TLT

iShares 20+ Year Treasury Bond ETF

Tracks the ICE U.S. Treasury 20+ Year Bond Index, providing exposure to long-duration US government bonds. High duration (≈17 years) makes it extremely sensitive to interest rate changes — strong gains when rates fall, significant losses when they rise. Used tactically and as portfolio hedge.

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Fixed IncomeTER 0.15%Dist.

TER

0.15%

AUM

$56B

CAGR

3.5%

Volatility

13.4%

Sharpe

0.04

Max Drawdown

-47.7%

Data Range

2002-08 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD-39.5%

Worst DD-47.7%

Worst date2023-10

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return3.8%

Best15.3%

Worst-17.3%

% positive80%

249 periods

Key Facts

ISIN

US4642874659

Issuer

BlackRock

Benchmark

ICE U.S. Treasury 20+ Year Bond Index

Total Expense Ratio (TER)

0.15%

Assets Under Management

$56B approx.

Inception Date

2002-07-22

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Optimized Sampling)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NASDAQ

Number of Holdings

~40

Top 10 Holdings

Top 10 represent 25.1% of the fund.

UST-30Y-AUS Treasury 4.25% 2054

3.50%

Government

UST-30Y-BUS Treasury 4.00% 2052

3.20%

Government

UST-30Y-CUS Treasury 4.50% 2044

3.00%

Government

UST-30Y-DUS Treasury 3.625% 2053

2.80%

Government

UST-30Y-EUS Treasury 4.75% 2043

2.60%

Government

UST-20Y-AUS Treasury 4.125% 2042

2.40%

Government

UST-30Y-FUS Treasury 3.00% 2049

2.20%

Government

UST-20Y-BUS Treasury 3.375% 2044

2.00%

Government

UST-30Y-GUS Treasury 2.875% 2046

1.80%

Government

UST-30Y-HUS Treasury 3.125% 2048

1.60%

Government

Backtest this ETF Official Fund Page

Who Is This ETF For?

✓Portfolio stabilizer and income generator. Reduces overall portfolio volatility when paired with equities.

Key Risks to Consider

• Interest rate risk: bond prices fall when rates rise.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

Similar ETFs

BND0.03% TER

Vanguard Total Bond Market ETF

Total US Bond Market · Vanguard

AGG0.03% TER

iShares Core US Aggregate Bond ETF

Total US Bond Market · BlackRock

TIP0.19% TER

iShares TIPS Bond ETF

Inflation-Protected Bonds · BlackRock

SHV0.15% TER

iShares Short Treasury Bond ETF

Ultra Short-Term Treasury · BlackRock

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Correlation Matrix

Risk vs Return

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), BlackRock (metadata)Last verified: 2026-04-16

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💬 Frequently Asked Questions

TLT has a total expense ratio (TER) of 0.15%, which means you pay $15 per year for every $10,000 invested.

Yes, TLT is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

TLT is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

TLT uses optimized sampling, holding a representative subset of the ICE U.S. Treasury 20+ Year Bond Index index to minimize costs while closely tracking performance.