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

In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and XLK +27.1%.

Which is cheaper, TLT or XLK?

XLK is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

TLT vs XLK: Differences, Returns & Fees

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Over the year to Oct 28, 2026, TLT returned −7.9% to XLK's +27.1%; 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 $125.0bn for State Street Technology Select Sector SPDR ETF.

TLT on its own →XLK on its own →

At a glance

−7.9%

TLT total return, 1 year

+27.1%

XLK total return, 1 year

0.15%

TLT expense ratio

0.08%

XLK expense ratio

Pair scorecard

XLK costs 0.07 points a year less; their one-year returns differ by 35.0 points; XLK is 2.6 times larger.

TLT vs XLK: Differences, Returns & Fees
Measure	TLT	XLK
Return
Measure	TLT	XLK
Total return, 1 year	−7.9%	+27.1%
Drawdown
Measure	TLT	XLK
Below its high	42.6%, high on Aug 4, 2020	5.4%, high on Oct 6, 2026
Benchmark
Measure	TLT	XLK
What it tracks	ICE U.S. Treasury 20+ Year Bond Index	Technology Select Sector Index
Cost and size
Measure	TLT	XLK
Expense ratio	0.15%	0.08%
Net assets, as of Oct 27, 2026	$47.4bn	$125.0bn
Holdings
Measure	TLT	XLK
Holdings in common	0%
In the S&P 500, by weight		100%
Top ten holdings, share of the fund		64.6%

Holdings in common uses holdings dated Oct 27, 2026. Method

What they share

By the books each fund has filed, TLT and XLK hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first TLT XLK

Only in one fund ↓

Only in TLT

TREASURY BOND 4.32%

TREASURY BOND 4.12%

TREASURY BOND (OLD) 4.07%

TREASURY BOND 4.02%

TREASURY BOND 3.93%

TREASURY BOND 3.92%

TREASURY BOND 3.89%

TREASURY BOND 3.88%

Only in XLK

NVIDIA CORP 15.22%

APPLE INC 14.62%

MICROSOFT CORP 11.38%

ADVANCED MICRO DEVICES 4.78%

BROADCOM INC 4.70%

MICRON TECHNOLOGY INC 4.02%

INTEL CORP 2.72%

PALANTIR TECHNOLOGIES INC A 2.67%

Check overlap with more funds →

Side by side

TLT iShares 20+ Year Treasury Bond ETF XLK State Street Technology Select Sector SPDR ETF

Where it sits Bond ETF Stock ETF

Issuer iShares State Street

What it is Tracks an index of 20+ year Treasuries Tracks an index of Technology

Total return, 1 year −7.9% +27.1%

Its benchmark over the same days −7.8% (BBLB) +13.6% (SPY)

Gap to its benchmark −0.1 pts vs BBLB +13.5 pts vs SPY

Expense ratio 0.15% 0.08%

Holdings 47 76

Net assets, as of Oct 27, 2026 $47.4bn $125.0bn

TLT and XLK 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.

XLK

XLK tracks an index of Technology. Over the year to Oct 28, 2026 it returned +27.1% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 64.6%. It sat 5.4% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, TLT or XLK?: In the year to Oct 28, 2026, with distributions reinvested, TLT returned −7.9% and XLK +27.1%.
Which is cheaper, TLT or XLK?: XLK is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

TLT vs VGT IYW vs TLT FTEC vs TLT IGM vs TLT VGLT vs XLK EDV vs XLK IUSB vs XLK IEF vs XLK

Where to next

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

Sources and dates

TLT filings on SEC EDGAR ↗

TLT prospectus with the expense ratio (SEC) ↗

iShares page for TLT ↗

XLK filings on SEC EDGAR ↗

XLK prospectus with the expense ratio (SEC) ↗

State Street website ↗

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

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