BNDDvsTLTETF Comparison
VS
Quadratic Deflation ETF (BNDD) belongs to the Options Strategies segment. iShares 20+ Year Treasury Bond ETF (TLT) is part of the US Government Bonds segment. BNDD's top 1 sector exposures are Sovereign. In contrast, TLT's top sector exposures are Sovereign and Non-Corporate. BNDD is more expensive with a Total Expense Ratio (TER) of 1.02%, versus 0.15% for TLT. BNDD is up 3.38% year-to-date (YTD) with +$10M in YTD flows. TLT performs worse with -4.54% YTD performance, and +$2.28B in YTD flows. Run a side-by-side ETF comparison of BNDD and TLT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BNDD vs TLT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BNDD TLT | +1.11%-1.15% | -1.19%-3.73% | +3.38%-4.54% | +0.68%-5.83% | -10.08%-2.09% | n/a-35.10% |
| Flows | BNDD TLT | -$3M+$7.00B | +$12M+$8.51B | +$10M+$2.28B | +$10M+$2.41B | -$32M+$13.90B | -+$47.48B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BNDD TLT | +6.82%+9.81% | +7.53%+9.09% | +11.35%+13.30% | n/a+15.47% |
| Max drawdown | BNDD TLT | -5.37%-6.53% | -5.51%-8.60% | -17.62%-14.78% | n/a-43.68% |
| Max drawdown duration | BNDD TLT | 78d73d | 225d193d | 807d724d | n/a1740d |
Trading data
BNDD | TLT | |
Last sale 9/11/2026 at 1:30 PM | $96.97 | $80.87 |
| Previous close 09/10/2026 | $96.16 | $80.78 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 12, 2026
1-year trailing difference
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BNDD
is actively managed and doesn’t replicate an indexBNDD | TLT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
BNDD | TLT | |
|---|---|---|
| Last price | $96.97 | $80.87 |
| 1D performance | +0.84% | +0.11% |
| AuM | $17.49 M | $46.47 B |
| E/R | 1.02% | 0.15% |
Characteristics
BNDD | TLT | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | KraneShares | iShares |
| Benchmark | - | ICE U.S. Treasury 20+ Year Bond Index |
| N° of holdings | 99 | 47 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 21, 2021 | July 22, 2002 |
| ESG | No | No |
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Exposure
Countries
BNDD
USA
76.71%
Other
23.29%
TLT
USA
100%
Other
0%
Sectors
BNDD
Sovereign
76.71%
Other
23.29%
TLT
Sovereign
100%
Other
0%
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Diversification
BNDD
Total weight of top 15 holdings out of 15
22.88%
TLT
Total weight of top 15 holdings out of 15
59.52%
Top 15 holdings
Data as of July 31, 2026
BNDD
USA, Bonds 5% 15may2056, USD
1.70%
USA, Bonds 4.75% 15may2055, USD
1.69%
USA, Bonds 4.75% 15aug2055, USD
1.69%
USA, Bonds 4.625% 15feb2055, USD
1.65%
USA, Bonds 4.625% 15nov2055, USD
1.64%
USA, Bonds 4.75% 15feb2056, USD
1.63%
USA, Bonds 4.75% 15nov2053, USD
1.63%
USA, Bonds 4.625% 15may2054, USD
1.60%
USA, Bonds 4.5% 15nov2054, USD
1.57%
USA, Bonds 4.25% 15feb2054, USD
1.56%
USA, Bonds 4.25% 15aug2054, USD
1.54%
USA, Bonds 4.125% 15aug2053, USD
1.40%
USA, Bonds 4% 15nov2052, USD
1.24%
USA, Bonds 1.75% 15aug2041, USD
1.19%
USA, Bonds 3.625% 15feb2053, USD
1.15%
TLT
USA, Bonds 4.125% 15aug2053, USD
4.68%
USA, Bonds 4.75% 15nov2053, USD
4.55%
USA, Bonds 4.75% 15may2055, USD
4.51%
USA, Bonds 4.625% 15may2054, USD
4.45%
USA, Bonds 4.25% 15feb2054, USD
4.13%
USA, Bonds 4.75% 15feb2056, USD
4.04%
USA, Bonds 4.25% 15aug2054, USD
4.03%
USA, Bonds 3.625% 15may2053, USD
3.90%
USA, Bonds 4.625% 15feb2055, USD
3.89%
USA, Bonds 2% 15aug2051, USD
3.80%
USA, Bonds 4.5% 15nov2054, USD
3.79%
USA, Bonds 1.875% 15nov2051, USD
3.79%
USA, Bonds 4% 15nov2052, USD
3.66%
USA, Bonds 4.625% 15nov2055, USD
3.25%
USA, Bonds 3.625% 15feb2053, USD
3.04%
Frequently asked questions about BNDD and TLT
How have the BNDD and TLT ETFs performed in 2026?
As of September 10, 2026, BNDD is up 3.38% year-to-date (YTD), while TLT has lost -4.54%. That puts BNDD better performer ahead so far this year.
Which ETF is attracting more investor money: BNDD or TLT?
Year-to-date, the BNDD ETF saw +$10M in flows, compared to +$2.28B for TLT.
Which ETF is more volatile: BNDD or TLT?
Over the past year, BNDD had a volatility of 7.53%, while TLT experienced 9.09%.
Which ETF is bigger: BNDD or TLT?
As of September 10, 2026, BNDD holds $17.49 M in assets under management (AUM), while TLT manages $46.47 B.
What sectors do the BNDD and TLT ETFs invest in?
BNDD leans toward sectors like Sovereign. Meanwhile, TLT focuses on Sovereign.
What are the top holdings of the BNDD ETF and TLT ETF?
BNDD top holdings include USA, Bonds 5% 15may2056, USD, USA, Bonds 4.75% 15may2055, USD and USA, Bonds 4.75% 15aug2055, USD. TLT holds in its top three: USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: BNDD or TLT?
BNDD holds 99 securities with 22.88% of its assets in the top 15. TLT has 47 securities and a top 15 weight of 59.52%.
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