Data as of Oct 28, 2026.
FIYY vs TLT: Differences, Returns & Fees
FIYY and TLT are measured over different days, and TLT charges 0.15% to FIYY's 1.07%.
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Net assets on Oct 27, 2026: $717,341 for GraniteShares YieldBOOST 20Y+ Treasuries ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
TLT costs 0.92 points a year less.
| Measure | FIYY | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | not published | −7.9% |
| Cash paid, share of starting value, since May 5, 2026 | 1.7% | |
| Price change, since May 5, 2026 | fell 4.8% | |
| Latest payout, annualized | 2.0% | |
| Return of capital, issuer estimate | 79% of the Jul 7, 2026 payment | |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | Benchmark: 20+ Year Treasury, measured through TLT | ICE U.S. Treasury 20+ Year Bond Index |
| Cost and size | ||
| Expense ratio | 1.07% | 0.15% |
| Net assets, as of Oct 27, 2026 | $717,341 | $47.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
May 15, 2026 to Oct 23, 2026 · 23 weekly returnsTLT returned more: −0.9% to −1.2%. FIYY fell less at its worst: −5.0% to −9.9%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | FIYY | TLT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −1.2% | −0.9% | TLT | Price change plus distributions, reinvested. |
| Price return | −2.5% | −2.8% | FIYY (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −5.0% | −9.9% | FIYY | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 23 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FIYY and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
FIYY and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: ETFIQ prints no one-year total return for FIYY; the two funds' holdings are dated 119 days apart.
FIYY
Over the period from its first trade on May 5, 2026 to Oct 28, 2026, FIYY paid 1.7% of its starting value in cash distributions while its price fell 4.8%. With every distribution reinvested, the fund returned −3.1%. 20+ Year Treasury (TLT) returned −3.3% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 2.0%, paid weekly. GraniteShares estimates that 79% of the distribution paid Jul 7, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
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
- Are FIYY and TLT in the same category?
- FIYY is an option-income ETF and TLT is a bond ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which is cheaper, FIYY or TLT?
- TLT is cheaper, by 0.92 percentage points a year. That is about $92 on $10,000 held for a year. Fees come from each fund's prospectus.
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, FIYY against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/fiyy-vs-tlt
ETFIQ. (Oct 28, 2026). FIYY against TLT. Retrieved from https://etfiq.com/compare/any/fiyy-vs-tlt
[FIYY against TLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fiyy-vs-tlt)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.