Data as of Oct 28, 2026.
TLH vs VGLT: Differences, Returns & Fees
TLH's duration was 11.8 years on Aug 31, 2026 and VGLT's 13.5 on May 31, 2026; VGLT charges 0.03% to TLH's 0.15%.
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Net assets: $12.1bn on Oct 27, 2026 for iShares 10-20 Year Treasury Bond ETF, and $10.4bn on Sep 30, 2026 for Vanguard Long-Term Treasury ETF.
Pair scorecard
VGLT costs 0.12 points a year less; their one-year returns differ by 1.1 points.
| Measure | TLH | VGLT |
|---|---|---|
| Return | ||
| Total return, 1 year | −5.6% | −6.7% |
| Drawdown | ||
| Below its high | 31.8%, high on Aug 4, 2020 | 38.8%, high on Aug 4, 2020 |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury 10-20 Year Bond Index | Bloomberg U.S. Long Treasury Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, as of Sep 30, 2026 | $10.7bn | $10.4bn |
| Holdings | ||
| Holdings in common | 42% | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Dec 4, 2009 to Oct 23, 2026 · 881 weekly returnsVGLT returned more: +46.2% to +37.6%. TLH swung less: 9.7% to 12.7%. TLH fell less at its worst: −40.4% to −45.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | TLH | VGLT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +37.6% | +46.2% | VGLT | Price change plus distributions, reinvested. |
| Annualized | +1.9% | +2.3% | VGLT | Total return as a yearly rate. |
| Price return | −13.2% | −13.0% | Tie | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 9.7% | 12.7% | TLH | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 6.9% | 9.1% | TLH | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −40.4% | −45.6% | TLH | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.09 | 0.12 | VGLT | Return above Treasury bills per unit of volatility. |
| Sortino | 0.12 | 0.17 | VGLT | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.05 | 0.05 | VGLT (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 881 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, TLH and VGLT hold 42% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Aug 31, 2026.
half
42% in common
Only in one fund ↓
Side by side
TLH and VGLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TLH and VGLT 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 VGLT follows Bloomberg U.S. Long Treasury Index.
- Holdings in common. 42% of the weight is in the same securities (holdings dated Aug 31, 2026 and May 31, 2026).
- Cost. TLH charges 0.15% of assets a year and VGLT 0.03%, a gap of 0.12 points.
Data as of Oct 28, 2026.
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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.
VGLT
VGLT tracks an index of Long-term Treasury. Over the year to Oct 28, 2026 it returned −6.7% with distributions reinvested, against −6.7% for its benchmark, the Bloomberg U.S. Long Treasury Index. The prospectus expense ratio is 0.03% a year. It sat 38.8% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, TLH or VGLT?
- In the year to Oct 28, 2026, with distributions reinvested, TLH returned −5.6% and VGLT −6.7%.
- Which is cheaper, TLH or VGLT?
- VGLT 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.
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ETFIQ, TLH against VGLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/tlh-vs-vglt
ETFIQ. (Oct 28, 2026). TLH against VGLT. Retrieved from https://etfiq.com/compare/any/tlh-vs-vglt
[TLH against VGLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tlh-vs-vglt)
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