Summary
TLTW
Prices · period metrics · 12M
NAV as of 16/07/2026
02/04/2025 → 02/04/2026
Return 7.90% Volatility 9.00% Sharpe 0.20
Official loaded data — not a live quote.

ISHARES 20+ YEAR TREASURY BOND BUYWRITE STRATEGY ETF

Symbol: TLTW

Exchange: BATS

Sector: N/A

Category: Long Government

Inception date: 18/08/2022

Latest date: 16/07/2026

Current price: $21.75

Expense ratio: 0.35%

Assets under management
$1.9B
0.42% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

-1.69%

Ann. -27.68% (Sharpe / Sortino numerator)

Volatility

12.10%

Sharpe ratio

-2.587

VaR 95%

-1.26%

CVaR 95%: -1.55%
Max drawdown: -4.53%
Sortino ratio: -3.883
Calmar ratio: -6.12

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-0.94%

Ann. 0.79% (Sharpe / Sortino numerator)

Volatility

9.67%

Sharpe ratio

-0.293

VaR 95%

-1.10%

CVaR 95%: -1.36%
Max drawdown: -5.22%
Sortino ratio: -0.426
Calmar ratio: 0.15

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

-0.31%

Ann. 0.69% (Sharpe / Sortino numerator)

Volatility

8.46%

Sharpe ratio

-0.347

VaR 95%

-0.93%

CVaR 95%: -1.20%
Max drawdown: -5.22%
Sortino ratio: -0.511
Calmar ratio: 0.13

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

7.90%

Ann. 5.39% (Sharpe / Sortino numerator)

Volatility

9.00%

Sharpe ratio

0.196

VaR 95%

-0.96%

CVaR 95%: -1.43%
Max drawdown: -5.80%
Sortino ratio: 0.254
Calmar ratio: 0.93

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

8.40%

Ann. 5.98% (Sharpe / Sortino numerator)

Volatility

9.60%

Sharpe ratio

0.245

VaR 95%

-1.07%

CVaR 95%: -1.51%
Max drawdown: -11.11%
Sortino ratio: 0.320
Calmar ratio: 0.54

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

0.43%

Ann. 0.26% (Sharpe / Sortino numerator)

Volatility

10.61%

Sharpe ratio

-0.318

VaR 95%

-1.23%

CVaR 95%: -1.71%
Max drawdown: -17.19%
Sortino ratio: -0.411
Calmar ratio: 0.01

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 16/07/2025 - 16/07/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.031%

Best day

1.375%

10/10/2025
Worst day

-1.804%

20/03/2026
Days with data

251

Recent price history (last 90 days)

Date Open High Low Close Volume
16/07/2026 $21.66 $21.75 $21.64 $21.75 662,600
15/07/2026 $21.70 $21.79 $21.70 $21.76 769,800
14/07/2026 $21.73 $21.80 $21.70 $21.71 1,521,200
13/07/2026 $21.73 $21.76 $21.67 $21.69 1,426,900
10/07/2026 $21.81 $21.86 $21.77 $21.82 1,062,400
09/07/2026 $21.75 $21.87 $21.75 $21.82 1,175,600
08/07/2026 $21.79 $21.82 $21.71 $21.80 2,210,800
07/07/2026 $21.99 $22.00 $21.84 $21.85 1,470,500
06/07/2026 $22.06 $22.07 $22.00 $22.06 1,009,300
02/07/2026 $22.05 $22.15 $22.05 $22.09 1,024,900