(TLH) 10-20 Year Treasury Bond - Overview
Etf: U.S. Treasury Bonds, 10-20 Year Maturity, Government Debt
Dividends
| Dividend Yield | 4.56% |
| Yield on Cost 5y | 3.31% |
| Yield CAGR 5y | 17.46% |
| Payout Consistency | 92.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 6.40% |
| Relative Tail Risk | 2.84% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.05 |
| Alpha | -0.08 |
| Character TTM | |
|---|---|
| Beta | 0.019 |
| Beta Downside | -0.037 |
| Drawdowns 3y | |
|---|---|
| Max DD | 18.44% |
| CAGR/Max DD | 0.06 |
Description: TLH 10-20 Year Treasury Bond January 02, 2026
The iShares 10-20 Year Treasury Bond ETF (TLH) aims to replicate the performance of an index that tracks U.S. Treasury securities with remaining maturities between ten and twenty years. By law, at least 80 % of its assets must be held in the index’s component securities, and at least 90 % must be U.S. Treasuries that the manager believes will keep tracking error low.
Key quantitative characteristics (as of December 2025) include an expense ratio of 0.05 %, assets under management of roughly $30 billion, a weighted-average maturity of about 14 years, and a 30-day SEC yield near 2.1 %. The fund’s effective duration hovers around 12.5 years, making it highly sensitive to changes in long-term interest rates.
Primary drivers of TLH’s performance are macro-level factors: (1) Federal Reserve policy on the federal funds rate and its forward guidance on the longer end of the yield curve; (2) inflation expectations, which influence real yields on Treasury securities; and (3) the Treasury’s issuance schedule, especially any large “run-off” of maturing debt that could tighten supply in the 10-20-year segment. A sudden shift in any of these variables could materially affect TLH’s price and total return.
For a deeper, data-rich analysis of TLH’s risk-return profile, you may find the ETF’s dashboard on ValueRay worth a look.
What is the price of TLH shares?
Over the past week, the price has changed by +0.66%, over one month by +0.45%, over three months by -0.33% and over the past year by +4.23%.
Is TLH a buy, sell or hold?
What are the forecasts/targets for the TLH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 107 | 5% |
TLH 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 = 12.59b USD (12.59b + (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 12.59b)
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 12.59b / 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 = 5.99% (E(12.59b)/V(12.59b) * Re(5.99%) + (debt-free company))
Discount Rate = 5.99% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)