IBTIvsTLTETF Comparison

ETF 1

IBTI

iShares iBonds Dec 2028 Term Treasury ETF

This fund is part of

US Government Bonds

+0.57%

Full IBTI fund page

ETF 2

TLT

iShares 20+ Year Treasury Bond ETF

This fund is part of

US Government Bonds

+0.57%

Full TLT fund page

iShares iBonds Dec 2028 Term Treasury ETF (IBTI) and iShares 20+ Year Treasury Bond ETF (TLT) belong to the same industry segment: US Government Bonds. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. IBTI is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.15% for TLT. IBTI is up 0.77% year-to-date (YTD) with +$811M in YTD flows. TLT performs worse with -5.07% YTD performance, and +$4.18B in YTD flows. Run a side-by-side ETF comparison of IBTI 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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IBTI vs TLT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IBTI TLT	+0.25%-0.46%	+0.10%-3.87%	+0.77%-5.07%	+1.47%-7.63%	+14.77%+5.48%	+1.79%-34.01%
Flows	IBTI TLT	+$147M+$751M	+$352M+$7.51B	+$811M+$4.18B	+$1.07B+$3.05B	+$2.01B+$13.17B	+$2.19B+$50.52B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IBTI TLT	+1.23%+10.41%	+1.44%+9.35%	+3.03%+12.83%	+4.95%+15.43%
Max drawdown	IBTI TLT	-0.82%-7.66%	-1.08%-12.42%	-2.74%-16.55%	-14.59%-43.68%
Max drawdown duration	IBTI TLT	51d88d	156d228d	160d759d	1447d1775d

Trading data

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	IBTI	TLT
Last sale 10/16/2026 at 4:21 PM	$21.93	$79.72
Previous close 10/15/2026	$21.92	$79.97
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 16, 2026

1-year trailing difference

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	IBTI	TLT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 4:21 PM

Live

Closed

	IBTI	TLT
Last price	$21.93	$79.72
1D performance	+0.05%	-0.31%
AuM	$2.19 B	$48.07 B
E/R	0.07%	0.15%

Characteristics

	IBTI	TLT
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	ICE 2028 Maturity US Treasury Index	ICE U.S. Treasury 20+ Year Bond Index
N° of holdings	47	48
Asset class	Fixed Income	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	February 25, 2020	July 22, 2002
ESG	No	No

More IBTI data on Trackinsight

More TLT data on Trackinsight

Exposure

Countries

IBTI

USA

97.29%

Other

2.71%

TLT

USA

99.66%

Other

0.34%

Sectors

IBTI

Sovereign

96.99%

Other

3.01%

TLT

Sovereign

98.58%

Other

1.42%

Diversification

IBTI

Total weight of top 15 holdings out of 15

38.92%

TLT

Total weight of top 15 holdings out of 15

58.22%

Top 15 holdings

Data as of August 31, 2026

IBTI

USA, Notes 3.5% 31jan2028, USD (U-2028)

4.47%

USA, Notes 3.375% 29feb2028, USD (AY-2028)

2.59%

USA, Notes 3.75% 30apr2028, USD (BA-2028)

2.56%

US91282CRH69

2.55%

USA, Notes 4.125% 30jun2028, USD (BD-2028)

2.52%

USA, Notes 3.875% 15jul2028, USD (AQ-2028)

2.47%

USA, Notes 2.875% 15may2028, USD (C-2028)

2.46%

USA, Notes 2.875% 15aug2028, USD (E-2028)

2.46%

USA, Notes 3.5% 15dec2028, USD (AV-2028)

2.44%

USA, Notes 3.875% 31mar2028, USD (AZ-2028)

2.43%

USA, Notes 3.125% 15nov2028, USD (F-2028)

2.42%

USA, Notes 4% 31may2028, USD (BC-2028)

2.41%

USA, Notes 1.125% 31aug2028, USD (P-2028)

2.40%

USA, Notes 1.25% 30apr2028, USD (K-2028)

