iShares 20+ Year Treasury Bond ETF (TLT)

Market Price (5/25/2026): $84.52

iShares 20+ Year Treasury Bond ETF (TLT)

Market Price (5/25/2026): $84.52

Asset Allocation with TLT

	ETF	1D	1W	1M	YTD
Equity	SPY	0.4%	0.9%	5.2%	9.6%
Bond	TLT	0.5%	1.2%	-2.2%	-1.8%
Gold	GLD	-0.8%	-0.8%	-4.0%	4.4%
Commodity	DBC	-0.5%	-2.1%	2.2%	36.6%
Real Estate	VNQ	0.1%	3.0%	1.3%	10.5%
Bitcoin	BTCUSD	-2.6%	-4.5%	-3.6%	-13.7%
Cash	GOVT	0.1%	0.4%	-1.0%	-0.8%

	ETF	Return	Volatility	Sharpe
Equity	SPY	15.7%	15.3%	86.5%
Bond	TLT	-1.7%	13.6%	-26.8%
Gold	GLD	13.0%	15.1%	67.2%
Commodity	DBC	7.7%	16.7%	37.4%
Real Estate	VNQ	5.5%	17.7%	23.0%
Bitcoin	BTCUSD	66.7%	76.7%	100.5%
Cash	GOVT	0.5%	5.0%	-43.0%

Figures are on an annualized basis, based on monthly return data for the last 10 years

	ETF	Inflation Shock	Covid Pandemic	2018 Correction
Equity	SPY	-23.0%	-30.4%	-19.3%
Bond	TLT	-28.7%	10.6%	4.5%
Gold	GLD	-7.7%	-6.3%	5.0%
Commodity	DBC	20.5%	-23.7%	-17.5%
Real Estate	VNQ	-29.8%	-41.6%	-11.1%
Bitcoin	BTCUSD	-56.0%	-33.5%	-37.4%
Cash	GOVT	-12.4%	4.4%	1.6%

The table shows the return of different asset classes during market crises - specifically during the period where the S&P fell and bottomed

Protect Your Wealth
[1] Asset Allocation Audit
[2] Asset Rotation Strategies
[3] Tax-Efficient Strategies

Learn More →

Price Chart

ETF Price
Price/Gold

Top 20 Holdings for TLT

Total Weights
Top 5: 22.3% | Top 10: 42.3% | Top 20: 72.4%

	Holding	Weight
912810TT5	TREASURY BOND 4.13% 08/15/2053	4.64%
912810TV0	TREASURY BOND 4.75% 11/15/2053	4.51%
912810UK2	TREASURY BOND 4.75% 05/15/2055	4.47%
912810UA4	TREASURY BOND 4.63% 05/15/2054	4.41%
912810TB4	TREASURY BOND 1.88% 11/15/2051	4.28%
912810SZ2	TREASURY BOND 2.00% 08/15/2051	4.19%
912810TX6	TREASURY BOND 4.25% 02/15/2054	4.09%
912810UC0	TREASURY BOND 4.25% 08/15/2054	4.00%
912810TR9	TREASURY BOND 3.63% 05/15/2053	3.87%
912810UG1	TREASURY BOND 4.63% 02/15/2055	3.86%
912810UR7	TREASURY BOND (OLD) 4.75% 02/15/2056	3.78%
912810TL2	TREASURY BOND 4.00% 11/15/2052	3.64%
912810UE6	TREASURY BOND 4.50% 11/15/2054	3.47%
912810UM8	TREASURY BOND 4.75% 08/15/2055	2.95%
912810SE9	TREASURY BOND 3.38% 11/15/2048	2.82%
912810SD1	TREASURY BOND 3.00% 08/15/2048	2.77%
912810SU3	TREASURY BOND 1.88% 02/15/2051	2.75%
912810TN8	TREASURY BOND 3.63% 02/15/2053	2.73%
912810SC3	TREASURY BOND 3.13% 05/15/2048	2.63%
912810SP4	TREASURY BOND 1.38% 08/15/2050	2.56%

