TLT (iShares 20+ Year Treasury Bond ETF) — over the past 10 years it returned about -0.9% annualized on a total-return basis, yields roughly 4.81%, and had a worst drawdown near -48.4%. Here is the full picture — and you can backtest it yourself for free.
$10,000, 10 years on
A $10,000 investment 10 years ago, dividends reinvested, would be worth about $9,058 today.
Sortino
0.02
Volatility
14.7%
$10k → today
$9,058
Dividend history
| Year | Dividend / share | YoY growth |
|---|---|---|
| 2020 | $2.37 | — |
| 2021 | $2.22 | -6.3% |
| 2022 | $2.66 | 19.8% |
| 2023 | $3.34 | 25.9% |
| 2024 | $3.75 | 12.3% |
| 2025 | $3.86 | 2.8% |
Risk & return vs the S&P 500
| Metric | TLT | SPY |
|---|---|---|
| CAGR | -0.9% | 15.1% |
| Volatility | 14.7% | 17.7% |
| Sharpe | 0.01 | 0.88 |
| Sortino | 0.02 | 1.08 |
| Max drawdown | -48.4% | -33.7% |
| Dividend yield | 4.81% | 0.98% |