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

In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and TLT −7.9%.

Which is cheaper, BOND or TLT?

TLT is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BOND vs TLT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOND returned −1.4% to TLT's −7.9%, and TLT charges 0.15% to BOND's 0.54%.

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Net assets: $8.3bn on Jun 30, 2026 for PIMCO Active Bond Exchange-Traded Fund, and $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF.

BOND on its own →TLT on its own →

At a glance

−1.4%

BOND total return, 1 year

−7.9%

TLT total return, 1 year

0.54%

BOND expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.39 points a year less; their one-year returns differ by 6.5 points.

BOND vs TLT: Differences, Returns & Fees
Measure	BOND	TLT
Return
Measure	BOND	TLT
Total return, 1 year	−1.4%	−7.9%
Drawdown
Measure	BOND	TLT
Below its high	3.1%, high on Feb 27, 2026	42.6%, high on Aug 4, 2020
Benchmark
Measure	BOND	TLT
What it tracks	No index, actively managed	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	BOND	TLT
Expense ratio	0.54%	0.15%
Net assets, BOND as of Jun 30, 2026 and TLT as of Oct 27, 2026	$8.3bn	$47.4bn
Holdings
Measure	BOND	TLT
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

What they share

By the books each fund has filed, BOND and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BOND TLT

U.S. Treasury Bonds, due May 15, 2055 0.38% 4.46%

U.S. Treasury Bonds, due Feb 15, 2056 0.09% 3.94%

U.S. Treasury Bonds, due Aug 15, 2045 0.00% 0.00%

U.S. Treasury Bonds, due Aug 15, 2044 1.94% 0.00%

Only in one fund ↓

Only in BOND

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 5.56%

PIMCO Mortgage-Backed Securities Active Exchange-Traded Fund 4.07%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 3.46%

U.S. Treasury Bonds, due Feb 15, 2043 3.39%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.73%

U.S. Treasury Bonds, due Nov 15, 2045 2.57%

Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 2.54%

Uniform Mortgage-Backed Security, TBA, due Aug 1, 2056 2.27%

Only in TLT

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 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%

U.S. Treasury Bonds, due Nov 15, 2051 3.76%

U.S. Treasury Bonds, due Nov 15, 2054 3.75%

Check overlap with more funds →

Side by side

BOND PIMCO Active Bond Exchange-Traded Fund TLT iShares 20+ Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer PIMCO iShares

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

Total return, 1 year −1.4% −7.9%

Its benchmark over the same days −1.4% (AGG) −7.8% (BBLB)

Gap to its benchmark 0.0 pts vs AGG −0.1 pts vs BBLB

Expense ratio 0.54% 0.15%

Holdings 1565 47

Net assets, BOND as of Jun 30, 2026 and TLT as of Oct 27, 2026 $8.3bn $47.4bn

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

Alert

About each fund

BOND

BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.

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, BOND or TLT?: In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and TLT −7.9%.
Which is cheaper, BOND or TLT?: TLT is cheaper, by 0.39 percentage points a year. That is about $39 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BOND vs EDV BOND vs VGLT BOND vs IEF BOND vs GOVT IUSB vs TLT TLT vs XTEN TLT vs VCLT TLT vs VUSB

Where to next

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

Sources and dates

BOND filings on SEC EDGAR ↗

BOND prospectus with the expense ratio (SEC) ↗

PIMCO website ↗

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.

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

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