Data Source: from January 1871 to September 2023 (~153 years)
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Category: Fixed Income
ETF: iShares 20+ Year Treasury Bond (TLT)
ETF • LIVE PERFORMANCE (USD currency)
1.98%
1 Day
Oct 02 2023, 04:00PM Eastern Time
1.98%
Current Month
October 2023
In the last 30 Years, the iShares 20+ Year Treasury Bond (TLT) ETF obtained a 4.72% compound annual return, with a 12.08% standard deviation.
Table of contents
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▾ |
|---|---|---|
| All Weather Portfolio | Ray Dalio | 40.00% |
| All Weather Portfolio with Bitcoin | Ray Dalio | 40.00% |
| Permanent Portfolio | Harry Browne | 25.00% |
| Paul Boyer Portfolio | Paul Boyer | 25.00% |
| Permanent Portfolio with Bitcoin | Harry Browne | 25.00% |
| Golden Butterfly | Tyler | 20.00% |
| Golden Butterfly with Bitcoin | 20.00% | |
| Zefiro Portfolio | Zefiro SCF | 20.00% |
| Weird Portfolio | Value Stock Geek | 20.00% |
| Yale Endowment | David Swensen | 15.00% |
| Global Market Portfolio | Credit Suisse | 15.00% |
| GAA Global Asset Allocation | Mebane Faber | 13.50% |
| Rob Arnott Portfolio | Rob Arnott | 10.00% |
| Family Taxable Portfolio | Ted Aronson | 10.00% |
| Gretchen Tai Portfolio | Gretchen Tai | 4.00% |
Investment Returns as of Sep 30, 2023
The iShares 20+ Year Treasury Bond (TLT) ETF guaranteed the following returns.
Returns are calculated in USD, assuming:
- no fees or capital gain taxes.
- the reinvestment of dividends.
ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Consolidated returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Swipe left to see all data
| Chg (%) | Return (%) | Return (%) as of Sep 30, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Day | Time ET(*) | Oct 2023 | 1M | 6M | 1Y | 5Y | 10Y | 30Y |
MAX
(~153Y) |
|||
| iShares 20+ Year Treasury Bond (TLT) ETF | -1.98 | -1.98 | -7.95 | -15.25 | -10.95 | -3.44 | 0.55 | 4.72 | 4.74 | |||
| US Inflation Adjusted return | -7.95 | -16.68 | -13.91 | -7.14 | -2.14 | 2.13 | 2.56 | |||||
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Aug 2023.
Waiting for updates, inflation of Sep 2023 is set to 0%.
Current inflation (annualized) is
1Y: 3.44%
, 5Y: 3.99%
, 10Y: 2.75%
, 30Y: 2.53%
Live update: World Markets and Indexes
In 2022, the iShares 20+ Year Treasury Bond (TLT) ETF granted a 1.81% dividend yield. If you are interested in getting periodic income, please refer to the iShares 20+ Year Treasury Bond (TLT) ETF: Dividend Yield page.
Capital Growth as of Sep 30, 2023
An investment of 1$, since October 1993,
now would be worth 3.99$, with a total return of 298.79% (4.72% annualized).
The Inflation Adjusted Capital now would be 1.88$, with a net total return of 88.47% (2.13% annualized).
The Inflation Adjusted Capital now would be 1.88$, with a net total return of 88.47% (2.13% annualized).
An investment of 1$, since January 1871,
now would be worth 1175.31$, with a total return of 117431.22% (4.74% annualized).
The Inflation Adjusted Capital now would be 47.75$, with a net total return of 4674.80% (2.56% annualized).
The Inflation Adjusted Capital now would be 47.75$, with a net total return of 4674.80% (2.56% annualized).
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Investment Metrics as of Sep 30, 2023
Metrics of iShares 20+ Year Treasury Bond (TLT) ETF, updated as of 30 September 2023.
Metrics are calculated based on monthly returns, assuming:
- no fees or capital gain taxes.
- the reinvestment of dividends.
ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Advanced Metrics
Data Source: 1 January 1871 - 30 September 2023 (~153 years)
Swipe left to see all data
| Metrics as of Sep 30, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | 30Y |
MAX
(~153Y) |
|
| Investment Return (%) | -7.95 | -13.10 | -15.25 | -10.95 | -16.72 | -3.44 | 0.55 | 3.31 | 4.72 | 4.74 |
| Infl. Adjusted Return (%) details | -7.95 | -13.64 | -16.68 | -13.91 | -21.18 | -7.14 | -2.14 | 0.73 | 2.13 | 2.56 |
| US Inflation (%) | 0.00 | 0.63 | 1.72 | 3.44 | 5.66 | 3.99 | 2.75 | 2.56 | 2.53 | 2.12 |
| Waiting for updates, inflation of Sep 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized. | ||||||||||
|
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Deepest Drawdown Depth (%) | -15.67 | -42.24 | -44.73 | -44.73 | -44.73 | -44.73 | -44.73 | |||
| Start to Recovery (# months) details | 8* | 36* | 38* | 38* | 38* | 38* | 38* | |||
| Start (yyyy mm) | 2023 02 | 2020 10 | 2020 08 | 2020 08 | 2020 08 | 2020 08 | 2020 08 | |||
| Start to Bottom (# months) | 8 | 36 | 38 | 38 | 38 | 38 | 38 | |||
| Bottom (yyyy mm) | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | |||
| Bottom to End (# months) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| End (yyyy mm) | - | - | - | - | - | - | - | |||
| Longest Drawdown Depth (%) |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
-7.36 | |||
| Start to Recovery (# months) details | 50 | |||||||||
| Start (yyyy mm) | 2023 02 | 2020 10 | 2020 08 | 2020 08 | 2020 08 | 2020 08 | 1950 01 | |||
| Start to Bottom (# months) | 8 | 36 | 38 | 38 | 38 | 38 | 42 | |||
| Bottom (yyyy mm) | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 1953 06 | |||
| Bottom to End (# months) | 0 | 0 | 0 | 0 | 0 | 0 | 8 | |||
| End (yyyy mm) | - | - | - | - | - | - | 1954 02 | |||
| Longest negative period (# months) details | 12* | 36* | 60* | 113* | 144* | 144* | 170 | |||
| Period Start (yyyy mm) | 2022 10 | 2020 10 | 2018 10 | 2014 05 | 2011 10 | 2011 10 | 1945 12 | |||
| Period End (yyyy mm) | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 1960 01 | |||
| Annualized Return (%) | -10.95 | -16.72 | -3.44 | -0.08 | -0.13 | -0.13 | -0.01 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
| Deepest Drawdown Depth (%) | -17.83 | -51.03 | -53.36 | -53.36 | -53.36 | -53.36 | -70.04 | |||
| Start to Recovery (# months) details | 8* | 36* | 38* | 38* | 38* | 38* | 607 | |||
| Start (yyyy mm) | 2023 02 | 2020 10 | 2020 08 | 2020 08 | 2020 08 | 2020 08 | 1941 02 | |||
| Start to Bottom (# months) | 8 | 36 | 38 | 38 | 38 | 38 | 488 | |||
| Bottom (yyyy mm) | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 1981 09 | |||
| Bottom to End (# months) | 0 | 0 | 0 | 0 | 0 | 0 | 119 | |||
| End (yyyy mm) | - | - | - | - | - | - | 1991 08 | |||
| Longest Drawdown Depth (%) |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
same as deepest |
|||
| Start to Recovery (# months) details | ||||||||||
| Start (yyyy mm) | 2023 02 | 2020 10 | 2020 08 | 2020 08 | 2020 08 | 2020 08 | 1941 02 | |||
| Start to Bottom (# months) | 8 | 36 | 38 | 38 | 38 | 38 | 488 | |||
| Bottom (yyyy mm) | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 1981 09 | |||
| Bottom to End (# months) | 0 | 0 | 0 | 0 | 0 | 0 | 119 | |||
| End (yyyy mm) | - | - | - | - | - | - | 1991 08 | |||
| Longest negative period (# months) details | 12* | 36* | 60* | 120* | 188* | 188* | 1051 | |||
| Period Start (yyyy mm) | 2022 10 | 2020 10 | 2018 10 | 2013 10 | 2008 02 | 2008 02 | 1894 03 | |||
