(TLT) 20+ Year Treasury Bond - Overview
Etf: Treasury Securities, Long-Term Maturity, Government Bonds, U.S. Debt
Dividends
| Dividend Yield | 4.36% |
| Yield on Cost 5y | 2.80% |
| Yield CAGR 5y | 14.87% |
| Payout Consistency | 94.5% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 8.31% |
| Relative Tail Risk | 3.16% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.14 |
| Alpha | -3.01 |
| Character TTM | |
|---|---|
| Beta | 0.058 |
| Beta Downside | -0.008 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.44% |
| CAGR/Max DD | -0.07 |
Description: TLT 20+ Year Treasury Bond January 28, 2026
The iShares 20+ Year Treasury Bond ETF (TLT) commits at least 80% of its capital to the securities that compose its benchmark index, and at least 90% to U.S. Treasury bonds the manager deems necessary for accurate index tracking. The benchmark tracks public U.S. Treasury obligations with remaining maturities of 20 years or more.
As of 31 December 2024, TLT reported a 30-day SEC yield of 4.12 %, a weighted-average maturity of 27.4 years, and an expense ratio of 0.15 %. The fund’s assets under management stood at roughly $84 billion, placing it among the largest long-duration government ETFs.
Key drivers of TLT’s performance are the long-term Treasury yield curve, Federal Reserve policy on interest rates, and market expectations for inflation over the next decade. Recent data show the 20-year Treasury yield has risen from 3.8 % in early 2024 to about 4.6 % by year-end, reflecting tighter monetary conditions and elevated breakeven inflation expectations.
For a deeper quantitative view of TLT’s risk-adjusted metrics, you might explore the ValueRay analytics platform.
What is the price of TLT shares?
Over the past week, the price has changed by +0.85%, over one month by +0.68%, over three months by -1.37% and over the past year by +1.80%.
Is TLT a buy, sell or hold?
What are the forecasts/targets for the TLT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 90.9 | 3.9% |
TLT Fundamental Data Overview February 07, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 45.37b USD (45.37b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 45.37b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 45.37b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.13% (E(45.37b)/V(45.37b) * Re(6.13%) + (debt-free company))
Discount Rate = 6.13% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)