TLT
StockiShares 20+ Year Treasury Bond ETF
One email when a drop — in price or in valuation — is historically rare for TLT. Otherwise we stay quiet.
This is the kind of decline worth waking up for.
iShares 20+ Year Treasury Bond ETF is 42.8% off its high — among the deepest declines in its recorded history.
Very Large
Current Drawdown
-42.8%
Days in Drawdown
2168
Avg Max Drawdown
3.6%
Avg Length
78
Drawdown Severity Score™
9.9
TLT - Price & High Water Mark
TLT - Drawdown Timeline
How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.
iShares 20+ Year Treasury Bond ETF (TLT) Analysis: Current Drawdown Insights
iShares 20+ Year Treasury Bond ETF is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-14, the stock is trading at $84.08, which represents a 42.8% decline from its all-time high of $147.03. This drawdown has persisted for 2168 days.
Based on its full tracked price history, iShares 20+ Year Treasury Bond ETF typically experiences drawdowns averaging 3.6% in depth, with an average duration of 78 days. iShares 20+ Year Treasury Bond ETF has gone through 82 total drawdown events in its tracked history. The largest drawdown on record for iShares 20+ Year Treasury Bond ETF was 26.6%, beginning in 2008. The longest drawdown duration on record was 1087 days.
The Drawdown Severity Score™ for iShares 20+ Year Treasury Bond ETF currently stands at 9.94. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 8.0 and 12.0 indicates an extremely rare, severe drawdown: the asset almost never experiences declines of this magnitude in its tracked history.
Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing iShares 20+ Year Treasury Bond ETF's historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.
📜 Historical Drawdown Events
Current drawdown shown in blue. Showing the most recent and the deepest of 82 tracked pullbacks (56 listed).
| Start Date | End Date | Duration | Max Depth | Start Price | Lowest Price | Recovery Price |
|---|---|---|---|---|---|---|
| 2020-08-06 | Ongoing | 2168 days | -42.8% | $147.03 | $84.08 | n/a |
| 2020-07-31 | 2020-08-04 | 5 days | -0.6% | $146.47 | $145.64 | $147.03 |
| 2020-04-22 | 2020-07-30 | 100 days | -8.6% | $146.07 | $133.47 | $146.47 |
| 2020-03-10 | 2020-04-21 | 43 days | -15.7% | $145.86 | $122.92 | $146.07 |
| 2020-03-04 | 2020-03-05 | 2 days | -1.1% | $133.12 | $131.71 | $134.99 |
| 2020-03-02 | 2020-03-03 | 2 days | -0.7% | $132.06 | $131.09 | $133.12 |
| 2020-02-26 | 2020-02-27 | 2 days | -0.5% | $128.44 | $127.76 | $129.14 |
| 2019-08-29 | 2020-02-20 | 176 days | -8.2% | $124.40 | $114.14 | $124.71 |
| 2019-08-16 | 2019-08-27 | 12 days | -2.5% | $123.98 | $120.86 | $124.24 |
| 2019-08-13 | 2019-08-14 | 2 days | -0.3% | $120.33 | $119.92 | $122.62 |
| 2019-08-09 | 2019-08-12 | 4 days | -0.2% | $118.11 | $117.87 | $120.33 |
| 2019-07-05 | 2019-08-01 | 28 days | -3.1% | $112.73 | $109.26 | $113.84 |
| 2016-07-11 | 2019-07-02 | 1087 days | -17.9% | $111.74 | $91.76 | $111.93 |
| 2016-07-07 | 2016-07-08 | 2 days | -0.0% | $110.93 | $110.92 | $111.74 |
| 2016-06-29 | 2016-07-01 | 3 days | -0.8% | $108.32 | $107.49 | $109.38 |
| 2016-06-17 | 2016-06-27 | 11 days | -3.1% | $105.99 | $102.70 | $108.09 |
| 2016-06-14 | 2016-06-15 | 2 days | -0.1% | $105.15 | $105.07 | $105.48 |
| 2015-02-02 | 2016-06-09 | 493 days | -15.8% | $103.69 | $87.29 | $104.18 |
| 2015-01-29 | 2015-01-30 | 2 days | -0.7% | $102.55 | $101.88 | $103.69 |
| 2015-01-21 | 2015-01-28 | 8 days | -1.5% | $101.20 | $99.67 | $102.55 |
| 2015-01-16 | 2015-01-20 | 5 days | -1.3% | $101.16 | $99.87 | $101.20 |
| 2015-01-07 | 2015-01-12 | 6 days | -1.5% | $98.72 | $97.22 | $98.84 |
| 2014-12-17 | 2015-01-05 | 20 days | -3.2% | $95.48 | $92.44 | $96.97 |