| Period End (yyyy mm) | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 2023 09 | 1981 09 | |||
| Annualized Return (%) | -13.91 | -21.18 | -7.14 | -2.14 | 0.00 | 0.00 | 0.00 | |||
| Drawdowns / Negative periods marked with * are in progress | ||||||||||
|
RISK INDICATORS
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Standard Deviation (%) | 16.78 | 14.25 | 15.14 | 13.15 | 13.39 | 12.08 | 7.45 | |||
| Sharpe Ratio | -0.92 | -1.29 | -0.33 | -0.03 | 0.15 | 0.21 | 0.10 | |||
| Sortino Ratio | -1.46 | -1.92 | -0.50 | -0.04 | 0.23 | 0.30 | 0.15 | |||
| Ulcer Index | 5.77 | 24.26 | 21.06 | 16.21 | 13.33 | 11.27 | 5.89 | |||
| Ratio: Return / Standard Deviation | -0.65 | -1.17 | -0.23 | 0.04 | 0.25 | 0.39 | 0.64 | |||
| Ratio: Return / Deepest Drawdown | -0.70 | -0.40 | -0.08 | 0.01 | 0.07 | 0.11 | 0.11 | |||
| % Positive Months details | 41% | 36% | 46% | 50% | 52% | 55% | 64% | |||
| Positive Months | 5 | 13 | 28 | 60 | 126 | 198 | 1187 | |||
| Negative Months | 7 | 23 | 32 | 60 | 114 | 162 | 646 | |||
|
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Best 10 Years Return (%) - Annualized | 0.55 | 9.39 | 9.52 | 17.64 | ||||||
| Worst 10 Years Return (%) - Annualized | -0.14 | -0.14 | -0.83 | |||||||
| Best 10 Years Return (%) - Annualized | -2.14 | 7.54 | 7.54 | 13.18 | ||||||
| Worst 10 Years Return (%) - Annualized | -2.63 | -2.63 | -6.49 | |||||||
|
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Over the latest 30Y | ||||||||||
| Best Rolling Return (%) - Annualized | 37.76 | 15.28 | 12.57 | 9.52 | 8.83 | 4.72 | ||||
| Worst Rolling Return (%) - Annualized | -33.64 | -16.72 | -3.44 | -0.14 | 3.31 | |||||
| % Positive Periods | 71% | 93% | 95% | 99% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 37.29 | 12.93 | 10.40 | 7.54 | 6.46 | 2.13 | ||||
| Worst Rolling Return (%) - Annualized | -38.41 | -21.18 | -7.14 | -2.63 | 0.73 | |||||
| % Positive Periods | 66% | 87% | 93% | 92% | 100% | 100% | ||||
| Over all the available data source (Jan 1871 - Sep 2023) | ||||||||||
| Best Rolling Return (%) - Annualized | 67.15 | 30.06 | 28.14 | 17.64 | 13.28 | 11.72 | ||||
| Worst Rolling Return (%) - Annualized | -33.64 | -16.72 | -3.44 | -0.83 | 0.24 | 1.28 | ||||
| % Positive Periods | 79% | 92% | 96% | 99% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 63.46 | 26.19 | 23.79 | 13.18 | 9.66 | 8.46 | ||||
| Worst Rolling Return (%) - Annualized | -38.41 | -21.18 | -12.22 | -6.49 | -3.73 | -2.63 | ||||
| % Positive Periods | 61% | 70% | 67% | 65% | 69% | 80% | ||||
|
WITHDRAWAL RATES (WR)
|
1Y | 3Y | 5Y | 10Y | 20Y | 30Y | MAX | |||
| Safe WR (%) | 25.14 | 21.50 | 12.04 | 7.11 | 5.91 | 4.88 | ||||
| Perpetual WR (%) | 0.00 | 0.00 | 0.00 | 0.73 | 2.09 | 2.50 | ||||
- Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio
- Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
- Longest negative period: it's the maximum period for which an overall negative return has been observed
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return
- Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation)
- Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio
- Best/Worst 10Y returns: the best and the worst 10-year return over a time frame
- Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.
Explore historical data since 1871 and fine-tune your investment strategy for better results.
Correlations as of Sep 30, 2023
Correlation measures to what degree the returns of the two assets move in relation to each other.
Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Asset correlations are calculated based on monthly returns.
