Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
TLT vs VO: how they differ
TLT is a bond index fund and VO an equity index fund, and over the year VO returned more, +12.0% against −6.4%.
iShares 20+ Year Treasury Bond ETF and Vanguard Mid-Cap Index Fund.
| TLT iShares 20+ Year Treasury Bond ETF | VO Vanguard Mid-Cap Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | 20+ year Treasuries | Mid-Cap |
| Total return, 1 year | −6.4% | +12.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −23.9 pts | −5.5 pts |
| Expense ratio | 0.15% | 0.03% |
| Holdings | not filed | 282 |
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. The prospectus expense ratio is 0.15% a year. It sat 42.9% below its high of Aug 4, 2020 on Sep 11, 2026.
VO in plain words
VO is an index equity fund tracking the Mid-Cap. Over the year to Sep 11, 2026 it returned +12.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.03% a year. By its holdings filed for Jun 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 282 positions, with the top ten at 9.6%. It sat 4.1% below its high of Aug 14, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, TLT or VO?
- In the year to Sep 12, 2026, with distributions reinvested, TLT returned −6.4% and VO returned +12.0%, so VO returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, TLT or VO?
- TLT charges 0.15% a year and VO charges 0.03%, so VO is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where to next
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, TLT against VO, data as of Sep 12, 2026. https://etfiq.com/compare/any/TLT-VO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources