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

In the year to Oct 28, 2026, with distributions reinvested, SDY returned +16.5% and TLT −7.9%.

Which is cheaper, SDY or TLT?

TLT is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SDY vs TLT: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SDY returned +16.5% to TLT's −7.9%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $21.9bn for State Street SPDR S&P Dividend ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

SDY on its own →TLT on its own →

At a glance

+16.5%

SDY total return, 1 year

−7.9%

TLT total return, 1 year

0.35%

SDY expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.20 points a year less; their one-year returns differ by 24.4 points; TLT is 2.2 times larger.

SDY vs TLT: Differences, Returns & Fees
Measure	SDY	TLT
Return
Measure	SDY	TLT
Total return, 1 year	+16.5%	−7.9%
Drawdown
Measure	SDY	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	SDY	TLT
What it tracks	S&P High Yield Dividend Aristocrats Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	SDY	TLT
Expense ratio	0.35%	0.15%
Net assets, as of Oct 27, 2026	$21.9bn	$47.4bn
Holdings
Measure	SDY	TLT
Holdings in common	0%
In the S&P 500, by weight	84%
Top ten holdings, share of the fund	20.4%

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

What they share

By the books each fund has filed, SDY 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 SDY TLT

Only in one fund ↓

Only in SDY

ACCENTURE PLC CL A 3.73%

VERIZON COMMUNICATIONS INC 2.81%

CHEVRON CORP 2.15%

REALTY INCOME CORP 1.94%

PEPSICO INC 1.82%

MEDTRONIC PLC 1.79%

TARGET CORP 1.59%

AUTOMATIC DATA PROCESSING 1.55%

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

SDY State Street SPDR S&P Dividend ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Stock ETF Bond ETF

Issuer State Street iShares

What it is Tracks the S&P Dividend Tracks an index of 20+ year Treasuries

Total return, 1 year +16.5% −7.9%

Its benchmark over the same days not measured −7.8% (BBLB)

Gap to its benchmark not measured −0.1 pts vs BBLB

Expense ratio 0.35% 0.15%

Holdings 156 47

Net assets, as of Oct 27, 2026 $21.9bn $47.4bn

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

Alert

About each fund

SDY

SDY tracks the S&P Dividend. Over the year to Oct 28, 2026 it returned +16.5% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 156 positions, with the top ten at 20.4%.

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, SDY or TLT?: In the year to Oct 28, 2026, with distributions reinvested, SDY returned +16.5% and TLT −7.9%.
Which is cheaper, SDY or TLT?: TLT is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

EDV vs SDY SDY vs VGLT BNDX vs SDY AGG vs SDY TLT vs VOE DVY vs TLT COWZ vs TLT NOBL vs TLT

Where to next

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

Sources and dates

SDY filings on SEC EDGAR ↗

SDY prospectus with the expense ratio (SEC) ↗

State Street website ↗

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.

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

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