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

In the year to Oct 28, 2026, with distributions reinvested, DVY returned +17.1% and TLT −7.9%.

Which is cheaper, DVY or TLT?

TLT is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

DVY vs TLT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, DVY returned +17.1% to TLT's −7.9%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $23.4bn for iShares Select Dividend ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

DVY on its own →TLT on its own →

At a glance

+17.1%

DVY total return, 1 year

−7.9%

TLT total return, 1 year

0.38%

DVY expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.23 points a year less; their one-year returns differ by 25.0 points; TLT is 2.0 times larger.

DVY vs TLT: Differences, Returns & Fees
Measure	DVY	TLT
Return
Measure	DVY	TLT
Total return, 1 year	+17.1%	−7.9%
Drawdown
Measure	DVY	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	DVY	TLT
What it tracks	Dow Jones U.S. Select Dividend Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	DVY	TLT
Expense ratio	0.38%	0.15%
Net assets, as of Oct 27, 2026	$23.4bn	$47.4bn
Holdings
Measure	DVY	TLT
Holdings in common	0%
In the S&P 500, by weight	80%
Top ten holdings, share of the fund	19.7%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, DVY and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DVY TLT

Only in one fund ↓

Only in DVY

HP INC 2.54%

PFIZER 2.42%

ALTRIA GROUP INC 2.27%

PRUDENTIAL FINANCIAL INC 2.12%

T ROWE PRICE GROUP 2.00%

ONEOK 1.87%

KIMBERLY CLARK 1.65%

VERIZON COMMUNICATIONS INC 1.65%

Only in TLT

TREASURY BOND 4.32%

TREASURY BOND 4.12%

TREASURY BOND (OLD) 4.07%

TREASURY BOND 4.02%

TREASURY BOND 3.93%

TREASURY BOND 3.92%

TREASURY BOND 3.89%

TREASURY BOND 3.88%

Check overlap with more funds →

Side by side

DVY iShares Select Dividend ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of US dividend Tracks an index of 20+ year Treasuries

Total return, 1 year +17.1% −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 0.38% 0.15%

Holdings 101 47

Net assets, as of Oct 27, 2026 $23.4bn $47.4bn

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

Alert

About each fund

DVY

DVY tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.38% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 19.7%.

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, DVY or TLT?: In the year to Oct 28, 2026, with distributions reinvested, DVY returned +17.1% and TLT −7.9%.
Which is cheaper, DVY or TLT?: TLT is cheaper, by 0.23 percentage points a year. That is about $23 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

DVY vs VGLT DVY vs EDV DVY vs IUSB DVY vs IEF RSP vs TLT TLT vs VOE SDY vs TLT NOBL vs TLT

Where to next

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

Sources and dates

DVY and TLT filings on SEC EDGAR ↗

DVY prospectus with the expense ratio (SEC) ↗

iShares page for DVY ↗

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

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