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

In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and USFR +4.1%.

Which is cheaper, TLT or USFR?

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

Data as of Oct 28, 2026.

Across categories

TLT vs USFR: Differences, Returns & Fees

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TLT's duration was 15.1 years on Aug 31, 2026 and USFR's 0.0 on May 31, 2026; both charge 0.15%.

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Net assets: $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

TLT on its own →USFR on its own →

At a glance

−7.9%

TLT total return, 1 year

+4.1%

USFR total return, 1 year

0.15%

TLT expense ratio

0.15%

USFR expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 12.0 points.

Points (pts) are percentage points.

TLT vs USFR: Differences, Returns & Fees
Measure	TLT	USFR
Return
Measure	TLT	USFR
Total return, 1 year	−7.9%	+4.1%
Drawdown
Measure	TLT	USFR
Below its high	42.6%, high on Aug 4, 2020
Benchmark
Measure	TLT	USFR
What it tracks	ICE U.S. Treasury 20+ Year Bond Index	Bloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Measure	TLT	USFR
Expense ratio	0.15%	0.15%
Net assets, TLT as of Oct 27, 2026 and USFR as of May 31, 2026	$47.4bn	$17.0bn
Holdings
Measure	TLT	USFR
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first TLT USFR

Only in one fund ↓

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%

Only in USFR

TF 0 10/31/27, due Oct 31, 2027 27.95%

TF 0 07/31/27, due Jul 31, 2027 27.93%

TF 0 01/31/28, due Jan 31, 2028 27.91%

TF 0 04/30/28, due Apr 30, 2028 15.90%

Check overlap with more funds →

Side by side

TLT iShares 20+ Year Treasury Bond ETF USFR WisdomTree Floating Rate Treasury Fund

Where it sits Bond ETF Bond ETF

Issuer iShares WisdomTree

What it is Tracks an index of 20+ year Treasuries Tracks an index of Floating Rate Treasury

Total return, 1 year −7.9% +4.1%

Its benchmark over the same days −7.8% (BBLB) +4.0% (TFLO)

Gap to its benchmark −0.1 pts vs BBLB +0.1 pts vs TFLO

Expense ratio 0.15% 0.15%

Holdings 47 4

Net assets, TLT as of Oct 27, 2026 and USFR as of May 31, 2026 $47.4bn $17.0bn

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

Alert

About each fund

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.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index.

Questions people ask

Which returned more over the last year, TLT or USFR?: In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and USFR +4.1%.
Which is cheaper, TLT or USFR?: Neither: TLT and USFR both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs TLT MINT vs TLT PULS vs TLT BOXX vs TLT EDV vs USFR USFR vs VGLT BIL vs USFR BNDX vs USFR

Where to next

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

Sources and dates

TLT filings on SEC EDGAR ↗

TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLT ↗

USFR filings on SEC EDGAR ↗

USFR prospectus with the expense ratio (SEC) ↗

WisdomTree page for USFR ↗

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 USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/tlt-vs-usfr

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