Long term treasuries represent the subset of government bonds between 10 and 30 years maturity. They are a volatile bond option best used to complement volatile stocks.
Asset Settings
Not all long term treasury bonds are the same, and the numbers depend on your local currency and inflation. Choose the target market and home country, and the page will display funds and data that apply to you.
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Index Funds
United States Long Term Treasury Bonds
ETFs in the United States
| Ticker | Provider | Index | Expense Ratio | |
|---|---|---|---|---|
| VGLT | Vanguard | BBG US Long Treasury | 0.03 | |
ISIN: US92206C8477; Dividends: Distributing; Notes: — | ||||
| SPTL | State Street | BBG US Long Treasury | 0.03 | |
ISIN: US78464A6644; Dividends: Distributing; Notes: — | ||||
| SCHQ | Charles Schwab | BBG US Long Treasury | 0.03 | |
ISIN: US8085246804; Dividends: Distributing; Notes: — | ||||
| TLT | iShares | ICE US Treasury 20+ | 0.15 | |
ISIN: US4642874329; Dividends: Distributing; Notes: — | ||||
No funds found. See alternatives.
Notes Definitions
- +SCB — Total market fund that includes small caps (85% LCB + 15% SCB)
- +EM — Global fund that includes emerging markets (~90% DEV + 10% EM)
- -CAN — Excludes Canada (or other specified country normally in the index)
- Acc — Accumulating
- Dist — Distributing
Assume there are errors and always do your own research. No listings or links are sponsored. Because they track similar indices, all funds should have similar returns before fees.
/// Report an error or suggest a fund ///
Alternatives
Other options when no long term bond funds are available
- Intermediate Term Treasury Bonds — Intermediate bonds are the closest option to long term bonds and are plentiful in any market.
- USA / Europe Long Term Treasury Bonds — Long term bond funds are more common in large markets.
- Directly Owned Bonds — Bonds can be directly purchased from the government. For long term treasuries, create a ladder by buying bonds with 30 years to maturity and rolling them over into new ones once they have just 10 years remaining.
Definition
The Portfolio Charts long term treasury bond data tracks the segment of the bond market with maturities between 10 years and 30 years. It also focuses exclusively on debt issued by countries, not companies. In the US they are called treasury bonds, but they may go by other names in different countries. For example, they’re called bunds in Germany and gilts in the UK.
Treasury bonds issued by the government are generally considered safer than corporate bonds issued by a company. While the data does not cover corporate bonds, the returns of treasury bonds are usually very similar investment-grade corporate bonds with a similarly high credit rating.
Long term bonds are the most volatile bond option, and their value can swing just as sharply as stocks. Investors who use bonds as safe alternatives to risky stocks will prefer short term bonds. But those interested in risk-parity portfolios with multiple uncorrelated assets will find the volatility of long term bonds to be a positive.
Performance
Since 1970, an investor in the United States holding United States long term treasury bonds earned an average 3.8% real return, with a baseline CAGR of 1.6% over 15 years. Its worst peak-to-trough loss was 46%, and the longest a new investment spent below water was under 18 years.
United States Long Term Treasury Bond Performance
| # | Metric | What it measures |
|---|---|---|
| 3.8% | Average return | Mean annual return after inflation |
| 1.6% | Baseline real return (15 years) | What 15-year stretches returned in the weaker outcomes |
| 46% | Deepest drawdown | Worst peak-to-trough loss after inflation |
| 18 years | Longest drawdown | Longest a new investment stayed below what you put in |
| 13.1% | Volatility (standard deviation) | Year-to-year variation in returns |
See this asset in the Annual Returns, Long Term Returns, and Drawdowns charts.
Chart
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Portfolios
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Data for all markets and home countries
Long Term Treasury Bond Data for All Markets and Home Countries
Everything this page knows about long term treasury bonds, as plain text for readers and assistants that cannot use the controls above: first the performance stats for every market and home country, then every index fund on this page by market and home country. The blocks above show one market and one home country at a time; these tables show all of them.
To open this page on a specific market and home country, link readers to it with ?market=MARKET&home=COUNTRY added to the URL, using the codes shown in parentheses — market codes on the rows of the stats tables and in the Market column of the fund tables, home country codes on the stats tables' headings and in the Home countries column of the fund tables (e.g. ?market=eur&home=deu). Either parameter may be omitted; the defaults are the United States for both. The asset itself is fixed by the page, so ?pk= has no effect here. More in the Guide for AI Assistants.
