 -2.7
2005
+8.61 +5.02 3.6 -1.5 -0.5 3.9 3.1 2.2 -3.4 3.5 -3.6 -2.2 0.7 3.0
2004
+8.71 +5.28 1.9 2.3 1.4 -6.2 -0.3 1.1 1.5 4.2 0.9 1.8 -2.4 2.7
2003
+1.62 -0.25 -0.6 3.1 -1.4 1.0 6.3 -1.8 -10.0 1.3 5.9 -3.0 0.3 1.3
2002
+16.67 +13.97 1.2 1.2 -3.9 3.7 0.4 1.8 2.9 4.3 4.0 -2.8 -1.0 4.1
2001
+4.31 +2.71 0.3 1.8 -0.6 -2.6 0.2 0.8 3.6 2.0 0.9 5.1 -5.1 -1.8
2000
+19.72 +15.80 1.3 3.0 3.1 -0.7 -0.5 2.3 1.5 2.1 -0.9 1.6 3.0 2.5
1999
-8.66 -11.05 1.0 -4.8 -0.3 0.2 -1.6 -1.1 -0.6 -0.5 0.9 0.1 -0.6 -1.6
1998
+13.05 +11.26 1.9 -0.8 0.1 0.4 1.8 2.4 -0.5 4.8 3.3 -1.7 0.9 -0.2
1997
+13.90 +12.00 -0.7 -0.1 -2.3 2.3 1.0 1.8 5.3 -2.6 2.6 3.0 1.3 1.7
1996
-1.26 -4.43 -0.1 -4.9 -2.0 -1.8 -0.5 2.1 -0.1 -1.3 2.8 3.9 3.2 -2.4
1995
+30.09 +26.87 2.6 2.7 0.7 1.7 7.5 1.1 -1.4 2.1 1.8 3.0 2.3 2.7
1994
-7.04 -9.46 2.2 -4.0 -3.8 -1.3 -0.5 -0.8 2.9 -0.7 -3.0 -0.4 0.6 1.6
1993
+16.78 +13.66 2.8 3.2 0.2 0.8 0.4 4.2 1.4 4.0 0.3 0.6 -2.5 0.4
1992
+7.41 +4.38 -3.2 0.6 -1.1 -0.1 2.7 1.1 4.0 0.7 1.4 -1.9 0.5 2.6
1991
+17.43 +13.94 1.1 0.5 0.3 1.3 -0.1 -0.8 1.5 3.5 2.9 -0.1 0.0 6.3
1990
+5.78 -0.31 -3.7 -0.3 -0.3 -2.8 4.5 2.3 0.7 -4.2 1.2 2.2 4.6 2.1
1989
+17.93 +12.70 2.0 -1.7 0.9 2.6 3.1 6.1 2.1 -2.9 0.1 3.9 0.8 -0.1
1988
+9.15 +4.53 4.7 1.2 -2.2 -1.1 -1.6 4.1 -1.9 0.4 3.9 2.4 -1.9 1.3
1987
-2.92 -7.05 1.3 1.1 -1.6 -4.8 -1.5 1.4 -1.1 -1.6 -3.7 5.8 0.5 1.6
1986
+30.87 +29.45 0.1 12.6 10.6 0.3 -2.5 6.7 -2.0 3.7 -4.0 0.5 3.0 -0.3
1985
+36.90 +31.89 3.8 -4.7 3.2 2.3 9.1 1.9 -1.2 2.9 0.1 3.6 4.9 6.8
1984
+16.24 +11.82 1.7 -1.9 -1.9 -1.5 -5.9 2.6 7.0 3.9 2.9 6.3 1.5 1.3
1983
-1.29 -4.90 -4.0 5.3 -0.7 3.7 -4.3 0.6 -5.6 -0.3 5.4 -1.8 1.9 -0.7
1982
+47.10 +41.67 -0.7 1.7 2.2 3.3 1.1 -2.6 4.7 8.3 6.9 7.8 3.7 3.4
1981
+0.65 -7.59 -1.4 -4.2 3.5 -6.1 5.6 -0.7 -3.5 -4.3 -1.4 7.0 12.2 -4.2
1980
-4.99 -15.56 -7.6 -8.3 0.5 13.5 5.7 4.5 -6.3 -3.1 -2.6 -3.2 0.3 3.8
1979
-2.10 -13.59 1.9 -1.6 1.4 -1.3 2.2 3.4 -0.9 -0.3 -0.9 -8.0 1.8 0.7
1978
-1.55 -9.69 -1.0 -0.1 -0.2 0.0 -0.5 -0.6 1.4 1.8 -0.9 -2.0 1.5 -0.9
1977
+1.30 -5.07 -3.0 -0.1 0.7 1.0 0.9 1.8 -0.4 1.6 -0.1 -0.8 0.8 -1.1
1976
+17.44 +11.99 1.6 1.1 1.4 0.4 -1.6 2.0 0.8 1.9 1.8 0.7 3.1 3.3
1975
+9.08 +2.01 2.1 1.9 -2.2 -1.7 2.1 2.2 -0.3 -0.9 -0.7 4.1 -0.5 2.8
1974
+3.36 -7.99 1.1 -0.4 -2.9 -1.6 0.8 -0.8 -1.0 -2.4 1.6 5.1 3.2 1.0
1973
+0.88 -7.20 -0.2 0.3 -0.3 0.8 -0.2 -0.4 -3.6 1.9 3.5 0.6 0.1 -1.6

ETF Returns, up to December 2002, are simulated. They have been calculated using the historical series of equivalent ETFs / Assets.

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