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

In the year to Oct 28, 2026, with distributions reinvested, SPSB returned +2.2% and TLT −7.9%.

Which is cheaper, SPSB or TLT?

SPSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SPSB vs TLT: Differences, Returns & Fees

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SPSB's duration was 1.8 years on Jun 30, 2026 and TLT's 15.1 on Aug 31, 2026; SPSB charges 0.04% to TLT's 0.15%.

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Net assets on Oct 27, 2026: $11.3bn for State Street SPDR Portfolio Short Term Corporate Bond ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

SPSB on its own →TLT on its own →

At a glance

+2.2%

SPSB total return, 1 year

−7.9%

TLT total return, 1 year

0.04%

SPSB expense ratio

0.15%

TLT expense ratio

Pair scorecard

SPSB costs 0.11 points a year less; their one-year returns differ by 10.1 points; TLT is 4.2 times larger.

SPSB vs TLT: Differences, Returns & Fees
Measure	SPSB	TLT
Return
Measure	SPSB	TLT
Total return, 1 year	+2.2%	−7.9%
Drawdown
Measure	SPSB	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	SPSB	TLT
What it tracks	Bloomberg U.S. 1-3 Year Corporate Bond Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	SPSB	TLT
Expense ratio	0.04%	0.15%
Net assets, as of Oct 27, 2026	$11.3bn	$47.4bn
Holdings
Measure	SPSB	TLT
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

What they share

By the books each fund has filed, SPSB and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SPSB TLT

Only in one fund ↓

Only in SPSB

Salesforce Inc, due Mar 15, 2029 0.56%

AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Oct 29, 2028 0.44%

Bank of America Corp, due Dec 20, 2028 0.42%

Citigroup Inc, due Mar 4, 2029 0.42%

Morgan Stanley, due Apr 10, 2030 0.38%

JPMorgan Chase & Co, due Jul 25, 2028 0.38%

Pfizer Investment Enterprises Pte Ltd, due May 19, 2028 0.37%

Sprint Capital Corp, due Nov 15, 2028 0.37%

Only in TLT

U.S. Treasury Bonds, due May 15, 2055 4.46%

U.S. Treasury Bonds, due May 15, 2054 4.40%

U.S. Treasury Bonds, due Aug 15, 2053 4.18%

U.S. Treasury Bonds, due Feb 15, 2054 4.03%

U.S. Treasury Bonds, due Feb 15, 2056 3.94%

U.S. Treasury Bonds, due Aug 15, 2054 3.94%

U.S. Treasury Bonds, due Nov 15, 2053 3.92%

U.S. Treasury Bonds, due Feb 15, 2055 3.80%

Check overlap with more funds →

Side by side

SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street iShares

What it is Tracks an index of Short Term Corporate Bond Tracks an index of 20+ year Treasuries

Total return, 1 year +2.2% −7.9%

Its benchmark over the same days −1.4% (AGG) −7.8% (BBLB)

Gap to its benchmark +3.6 pts vs AGG −0.1 pts vs BBLB

Expense ratio 0.04% 0.15%

Holdings 1684 47

Net assets, as of Oct 27, 2026 $11.3bn $47.4bn

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

Alert

About each fund

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.

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, SPSB or TLT?: In the year to Oct 28, 2026, with distributions reinvested, SPSB returned +2.2% and TLT −7.9%.
Which is cheaper, SPSB or TLT?: SPSB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

SPSB vs VGLT EDV vs SPSB SPSB vs VGIT SPSB vs VCIT IGSB vs TLT TLT vs VCSH BSV vs TLT TLT vs ZROZ

Where to next

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

Sources and dates

SPSB filings on SEC EDGAR ↗

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

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