Data as of Oct 28, 2026.
TLT vs TSYW: Differences, Returns & Fees
TLT and TSYW are measured over different days, and TLT charges 0.15% to TSYW's 0.99%.
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Net assets: $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF, and $2.8m on Oct 28, 2026 for Roundhill Treasury Bond WeeklyPay ETF.
Pair scorecard
TLT costs 0.84 points a year less; TLT is far larger, $47.4bn against $2.8m.
| Measure | TLT | TSYW |
|---|---|---|
| Return | ||
| Total return, 1 year | −7.9% | not published |
| Cash paid, share of starting value, since Nov 13, 2025 | 10.9% | |
| Price change, since Nov 13, 2025 | fell 20.4% | |
| Latest payout, annualized | 18.8% | |
| Return of capital, issuer estimate | 100% of the Oct 27, 2026 payment | |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | |
| Against its benchmark | ||
| What it tracks | ICE U.S. Treasury 20+ Year Bond Index | Benchmark: 20+ Year Treasury, measured through TLT |
| Against its benchmark, same days | behind by 4.6 pts | |
| Cost and size | ||
| Expense ratio | 0.15% | 0.99% |
| Net assets, as of Oct 27, 2026 | $47.4bn | $2.8m |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 21, 2025 to Oct 23, 2026 · 48 weekly returnsTLT returned more: −5.2% to −9.6%. TLT fell less at its worst: −12.0% to −16.2%.
Full scorecard
3 measures, with how each is measured Open ↓
| Measure | TLT | TSYW | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | −5.2% | −9.6% | TLT | Price change plus distributions, reinvested. |
| Price return | −9.1% | −19.7% | TLT | Price change alone, distributions left out. |
| Risk | ||||
| Max drawdown | −12.0% | −16.2% | TLT | Deepest fall from a high to the low after it. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 48 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, TLT and TSYW hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
TLT and TSYW on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: ETFIQ prints no one-year total return for TSYW; the two funds' holdings are dated 119 days apart.
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.
TSYW
Over the period from its first trade on Nov 13, 2025 to Oct 28, 2026, TSYW paid 10.9% of its starting value in cash distributions while its price fell 20.4%. With every distribution reinvested, the fund returned −10.1%. 20+ Year Treasury (TLT) returned −5.5% over the same days, so a holder was behind by 4.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 18.8%, paid weekly. Roundhill estimates that 100% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are TLT and TSYW in the same category?
- TLT is a bond ETF and TSYW is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which is cheaper, TLT or TSYW?
- TLT is cheaper, by 0.84 percentage points a year. That is about $84 on $10,000 held for a year. Fees come from each fund's prospectus.
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, TLT against TSYW, data as of Oct 28, 2026. https://etfiq.com/compare/any/tlt-vs-tsyw
ETFIQ. (Oct 28, 2026). TLT against TSYW. Retrieved from https://etfiq.com/compare/any/tlt-vs-tsyw
[TLT against TSYW (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tlt-vs-tsyw)
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