Long Term Treasury Bond Performance by Market and Home Country
Long Term Treasury Bonds in all 2 markets the data tracks, for all 12 home countries, 1970–2025. Each row is one market; each table is one home country.
United States (usa)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 4.8% | 3.0% | 54% | 22 years | 16.0% |
| United States (usa) | 3.8% | 1.6% | 46% | 18 years | 13.1% |
Australia (aus)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 5.1% | 2.0% | 46% | 18 years | 18.1% |
| United States (usa) | 4.6% | 1.9% | 51% | 18 years | 19.2% |
Canada (can)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 5.5% | 2.5% | 50% | 16 years | 16.9% |
| United States (usa) | 4.6% | 2.6% | 38% | 15 years | 15.5% |
France (fra)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 4.4% | 2.2% | 45% | 16 years | 12.5% |
| United States (usa) | 4.3% | 2.3% | 54% | 19 years | 16.6% |
Germany (deu)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 4.1% | 2.0% | 49% | 16 years | 12.9% |
| United States (usa) | 3.9% | 2.6% | 54% | 19 years | 16.2% |
Italy (ita)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 4.4% | 2.2% | 48% | 15 years | 12.6% |
| United States (usa) | 4.3% | 1.7% | 44% | 18 years | 16.4% |
Japan (jpn)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 4.6% | 1.7% | 57% | 26 years | 15.5% |
| United States (usa) | 4.1% | 0.9% | 66% | 27 years | 16.5% |
Netherlands (nld)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 3.9% | 1.5% | 50% | 16 years | 13.0% |
| United States (usa) | 3.6% | 2.0% | 57% | 21 years | 16.3% |
Spain (esp)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 3.7% | 1.8% | 49% | 17 years | 14.2% |
| United States (usa) | 3.6% | 1.2% | 61% | 23 years | 17.6% |
Sweden (swe)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 5.4% | 3.4% | 45% | 15 years | 15.7% |
| United States (usa) | 5.3% | 2.7% | 49% | 13 years | 19.3% |
Switzerland (che)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 3.2% | 0.2% | 56% | 22 years | 13.8% |
| United States (usa) | 2.9% | 1.1% | 64% | 26 years | 16.5% |
United Kingdom (gbr)
| Market | Average | Baseline | Deepest | Longest | Volatility |
|---|---|---|---|---|---|
| Europe (eur) | 4.5% | 2.0% | 52% | 18 years | 15.4% |
| United States (usa) | 4.5% | 1.2% | 59% | 19 years | 19.7% |
Long Term Treasury Bond Index Funds by Market and Home Country
Every long term treasury bond index fund on this page: 31 fund listings across 2 markets, available to investors in 10 home countries. Each table is one target market (the region the fund invests in); each row is one fund, listed once with every home country it is sold in.
Home country codes: Canada (can), France (fra), Germany (deu), Italy (ita), Japan (jpn), Netherlands (nld), Spain (esp), Switzerland (che), United Kingdom (gbr), United States (usa).
Europe Long Term Treasury Bonds (eur)
| Market | ISIN | Tickers | Provider | Index | Expense Ratio | Dividends | Notes | Home countries |
|---|---|---|---|---|---|---|---|---|
| eur | LU1686832194 | MTH | Amundi | BBG Euro Treasury 50bn 25+ | 0.07 | Accumulating | — | fra, deu, ita, nld, esp, gbr |
| eur | LU1686832277 | DFOB | Amundi | BBG Euro Treasury 50bn 25+ | 0.07 | Distributing | — | fra, deu, nld, esp, gbr |
| eur | LU1287023268 | LYXF, EM15, MTF | Amundi | BBG Euro Treasury 50bn 15+ | 0.15 | Accumulating | — | fra, deu, ita, nld, esp, che, gbr |
