Are QTR and TLT in the same category?

QTR is an alternatives 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, QTR or TLT?

In the year to Nov 4, 2026, with distributions reinvested, QTR returned +6.0% and TLT −4.8%.

Which is cheaper, QTR or TLT?

TLT is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Across categories

QTR vs TLT: Differences, Returns & Fees

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Over the year to Nov 4, 2026, QTR returned +6.0% to TLT's −4.8%, and TLT charges 0.15% to QTR's 0.25%.

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Net assets: $10m on Oct 12, 2026 for Global X NASDAQ 100 Tail Risk ETF, and $48.3bn on Nov 3, 2026 for iShares 20+ Year Treasury Bond ETF.

QTR on its own →TLT on its own →

At a glance

+6.0%

QTR total return, 1 year

−4.8%

TLT total return, 1 year

0.25%

QTR expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.10 points a year less; their one-year returns differ by 10.8 points; TLT is far larger, $48.6bn against $10m.

QTR vs TLT: Differences, Returns & Fees
Measure	QTR	TLT
Return
Measure	QTR	TLT
Total return, 1 year	+6.0%	−4.8%
Total return, 52 weeks	+5.4%
Drawdown
Measure	QTR	TLT
Below its high		41.8%, high on Aug 4, 2020
Against its benchmark
Measure	QTR	TLT
What it tracks	not published	ICE U.S. Treasury 20+ Year Bond Index
Treasury bills, 52 weeks	+3.7%
Against cash	1.7 points ahead
Cost and size
Measure	QTR	TLT
Expense ratio	0.25%	0.15%
Net assets, as of Oct 12, 2026	$10m	$48.6bn
Holdings
Measure	QTR	TLT
Holdings in common	not published
Risk
Measure	QTR	TLT
Correlation with the S&P 500’s weekly returns	+0.91
Beta to the S&P 500	+1.34: about 1.34% for each 1%
Its average week when the S&P 500 fell	fell 1.79%
Down-week capture	167.0%
Weeks the S&P 500 fell	26 of 52, by 1.07% on average

Method

Side by side

QTR Global X NASDAQ 100 Tail Risk ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Alternatives ETF Bond ETF

Issuer Global X iShares

What it is Hedged equity Tracks an index of 20+ year Treasuries

Total return, 1 year +6.0% −4.8%

Its benchmark over the same days +14.8% (VOO) −4.7% (BBLB)

Gap to its benchmark −8.8 pts vs VOO −0.1 pts vs BBLB

Expense ratio 0.25% 0.15%

Holdings not read by ETFIQ 47

Net assets, QTR as of Oct 12, 2026 and TLT as of Nov 3, 2026 $10m $48.3bn

QTR and TLT on the fields both publish, as of Nov 4, 2026. Source: ETFIQ.

Alert

About each fund

QTR

QTR is a hedged equity fund. ETFIQ measures what every alternatives fund is sold on: whether it moves differently from the stock market. Over the year to Nov 4, 2026, its weekly returns had a correlation of +0.91 with the S&P 500’s and a beta of +1.34, so for each 1% the index moved it moved about 1.34% the same way. The S&P 500 fell in 26 of those 52 weeks, by 1.07% on average. In the same weeks QTR fell 1.79% on average, a down-week capture of 167.0%. Over the same 52 weeks QTR returned +5.4% and a Treasury bill fund +3.7%, so it finished 1.7 percentage points ahead of cash.

TLT

TLT tracks an index of 20+ year Treasuries. Over the year to Nov 4, 2026 it returned −4.8% with distributions reinvested, against −4.7% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 41.8% below its high of Aug 4, 2020 on Nov 4, 2026.

Questions people ask

Are QTR and TLT in the same category?: QTR is an alternatives 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, QTR or TLT?: In the year to Nov 4, 2026, with distributions reinvested, QTR returned +6.0% and TLT −4.8%.
Which is cheaper, QTR or TLT?: TLT is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

AGG vs QTR BND vs QTR GLD vs QTR QTR vs SPY TLT vs XTR SHDG vs TLT HEQT vs TLT HEDG vs TLT

Where to next

BIL, the T-bill fund these are measured against →SPY, the S&P 500 fund these are measured against →QTR on its own →TLT on its own →Hold both: look the portfolio through →Rankings →QTR dividend history →TLT dividend history →TLT holdings →Standards and sources →

Sources and dates

QTR filings on SEC EDGAR ↗

QTR prospectus with the expense ratio (SEC) ↗

Global X page for QTR ↗

TLT filings on SEC EDGAR ↗

TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLT ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, QTR against TLT, data as of Nov 4, 2026. https://etfiq.com/compare/any/qtr-vs-tlt

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