2.37%

USA, Notes 3.5% 15oct2028, USD (AT-2028)

2.36%

TLT

USA, Bonds 4.75% 15may2055, USD

4.51%

USA, Bonds 4.625% 15may2054, USD

4.28%

USA, Bonds 4.125% 15aug2053, USD

4.19%

USA, Bonds 4.75% 15feb2056, USD

4.14%

USA, Bonds 4.25% 15feb2054, USD

4.04%

USA, Bonds 5% 15may2056, USD

4.03%

USA, Bonds 4.75% 15nov2053, USD

3.98%

USA, Bonds 4.25% 15aug2054, USD

3.95%

USA, Bonds 4.625% 15nov2055, USD

3.85%

USA, Bonds 4.625% 15feb2055, USD

3.81%

USA, Bonds 4.5% 15nov2054, USD

3.80%

USA, Bonds 1.875% 15nov2051, USD

3.80%

USA, Bonds 2% 15aug2051, USD

3.35%

USA, Bonds 4.75% 15aug2055, USD

3.31%

USA, Bonds 3.625% 15may2053, USD

3.16%

Frequently asked questions about IBTI and TLT

How have the IBTI and TLT ETFs performed in 2026?

As of October 15, 2026, IBTI is up 0.77% year-to-date (YTD), while TLT has lost -5.07%. That puts IBTI better performer ahead so far this year.

Which ETF is attracting more investor money: IBTI or TLT?

Year-to-date, the IBTI ETF saw +$811M in flows, compared to +$4.18B for TLT.

Which ETF is more volatile: IBTI or TLT?

Over the past year, IBTI had a volatility of 1.44%, while TLT experienced 9.35%.

Which ETF is bigger: IBTI or TLT?

As of October 15, 2026, IBTI holds $2.19 B in assets under management (AUM), while TLT manages $48.07 B.

What sectors do the IBTI and TLT ETFs invest in?

IBTI leans toward sectors like Sovereign. Meanwhile, TLT focuses on Sovereign.

What are the top holdings of the IBTI ETF and TLT ETF?

IBTI top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 3.375% 29feb2028, USD (AY-2028) and USA, Notes 3.75% 30apr2028, USD (BA-2028). TLT holds in its top three: USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD and USA, Bonds 4.125% 15aug2053, USD.

IBTIvsTLTETF Comparison

iShares iBonds Dec 2028 Term Treasury ETF

iShares 20+ Year Treasury Bond ETF

IBTI vs TLT performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the IBTI and TLT ETFs performed in 2026?

As of October 15, 2026, IBTI is up 0.77% year-to-date (YTD), while TLT has lost -5.07%. That puts IBTI better performer ahead so far this year.

Which ETF is attracting more investor money: IBTI or TLT?

Year-to-date, the IBTI ETF saw +$811M in flows, compared to +$4.18B for TLT.

Which ETF is more volatile: IBTI or TLT?

Over the past year, IBTI had a volatility of 1.44%, while TLT experienced 9.35%.

Which ETF is bigger: IBTI or TLT?

As of October 15, 2026, IBTI holds $2.19 B in assets under management (AUM), while TLT manages $48.07 B.

What sectors do the IBTI and TLT ETFs invest in?

IBTI leans toward sectors like Sovereign. Meanwhile, TLT focuses on Sovereign.

What are the top holdings of the IBTI ETF and TLT ETF?

IBTI top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 3.375% 29feb2028, USD (AY-2028) and USA, Notes 3.75% 30apr2028, USD (BA-2028). TLT holds in its top three: USA, Bonds 4.75% 15may2055, USD, USA, Bonds 4.625% 15may2054, USD and USA, Bonds 4.125% 15aug2053, USD.

Which ETF is more diversified: IBTI or TLT?

IBTI holds 47 securities with 38.92% of its assets in the top 15. TLT has 48 securities and a top 15 weight of 58.22%.

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