TLT (iShares 20+ Year Treasury Bond ETF) — over the past 10 years it returned about -0.7% annualized on a total-return basis, yields roughly 4.69%, 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 $9,257 today.
Sortino
0.04
Volatility
14.7%
$10k → today
$9,257
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 | -0.7% | 14.2% |
| Volatility | 14.7% | 17.9% |
| Sharpe | 0.03 | 0.83 |
| Sortino | 0.04 | 1.01 |
| Max drawdown | -48.4% | -33.7% |
| Dividend yield | 4.69% | 1.02% |