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

In the year to Oct 28, 2026, with distributions reinvested, TIP returned −1.0% and TLT −7.9%.

Which is cheaper, TIP or TLT?

TLT is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

TIP vs TLT: Differences, Returns & Fees

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TIP's duration was 6.3 years on Jul 31, 2026 and TLT's 15.1 on Aug 31, 2026; TLT charges 0.15% to TIP's 0.18%.

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Net assets on Oct 27, 2026: $14.6bn for iShares TIPS Bond ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

TIP on its own →TLT on its own →

At a glance

−1.0%

TIP total return, 1 year

−7.9%

TLT total return, 1 year

0.18%

TIP expense ratio

0.15%

TLT expense ratio

Pair scorecard

TLT costs 0.03 points a year less; their one-year returns differ by 6.9 points; TLT is 3.2 times larger.

TIP vs TLT: Differences, Returns & Fees
Measure	TIP	TLT
Return
Measure	TIP	TLT
Total return, 1 year	−1.0%	−7.9%
Drawdown
Measure	TIP	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	TIP	TLT
What it tracks	ICE U.S. Treasury Inflation Linked Bond Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	TIP	TLT
Expense ratio	0.18%	0.15%
Net assets, as of Oct 27, 2026	$14.6bn	$47.4bn
Holdings
Measure	TIP	TLT
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first TIP TLT

Only in one fund ↓

Only in TIP

U.S. Treasury Inflation Linked Notes, due Jul 15, 2035 3.99%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2035 3.94%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2036 3.92%

U.S. Treasury Inflation Linked Notes, due Jul 15, 2034 3.71%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2034 3.55%

U.S. Treasury Inflation Linked Notes, due Oct 15, 2030 3.37%

U.S. Treasury Inflation Linked Notes, due Apr 15, 2030 3.32%

U.S. Treasury Inflation Linked Notes, due Jan 15, 2033 3.31%

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

TIP iShares TIPS Bond ETF TLT iShares 20+ Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of TIPS Bond Tracks an index of 20+ year Treasuries

Total return, 1 year −1.0% −7.9%

Its benchmark over the same days −0.8% (VTP) −7.8% (BBLB)

Gap to its benchmark −0.2 pts vs VTP −0.1 pts vs BBLB

Expense ratio 0.18% 0.15%

Holdings 48 47

Net assets, as of Oct 27, 2026 $14.6bn $47.4bn

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

Alert

About each fund

TIP

TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% 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, TIP or TLT?: In the year to Oct 28, 2026, with distributions reinvested, TIP returned −1.0% and TLT −7.9%.
Which is cheaper, TIP or TLT?: TLT is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

TIP vs VGLT EDV vs TIP IUSB vs TIP IEF vs TIP SCHP vs TLT AGG vs TLT BND vs TLT EMB vs TLT

Where to next

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

Sources and dates

TIP and TLT filings on SEC EDGAR ↗

TIP prospectus with the expense ratio (SEC) ↗

iShares page for TIP ↗

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

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