Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
QUAL vs TLT: how they differ
QUAL is an equity index fund and TLT a bond index fund, and over the year QUAL returned more, +16.0% against −6.4%.
iShares MSCI USA Quality Factor ETF and iShares 20+ Year Treasury Bond ETF.
| QUAL iShares MSCI USA Quality Factor ETF | TLT iShares 20+ Year Treasury Bond ETF | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | iShares |
| What it is | MSCI USA Quality Factor | 20+ year Treasuries |
| Total return, 1 year | +16.0% | −6.4% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.5 pts | −23.9 pts |
| Expense ratio | 0.15% | 0.15% |
| Holdings | 121 | not filed |
QUAL in plain words
QUAL is an index equity fund tracking the MSCI USA Quality Factor. Over the year to Sep 11, 2026 it returned +16.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. By its holdings filed for Apr 30, 2026, 99% of the fund by weight is stocks the S&P 500 also holds, across 121 positions, with the top ten at 39.1%. It sat 3.1% below its high of Aug 13, 2026 on Sep 11, 2026.
TLT in plain words
TLT is a bond fund tracking the 20+ year Treasuries. Over the year to Sep 11, 2026 it returned −6.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. It sat 42.9% below its high of Aug 4, 2020 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, QUAL or TLT?
- In the year to Sep 12, 2026, with distributions reinvested, QUAL returned +16.0% and TLT returned −6.4%, so QUAL returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, QUAL or TLT?
- QUAL charges 0.15% a year and TLT charges 0.15%, so QUAL is cheaper. Fees come from each fund's prospectus.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, QUAL against TLT, data as of Sep 12, 2026. https://etfiq.com/compare/any/QUAL-TLT Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources