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

In the year to Oct 28, 2026, with distributions reinvested, TLH returned −5.6% and TLT −7.9%.

Which is cheaper, TLH or TLT?

Neither: TLH and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

TLH vs TLT: Differences, Returns & Fees

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On Aug 31, 2026 TLH's duration was 11.8 years and TLT's 15.1; both charge 0.15%.

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Net assets on Oct 27, 2026: $12.1bn for iShares 10-20 Year Treasury Bond ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

TLH on its own →TLT on its own →

At a glance

−5.6%

TLH total return, 1 year

−7.9%

TLT total return, 1 year

0.15%

TLH expense ratio

0.15%

TLT expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 2.3 points; TLT is 3.9 times larger.

Points (pts) are percentage points.

TLH vs TLT: Differences, Returns & Fees
Measure	TLH	TLT
Return
Measure	TLH	TLT
Total return, 1 year	−5.6%	−7.9%
Drawdown
Measure	TLH	TLT
Below its high	31.8%, high on Aug 4, 2020	42.6%, high on Aug 4, 2020
Benchmark
Measure	TLH	TLT
What it tracks	ICE U.S. Treasury 10-20 Year Bond Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	TLH	TLT
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$12.1bn	$47.4bn
Holdings
Measure	TLH	TLT
Holdings in common	0%

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

Risk and return

Jan 19, 2007 to Oct 23, 2026 · 1,031 weekly returns

TLH TLT

Return

Total return edge TLT (slight) +70.8% +72.4%

Annualized edge Tie +2.7% +2.8%

Price return edge TLH −4.5% −7.6%

Risk

Volatility edge TLH 9.9% 14.2%

Max drawdown edge TLH −40.4% −47.8%

Risk-adjusted

Sharpe edge TLH (slight) 0.16 0.15

Sortino edge TLH (slight) 0.23 0.22

Calmar edge TLH (slight) 0.07 0.06

Reading

TLT returned slightly more: +72.4% to +70.8%. TLH swung less: 9.9% to 14.2%. TLH fell less at its worst: −40.4% to −47.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: TLH vs TLT: Differences, Returns & Fees
Measure	TLH	TLT	Edge	How it is measured
Return
Total return	+70.8%	+72.4%	TLT (slight)	Price change plus distributions, reinvested.
Annualized	+2.7%	+2.8%	Tie	Total return as a yearly rate.
Price return	−4.5%	−7.6%	TLH	Price change alone, distributions left out.
Risk
Volatility	9.9%	14.2%	TLH	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	7.0%	9.9%	TLH	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−40.4%	−47.8%	TLH	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.16	0.15	TLH (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.23	0.22	TLH (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.07	0.06	TLH (slight)	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,031 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first TLH TLT

U.S. Treasury Bonds, due May 15, 2046 1.02% 0.10%

U.S. Treasury Bonds, due Feb 15, 2046 1.17% 0.03%

U.S. Treasury Bonds, due Feb 15, 2045 3.31% 0.00%

U.S. Treasury Bonds, due Aug 15, 2045 2.34% 0.00%

U.S. Treasury Bonds, due Aug 15, 2044 1.29% 0.00%

U.S. Treasury Bonds, due Feb 15, 2045 1.48% 0.00%

U.S. Treasury Bonds, due May 15, 2044 1.36% 0.00%

U.S. Treasury Bonds, due Nov 15, 2044 0.48% 0.00%

Only in one fund ↓

Only in TLH

U.S. Treasury Bonds, due Feb 15, 2044 3.97%

U.S. Treasury Bonds, due Aug 15, 2044 3.95%

U.S. Treasury Bonds, due May 15, 2043 3.51%

U.S. Treasury Bonds, due Nov 15, 2045 3.32%

U.S. Treasury Bonds, due Nov 15, 2042 3.31%

U.S. Treasury Bonds, due Aug 15, 2043 3.28%

U.S. Treasury Bonds, due Nov 15, 2043 3.19%

U.S. Treasury Bonds, due Feb 15, 2043 3.18%

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

TLH iShares 10-20 Year Treasury 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 Tracks an index of 20+ year Treasuries

Total return, 1 year −5.6% −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 0.15% 0.15%

Holdings 61 47

Net assets, as of Oct 27, 2026 $12.1bn $47.4bn

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

Client brief · page 1 of 2 Report BR-F9A5601300

TLH and TLT are built for the same job. How do they differ in cost, holdings and results?

What each follows. TLH follows ICE U.S. Treasury 10-20 Year Bond Index and TLT follows ICE U.S. Treasury 20+ Year Bond Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 TLH returned −5.6% and TLT −7.9% with distributions reinvested, a gap of 2.3 points.

Data as of Oct 28, 2026.

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About each fund

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.

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. 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, TLH or TLT?: In the year to Oct 28, 2026, with distributions reinvested, TLH returned −5.6% and TLT −7.9%.
Which is cheaper, TLH or TLT?: Neither: TLH and TLT both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

TLH vs XTEN TLH vs ZROZ GOVI vs TLH SPTL vs TLH EDV vs TLT TLT vs ZROZ GOVI vs TLT TLT vs XTEN

Where to next

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

Sources and dates

TLH and TLT filings on SEC EDGAR ↗

TLH and TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLH ↗

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

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