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

In the year to Sep 13, 2026, with distributions reinvested, TLT returned −6.4% and USMV returned +6.6%, so USMV returned more. One year is one year; the longer windows are in the table.

Which is cheaper, TLT or USMV?

TLT charges 0.15% a year and USMV charges 0.15%, so TLT is cheaper. Fees come from each fund's prospectus.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

TLT vs USMV: how they differ

TLT and USMV hold 0% of their weight in the same names, and USMV returned more over the year.

iShares 20+ Year Treasury Bond ETF and iShares MSCI USA Min Vol Factor ETF.

What they hold in common

By the books each fund has filed, TLT and USMV hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in TLT	Only in USMV
TREASURY BOND (2OLD) 4.16%	AMPHENOL CORP CLASS A 1.58%
TREASURY BOND (OLD) 4.05%	MICROSOFT 1.56%
TREASURY BOND (OTR) 1.03%	NVIDIA 1.54%
TREASURY BOND 0.02%	WELLTOWER 1.53%
	CHUBB 1.49%
	JOHNSON & JOHNSON 1.49%
	VERIZON COMMUNICATIONS INC 1.49%
	EXXONMOBIL HOLDINGS CORP 1.48%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.

TLT and USMV on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	TLT iShares 20+ Year Treasury Bond ETF	USMV iShares MSCI USA Min Vol Factor ETF
Where it sits	Core index fund	Core index fund
Issuer	iShares	iShares
What it is	20+ year Treasuries	MSCI USA Min Vol Factor
Total return, 1 year	−6.4%	+6.6%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−23.9 pts	−10.9 pts
Expense ratio	0.15%	0.15%
Holdings	41	175

TLT in plain words

TLT is a bond fund tracking the 20+ year Treasuries. Over the year to Sep 11, 2026 it returned −6.4% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year. It sat 42.9% below its high of Aug 4, 2020 on Sep 11, 2026.

USMV in plain words

USMV is an index equity fund tracking the MSCI USA Min Vol Factor. Over the year to Sep 11, 2026 it returned +6.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Sep 10, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 175 positions, with the top ten at 15.1%.

Questions people ask

Which returned more over the last year, TLT or USMV?: In the year to Sep 13, 2026, with distributions reinvested, TLT returned −6.4% and USMV returned +6.6%, so USMV returned more. One year is one year; the longer windows are in the table.
Which is cheaper, TLT or USMV?: TLT charges 0.15% a year and USMV charges 0.15%, so TLT is cheaper. Fees come from each fund's prospectus.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

TLT against USMV, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, TLT against USMV, data as of Sep 13, 2026. https://etfiq.com/compare/any/tlt-vs-usmv Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources