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

In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and TLT −7.9%.

Which is cheaper, EMB or TLT?

TLT is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

EMB vs TLT: Differences, Returns & Fees

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EMB's duration was 6.5 years on Jul 31, 2026 and TLT's 15.1 on Aug 31, 2026; TLT charges 0.15% to EMB's 0.39%.

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Net assets: $13.2bn on Oct 28, 2026 for iShares J.P. Morgan USD Emerging Markets Bond ETF, and $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF.

EMB on its own →TLT on its own →

At a glance

−0.4%

EMB total return, 1 year

−7.9%

TLT total return, 1 year

0.39%

EMB expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.24 points a year less; their one-year returns differ by 7.5 points; TLT is 3.6 times larger.

EMB vs TLT: Differences, Returns & Fees
Measure	EMB	TLT
Return
Measure	EMB	TLT
Total return, 1 year	−0.4%	−7.9%
Drawdown
Measure	EMB	TLT
Below its high	3.5%, high on Jun 29, 2026	42.6%, high on Aug 4, 2020
Benchmark
Measure	EMB	TLT
What it tracks	J.P. Morgan EMBI Global Core Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	EMB	TLT
Expense ratio	0.39%	0.15%
Net assets, as of Oct 27, 2026	$13.2bn	$47.4bn
Holdings
Measure	EMB	TLT
Holdings in common	0%

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

What they share

By the books each fund has filed, EMB 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 EMB TLT

Only in one fund ↓

Only in EMB

Argentina Republic Government International Bonds, due Jul 9, 2035 1.21%

Ecuador Government International Bonds, due Jul 31, 2035 0.78%

Argentina Republic Government International Bonds, due Jan 9, 2038 0.70%

Argentina Republic Government International Bonds, due Jul 9, 2030 0.65%

Argentina Republic Government International Bonds, due Jul 9, 2041 0.57%

Ghana Government International Bonds, due Jul 3, 2035 0.55%

Uruguay Government International Bonds, due Jun 18, 2050 0.51%

Eagle Funding Luxco Sarl, due Aug 17, 2030 0.50%

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

EMB iShares J.P. Morgan USD Emerging Markets Bond ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks the J.P. Morgan USD Emerging Markets Bond Tracks an index of 20+ year Treasuries

Total return, 1 year −0.4% −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 0.39% 0.15%

Holdings 622 47

Net assets, EMB as of Oct 28, 2026 and TLT as of Oct 27, 2026 $13.2bn $47.4bn

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

Alert

About each fund

EMB

EMB tracks the J.P. Morgan USD Emerging Markets Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested. The prospectus expense ratio is 0.39% a year. It sat 3.5% below its high of Jun 29, 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, EMB or TLT?: In the year to Oct 28, 2026, with distributions reinvested, EMB returned −0.4% and TLT −7.9%.
Which is cheaper, EMB or TLT?: TLT is cheaper, by 0.24 percentage points a year. That is about $24 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EMB vs VGLT EDV vs EMB EMB vs IUSB EMB vs IEF TLH vs TLT TLT vs XTEN TIP vs TLT PFF vs TLT

Where to next

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

Sources and dates

EMB and TLT filings on SEC EDGAR ↗

EMB prospectus with the expense ratio (SEC) ↗

iShares page for EMB ↗

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

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