SPY vs TLT

SPDR S&P 500 ETF against iShares 20+ Year Treasury Bond ETF — live side-by-side technical comparison.

Prices as of 2026-11-06T21:00:00+00:00 UTC · updates daily

Who leads right now

SPY leads 3 of the 5 windows we measure — over 1 month SPY is -5.4% and TLT +6.2%; over year to date SPY is +7.8% and TLT -6.0%. The SPY/TLT price ratio stands at 8.9757, below its 50-day average of 9.5312, and above the 200-day average of 8.6712. A ratio above its own average means SPY is gaining on TLT; on this reading the recent edge belongs to TLT.

Performance side by side

SPYTLT
Price$735.29 $81.92
1 day +0.3%lead -0.0%
5 days -2.7% +0.1%lead
1 month -5.4% +6.2%lead
6 months +0.2%lead -4.8%
Year to date +7.8%lead -6.0%
52-week position 70% of range 38% of range
52-week range $629.28–$781.62 $76.43–$90.86
vs 50-day average below $765.68 above $80.38
vs 200-day average above $730.38 below $84.47
RSI (14) 35 70
Next earnings ——

Where each one stands

SPY — SPDR S&P 500 ETF

SPY trades at $735.29, below its 50-day average of $765.68, and above the 200-day at $730.38. It sits at 70% of its 52-week range ($629.28–$781.62); 14-day RSI is 35, in neutral territory; an average session moves it about 1.5%. For levels, the first level overhead is $750.00 (2.0% away) and the first support below is $730.38 (0.7% 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 $81.92, above its 50-day average of $80.38, and below the 200-day at $84.47. It sits at 38% of its 52-week range ($76.43–$90.86); 14-day RSI is 70, in overbought territory; an average session moves it about 0.9%. For levels, the first level overhead is $82.13 (0.3% 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

SPY is the more volatile of the two — an average session moves it 1.5% against 0.9% for TLT, so an identical position size carries roughly 1.7× the daily risk.

What would change the picture

The comparison turns on those levels: SPY clearing $750.00 or losing $730.38; TLT clearing $82.13 or losing $80.81. Until one of them gives way, the relative reading above stands.

Questions people ask about SPY vs TLT

Which is performing better right now, SPY or TLT?
Over the past month SPY is -5.4% and TLT is +6.2%, so TLT is ahead on that window. Year to date the figures are +7.8% for SPY and -6.0% for TLT.
Is SPY or TLT more volatile?
SPY is the more volatile of the two — an average session moves it 1.5% against 0.9% for TLT, so an identical position size carries roughly 1.7× the daily risk.
What are the key levels for SPY and TLT?
SPY: resistance $750.00, support $730.38; TLT: resistance $82.13, support $80.81. Levels come from recent swing zones and round numbers, recomputed daily.
What does the SPY/TLT ratio mean?
It is simply SPY's price divided by TLT's — 8.9757 today. When the ratio rises, SPY 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

SPY →
SPDR S&P 500 ETF
Full technical brief: trend, levels, chart, news
TLT →
iShares 20+ Year Treasury Bond ETF
Full technical brief: trend, levels, chart, news

Related comparisons

QQQ vs SPYIWM vs SPY