Data as of Oct 28, 2026.
TFJL vs TLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, TFJL and TLT finished level, −7.9% against −7.9%, and TLT charges 0.15% to TFJL's 0.79%.
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Net assets: $11m on Oct 28, 2026 for Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly, and $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
TLT costs 0.64 points a year less; both returned −7.9% over a year; TLT is far larger, $47.4bn against $11m.
| Measure | TFJL | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | −7.9% | −7.9% |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | |
| Index fall to the buffer | 8.7% | |
| Fund price fall to the buffer | 7.7% | |
| Benchmark | ||
| What it tracks | TLT | ICE U.S. Treasury 20+ Year Bond Index |
| The outcome period | ||
| Room to the cap | 14.9% | |
| Buffer left, in index points | 95.0% of 95.0% | |
| Days left in the period | 64 | |
| Period ends | Dec 31, 2026 | |
| Cost and size | ||
| Expense ratio | 0.79% | 0.15% |
| Net assets, as of Oct 27, 2026 | $11m | $47.4bn |
| Holdings | ||
| Holdings in common | not published | |
Side by side
TFJL and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TFJL
From its price on Oct 28, 2026, the fund can gain about 14.9% more before it reaches its cap. The fund's price can fall 7.7% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, TLT can fall 8.7% from today's level to the point where the buffer begins. Protection left, in index points: 95.0% of the 95.0% buffer still sits below today's TLT level. 64 days remained on Oct 28, 2026. On Dec 31, 2026 the period ends and a new cap is set.
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
- Are TFJL and TLT in the same category?
- TFJL is a buffer 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, TFJL or TLT?
- In the year to Oct 28, 2026, with distributions reinvested, TFJL returned −7.9% and TLT −7.9%.
- Which is cheaper, TFJL or TLT?
- TLT is cheaper, by 0.64 percentage points a year. That is about $64 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, TFJL against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/tfjl-vs-tlt
ETFIQ. (Oct 28, 2026). TFJL against TLT. Retrieved from https://etfiq.com/compare/any/tfjl-vs-tlt
[TFJL against TLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tfjl-vs-tlt)
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