Which paid more, BUCK or TLTW?

Over the year to Nov 4, 2026, BUCK paid 6.7% of its starting price in cash and TLTW paid 9.7%, so TLTW paid more. Cash paid is not the same as money made: the price change matters too.

Which returned more once distributions are counted, BUCK or TLTW?

With every distribution reinvested, BUCK returned +3.3% and TLTW −0.8% over the year to Nov 4, 2026.

Which is cheaper, BUCK or TLTW?

BUCK charges 0.38% a year and TLTW charges 0.35%, so TLTW is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

BUCK vs TLTW: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, TLTW paid 9.7% of its price in cash against BUCK’s 6.7%, though BUCK returned more with it reinvested.

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Net assets on Nov 3, 2026: $517m for Simplify Treasury Option Income ETF and $1.6bn for iShares TLT Premium Income+ ETF.

BUCK on its own →TLTW on its own →

At a glance

6.7%

BUCK cash paid, 1 year

9.7%

TLTW cash paid, 1 year

+3.3%

BUCK total return, 1 year

−0.8%

TLTW total return, 1 year

BUCK · 1 year to Nov 4, 2026 Not measured

BUCK

+3.3%

none

Not measured

BUCK over 1 year: paid 6.7%, price −3.4%, total +3.3%, not measured against a benchmark. Data to Nov 4, 2026.

BUCK

+3.3%

6.7% of it arrived as cash

Total return, distributions reinvested

Not measured

BUCK over 1 year: paid 6.7%, price −3.4%, total +3.3%, not measured against a benchmark. Data to Nov 4, 2026.

BUCK

+3.3%

6.7% of it arrived as cash. Total return, distributions reinvested. BUCK over 1 year: paid 6.7%, price −3.4%, total +3.3%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.

TLTW · 1 year to Nov 4, 2026 4 pts ahead of TLT

TLTW

−0.8%

TLT

−4.8%

4 pts ahead of TLT

TLTW over 1 year: paid 9.7%, price −10.6%, total −0.8%, TLT −4.8%, +4.0 pts. Data to Nov 4, 2026.

TLT

−4.8%

TLTW

−0.8%

4 pts ahead of TLT

Total return, distributions reinvested

4 pts ahead of TLT

TLTW over 1 year: paid 9.7%, price −10.6%, total −0.8%, TLT −4.8%, +4.0 pts. Data to Nov 4, 2026.

TLT

−4.8%

TLTW

−0.8%

4 pts ahead of TLT

9.7% of it arrived as cash. Both charts share one scale, with zero at the line. TLTW over 1 year: paid 9.7%, price −10.6%, total −0.8%, TLT −4.8%, +4.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

TLTW costs 0.03 points a year less; their one-year returns differ by 4.1 points; TLTW is 3.1 times larger.

Points (pts) are percentage points.

BUCK vs TLTW: Dividend Yield & Total Return
Measure	BUCK	TLTW
Paid and earned
Measure	BUCK	TLTW
Total return, 1 year	+3.3%	−0.8%
Price change, 1 year	fell 3.4%	fell 10.6%
Return of capital, issuer estimate	50% of the Oct 27, 2026 payment	73% of the Oct 7, 2026 payment
Against its benchmark
Measure	BUCK	TLTW
Benchmark	not published	20+ Year Treasury, measured through TLT
Cost and size
Measure	BUCK	TLTW
Expense ratio	0.38%	0.35%
Net assets, as of Nov 3, 2026	$517m	$1.6bn
Holdings
Measure	BUCK	TLTW
Holdings in common	0%

Method

What they share

By the books each fund has filed, BUCK and TLTW hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 3, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BUCK TLTW

Only in one fund ↓

Only in BUCK

SIMPLIFY EXCHANGE TRADED FUNDS 99.75%

Only in TLTW

TREASURY BOND 4.16%

TREASURY BOND 4.11%

TREASURY BOND (OLD) 4.10%

TREASURY BOND 4.05%

TREASURY BOND 3.92%

TREASURY BOND (2OLD) 3.90%

TREASURY BOND 3.87%

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Side by side

BUCK Simplify Treasury Option Income ETF · Option income, paying monthly TLTW iShares TLT Premium Income+ ETF · Covered call on TLT, paying monthly

Issuer Simplify iShares

Strategy option income covered call

Benchmark none 20+ Year Treasury (TLT)

Pays monthly monthly

Payout rate, annualized 6.2% 14.6%

Expense ratio 0.38% 0.35%

Cash paid, 1 year 6.7% 9.7%

Price change, 1 year −3.4% −10.6%

Total return, 1 year +3.3% −0.8%

Benchmark return, 1 year not published −4.8%

Ahead or behind not available +4.0 pts

Return of capital, latest estimate 50% 73%

Age 4.0 years 4.2 years

Net assets, as of Nov 3, 2026 $517m $1.6bn

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: BUCK vs TLTW: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	BUCK	TLTW	BUCK	TLTW	BUCK	TLTW
3 months	+0.3%	+1.0%	1.5%	3.1%	not measured	+1.3 pts
6 months	+1.1%	−0.9%	3.1%	5.3%	not measured	+1.8 pts
1 year	+3.3%	−0.8%	6.7%	9.7%	not measured	+4.0 pts
3 years	+15.2%	+14.6%	21.8%	36.2%	not measured	+8.5 pts
Since launchNot the same days: BUCK Oct 2022 · TLTW Aug 2022	+20.5%	−1.7%	26.4%	42.7%	not measured	+12.4 pts

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About each fund

BUCK

Over the year to Nov 4, 2026, BUCK paid 6.7% of its starting value in cash distributions while its price fell 3.4%. With every distribution reinvested, the fund returned +3.3%. At its price on Nov 4, 2026 the latest distribution annualizes to 6.2%, paid monthly. Simplify estimates that 50% of the distribution paid Oct 27, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

TLTW

Over the year to Nov 4, 2026, TLTW paid 9.7% of its starting value in cash distributions while its price fell 10.6%. With every distribution reinvested, the fund returned −0.8%. 20+ Year Treasury (TLT) returned −4.8% over the same days, so a holder was ahead by 4.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 14.6%, paid monthly. iShares estimates that 73% of the distribution paid Oct 7, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, BUCK or TLTW?: Over the year to Nov 4, 2026, BUCK paid 6.7% of its starting price in cash and TLTW paid 9.7%, so TLTW paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, BUCK or TLTW?: With every distribution reinvested, BUCK returned +3.3% and TLTW −0.8% over the year to Nov 4, 2026.
Which is cheaper, BUCK or TLTW?: BUCK charges 0.38% a year and TLTW charges 0.35%, so TLTW is cheaper. Fees come from each fund's prospectus.

Other comparisons

BUCK vs TLTP BUCK vs TLTI BUCK vs LTTI BUCK vs FIYY TLTW vs TLTX TLTW vs TSYW TLTW vs HYBL TLTW vs LQDW

Where to next

20+ Year Treasury (TLT) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →BUCK on its own →TLTW on its own →BUCK dividend history →BUCK holdings →TLTW dividend history →TLTW holdings →Method →Standards and sources →

Sources and dates

BUCK filings on SEC EDGAR ↗

BUCK prospectus with the expense ratio (SEC) ↗

BUCK 19a-1 distribution notice ↗

Simplify website ↗

TLTW filings on SEC EDGAR ↗

TLTW prospectus with the expense ratio (SEC) ↗

TLTW 19a-1 distribution notice ↗

iShares page for TLTW ↗

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.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, BUCK against TLTW, data as of Nov 4, 2026. https://etfiq.com/compare/income/buck-vs-tltw

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