Performance for TLT Top Holdings

null

Guidance Updates for TLT Top Holdings

null

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
TLT Return	-5%	-31%	3%	-8%	4%	-2%	-37%
Peers Return	-5%	-31%	3%	-7%	4%	-2%	-36%
S&P 500 Return	27%	-19%	24%	23%	16%	9%	98%
Monthly Win Rates [3]
TLT Win Rate	50%	17%	50%	58%	58%	20%
Peers Win Rate	44%	17%	46%	58%	52%	20%
S&P 500 Win Rate	75%	42%	67%	75%	67%	60%
Max Drawdowns [4]
TLT Max Drawdown	-15%	-37%	-22%	-13%	-9%	-8%
Peers Max Drawdown	-15%	-36%	-23%	-13%	-10%	-8%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: VGLT, SPTL, TLH, EDV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/22/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker	1Y	3Y	5Y
TLT	-0.44	-0.45	-0.55
Bond Top Results (3Y)
USHY	0.99	0.86	0.14
SHYG	0.96	0.83	0.25
JNK	1.02	0.77	0.06
HYG	0.87	0.75	0.07
MBS	0.46	0.54	0.54

Results as of 4302026.

Event	TLT	S&P 500
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-17.5%	-9.5%
% Gain to Breakeven	21.1%	10.5%
Time to Breakeven	62 days	24 days
2016-2017 Trump Reflation Bond Selloff
% Loss	-15.1%	-3.7%
% Gain to Breakeven	17.8%	3.9%
Time to Breakeven	897 days	6 days
2013 Taper Tantrum
% Loss	-17.0%	-0.2%
% Gain to Breakeven	20.6%	0.2%
Time to Breakeven	412 days	1 days

Compare to VGLT, SPTL, TLH, EDV

In The Past

iShares 20+ Year Treasury Bond ETF's stock fell -3.8% during the 2025 US Tariff Shock. Such a loss loss requires a 4.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event

Compare to VGLT, SPTL, TLH, EDV

In The Past

iShares 20+ Year Treasury Bond ETF's stock fell -3.8% during the 2025 US Tariff Shock. Such a loss loss requires a 4.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

TLT Dip Buy History

TLT had 28 events since 1/1/2005 where the dip threshold of -5.0% within 60 days was triggered

7.9% median peak return within 1 year of dip event
198 days is the median time to peak return after a dip event
-6.6% median max drawdown within 1 year of dip event

60 Day Dip			TLT Subsequent Performance
Date	TLT	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			2%	8%	-7%	198
5152026	-6%	8%	1%	1%	-1%	7
5212025	-7%	-2%	5%	12%	0%	282
10282024	-6%	9%	3%	5%	-6%	359
3142024	-6%	10%	2%	11%	-5%	186
7052023	-6%	9%	-5%	2%	-17%	14
3022023	-6%	-2%	-2%	9%	-15%	35
8222022	-5%	4%	-13%	1%	-18%	4
2042022	-8%	-4%	-23%	2%	-33%	25
1072021	-5%	8%	-4%	3%	-12%	330
10202020	-6%	7%	-9%	2%	-15%	31
6032020	-6%	15%	-12%	8%	-15%	62
12302019	-5%	11%	17%	27%	-1%	218
11072019	-7%	9%	20%	28%	-0%	271
10032018	-5%	5%	30%	32%	-2%	329
2072018	-5%	4%	6%	7%	-4%	330
10062016	-5%	1%	-5%	0%	-12%	1
4242015	-5%	6%	2%	6%	-10%	293
6202013	-5%	2%	5%	7%	-7%	342
2012013	-5%	7%	-2%	8%	-10%	89
9142012	-6%	9%	-9%	8%	-12%	61
3132012	-5%	16%	4%	17%	-3%	134
11092010	-7%	13%	25%	34%	-7%	328
2182010	-6%	2%	5%	24%	-1%	194
12212009	-6%	7%	7%	22%	-3%	253
2272009	-6%	-9%	-7%	5%	-12%	33
6122008	-5%	1%	5%	40%	-0%	201
6072007	-6%	8%	14%	20%	-2%	287
3312006	-5%	2%	7%	10%	-4%	248

