Data as of .
TLTI vs TLTW: which paid, and which earned it?
Over the year TLTW paid 9.6% of its price in cash against TLTI’s 6.4%, and returned more with it reinvested.
ETFIQ Return Stability Score: TLTW scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, TLTI and TLTW hold 0% of their money in the same securities at the same weight.
| Only in TLTI | Only in TLTW |
|---|---|
| United States Treasury Note/Bond 4.125% 08/15/2053 100.02% | TREASURY BOND 4.56% |
| SPXW US 10/01/26 P6800 0.01% | TREASURY BOND 4.33% |
| SPXW US 10/01/26 P6875 0.01% | TREASURY BOND 4.23% |
| SPXW US 10/01/26 P6950 0.01% | TREASURY BOND (2OLD) 4.18% |
| SPXW US 10/01/26 P7100 -0.01% | TREASURY BOND 4.09% |
| SPXW US 10/01/26 P7180 -0.02% | TREASURY BOND (OLD) 4.07% |
| SPXW US 10/01/26 P7250 -0.02% | TREASURY BOND 4.03% |
| TREASURY BOND 3.99% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| TLTI | TLTW | TLTI | TLTW | TLTI | TLTW | |
| 3 months | −4.7% | −4.3% | 1.5% | 1.9% | +0.5 pts | +0.9 pts |
| 6 months | −2.0% | −1.6% | 3.0% | 4.3% | +1.1 pts | +1.5 pts |
| 1 year | −2.9% | −0.5% | 6.4% | 9.6% | +1.9 pts | +4.2 pts |
| 3 years | not published | +5.2% | not published | 33.6% | not published | +5.8 pts |
| Since launch | −2.9% | −4.0% | 10.6% | 41.3% | +1.8 pts | +11.4 pts |
| TLTI NEOS Enhanced Income 20+ Year Treasury Bond ETF Covered call on TLT, paying monthly | TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Covered call on TLT, paying monthly | |
|---|---|---|
| Issuer | NEOS | iShares |
| Strategy | covered call | covered call |
| Benchmark | 20+ Year Treasury (TLT) | 20+ Year Treasury (TLT) |
| Pays | monthly | monthly |
| Payout rate, annualized | 6.3% | 7.5% |
| Expense ratio | not published | 0.35% |
| Cash paid, 1 year | 6.4% | 9.6% |
| Price change, 1 year | −9.1% | −9.9% |
| Total return, 1 year | −2.9% | −0.5% |
| Benchmark return, 1 year | −4.7% | −4.7% |
| Ahead or behind | +1.9 pts | +4.2 pts |
| Return of capital, latest estimate | 35% | not published |
| Age | 646 days | 1488 days |
| Net assets | $17m | $1.8bn |
TLTI in plain words
Over the year to Sep 18, 2026, TLTI paid 6.4% of its starting value in cash distributions while its price fell 9.1%. With every distribution reinvested, the fund returned −2.9%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 6.3%, paid monthly. NEOS estimates that 35% of the distribution paid Sep 11, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
TLTW in plain words
Over the year to Sep 18, 2026, TLTW paid 9.6% of its starting value in cash distributions while its price fell 9.9%. With every distribution reinvested, the fund returned −0.5%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 4.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
Questions people ask
- Which paid more, TLTI or TLTW?
- Over the year to Sep 18, 2026, TLTI paid 6.4% of its starting price in cash and TLTW paid 9.6%, 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, TLTI or TLTW?
- With every distribution reinvested, TLTI returned −2.9% and TLTW returned −0.5% over the year to Sep 18, 2026, so TLTW returned more.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, TLTI against TLTW, data as of Sep 18, 2026. https://etfiq.com/compare/income/tlti-vs-tltw Free to use with attribution; the underlying files are at Open data.