HYG vs TLT

iShares iBoxx $ High Yield Corporate Bond ETF against iShares 20+ Year Treasury Bond ETF — live side-by-side technical comparison.

Prices as of 2026-11-09T21:00:00+00:00 UTC · updates daily

Who leads right now

HYG leads 6 of the 7 windows we measure — over 1 month HYG is +0.4% and TLT +5.1%; over year to date HYG is -3.9% and TLT -6.0%. The HYG/TLT price ratio stands at 0.9457, below its 50-day average of 0.9679, and above the 200-day average of 0.9413. A ratio above its own average means HYG is gaining on TLT; on this reading the recent edge belongs to TLT.

HYG/TLT over the last year

HYG/TLT price ratio · dashed: its 50- and 200-day lines · ratio above its 50-day line = HYG gaining on TLT
0.88430.92450.96471.005
Both rebased to 100 on 2025-11-07
90.9996.5100101.3HYGTLT
Ask
Compare HYG and TLT: which has been stronger over the last year, and where does each stand against its 200-day average? Ask the analyst about this pair →

Performance side by side

HYGTLT
Price$77.51 $81.96
1 day +0.4%lead +0.1%
5 days +0.8%lead +0.3%
1 month +0.4% +5.1%lead
6 months -3.3%lead -4.8%
Year to date -3.9%lead -6.0%
1 year -3.5%lead -8.5%
2 years -2.9%lead -11.4%
52-week position 23% of range 38% of range
52-week range $76.39–$81.24 $76.43–$90.86
vs 50-day average below $77.76 above $80.36
vs 200-day average below $79.41 below $84.45
RSI (14) 52 61
Next earnings — —

Where each one stands

HYG — iShares iBoxx $ High Yield Corporate Bond ETF

HYG trades at $77.51, below its 50-day average of $77.76, and below the 200-day at $79.41. It sits at 23% of its 52-week range ($76.39–$81.24); 14-day RSI is 52, in neutral territory; an average session moves it about 0.4%. For levels, the first level overhead is $77.76 (0.3% away) and the first support below is $77.06 (0.6% down). On the checklist the page runs for every asset, 2 of 6 checks read bullish — the lean is bearish.

TLT — iShares 20+ Year Treasury Bond ETF

TLT trades at $81.96, above its 50-day average of $80.36, and below the 200-day at $84.45. It sits at 38% of its 52-week range ($76.43–$90.86); 14-day RSI is 61, in neutral territory; an average session moves it about 0.9%. For levels, the first level overhead is $82.13 (0.2% away) and the first support below is $80.81 (1.4% down). On the checklist the page runs for every asset, 4 of 6 checks read bullish — the lean is bullish.

Which one moves harder

TLT is the more volatile of the two — an average session moves it 0.9% against 0.4% for HYG, so an identical position size carries roughly 2.2× the daily risk.

What would change the picture

The comparison turns on those levels: HYG clearing $77.76 or losing $77.06; TLT clearing $82.13 or losing $80.81. Until one of them gives way, the relative reading above stands.

Questions people ask about HYG vs TLT

Which is performing better right now, HYG or TLT?
Over the past month HYG is +0.4% and TLT is +5.1%, so TLT is ahead on that window. Year to date the figures are -3.9% for HYG and -6.0% for TLT.
Which has done better over the last year, HYG or TLT?
Over the last year HYG is -3.5% and TLT is -8.5%, so HYG is ahead on that window. Over two years it is -2.9% against -11.4%.
Is HYG or TLT more volatile?
TLT is the more volatile of the two — an average session moves it 0.9% against 0.4% for HYG, so an identical position size carries roughly 2.2× the daily risk.
What are the key levels for HYG and TLT?
HYG: resistance $77.76, support $77.06; TLT: resistance $82.13, support $80.81. Levels come from recent swing zones and round numbers, recomputed daily.
What does the HYG/TLT ratio mean?
It is simply HYG's price divided by TLT's — 0.9457 today. When the ratio rises, HYG is outperforming; when it falls, TLT is. Comparing it to its own 50- and 200-day averages shows whether the current leadership is new or long-standing.

Full technical briefs

HYG →
iShares iBoxx $ High Yield Corporate Bond ETF
Full technical brief: trend, levels, chart, news
TLT →
iShares 20+ Year Treasury Bond ETF
Full technical brief: trend, levels, chart, news

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