Data as of Oct 28, 2026.
LTTI vs TLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, LTTI returned −7.7% to TLT's −7.9%, and TLT charges 0.15% to LTTI's 0.65%.
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Net assets on Oct 27, 2026: $14m for FT Vest 20+ Year Treasury & Target Income ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
TLT costs 0.50 points a year less; their one-year returns differ by 0.2 points; TLT is far larger, $47.4bn against $14m.
| Measure | LTTI | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | −7.7% | −7.9% |
| Price change, 1 year | fell 15.5% | fell 12.0% |
| Latest payout, annualized | 9.1% | |
| Return of capital, issuer estimate | 100% of the Oct 2, 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 | 0.65% | 0.15% |
| Net assets, as of Oct 27, 2026 | $14m | $47.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsEach against its own benchmark: LTTI against TLT, Feb 21, 2025 to Oct 23, 2026; TLT against BBLB, Apr 28, 2023 to Oct 23, 2026.
TLT returned more: −2.2% to −2.6%. LTTI swung slightly less: 10.0% to 10.8%. LTTI fell slightly less at its worst: −11.6% to −12.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | LTTI | TLT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −2.6% | −2.2% | TLT | Price change plus distributions, reinvested. |
| Annualized | −1.6% | −1.3% | TLT | Total return as a yearly rate. |
| Price return | −15.6% | −9.2% | TLT | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 10.0% | 10.8% | LTTI (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.0% | 8.3% | LTTI (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.6% | −12.0% | LTTI (slight) | Deepest fall from a high to the low after it. |
| Upside capture | 85.8% | 102.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 92.7% | 101.2% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.92 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.97 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.50 | −0.44 | TLT | Return above Treasury bills per unit of volatility. |
| Sortino | −0.63 | −0.57 | TLT (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | −0.055 | −0.072 | Return above Treasury bills per unit of beta. | |
| Calmar | −0.13 | −0.11 | TLT | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | TLT | BBLB | The ETF each fund is measured against. | |
| Alpha | −0.7% a year | 0.0% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.55 | −0.01 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.2% to +1.8% | −0.8% to +0.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.17 | −0.10 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.8% | 0.7% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, LTTI and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
LTTI and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
LTTI and TLT do different jobs. What does each one do in a portfolio?
- What each follows. LTTI is measured against 20+ Year Treasury through TLT and TLT follows ICE U.S. Treasury 20+ Year Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. LTTI charges 0.65% of assets a year and TLT 0.15%, a gap of 0.50 points.
Data as of Oct 28, 2026.
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LTTI
Over the year to Oct 28, 2026, LTTI paid 8.1% of its starting value in cash distributions while its price fell 15.5%. With every distribution reinvested, the fund returned −7.7%. 20+ Year Treasury (TLT) returned −7.9% over the same days, so a holder was about even. At its price on Oct 28, 2026 the latest distribution annualizes to 9.1%, paid monthly. First Trust estimates that 100% of the distribution paid Oct 2, 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 LTTI and TLT in the same category?
- LTTI 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 returned more over the last year, LTTI or TLT?
- In the year to Oct 28, 2026, with distributions reinvested, LTTI returned −7.7% and TLT −7.9%.
- Which is cheaper, LTTI or TLT?
- TLT is cheaper, by 0.50 percentage points a year. That is about $50 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, LTTI against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/ltti-vs-tlt
ETFIQ. (Oct 28, 2026). LTTI against TLT. Retrieved from https://etfiq.com/compare/any/ltti-vs-tlt
[LTTI against TLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ltti-vs-tlt)
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