| eur | IE00B1FZS913 | IBGL, IBCL, IBGLz | iShares | BBG Euro Gov Bond 15-30 | 0.15 | Distributing | — | fra, deu, ita, nld, esp, che, gbr |
| eur | IE00BSKRJX20 | E20Y, IS05 | iShares | iBoxx EUR Eurozone 20 TD | 0.15 | Distributing | — | fra, deu, ita, nld, esp, che, gbr |
| eur | IE000GHXL2Q3 | CEB1 | iShares | iBoxx EUR Eurozone 20 TD | 0.15 | Accumulating | — | fra, deu, ita, nld, esp, che, gbr |
| eur | IE00BYSZ6062 | SYBV, LGOV | State Street | BBG Euro Gov Bond 10+¬† | 0.15 | Distributing | — | fra, deu, ita, nld, esp, gbr |
| eur | LU0290357507 | DBXF, X15E | Xtrackers | iBoxx EUR Eurozone 15-30 | 0.15 | Accumulating | — | fra, deu, ita, nld, esp, gbr |
| eur | LU0290357846 | DBXG, X25E | Xtrackers | iBoxx EUR Eurozone 25+ | 0.15 | Accumulating | — | fra, deu, ita, nld, esp, gbr |
| eur | LU2090062782 | E15G | Amundi | BBG Euro Treasury 50bn 15+ | 0.17 | Distributing | — | fra, deu, che, gbr |
United States Long Term Treasury Bonds (usa)
| Market | ISIN | Tickers | Provider | Index | Expense Ratio | Dividends | Notes | Home countries |
|---|---|---|---|---|---|---|---|---|
| usa | JP3050370000 | 180A | Global X | ICE U.S. Treasury 25+ | 0 | Distributing | — | jpn |
| usa | US8085246804 | SCHQ | Charles Schwab | BBG US Long Treasury | 0.03 | Distributing | — | usa |
| usa | US78464A6644 | SPTL | State Street | BBG US Long Treasury | 0.03 | Distributing | — | usa |
| usa | US92206C8477 | VGLT | Vanguard | BBG US Long Treasury | 0.03 | Distributing | — | usa |
| usa | IE00BYSZ5V04 | LUTR, SPPX | State Street | BBG US 10+ Year Treasury | 0.05 | Distributing | — | fra, deu, ita, nld, esp, gbr |
| usa | LU1407890620 | US10, DJAD, LYUS10, U10G | Amundi | BBG US Long Treasury | 0.06 | Distributing | — | fra, deu, ita, nld, esp, che, gbr |
| usa | LU1407890547 | U10C, US10C | Amundi | BBG US Long Treasury | 0.06 | Accumulating | — | fra, deu, ita, esp, che, gbr |
| usa | IE000GE4QIR1 | TRLA, TRLP, TRXL | Invesco | BBG US Long Treasury | 0.06 | — | — | fra, deu, nld, esp, che, gbr |
| usa | IE00BKWD3743 | TREL, TRDL, TRLX | Invesco | BBG US Long Treasury | 0.06 | Distributing | — | fra, deu, ita, nld, esp, che |
| usa | LU2662649412 | XUTL | Xtrackers | BBG US Long Treasury | 0.06 | Distributing | — | fra, deu, ita, esp, gbr |
| usa | IE000GBYNAU4 | ADLU, ADLT | BNP Paribas | ICE US Treasury 25+ | 0.07 | Accumulating | — | fra, deu, ita, nld, esp, che |
| usa | IE000WPH0239 | A2DU, A2DT | BNP Paribas | ICE US Treasury 25+ | 0.07 | Distributing | — | fra, deu, nld, esp, che |
| usa | IE00BFM6TC58 | DTLA | iShares | ICE US Treasury 20+ Year | 0.07 | Accumulating | — | fra, deu, ita, nld, esp, che, gbr |
| usa | IE00BSKRJZ44 | IDTL, IBTL, IS04 | iShares | ICE US Treasury 20+ Year | 0.07 | Distributing | — | fra, deu, ita, nld, esp, che, gbr |
| usa | JP3050390008 | 182A | MAXIS | ICE US Treasury 20+ | 0.12 | Distributing | — | jpn |
| usa | US4642874329 | TLT | iShares | ICE US Treasury 20+ | 0.15 | Distributing | — | usa |
| usa | CA45031A2048 | XTLT.U | BlackRock | ICE U.S. Treasury 20+ | 0.18 | Distributing | — | can |
| usa | CA45031A1057 | XTLT | BlackRock | ICE U.S. Treasury 20+ | 0.18 | Distributing | — | can |
| usa | CA55454Q1072 | QTLT | Mackenzie | Solactive US 20+ Year Treasury | 0.18 | Distributing | — | can |
| usa | CA05582Y1007 | ZTL | BMO | BBG U.S. Treasury 20+ | 0.2 | Distributing | — | can |
| usa | CA05582Y2096 | ZTL.U | BMO | BBG U.S. Treasury 20+ | 0.2 | Distributing | — | can |