Data as of Oct 28, 2026.
TLT vs VOE: Differences, Returns & Fees
Over the year to Oct 28, 2026, TLT returned −7.9% to VOE's +22.8%; 0% of their weight is in the same names.
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Net assets: $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.
Pair scorecard
VOE costs 0.10 points a year less; their one-year returns differ by 30.7 points; TLT is 2.0 times larger.
| Measure | TLT | VOE |
|---|---|---|
| Return | ||
| Total return, 1 year | −7.9% | +22.8% |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury 20+ Year Bond Index | Morningstar US Mid Cap Value Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.05% |
| Net assets, as of Sep 30, 2026 | $46.2bn | $22.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 96% | |
| Top ten holdings, share of the fund | 14.0% | |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
What they share
By the books each fund has filed, TLT and VOE hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
TLT and VOE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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.
VOE
VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.
Questions people ask
- Which returned more over the last year, TLT or VOE?
- In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and VOE +22.8%.
- Which is cheaper, TLT or VOE?
- VOE is cheaper, by 0.10 percentage points a year. That is about $10 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.
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ETFIQ, TLT against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/tlt-vs-voe
ETFIQ. (Oct 28, 2026). TLT against VOE. Retrieved from https://etfiq.com/compare/any/tlt-vs-voe
[TLT against VOE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tlt-vs-voe)
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