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 30 September 2023
Swipe left to see all data
| Correlation vs TLT | ||||||
|---|---|---|---|---|---|---|
| Asset Class | 1 Year | 5 Years | 10 Years | 30 Years | Since Jan 1992 |
|
|
VTI
|
US Total Stock Market |
0.51
|
0.09
|
0.01
|
-0.14
|
-0.13
|
|
SPY
|
US Large Cap |
0.54
|
0.10
|
0.02
|
-0.12
|
-0.12
|
|
IJR
|
US Small Cap |
0.24
|
-0.10
|
-0.14
|
-0.21
|
-0.20
|
|
VNQ
|
US REITs |
0.69
|
0.23
|
0.35
|
0.08
|
0.08
|
|
QQQ
|
US Technology |
0.63
|
0.24
|
0.14
|
-0.10
|
-0.09
|
|
PFF
|
Preferred Stocks |
0.68
|
0.25
|
0.29
|
0.12
|
0.13
|
|
EFA
|
EAFE Stocks |
0.75
|
0.12
|
0.03
|
-0.11
|
-0.10
|
|
VT
|
World All Countries |
0.67
|
0.10
|
0.02
|
-0.14
|
-0.13
|
|
EEM
|
Emerging Markets |
0.80
|
0.14
|
0.08
|
-0.11
|
-0.09
|
|
VGK
|
Europe |
0.68
|
0.11
|
0.03
|
-0.13
|
-0.12
|
|
VPL
|
Pacific |
0.81
|
0.12
|
0.03
|
-0.07
|
-0.06
|
|
FLLA
|
Latin America |
0.35
|
-0.11
|
-0.10
|
-0.18
|
-0.17
|
|
BND
|
US Total Bond Market |
0.96
|
0.84
|
0.86
|
0.84
|
0.84
|
|
BIL
|
US Cash |
-0.05
|
0.04
|
-0.02
|
0.04
|
0.04
|
|
TIP
|
TIPS |
0.76
|
0.66
|
0.68
|
0.66
|
0.67
|
|
LQD
|
Invest. Grade Bonds |
0.95
|
0.69
|
0.70
|
0.65
|
0.66
|
|
HYG
|
High Yield Bonds |
0.66
|
0.19
|
0.15
|
0.04
|
0.05
|
|
CWB
|
US Convertible Bonds |
0.52
|
0.10
|
0.05
|
-0.11
|
-0.11
|
|
BNDX
|
International Bonds |
0.80
|
0.68
|
0.71
|
0.51
|
0.51
|
|
EMB
|
Emerg. Market Bonds |
0.83
|
0.35
|
0.36
|
0.26
|
0.27
|
|
GLD
|
Gold |
0.87
|
0.47
|
0.46
|
0.21
|
0.20
|
|
DBC
|
Commodities |
0.04
|
-0.34
|
-0.35
|
-0.16
|
-0.16
|
If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.
Drawdowns
A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1871 - 30 September 2023 (~153 years)
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -44.73% | Aug 2020 | Sep 2023 | 38 | in progress | 38 | 26.28 | |
| -21.80% | Jan 2009 | Dec 2009 | 12 | Sep 2011 | 21 | 33 | 14.82 |
| -18.03% | Aug 2012 | Dec 2013 | 17 | Nov 2014 | 11 | 28 | 9.78 |
| -15.07% | Aug 2016 | Oct 2018 | 27 | May 2019 | 7 | 34 | 10.16 |
| -14.17% | Feb 2015 | Jun 2015 | 5 | Jun 2016 | 12 | 17 | 7.91 |
| -11.60% | Jun 2003 | Jul 2003 | 2 | Oct 2004 | 15 | 17 | 6.01 |
| -11.07% | Feb 1994 | Oct 1994 | 9 | May 1995 | 7 | 16 | 7.54 |
| -9.72% | Jul 2005 | May 2006 | 11 | Nov 2006 | 6 | 17 | 5.18 |
| -9.56% | Oct 1998 | Dec 1999 | 15 | Aug 2000 | 8 | 23 | 5.49 |
| -8.93% | Jan 1996 | May 1996 | 5 | Nov 1996 | 6 | 11 | 5.96 |
| -8.18% | Nov 2001 | Mar 2002 | 5 | Jul 2002 | 4 | 9 | 4.90 |
| -7.22% | Sep 2019 | Dec 2019 | 4 | Feb 2020 | 2 | 6 | 3.60 |
| -7.03% | Jan 2012 | Mar 2012 | 3 | May 2012 | 2 | 5 | 3.28 |
| -5.35% | Dec 1996 | Mar 1997 | 4 | Jul 1997 | 4 | 8 | 2.75 |
| -5.10% | Apr 2008 | May 2008 | 2 | Sep 2008 | 4 | 6 | 2.61 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -53.36% | Aug 2020 | Sep 2023 | 38 | in progress | 38 | 32.72 | |
| -24.28% | Jan 2009 | Mar 2010 | 15 | Sep 2011 | 18 | 33 | 17.60 |
| -19.41% | Aug 2012 | Dec 2013 | 17 | Dec 2014 | 12 | 29 | 11.25 |
| -19.19% | Aug 2016 | Oct 2018 | 27 | Aug 2019 | 10 | 37 | 12.21 |
| -15.95% | Feb 2015 | Jun 2015 | 5 | Jun 2016 | 12 | 17 | 9.22 |
| -13.29% | Jul 2005 | May 2006 | 11 | Nov 2007 | 18 | 29 | 7.04 |
| -13.22% | Nov 1993 | Oct 1994 | 12 | May 1995 | 7 | 19 | 8.57 |
| -12.08% | Oct 1998 | Dec 1999 | 15 | Dec 2000 | 12 | 27 | 7.15 |
| -11.80% | Jun 2003 | Jul 2003 | 2 | Jan 2005 | 18 | 20 | 6.79 |
| -10.73% | Jan 1996 | May 1996 | 5 | Jul 1997 | 14 | 19 | 6.75 |
| -8.75% | Nov 2001 | Mar 2002 | 5 | Aug 2002 | 5 | 10 | 4.96 |
| -8.53% | Jan 2012 | Mar 2012 | 3 | May 2012 | 2 | 5 | 4.22 |
| -7.37% | Sep 2019 | Dec 2019 | 4 | Feb 2020 | 2 | 6 | 3.74 |
| -6.46% | Apr 2008 | May 2008 | 2 | Nov 2008 | 6 | 8 | 3.69 |
| -3.99% | Mar 2001 | May 2001 | 3 | Jul 2001 | 2 | 5 | 2.66 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -44.73% | Aug 2020 | Sep 2023 | 38 | in progress | 38 | 26.28 | |
| -23.12% | Jul 1979 | Sep 1981 | 27 | Aug 1982 | 11 | 38 | 12.75 |
| -21.80% | Jan 2009 | Dec 2009 | 12 | Sep 2011 | 21 | 33 | 14.82 |
| -18.03% | Aug 2012 | Dec 2013 | 17 | Nov 2014 | 11 | 28 | 9.78 |
| -15.07% | Aug 2016 | Oct 2018 | 27 | May 2019 | 7 | 34 | 10.16 |
| -14.17% | Feb 2015 | Jun 2015 | 5 | Jun 2016 | 12 | 17 | 7.91 |
| -13.97% | May 1983 | May 1984 | 13 | Sep 1984 | 4 | 17 | 6.84 |
| -13.85% | Apr 1967 | Dec 1969 | 33 | Jan 1971 | 13 | 46 | 7.83 |
| -13.63% | May 1958 | Sep 1959 | 17 | Feb 1961 | 17 | 34 | 8.32 |
| -12.25% | Mar 1987 | Sep 1987 | 7 | Feb 1988 | 5 | 12 | 6.50 |
| -11.60% | Jun 2003 | Jul 2003 | 2 | Oct 2004 | 15 | 17 | 6.01 |
| -11.07% | Feb 1994 | Oct 1994 | 9 | May 1995 | 7 | 16 | 7.54 |
| -10.35% | Jan 1931 | Jan 1932 | 13 | Jul 1932 | 6 | 19 | 4.49 |
| -9.72% | Jul 2005 | May 2006 | 11 | Nov 2006 | 6 | 17 | 5.18 |
| -9.56% | Oct 1998 | Dec 1999 | 15 | Aug 2000 | 8 | 23 | 5.49 |
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
|||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -70.04% | Feb 1941 | Sep 1981 | 488 | Aug 1991 | 119 | 607 | 36.95 |
| -53.36% | Aug 2020 | Sep 2023 | 38 | in progress | 38 | 32.72 | |
| -48.66% | Apr 1916 | Jun 1920 | 51 | Nov 1926 | 77 | 128 | 24.66 |
| -24.28% | Jan 2009 | Mar 2010 | 15 | Sep 2011 | 18 | 33 | 17.60 |
| -19.41% | Aug 2012 | Dec 2013 | 17 | Dec 2014 | 12 | 29 | 11.25 |
| -19.19% | Aug 2016 | Oct 2018 | 27 | Aug 2019 | 10 | 37 | 12.21 |
| -16.64% | Jul 1879 | Jan 1880 | 7 | Dec 1882 | 35 | 42 | 7.27 |
| -15.95% | Feb 2015 | Jun 2015 | 5 | Jun 2016 | 12 | 17 | 9.22 |
| -14.79% | Feb 1899 | Apr 1910 | 135 | Feb 1911 | 10 | 145 | 8.82 |
| -13.84% | Aug 1897 | May 1898 | 10 | Oct 1898 | 5 | 15 | 5.98 |
| -13.29% | Jul 2005 | May 2006 | 11 | Nov 2007 | 18 | 29 | 7.04 |
| -13.22% | Nov 1993 | Oct 1994 | 12 | May 1995 | 7 | 19 | 8.57 |
| -12.38% | Jul 1892 | Feb 1893 | 8 | Dec 1893 | 10 | 18 | 6.42 |
| -12.08% | Oct 1998 | Dec 1999 | 15 | Dec 2000 | 12 | 27 | 7.15 |
| -11.80% | Jun 2003 | Jul 2003 | 2 | Jan 2005 | 18 | 20 | 6.79 |
Rolling Returns
( more details)
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1871 - 30 September 2023 (~153 years)
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| Rolling Period |
Worst Period |
15th Percentile |
50th Percentile |
85th Percentile |
Best Period |
Latest | Negative Periods |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return |
From To |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
From To |
Growth of 1$ |
|||
| 1Y | -33.64 |
11/2021 10/2022 |
0.66$ | -6.69 | 0.93$ | 6.67 | 1.06$ | 17.26 | 1.17$ | 37.76 |
02/2011 01/2012 |
1.37$ | -10.95 | 28.08% |
| 2Y | -20.55 |
11/2020 10/2022 |
0.63$ | 0.12 | 1.00$ | 7.14 | 1.14$ | 12.82 | 1.27$ | 22.27 |
08/2018 07/2020 |
1.49$ | -19.75 | 14.84% |
| 3Y | -16.72 |
10/2020 09/2023 |
0.57$ | 2.76 | 1.08$ | 7.04 | 1.22$ | 11.07 | 1.37$ | 15.28 |
08/2009 07/2012 |
1.53$ | -16.72 | 6.46% |
| 5Y | -3.44 |
10/2018 09/2023 |
0.83$ | 3.68 | 1.19$ | 7.02 | 1.40$ | 9.44 | 1.57$ | 12.57 |
06/2007 05/2012 |
1.80$ | -3.44 | 4.65% |
| 7Y | -3.96 |
10/2016 09/2023 |
0.75$ | 4.86 | 1.39$ | 7.36 | 1.64$ | 8.71 | 1.79$ | 11.05 |
01/2002 12/2008 |
2.08$ | -3.96 | 4.69% |
| 10Y | -0.14 |
11/2012 10/2022 |
0.98$ | 5.77 | 1.75$ | 7.24 | 2.01$ | 8.36 | 2.23$ | 9.52 |
11/1994 10/2004 |
2.48$ | 0.55 | 0.41% |
| 15Y | 2.33 |
10/2008 09/2023 |
1.41$ | 5.80 | 2.32$ | 7.02 | 2.76$ | 8.10 | 3.21$ | 9.12 |
06/1997 05/2012 |
3.70$ | 2.33 | 0.00% |
| 20Y | 3.31 |
10/2003 09/2023 |
1.91$ | 5.52 | 2.92$ | 7.01 | 3.87$ | 7.91 | 4.58$ | 8.83 |
02/1995 01/2015 |
5.43$ | 3.31 | 0.00% |
| 30Y | 4.72 |
10/1993 09/2023 |
3.98$ | 4.72 | 3.98$ | 4.72 | 3.98$ | 4.72 | 3.98$ | 4.72 |
10/1993 09/2023 |
3.98$ | 4.72 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period |
Worst Period |
15th Percentile |
50th Percentile |
85th Percentile |
Best Period |
Latest | Negative Periods |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return |
From To |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
From To |
Growth of 1$ |
|||
| 1Y | -38.41 |
11/2021 10/2022 |
0.61$ | -9.23 | 0.90$ | 4.41 | 1.04$ | 15.34 | 1.15$ | 37.29 |
05/2019 04/2020 |
1.37$ | -13.91 | 33.81% |
| 2Y | -25.73 |
11/2020 10/2022 |
0.55$ | -2.03 | 0.95$ | 4.22 | 1.08$ | 10.99 | 1.23$ | 20.58 |
08/2018 07/2020 |
1.45$ | -24.15 | 21.36% |
| 3Y | -21.18 |
10/2020 09/2023 |
0.48$ | 0.77 | 1.02$ | 4.71 | 1.14$ | 8.67 | 1.28$ | 12.93 |
08/2009 07/2012 |
1.44$ | -21.18 | 12.31% |
| 5Y | -7.14 |
10/2018 09/2023 |
0.69$ | 1.84 | 1.09$ | 4.64 | 1.25$ | 6.94 | 1.39$ | 10.40 |
08/2007 07/2012 |
1.64$ | -7.14 | 6.31% |
| 7Y | -7.21 |
10/2016 09/2023 |
0.59$ | 2.64 | 1.20$ | 4.91 | 1.39$ | 6.44 | 1.54$ | 8.33 |
01/2002 12/2008 |
1.75$ | -7.21 | 7.22% |
| 10Y | -2.63 |
11/2012 10/2022 |
0.76$ | 3.57 | 1.41$ | 4.86 | 1.60$ | 5.95 | 1.78$ | 7.54 |
04/2010 03/2020 |
2.06$ | -2.14 | 7.05% |
| 15Y | 0.04 |
10/2008 09/2023 |
1.00$ | 3.59 | 1.69$ | 4.79 | 2.01$ | 5.68 | 2.29$ | 6.67 |
02/2000 01/2015 |
2.63$ | 0.04 | 0.00% |
| 20Y | 0.73 |
10/2003 09/2023 |
1.15$ | 3.04 | 1.82$ | 4.75 | 2.52$ | 5.60 | 2.97$ | 6.46 |
02/1995 01/2015 |