[1] Dip event defined as first instance dip threshold is triggered within a 60-day time period.
[2] Analysis for period from 1/1/2005 to 5/24/2026

TLT had 10 events since 1/1/2005 where the dip threshold of -10% within 90 days was triggered

9.2% median peak return within 1 year of dip event
293 days is the median time to peak return after a dip event
-5.1% median max drawdown within 1 year of dip event

90 Day Dip			TLT Subsequent Performance
Date	TLT	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			6%	9%	-5%	293
12272024	-10%	7%	5%	9%	-2%	299
4252024	-11%	7%	7%	17%	0%	144
8032023	-10%	14%	8%	8%	-12%	365
3172022	-11%	-6%	-18%	1%	-29%	1
2192021	-10%	13%	-3%	9%	-6%	287
11092016	-12%	4%	4%	6%	-6%	302
6032015	-12%	4%	15%	16%	-2%	253
8122013	-11%	9%	11%	12%	-4%	360
12282010	-12%	18%	34%	40%	-3%	356
4272009	-10%	-1%	-6%	1%	-12%	157

[1] Dip event defined as first instance dip threshold is triggered within a 90-day time period.
[2] Analysis for period from 1/1/2005 to 5/24/2026

TLT had 3 events since 1/1/2005 where the dip threshold of -20% within 180 days was triggered

19% median peak return within 1 year of dip event
333 days is the median time to peak return after a dip event
-5.3% median max drawdown within 1 year of dip event

180 Day Dip			TLT Subsequent Performance
Date	TLT	SPY	1Y	Peak Return	Max Drop	# Days to Peak
Median			15%	19%	-5%	333
10192023	-22%	5%	16%	27%	0%	333
4192022	-20%	3%	-10%	3%	-22%	7
9082009	-20%	18%	15%	19%	-5%	357

[1] Dip event defined as first instance dip threshold is triggered within a 180-day time period.
[2] Analysis for period from 1/1/2005 to 5/24/2026

Get Notified
Alerts when dip buy opportunities arise.

Notify Me →

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

Ticker	Name	Dip %	Mkt Price	Price Date	Peak Price	Peak Date	# Days
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	-5.4%	107.83	5242026	114.03	3012026	84
ARKK	ARK Innovation ETF	-8.2%	76.40	5242026	83.21	1132026	131
URA	Global X Uranium ETF	-20.8%	48.96	5242026	61.81	1282026	116
LIT	Global X Lithium & Battery Tech ETF	-6.9%	85.28	5242026	91.62	5112026	13
CGBL	Capital Group Core Balanced ETF	-6.2%	34.41	5242026	36.67	2252026	88
XLF	State Street Financial Select Sector SPDR ETF	-7.4%	51.94	5242026	56.11	1062026	138
XLV	State Street Health Care Select Sector SPDR ETF	-6.1%	149.89	5242026	159.54	3012026	84
XLP	State Street Consumer Staples Select Sector SPDR ETF	-5.3%	84.80	5242026	89.51	3012026	84
XLB	State Street Materials Select Sector SPDR ETF	-5.8%	50.29	5242026	53.38	2112026	102
XBI	State Street SPDR S&P Biotech ETF	-5.1%	131.66	5242026	138.67	4192026	35
ITA	iShares U.S. Aerospace & Defense ETF	-10.0%	225.37	5242026	250.42	3022026	83
XOP	State Street SPDR S&P Oil & Gas Exploration & Production ETF	-8.6%	171.95	5242026	188.18	3292026	56
TLT	iShares 20+ Year Treasury Bond ETF	-6.1%	84.68	5242026	90.16	3012026	84
VGLT	Vanguard Long-Term Treasury ETF	-5.4%	54.13	5242026	57.20	3012026	84
SPTL	State Street SPDR Portfolio Long Term Treasury ETF	-5.8%	25.71	5242026	27.28	3012026	84
TLH	iShares 10-20 Year Treasury Bond ETF	-5.3%	98.73	5242026	104.25	3012026	84
EDV	Vanguard World Funds Extended Duration ETF	-8.4%	62.59	5242026	68.33	3012026	84
GSG	iShares GSCI Commodity	-5.8%	30.01	5242026	31.85	3182026	67
GLD	SPDR Gold Trust	-16.6%	413.82	5242026	495.90	1292026	115
IAU	iShares Gold Trust	-16.5%	84.81	5242026	101.57	1292026	115
GLDM	SPDR Gold MiniShares Trust	-16.4%	89.21	5242026	106.77	1292026	115
SGOL	ETFS Physical Swiss Gold Shares	-13.1%	44.66	5242026	51.41	1292026	115
BAR	Direxion Daily Gold Bull 3X Shares	-16.6%	44.34	5242026	53.16	1292026	115
SLV	iShares Silver Trust	-35.3%	68.36	5242026	105.60	1282026	116
SIVR	ETFS Physical Silver Shares Trust ETF	-24.8%	83.39	5242026	110.87	1282026	116
PPLT	ETFS Physical Platinum Shares	-30.7%	17.47	5242026	25.23	1252026	119
CPER	United States Copper Index Fund ETV	-13.9%	33.33	5242026	38.71	1292026	115
PALL	ETFS Physical Palladium Shares	-34.1%	24.52	5242026	37.18	1282026	116
USO	United States Oil Fund LP	-7.9%	140.92	5242026	152.96	5192026	5
UNG	United States Natural Gas Fund LP	-35.3%	10.94	5242026	16.90	2012026	112
BNO	United States Brent Oil Fund LP ETV	-7.1%	55.85	5242026	60.13	5042026	20
IBIT	iShares Bitcoin Trust ETF	-22.5%	42.96	5242026	55.44	1142026	130
FBTC	Fidelity Wise Origin Bitcoin Fund	-22.5%	65.98	5242026	85.12	1142026	130
GBTC	Grayscale Bitcoin Trust ETF	-19.0%	61.84	5242026	76.31	1142026	130
ETHA	iShares Ethereum Trust ETF	-39.2%	15.57	5242026	25.59	1142026	130

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Dip buy opportunities on TLT

