Which returned more over the last year, BINC or TLT?

In the year to Oct 28, 2026, with distributions reinvested, BINC returned +0.5% and TLT −7.9%.

Which is cheaper, BINC or TLT?

TLT is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BINC vs TLT: Differences, Returns & Fees

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BINC's duration was 2.9 years on Jul 31, 2026 and TLT's 15.1 on Aug 31, 2026; TLT charges 0.15% to BINC's 0.40%.

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Net assets on Oct 27, 2026: $16.8bn for iShares Flexible Income Active ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

BINC on its own →TLT on its own →

At a glance

+0.5%

BINC total return, 1 year

−7.9%

TLT total return, 1 year

0.40%

BINC expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.25 points a year less; their one-year returns differ by 8.4 points; TLT is 2.8 times larger.

BINC vs TLT: Differences, Returns & Fees
Measure	BINC	TLT
Return
Measure	BINC	TLT
Total return, 1 year	+0.5%	−7.9%
Drawdown
Measure	BINC	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	BINC	TLT
What it tracks	No index, actively managed	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	BINC	TLT
Expense ratio	0.40%	0.15%
Net assets, as of Oct 27, 2026	$16.8bn	$47.4bn
Holdings
Measure	BINC	TLT
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	24.6%

Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method

Risk and return

Jun 2, 2023 to Oct 23, 2026 · 177 weekly returns

BINC TLT

Return

Total return edge BINC +21.3% −8.3%

Annualized edge BINC +5.8% −2.5%

Price return edge BINC +0.2% −20.2%

Risk

Volatility edge BINC 3.1% 13.3%

Max drawdown edge BINC −2.7% −18.5%

Risk-adjusted

Sharpe edge BINC 0.37 −0.47

Sortino edge BINC 0.57 −0.63

Calmar edge BINC 2.20 −0.14

Reading

BINC returned more: +21.3% to −8.3%. BINC swung less: 3.1% to 13.3%. BINC fell less at its worst: −2.7% to −18.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BINC vs TLT: Differences, Returns & Fees
Measure	BINC	TLT	Edge	How it is measured
Return
Total return	+21.3%	−8.3%	BINC	Price change plus distributions, reinvested.
Annualized	+5.8%	−2.5%	BINC	Total return as a yearly rate.
Price return	+0.2%	−20.2%	BINC	Price change alone, distributions left out.
Risk
Volatility	3.1%	13.3%	BINC	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.0%	9.8%	BINC	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−2.7%	−18.5%	BINC	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.37	−0.47	BINC	Return above Treasury bills per unit of volatility.
Sortino	0.57	−0.63	BINC	Return above Treasury bills per unit of downside deviation.
Calmar	2.20	−0.14	BINC	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 177 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, BINC and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BINC TLT

Only in one fund ↓

Only in BINC

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 6.83%

Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 3.48%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.35%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.57%

iShares iBoxx USD High Yield Corporate Bond ETF 1.46%

Italy Buoni Poliennali Del Tesoro, due Feb 1, 2031 1.32%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 1.10%

iShares iBoxx USD Investment Grade Corporate Bond ETF 1.06%

Only in TLT

U.S. Treasury Bonds, due May 15, 2055 4.46%

U.S. Treasury Bonds, due May 15, 2054 4.40%

U.S. Treasury Bonds, due Aug 15, 2053 4.18%

U.S. Treasury Bonds, due Feb 15, 2054 4.03%

U.S. Treasury Bonds, due Feb 15, 2056 3.94%

U.S. Treasury Bonds, due Aug 15, 2054 3.94%

U.S. Treasury Bonds, due Nov 15, 2053 3.92%

U.S. Treasury Bonds, due Feb 15, 2055 3.80%

Check overlap with more funds →

Side by side

BINC iShares Flexible Income Active ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Actively managed Tracks an index of 20+ year Treasuries

Total return, 1 year +0.5% −7.9%

Its benchmark over the same days not measured −7.8% (BBLB)

Gap to its benchmark not measured −0.1 pts vs BBLB

Expense ratio 0.40% 0.15%

Holdings 4690 47

Net assets, as of Oct 27, 2026 $16.8bn $47.4bn

BINC and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-F71B6D3BD7

BINC and TLT do different jobs. What does each one do in a portfolio?

What each follows. BINC follows No index, actively managed and TLT follows ICE U.S. Treasury 20+ Year Bond Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Aug 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 BINC returned +0.5% and TLT −7.9% with distributions reinvested, a gap of 8.4 points.

Data as of Oct 28, 2026.

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About each fund

BINC

BINC is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +0.5% with distributions reinvested. The prospectus expense ratio is 0.40% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 4,690 positions, with the top ten at 24.6%.

TLT

TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, BINC or TLT?: In the year to Oct 28, 2026, with distributions reinvested, BINC returned +0.5% and TLT −7.9%.
Which is cheaper, BINC or TLT?: TLT is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BINC vs VGLT BINC vs EDV BINC vs IEF BINC vs GOVT IEI vs TLT SCHP vs TLT HYG vs TLT TIP vs TLT

Where to next

BINC on its own →TLT on its own →Hold both: look the portfolio through →Rankings →BINC dividend history →BINC holdings →TLT dividend history →TLT holdings →Standards and sources →

Sources and dates

BINC filings on SEC EDGAR ↗

BINC prospectus with the expense ratio (SEC) ↗

iShares page for BINC ↗

TLT filings on SEC EDGAR ↗

TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLT ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, BINC against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/binc-vs-tlt

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.