Data as of Nov 4, 2026.
ASGM vs TLT: Differences, Returns & Fees
Over the year to Nov 4, 2026, ASGM returned +22.8% to TLT's −4.8%, and TLT charges 0.15% to ASGM's 0.86%.
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Net assets: $8.5m on Jul 31, 2026 for Virtus AlphaSimplex Global Macro ETF, and $48.3bn on Nov 3, 2026 for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
TLT costs 0.71 points a year less; their one-year returns differ by 27.6 points.
| Measure | ASGM | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | +22.8% | −4.8% |
| Total return, 52 weeks | +21.9% | |
| Drawdown | ||
| Below its high | 41.8%, high on Aug 4, 2020 | |
| Against its benchmark | ||
| What it tracks | not published | ICE U.S. Treasury 20+ Year Bond Index |
| Treasury bills, 52 weeks | +3.7% | |
| Against cash | 18.2 points ahead | |
| Cost and size | ||
| Expense ratio | 0.86% | 0.15% |
| Net assets, ASGM as of Jul 31, 2026 and TLT as of Nov 3, 2026 | $8.5m | $48.3bn |
| Holdings | ||
| Holdings in common | not published | |
| Risk | ||
| Correlation with the S&P 500’s weekly returns | +0.85 | |
| Beta to the S&P 500 | +1.08: about 1.08% for each 1% | |
| Its average week when the S&P 500 fell | fell 1.25% | |
| Down-week capture | 116.3% | |
| Weeks the S&P 500 fell | 26 of 52, by 1.07% on average | |
Side by side
ASGM and TLT on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.
ASGM
ASGM is a global macro fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.85 with the S&P 500’s and a beta of +1.08, so for each 1% the index moved it moved about 1.08% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks ASGM fell 1.25% on average, a down-week capture of 116.3%. Over the same 52 weeks ASGM returned +21.9% and a Treasury bill fund +3.7%, so it finished 18.2 percentage points ahead of cash.
TLT
TLT tracks an index of 20+ year Treasuries. Over the year to Nov 4, 2026 it returned −4.8% with distributions reinvested, against −4.7% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 41.8% below its high of Aug 4, 2020 on Nov 4, 2026.
Questions people ask
- Are ASGM and TLT in the same category?
- ASGM is an alternatives ETF and TLT is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, ASGM or TLT?
- In the year to Nov 4, 2026, with distributions reinvested, ASGM returned +22.8% and TLT −4.8%.
- Which is cheaper, ASGM or TLT?
- TLT is cheaper, by 0.71 percentage points a year. That is about $71 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, ASGM against TLT, data as of Nov 4, 2026. https://etfiq.com/compare/any/asgm-vs-tlt
ETFIQ. (Nov 4, 2026). ASGM against TLT. Retrieved from https://etfiq.com/compare/any/asgm-vs-tlt
[ASGM against TLT (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/any/asgm-vs-tlt)
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