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

In the year to Oct 28, 2026, with distributions reinvested, IWM returned +14.1% and TLT −7.9%.

Which is cheaper, IWM or TLT?

TLT is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

IWM vs TLT: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, IWM returned +14.1% to TLT's −7.9%; 0% of their weight is in the same names.

askIQ about this page

askIQ about IWM and TLT

Net assets on Oct 27, 2026: $75.5bn for iShares Russell 2000 ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

IWM on its own →TLT on its own →

At a glance

+14.1%

IWM total return, 1 year

−7.9%

TLT total return, 1 year

0.19%

IWM expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.04 points a year less; their one-year returns differ by 22.0 points; IWM is 1.6 times larger.

IWM vs TLT: Differences, Returns & Fees
Measure	IWM	TLT
Return
Measure	IWM	TLT
Total return, 1 year	+14.1%	−7.9%
Drawdown
Measure	IWM	TLT
Below its high	7.6%, high on Aug 14, 2026	42.6%, high on Aug 4, 2020
Benchmark
Measure	IWM	TLT
What it tracks	Russell 2000 Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	IWM	TLT
Expense ratio	0.19%	0.15%
Net assets, as of Oct 27, 2026	$75.5bn	$47.4bn
Holdings
Measure	IWM	TLT
Holdings in common	0%
In the S&P 500, by weight	0%
Top ten holdings, share of the fund	3.3%

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

What they share

By the books each fund has filed, IWM 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 IWM TLT

Only in one fund ↓

Only in IWM

JFROG 0.37%

GLAUKOS 0.35%

TWIST BIOSCIENCE 0.35%

MOOG INC CLASS A 0.34%

BRIGHTSPRING HEALTH SERVICES INC 0.33%

UMB FINANCIAL 0.33%

SM ENERGY 0.32%

10X GENOMICS CLASS A 0.31%

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

IWM iShares Russell 2000 ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the Russell 2000 Tracks an index of 20+ year Treasuries

Total return, 1 year +14.1% −7.9%

Its benchmark over the same days +14.3% (VTWO) −7.8% (BBLB)

Gap to its benchmark −0.2 pts vs VTWO −0.1 pts vs BBLB

Expense ratio 0.19% 0.15%

Holdings 1977 47

Net assets, as of Oct 27, 2026 $75.5bn $47.4bn

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

Alert

About each fund

IWM

IWM tracks the Russell 2000. Over the year to Oct 28, 2026 it returned +14.1% with distributions reinvested, against +14.3% for its benchmark, the Russell 2000 Index. The prospectus expense ratio is 0.19% 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 1,977 positions, with the top ten at 3.3%. It sat 7.6% below its high of Aug 14, 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, IWM or TLT?: In the year to Oct 28, 2026, with distributions reinvested, IWM returned +14.1% and TLT −7.9%.
Which is cheaper, IWM or TLT?: TLT is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IWM vs VGLT EDV vs IWM BND vs IWM IEF vs IWM TLT vs VB TLT vs VTWO IJR vs TLT IJT vs TLT

Where to next

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

Sources and dates

IWM and TLT filings on SEC EDGAR ↗

IWM prospectus with the expense ratio (SEC) ↗

iShares page for IWM ↗

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

Open data →

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