3.49$ | 0.73 | 0.00% |
| 30Y | 2.13 |
10/1993 09/2023 |
1.88$ | 2.13 | 1.88$ | 2.13 | 1.88$ | 2.13 | 1.88$ | 2.13 |
10/1993 09/2023 |
1.88$ | 2.13 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
Swipe left to see all data
| Rolling Period |
Worst Period |
15th Percentile |
50th Percentile |
85th Percentile |
Best Period |
Latest | Negative Periods |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return |
From To |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
From To |
Growth of 1$ |
|||
| 1Y | -33.64 |
11/2021 10/2022 |
0.66$ | -1.42 | 0.98$ | 4.27 | 1.04$ | 11.00 | 1.10$ | 67.15 |
04/1985 03/1986 |
1.67$ | -10.95 | 20.64% |
| 2Y | -20.55 |
11/2020 10/2022 |
0.63$ | 0.80 | 1.01$ | 4.18 | 1.08$ | 9.84 | 1.20$ | 49.11 |
07/1984 06/1986 |
2.22$ | -19.75 | 11.66% |
| 3Y | -16.72 |
10/2020 09/2023 |
0.57$ | 1.46 | 1.04$ | 4.28 | 1.13$ | 9.09 | 1.29$ | 30.06 |
09/1983 08/1986 |
2.20$ | -16.72 | 7.79% |
| 5Y | -3.44 |
10/2018 09/2023 |
0.83$ | 1.80 | 1.09$ | 4.43 | 1.24$ | 8.31 | 1.49$ | 28.14 |
09/1981 08/1986 |
3.45$ | -3.44 | 3.83% |
| 7Y | -3.96 |
10/2016 09/2023 |
0.75$ | 2.11 | 1.15$ | 4.28 | 1.34$ | 8.13 | 1.72$ | 20.15 |
10/1981 09/1988 |
3.61$ | -3.96 | 2.74% |
| 10Y | -0.83 |
01/1950 12/1959 |
0.92$ | 2.00 | 1.21$ | 4.39 | 1.53$ | 8.24 | 2.20$ | 17.64 |
10/1981 09/1991 |
5.07$ | 0.55 | 0.82% |
| 15Y | 0.07 |
01/1955 12/1969 |
1.01$ | 2.45 | 1.43$ | 4.28 | 1.87$ | 8.51 | 3.40$ | 14.59 |
10/1981 09/1996 |
7.71$ | 2.33 | 0.00% |
| 20Y | 0.24 |
01/1950 12/1969 |
1.04$ | 2.39 | 1.60$ | 4.27 | 2.30$ | 8.55 | 5.16$ | 13.28 |
10/1981 09/2001 |
12.10$ | 3.31 | 0.00% |
| 30Y | 1.28 |
05/1940 04/1970 |
1.46$ | 2.49 | 2.08$ | 4.10 | 3.33$ | 8.51 | 11.60$ | 11.72 |
10/1981 09/2011 |
27.81$ | 4.72 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
Swipe left to see all data
| Rolling Period |
Worst Period |
15th Percentile |
50th Percentile |
85th Percentile |
Best Period |
Latest | Negative Periods |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return |
From To |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
Growth of 1$ |
Ann. Return |
From To |
Growth of 1$ |
|||
| 1Y | -38.41 |
11/2021 10/2022 |
0.61$ | -7.49 | 0.92$ | 2.80 | 1.02$ | 12.78 | 1.12$ | 63.46 |
04/1985 03/1986 |
1.63$ | -13.91 | 38.31% |
| 2Y | -25.73 |
11/2020 10/2022 |
0.55$ | -4.32 | 0.91$ | 2.92 | 1.05$ | 10.51 | 1.22$ | 45.11 |
07/1984 06/1986 |
2.10$ | -24.15 | 30.77% |
| 3Y | -21.18 |
10/2020 09/2023 |
0.48$ | -3.08 | 0.91$ | 3.08 | 1.09$ | 9.23 | 1.30$ | 26.19 |
09/1983 08/1986 |
2.00$ | -21.18 | 29.31% |
| 5Y | -12.22 |
07/1915 06/1920 |
0.52$ | -2.10 | 0.89$ | 2.85 | 1.15$ | 8.04 | 1.47$ | 23.79 |
09/1981 08/1986 |
2.90$ | -7.14 | 32.02% |
| 7Y | -8.20 |
06/1913 05/1920 |
0.54$ | -2.32 | 0.84$ | 3.12 | 1.24$ | 7.59 | 1.66$ | 15.92 |
10/1981 09/1988 |
2.81$ | -7.21 | 31.31% |
| 10Y | -6.49 |
10/1971 09/1981 |
0.51$ | -1.86 | 0.82$ | 3.15 | 1.36$ | 7.10 | 1.98$ | 13.18 |
10/1981 09/1991 |
3.44$ | -2.14 | 34.89% |
| 15Y | -4.99 |
10/1966 09/1981 |
0.46$ | -1.40 | 0.80$ | 2.67 | 1.48$ | 6.46 | 2.55$ | 10.64 |
10/1981 09/1996 |
4.55$ | 0.04 | 32.41% |
| 20Y | -3.73 |
10/1961 09/1981 |
0.46$ | -1.28 | 0.77$ | 2.54 | 1.65$ | 5.93 | 3.16$ | 9.66 |
10/1981 09/2001 |
6.32$ | 0.73 | 30.30% |
| 30Y | -2.63 |
10/1951 09/1981 |
0.44$ | -0.77 | 0.79$ | 2.40 | 2.03$ | 5.06 | 4.39$ | 8.46 |
10/1981 09/2011 |
11.42$ | 2.13 | 19.88% |
| Annualized rolling and percentiles/median 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
In which months is it better to invest in iShares 20+ Year Treasury Bond (TLT) ETF?
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.
For further information about the seasonality, check the Asset Class Seasonality page.
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
1.63
60% |
-1.44
20% |
1.22
60% |
-1.47
60% |
-0.04
40% |
0.93
80% |
1.66
80% |
-0.41
20% |
-4.20
20% |
-2.19
20% |
2.59
80% |
-0.64
20% |
| Best |
7.7 2020 |
6.6 2020 |
6.4 2020 |
2.5 2021 |
6.8 2019 |
4.4 2021 |
4.4 2020 |
11.0 2019 |
0.8 2020 |
2.5 2021 |
7.1 2022 |
5.9 2018 |
| Worst |
-3.9 2022 |
-5.7 2021 |
-5.4 2022 |
-9.4 2022 |
-3.0 2023 |
-1.3 2022 |
-2.5 2023 |
-5.0 2020 |
-8.2 2022 |
-6.0 2022 |
-0.4 2019 |
-3.2 2019 |
Monthly Seasonality over the period Feb 1871 - Sep 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
2.74
70% |
-1.12
40% |
1.00
60% |
-1.00
50% |
0.51
60% |
0.87
70% |
1.35
70% |
0.57
40% |
-2.78
20% |
-1.15
30% |
0.49
60% |
-0.08
30% |
| Best |
9.8 2015 |
6.6 2020 |
6.4 2020 |
2.5 2021 |
6.8 2019 |
6.9 2016 |
4.5 2015 |
11.0 2019 |
2.0 2015 |
2.8 2014 |
7.1 2022 |
5.9 2018 |
| Worst |
-3.9 2022 |
-6.1 2015 |
-5.4 2022 |
-9.4 2022 |
-3.0 2023 |
-4.1 2015 |
-2.5 2023 |
-5.0 2020 |
-8.2 2022 |
-6.0 2022 |
-8.2 2016 |
-3.2 2019 |
Monthly Seasonality over the period Feb 1871 - Sep 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
0.30
64% |
0.32
67% |
0.38
69% |
0.19
63% |
0.51
66% |
0.61
66% |
0.14
57% |
0.48
59% |
0.32
65% |
0.34
63% |
0.81
74% |
0.52
64% |
| Best |
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 |
-13.1 2009 |
-8.3 1980 |
-5.4 2022 |
-9.4 2022 |
-6.8 2013 |
-4.1 2015 |
-10.0 2003 |
-5.0 2020 |
-8.2 2022 |
-8.0 1979 |
-8.2 2016 |
-6.3 2009 |
Monthly Seasonality over the period Feb 1871 - Sep 2023
Monthly Returns
This section provides a visual/tabular representation of the performance variability in the iShares 20+ Year Treasury Bond (TLT) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.
ISHARES 20+ YEAR TREASURY BOND (TLT) ETF
Monthly Returns Distribution
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1871 - 30 September 2023 (~153 years)
198 Positive Months (55%) - 162 Negative Months (45%)
1187 Positive Months (65%) - 646 Negative Months (35%)
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(Scroll down to see all data)
Investment Returns, up to December 2002, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets.
They have been derived using the historical series of equivalent ETFs / Assets.
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