| 2014-12-15 | 2014-12-16 | 2 days | -0.2% | $94.50 | $94.31 | $95.48 |
| 2012-07-26 | 2014-12-10 | 868 days | -20.7% | $92.41 | $73.32 | $92.86 |
| 2012-06-04 | 2012-07-23 | 50 days | -4.4% | $90.96 | $86.96 | $91.45 |
| 2012-05-21 | 2012-05-30 | 10 days | -1.3% | $86.48 | $85.34 | $87.83 |
| 2011-12-20 | 2012-05-17 | 149 days | -10.4% | $85.15 | $76.28 | $86.46 |
| 2011-10-04 | 2011-12-19 | 77 days | -10.9% | $84.68 | $75.44 | $85.15 |
| 2011-09-23 | 2011-10-03 | 11 days | -4.9% | $83.99 | $79.84 | $84.68 |
| 2011-09-13 | 2011-09-19 | 7 days | -2.1% | $77.65 | $76.02 | $78.03 |
| 2011-09-07 | 2011-09-09 | 3 days | -1.9% | $77.55 | $76.07 | $77.57 |
| 2011-08-22 | 2011-09-02 | 12 days | -4.4% | $75.63 | $72.28 | $76.75 |
| 2008-12-31 | 2011-08-18 | 960 days | -26.6% | $74.76 | $54.89 | $75.03 |
| 2008-12-22 | 2008-12-30 | 9 days | -1.1% | $74.74 | $73.90 | $74.76 |
| 2008-12-10 | 2008-12-15 | 6 days | -0.2% | $68.72 | $68.56 | $69.47 |
| 2008-12-05 | 2008-12-09 | 5 days | -1.8% | $68.65 | $67.39 | $68.72 |
| 2008-11-21 | 2008-11-26 | 6 days | -3.0% | $63.62 | $61.72 | $63.62 |
| 2008-10-07 | 2008-11-19 | 44 days | -6.4% | $60.18 | $56.33 | $60.50 |
| 2008-09-18 | 2008-10-06 | 19 days | -5.0% | $59.58 | $56.62 | $60.18 |
| 2008-09-16 | 2008-09-17 | 2 days | -0.0% | $59.30 | $59.28 | $59.58 |
| 2008-09-10 | 2008-09-15 | 6 days | -2.0% | $58.58 | $57.43 | $59.30 |
| 2008-09-05 | 2008-09-08 | 4 days | -0.1% | $57.79 | $57.76 | $58.00 |
| 2008-03-24 | 2008-09-04 | 165 days | -7.5% | $57.49 | $53.18 | $57.79 |
| 2008-01-23 | 2008-03-19 | 56 days | -5.4% | $56.69 | $53.61 | $57.35 |
| 2008-01-18 | 2008-01-22 | 5 days | -0.7% | $56.47 | $56.09 | $56.69 |
| 2008-01-16 | 2008-01-17 | 2 days | -0.7% | $56.16 | $55.75 | $56.47 |
| 2007-11-27 | 2008-01-15 | 50 days | -5.0% | $55.69 | $52.91 | $56.16 |
| 2007-11-20 | 2007-11-21 | 2 days | -0.1% | $54.19 | $54.14 | $54.45 |
| 2007-11-13 | 2007-11-15 | 3 days | -0.4% | $53.41 | $53.21 | $53.77 |
| 2007-11-05 | 2007-11-09 | 5 days | -0.5% | $53.05 | $52.77 | $53.22 |
| 2006-12-05 | 2007-08-31 | 269 days | -8.0% | $51.13 | $47.03 | $51.15 |
| 2005-07-01 | 2006-11-24 | 512 days | -10.8% | $50.36 | $44.90 | $50.41 |
| 2005-02-10 | 2005-05-18 | 97 days | -6.6% | $48.33 | $45.16 | $48.55 |
| 2003-06-16 | 2004-12-15 | 549 days | -15.7% | $45.96 | $38.75 | $45.97 |
| 2003-03-13 | 2003-05-08 | 56 days | -5.6% | $42.54 | $40.14 | $42.61 |
| 2002-09-25 | 2003-02-20 | 149 days | -6.7% | $41.25 | $38.49 | $41.27 |
How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).
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Or explore current drawdowns:
iShares 20+ Year Treasury Bond ETF (TLT) is trading at $84.08 as of Jul 14, 2026. It is 42.8% below its high of $147.03. The drawdown has lasted 2,168 days. Severity score: 9.9 (Very Large).
TLT Price History and Drawdown Data
Latest price
$84.08
High-water mark
$147.03
Current drawdown
-42.8%
Days in drawdown
2,168
This TLT page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior iShares 20+ Year Treasury Bond ETF drawdowns.
What History Says About TLT
iShares 20+ Year Treasury Bond ETF has dropped 10%+ from its high 9 times in its tracked history. These events lasted an average of 526 days with an average max drop of -16.1%.
The current drawdown of -42.8% has lasted 2,168 days, which is 4.1x the average duration of comparable events.
| Period | Max Drop | Duration |
|---|---|---|
| Dec 2008 to Aug 2011 | -26.6% | 960 days |
| Jul 2012 to Dec 2014 | -20.7% | 868 days |
| Jul 2016 to Jul 2019 | -17.9% | 1087 days |
| Feb 2015 to Jun 2016 | -15.8% | 493 days |
| Mar 2020 to Apr 2020 | -15.7% | 43 days |
| Jun 2003 to Dec 2004 | -15.7% | 549 days |
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