GOVTvsTLHETF Comparison
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iShares U.S. Treasury Bond ETF (GOVT) and iShares 10-20 Year Treasury Bond ETF (TLH) belong to the same industry segment: US Government Bonds. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. GOVT is less expensive with a Total Expense Ratio (TER) of 0.05%, versus 0.15% for TLH. GOVT is down -1.29% year-to-date (YTD) with +$9.47B in YTD flows. TLH performs worse with -2.11% YTD performance, and -$702M in YTD flows. Run a side-by-side ETF comparison of GOVT and TLH 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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GOVT vs TLH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GOVT TLH | -0.77%+0.53% | -1.02%-0.91% | -1.29%-2.11% | -0.82%-2.43% | +9.78%+5.92% | -4.92%-22.99% |
| Flows | GOVT TLH | -$1.85B+$270M | -$348M+$292M | +$9.47B-$702M | +$14.98B+$334M | +$18.65B+$4.47B | +$30.09B+$11.58B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GOVT TLH | +3.70%+7.95% | +3.45%+7.57% | +4.76%+10.84% | +5.67%+12.58% |
| Max drawdown | GOVT TLH | -2.09%-4.47% | -3.09%-6.47% | -4.87%-11.67% | -16.48%-35.45% |
| Max drawdown duration | GOVT TLH | 73d71d | 193d191d | 318d722d | 1822d1812d |
Trading data
GOVT | TLH | |
Last sale 9/11/2026 at 2:53 PM | $22.20 | $95.48 |
| Previous close 09/10/2026 | $22.17 | $95.04 |
| 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 11, 2026
1-year trailing difference
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GOVT | TLH | |
|---|---|---|
| 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 2:53 PM
Live
Closed
GOVT | TLH | |
|---|---|---|
| Last price | $22.20 | $95.48 |
| 1D performance | +0.11% | +0.46% |
| AuM | $41.41 B | $11.11 B |
| E/R | 0.05% | 0.15% |
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Exposure
Countries
GOVT
USA
100%
Other
-0%
TLH
USA
100.01%
Other
-0.01%
Sectors
GOVT
Sovereign
99.82%
Other
0.18%
TLH
Sovereign
99.84%
Other
0.16%
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Diversification
GOVT
Total weight of top 15 holdings out of 15
27.58%
TLH
Total weight of top 15 holdings out of 15
50.56%
Top 15 holdings
Data as of July 31, 2026
GOVT
USA, Notes 1.375% 15nov2031, USD (F-2031)
5.29%
USA, Notes 2.625% 15feb2029, USD (B-2029)
2.98%
USA, Notes 2.75% 15feb2028, USD (B-2028)
2.66%
USA, Notes 3.125% 15nov2028, USD (F-2028)
2.09%
USA, Notes 2.875% 15may2028, USD (C-2028)
1.62%
USA, Bonds 2.5% 15may2046, USD
1.50%
USA, Bonds 1.875% 15feb2051, USD
1.49%
USA, Bonds 2.75% 15nov2042, USD
1.48%
USA, Bonds 6.125% 15nov2027, USD
1.40%
USA, Bonds 3.75% 15nov2043, USD
1.39%
USA, Notes 2.25% 15nov2027, USD (F-2027)
1.37%
USA, Notes 4% 31may2028, USD (BC-2028)
1.21%
USA, Notes 2.375% 15may2029, USD (C-2029)
1.08%
USA, Notes 4% 31may2030, USD (Z-2030)
1.01%
USA, Notes 4% 15feb2034, USD (B-2034)
1.01%
TLH
USA, Bonds 4.5% 15feb2044, USD
4.06%
USA, Bonds 4.125% 15aug2044, USD
4.04%
USA, Bonds 3.875% 15may2043, USD
3.54%
USA, Bonds 1.75% 15aug2041, USD
3.49%
USA, Bonds 2% 15nov2041, USD
3.44%
USA, Bonds 4.75% 15feb2045, USD
3.39%
USA, Bonds 4.625% 15nov2045, USD
3.36%
USA, Bonds 4.375% 15aug2043, USD
3.35%
USA, Bonds 4% 15nov2042, USD
3.34%
USA, Bonds 3.375% 15aug2042, USD
3.32%
USA, Bonds 3.875% 15feb2043, USD
3.24%
USA, Bonds 4.75% 15nov2043, USD
3.23%
USA, Bonds 1.875% 15feb2041, USD
3.12%
USA, Bonds 2.375% 15feb2042, USD
2.95%
USA, Bonds 4.625% 15feb2046, USD
2.68%
Frequently asked questions about GOVT and TLH
How have the GOVT and TLH ETFs performed in 2026?
As of September 10, 2026, GOVT is down -1.29% year-to-date (YTD), while TLH has lost -2.11%. That puts GOVT better performer ahead so far this year.
Which ETF is attracting more investor money: GOVT or TLH?
Year-to-date, the GOVT ETF saw +$9.47B in flows, compared to -$702M for TLH.
Which ETF is more volatile: GOVT or TLH?
Over the past year, GOVT had a volatility of 3.45%, while TLH experienced 7.57%.
Which ETF is bigger: GOVT or TLH?
As of September 10, 2026, GOVT holds $41.41 B in assets under management (AUM), while TLH manages $11.11 B.
What sectors do the GOVT and TLH ETFs invest in?
GOVT leans toward sectors like Sovereign. Meanwhile, TLH focuses on Sovereign.
What are the top holdings of the GOVT ETF and TLH ETF?
GOVT top holdings include USA, Notes 1.375% 15nov2031, USD (F-2031), USA, Notes 2.625% 15feb2029, USD (B-2029) and USA, Notes 2.75% 15feb2028, USD (B-2028). TLH holds in its top three: USA, Bonds 4.5% 15feb2044, USD, USA, Bonds 4.125% 15aug2044, USD and USA, Bonds 3.875% 15may2043, USD.
Which ETF is more diversified: GOVT or TLH?
GOVT holds 215 securities with 27.58% of its assets in the top 15. TLH has 60 securities and a top 15 weight of 50.56%.
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