{"url":"https://etfiq.com/compare/any/tlt-vs-zhdg","section":"compare","title":"TLT vs ZHDG: ETF Differences, Returns & Fees | ETFIQ","description":"TLT vs ZHDG to Nov 4, 2026: one-year total return \u22124.8% against +6.6%, expense ratio 0.15% against 0.95%. One bond ETF and one alternatives ETF.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Are TLT and ZHDG in the same category?","acceptedAnswer":{"@type":"Answer","text":"TLT is a bond ETF and ZHDG is an alternatives ETF, so they do different jobs. The table compares what both publish: return, cost and holdings."}},{"@type":"Question","name":"Which returned more over the last year, TLT or ZHDG?","acceptedAnswer":{"@type":"Answer","text":"In the year to Nov 4, 2026, with distributions reinvested, TLT returned \u22124.8% and ZHDG +6.6%."}},{"@type":"Question","name":"Which is cheaper, TLT or ZHDG?","acceptedAnswer":{"@type":"Answer","text":"TLT is cheaper, by 0.80 percentage points a year. That is about $80 on $10,000 held for a year. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"TLT vs ZHDG","item":"https://etfiq.com/compare/any/tlt-vs-zhdg"}]},{"@type":"WebPage","name":"TLT vs ZHDG: ETF Differences, Returns & Fees","description":"TLT vs ZHDG to Nov 4, 2026: one-year total return \u22124.8% against +6.6%, expense ratio 0.15% against 0.95%. One bond ETF and one alternatives ETF.","url":"https://etfiq.com/compare/any/tlt-vs-zhdg","dateModified":"2026-11-04","speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"}},{"@type":"Dataset","name":"ETFIQ comparison of TLT and ZHDG","description":"TLT vs ZHDG to Nov 4, 2026: one-year total return \u22124.8% against +6.6%, expense ratio 0.15% against 0.95%. One bond ETF and one alternatives ETF.","dateModified":"2026-11-04","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"url":"https://etfiq.com/compare/any/tlt-vs-zhdg","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/core.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/income.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"TLT vs ZHDG","item":"https://etfiq.com/compare/any/tlt-vs-zhdg"}]},{"@type":"WebPage","name":"TLT vs ZHDG: ETF Differences, Returns & Fees","description":"TLT vs ZHDG to Nov 4, 2026: one-year total return \u22124.8% against +6.6%, expense ratio 0.15% against 0.95%. One bond ETF and one alternatives ETF.","url":"https://etfiq.com/compare/any/tlt-vs-zhdg","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4209,"truncated":true,"content":"ETFIQ / Compare ETFs / TLT vs ZHDG \n \n Data as of Nov 4, 2026.\n ETFIQ etfiq.com \u00b7 independent ETF data \n TLT vs ZHDG: Differences, Returns & Fees\n Over the year to Nov 4, 2026, TLT returned \u22124.8% to ZHDG's +6.6%, and TLT charges 0.15% to ZHDG's 0.95%.\n Copy this for sharing \n TLT costs 0.80 points a year less; their one-year returns differ by 11.4 points.\n TLT and ZHDG at a glance. As of Nov 4, 2026. Source: ETFIQ. TLT ZHDG \n Expense ratio 0.15% 0.95% \n Net assets, TLT as of Nov 3, 2026 and ZHDG as of Jul 31, 2026 $48.3bn $35m \n Total return, 1 year \u22124.8% +6.6% \n What it tracks ICE U.S. Treasu","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, TLT against ZHDG, data as of Nov 4, 2026. https://etfiq.com/compare/any/tlt-vs-zhdg","a":{"ticker":"TLT","name":"iShares 20+ Year Treasury Bond ETF","issuer":"iShares","desk":"core","as_of":"2026-11-04","verdict":"TLT tracks an index of 20+ year Treasuries and returned \u22124.8% over the past year.","url":"https://etfiq.com/funds/tlt","key_facts":[{"label":"Total return, 1 year","value":"\u22124.8%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Expense ratio","value":"0.15%","as_of":"2026-06-18","source":"485BPOS XBRL, Jun 18, 2026"},{"label":"Holdings","value":"47","as_of":"2026-11-03","source":"the issuer\u2019s daily holdings file"},{"label":"Below its high","value":"\u221241.8%","as_of":"2026-11-04","source":"ETFIQ"},{"label":"12-month yield, capital gains included, on its starting price","value":"4.3%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid monthly), ex-date Nov 2, 2026","value":"$0.3432","as_of":"2026-11-02","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$48.3bn","as_of":"2026-11-03","source":"the issuer\u2019s own daily fund list, as of Nov 3, 2026"}]},"b":{"ticker":"ZHDG","name":"ZEGA Buy and Hedge ETF","issuer":"Zega","desk":"alternatives","as_of":"2026-11-04","verdict":"Over the year to Nov 4, 2026, ZHDG returned 6.6%. When the S&P 500 fell, it fell 86% as much.","url":"https://etfiq.com/funds/zhdg","key_facts":[{"label":"Correlation with the S&P 500","value":"+0.96","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Beta to the S&P 500","value":"+0.82","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Down-week capture","value":"85.6%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Against T-bills, 52 weeks","value":"+2.6 pts","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"12-month yield, capital gains included, on its starting price","value":"2.5%","as_of":"2026-11-04","source":"computed by ETFIQ from Tiingo daily prices and distributions"},{"label":"Last payment (paid annually), ex-date Dec 24, 2025","value":"$0.5805","as_of":"2025-12-24","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$35m","as_of":"2026-07-31","source":"SEC N-PORT, whole fund, as filed for Jul 31, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-08-26","source":"485BPOS XBRL, Aug 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/any/tlt-vs-zhdg"}