Data as of Oct 28, 2026.
SPTL vs TLH: Differences, Returns & Fees
SPTL's duration was 14.1 years on Jun 30, 2026 and TLH's 11.8 on Aug 31, 2026; SPTL charges 0.03% to TLH's 0.15%.
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Net assets on Oct 27, 2026: $11.6bn for State Street SPDR Portfolio Long Term Treasury ETF and $12.1bn for iShares 10-20 Year Treasury Bond ETF.
Pair scorecard
SPTL costs 0.12 points a year less; their one-year returns differ by 1.1 points.
| Measure | SPTL | TLH |
|---|---|---|
| Return | ||
| Total return, 1 year | −6.7% | −5.6% |
| Drawdown | ||
| Below its high | 38.9%, high on Aug 4, 2020 | 31.8%, high on Aug 4, 2020 |
| Benchmark | ||
| What it tracks | Bloomberg Long U.S. Treasury Index | ICE U.S. Treasury 10-20 Year Bond Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.15% |
| Net assets, as of Oct 27, 2026 | $11.6bn | $12.1bn |
| Holdings | ||
| Holdings in common | 43% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Jun 8, 2007 to Oct 23, 2026 · 1,011 weekly returnsSPTL returned slightly more: +80.5% to +73.1%. TLH swung less: 9.9% to 12.9%. TLH fell less at its worst: −40.4% to −45.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SPTL | TLH | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +80.5% | +73.1% | SPTL (slight) | Price change plus distributions, reinvested. |
| Annualized | +3.1% | +2.9% | SPTL (slight) | Total return as a yearly rate. |
| Price return | −0.6% | −1.4% | SPTL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.9% | 9.9% | TLH | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.2% | 7.1% | TLH | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −45.7% | −40.4% | TLH | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.18 | 0.18 | Tie | Return above Treasury bills per unit of volatility. |
| Sortino | 0.26 | 0.25 | Tie | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.07 | 0.07 | TLH (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,011 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SPTL and TLH hold 43% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
43% in common
Only in one fund ↓
Side by side
SPTL and TLH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SPTL and TLH are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SPTL follows Bloomberg Long U.S. Treasury Index and TLH follows ICE U.S. Treasury 10-20 Year Bond Index.
- Holdings in common. 43% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
- Cost. SPTL charges 0.03% of assets a year and TLH 0.15%, a gap of 0.12 points.
Data as of Oct 28, 2026.
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SPTL
SPTL tracks an index. Over the year to Oct 28, 2026 it returned −6.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 38.9% below its high of Aug 4, 2020 on Oct 28, 2026.
TLH
TLH tracks an index. Over the year to Oct 28, 2026 it returned −5.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 31.8% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SPTL or TLH?
- In the year to Oct 28, 2026, with distributions reinvested, SPTL returned −6.7% and TLH −5.6%.
- Which is cheaper, SPTL or TLH?
- SPTL is cheaper, by 0.12 percentage points a year. That is about $12 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, SPTL against TLH, data as of Oct 28, 2026. https://etfiq.com/compare/any/sptl-vs-tlh
ETFIQ. (Oct 28, 2026). SPTL against TLH. Retrieved from https://etfiq.com/compare/any/sptl-vs-tlh
[SPTL against TLH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sptl-vs-tlh)
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