Data as of Oct 28, 2026.
TLT vs XHB: Differences, Returns & Fees
Over the year to Oct 28, 2026, TLT returned −7.9% to XHB's −8.6%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $47.4bn for iShares 20+ Year Treasury Bond ETF and $1.5bn for State Street SPDR S&P Homebuilders ETF.
Pair scorecard
TLT costs 0.20 points a year less; their one-year returns differ by 0.7 points; TLT is far larger, $47.4bn against $1.5bn.
| Measure | TLT | XHB |
|---|---|---|
| Return | ||
| Total return, 1 year | −7.9% | −8.6% |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | 20.5%, high on Oct 18, 2024 |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury 20+ Year Bond Index | S&P Homebuilders Select Industry Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.35% |
| Net assets, as of Oct 27, 2026 | $47.4bn | $1.5bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 46% | |
| Top ten holdings, share of the fund | 35.4% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Feb 17, 2006 to Oct 23, 2026 · 1,079 weekly returnsXHB returned more: +167.9% to +73.9%. TLT swung less: 13.9% to 32.4%. TLT fell less at its worst: −47.8% to −81.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | TLT | XHB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +73.9% | +167.9% | XHB | Price change plus distributions, reinvested. |
| Annualized | +2.7% | +4.9% | XHB | Total return as a yearly rate. |
| Price return | −10.6% | +119.5% | XHB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 13.9% | 32.4% | TLT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 9.8% | 21.8% | TLT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −47.8% | −81.4% | TLT | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.14 | 0.25 | XHB | Return above Treasury bills per unit of volatility. |
| Sortino | 0.19 | 0.38 | XHB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.06 | 0.06 | XHB (slight) | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,079 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, TLT and XHB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
TLT and XHB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
TLT and XHB do different jobs. What does each one do in a portfolio?
- What each follows. TLT follows ICE U.S. Treasury 20+ Year Bond Index and XHB follows S&P Homebuilders Select Industry Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
- Cost. TLT charges 0.15% of assets a year and XHB 0.35%, a gap of 0.20 points.
Data as of Oct 28, 2026.
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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.
XHB
XHB tracks the S&P Homebuilders. Over the year to Oct 28, 2026 it returned −8.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 46% of the fund by weight is stocks the S&P 500 also holds, across 34 positions, with the top ten at 35.4%. It sat 20.5% below its high of Oct 18, 2024 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, TLT or XHB?
- In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and XHB −8.6%.
- Which is cheaper, TLT or XHB?
- TLT is cheaper, by 0.20 percentage points a year. That is about $20 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 XHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/tlt-vs-xhb
ETFIQ. (Oct 28, 2026). TLT against XHB. Retrieved from https://etfiq.com/compare/any/tlt-vs-xhb
[TLT against XHB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/tlt-vs-xhb)
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