Dip buy opportunities across sector ETFs

Quarterly SPY valuation update

Quarterly asset allocation considerations

Inform Me Once

Trefis High Quality Strategy

Asset Allocation Audit

Asset Rotation Strategies

Tax-Efficient Strategies

About TLT

Holdings Count: 45
Expense Ratio: 0.15%
Inception Date: 2002-07-22

iShares 20+ Year Treasury Bond ETF
The iShares 20+ Year Treasury Bond ETF seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities greater than twenty years.
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NVTS	Navitas Semiconductor	6.5	20.0%	309.7%
RGTI	Rigetti Computing	8.7	19.9%	19.3%
HLIT	Harmonic	1.7	19.7%	53.7%
BB	BlackBerry	4.7	18.9%	108.7%
LPTH	LightPath Technologies	0.8	18.7%	56.9%
SHAZ	SharonAI	0.8	18.0%	-26.4%
AEVA	Aeva Technologies	1.5	17.8%	90.7%
DELL	Dell Technologies	194.8	16.8%	135.5%
AXTI	AXT	6.3	16.4%	761.3%
LION	Lionsgate Studios	4.3	15.8%	63.7%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
GKOS	Glaukos	6.9	-13.5%	6.5%
FBYD	Falcons Beyond Global	0.7	-13.3%	10.3%
BTGO	BitGo	0.8	-10.7%	-62.5%
IHRT	iHeartMedia	0.7	-9.6%	6.0%
HOV	Hovnanian Enterprises	0.7	-8.9%	7.9%
INBX	Inhibrx Biosciences	1.6	-8.4%	28.3%
BJ	BJ's Wholesale Club	11.3	-8.2%	-3.8%
OPTU	Optimum Communications	0.3	-7.4%	-59.9%
TE	T1 Energy	1.8	-7.3%	21.0%
ETON	Eton Pharmaceuticals	0.9	-6.9%	92.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
FBYD	Falcons Beyond Global	0.7	57.0%	10.3%
HIVE	HIVE Digital Technologies	1.0	51.3%	57.8%
RGTI	Rigetti Computing	8.7	48.0%	19.3%
LPTH	LightPath Technologies	0.8	47.1%	56.9%
QBTS	D-Wave Quantum	10.4	44.5%	12.4%
TE	T1 Energy	1.8	42.5%	21.0%
NVTS	Navitas Semiconductor	6.5	37.2%	309.7%
PSNL	Personalis	0.8	33.2%	6.4%
ALAB	Astera Labs	52.0	31.9%	84.5%
RXO	RXO	4.1	30.4%	92.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DSGN	Design Therapeutics	0.6	-23.7%	17.0%
BTGO	BitGo	0.8	-22.0%	-62.5%
FIGR	Figure Technology Solutions	7.3	-21.6%	-16.9%
GTN-A	Gray Media	0.8	-20.4%	-29.8%
INTU	Intuit	88.9	-18.6%	-51.5%
OPTU	Optimum Communications	0.3	-17.8%	-59.9%
EIKN	Eikon Therapeutics	0.6	-17.7%	-27.3%
GKOS	Glaukos	6.9	-16.5%	6.5%
ONDS	Ondas	3.4	-14.7%	-7.2%
STRL	Sterling Infrastructure	22.5	-13.7%	139.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MXL	MaxLinear	8.7	189.5%	468.9%
BAND	Bandwidth	1.9	167.5%	297.3%
WOLF	Wolfspeed	1.9	153.7%	301.4%
INOD	Innodata	3.1	119.6%	87.4%
FCEL	FuelCell Energy	1.2	105.5%	242.1%
VPG	Vishay Precision	1.5	96.9%	195.5%
PENG	Penguin Solutions	2.8	92.7%	172.0%
XMTR	Xometry	4.6	90.3%	50.0%
AXTI	AXT	6.3	87.1%	761.3%
INTC	Intel	609.1	79.5%	224.8%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
EMBC	Embecta	0.2	-63.7%	-71.6%
FWRD	Forward Air	0.3	-61.3%	-64.8%
OPTU	Optimum Communications	0.3	-60.4%	-59.9%
CABO	Cable One	0.3	-54.5%	-53.7%
PSIX	Power Solutions International	0.9	-50.3%	-32.0%
ERAS	Erasca	3.2	-50.0%	202.2%
TRDA	Entrada Therapeutics	0.3	-48.8%	-36.2%
BRBR	BellRing Brands	1.1	-45.3%	-66.7%
ULH	Universal Logistics	0.4	-42.8%	-6.0%
UI	Ubiquiti	37.0	-41.1%	10.6%

Short Interest

Short Interest: As Of Date	4302026
Short Interest: Shares Quantity	90.6 Mil
Short Interest: % Change Since 4152026	-2.4%
Average Daily Volume	20.9 Mil
Days-to-Cover Short Interest	4.3 days

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

iShares 20+ Year Treasury Bond ETF (TLT)

Market Price (5/25/2026): $84.52

iShares 20+ Year Treasury Bond ETF (TLT)

Market Price (5/25/2026): $84.52

Asset Allocation with TLT

Price Chart

Valuation & Yield

Top 20 Holdings for TLT

Performance for TLT Top Holdings

Guidance Updates for TLT Top Holdings

Return vs. Risk

Price Returns Compared

Sharpe Ratios Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

TLT Dip Buy History

Current Dip Buy Opportunities Across ETFs

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About TLT

Latest Trefis Analyses

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Short Interest

Returns Analyses

External Quote Links