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

In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and TLT −7.9%.

Which is cheaper, MTUM or TLT?

Neither: MTUM and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MTUM vs TLT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, MTUM returned +18.4% to TLT's −7.9%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $18.7bn for iShares MSCI USA Momentum Factor ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

MTUM on its own →TLT on its own →

At a glance

+18.4%

MTUM total return, 1 year

−7.9%

TLT total return, 1 year

0.15%

MTUM expense ratio

0.15%

TLT expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 26.3 points; TLT is 2.5 times larger.

Points (pts) are percentage points.

MTUM vs TLT: Differences, Returns & Fees
Measure	MTUM	TLT
Return
Measure	MTUM	TLT
Total return, 1 year	+18.4%	−7.9%
Drawdown
Measure	MTUM	TLT
Below its high	11.9%, high on Jun 22, 2026	42.6%, high on Aug 4, 2020
Benchmark
Measure	MTUM	TLT
What it tracks	MSCI USA Momentum SR Variant Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	MTUM	TLT
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$18.7bn	$47.4bn
Holdings
Measure	MTUM	TLT
Holdings in common	0%
In the S&P 500, by weight	93%
Top ten holdings, share of the fund	35.5%

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

What they share

By the books each fund has filed, MTUM 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 MTUM TLT

Only in one fund ↓

Only in MTUM

ADVANCED MICRO DEVICES 6.06%

MICRON TECHNOLOGY 5.00%

INTEL CORPORATION 3.92%

CISCO SYSTEMS INC 3.64%

JOHNSON & JOHNSON 3.45%

EXXONMOBIL HOLDINGS CORP 2.96%

PALO ALTO NETWORKS 2.88%

ALPHABET CLASS A 2.62%

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

MTUM iShares MSCI USA Momentum Factor ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer iShares iShares

What it is Tracks the MSCI USA Momentum Factor Tracks an index of 20+ year Treasuries

Total return, 1 year +18.4% −7.9%

Its benchmark over the same days +13.6% (MLRG) −7.8% (BBLB)

Gap to its benchmark +4.8 pts vs MLRG −0.1 pts vs BBLB

Expense ratio 0.15% 0.15%

Holdings 126 47

Net assets, as of Oct 27, 2026 $18.7bn $47.4bn

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

Alert

About each fund

MTUM

MTUM tracks the MSCI USA Momentum Factor. Over the year to Oct 28, 2026 it returned +18.4% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 126 positions, with the top ten at 35.5%. It sat 11.9% below its high of Jun 22, 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. 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, MTUM or TLT?: In the year to Oct 28, 2026, with distributions reinvested, MTUM returned +18.4% and TLT −7.9%.
Which is cheaper, MTUM or TLT?: Neither: MTUM and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

MTUM vs VGLT EDV vs MTUM MTUM vs VCIT MTUM vs VCLT AVUS vs TLT SPHQ vs TLT SPMO vs TLT TLT vs USMV

Where to next

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

Sources and dates

MTUM and TLT filings on SEC EDGAR ↗

MTUM prospectus with the expense ratio (SEC) ↗

iShares page for MTUM ↗

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.

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

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