IBTPvsTLHETF Comparison
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iShares iBonds Dec 2034 Term Treasury ETF (IBTP) 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. IBTP is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.15% for TLH. IBTP is down -2.87% year-to-date (YTD) with +$138M in YTD flows. TLH performs worse with -4.24% YTD performance, and +$121M in YTD flows. Run a side-by-side ETF comparison of IBTP 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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IBTP vs TLH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBTP TLH | +0.08%-0.53% | -2.39%-3.32% | -2.87%-4.24% | -3.36%-6.10% | n/a+11.00% | n/a-23.20% |
| Flows | IBTP TLH | +$25M+$756M | +$66M+$1.10B | +$138M+$121M | +$165M+$61M | -+$5.61B | -+$12.42B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBTP TLH | +4.98%+8.68% | +4.68%+7.89% | n/a+10.51% | n/a+12.56% |
| Max drawdown | IBTP TLH | -4.03%-6.33% | -6.48%-10.32% | n/a-11.67% | n/a-35.37% |
| Max drawdown duration | IBTP TLH | 52d89d | 229d229d | n/a760d | n/a1776d |
Trading data
IBTP | TLH | |
Last sale 10/16/2026 at 7:59 PM | $24.33 | $93.95 |
| Previous close 10/16/2026 | $24.31 | $94.09 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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IBTP | 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 10/16/2026 at 7:59 PM
Live
Closed
IBTP | TLH | |
|---|---|---|
| Last price | $24.33 | $93.95 |
| 1D performance | +0.10% | -0.15% |
| AuM | $336.74 M | $11.67 B |
| E/R | 0.07% | 0.15% |
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Exposure
Countries
IBTP
USA
100.63%
Other
-0.63%
TLH
USA
99.97%
Other
0.03%
Sectors
IBTP
Sovereign
99.63%
Other
0.37%
TLH
Sovereign
98.75%
Other
1.25%
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Diversification
IBTP
Total weight of top 5 holdings out of 5
100.63%
TLH
Total weight of top 15 holdings out of 15
48.64%
Top 15 holdings
Data as of August 31, 2026
IBTP
USA, Notes 4.375% 15may2034, USD (C-2034)
25.33%
USA, Notes 4.25% 15nov2034, USD (F-2034)
25.31%
USA, Notes 4% 15feb2034, USD (B-2034)
24.63%
USA, Notes 3.875% 15aug2034, USD (E-2034)
24.37%
BlackRock Cash Funds - Treasury
0.99%
TLH
USA, Bonds 4.5% 15feb2044, USD
3.98%
USA, Bonds 4.125% 15aug2044, USD
3.96%
USA, Bonds 3.875% 15may2043, USD
3.55%
USA, Bonds 4.625% 15nov2045, USD
3.37%
USA, Bonds 4% 15nov2042, USD
3.36%
USA, Bonds 4.75% 15feb2045, USD
3.32%
USA, Bonds 4.375% 15aug2043, USD
3.29%
USA, Bonds 4.75% 15nov2043, USD
3.24%
USA, Bonds 3.875% 15feb2043, USD
3.18%
USA, Bonds 3.375% 15aug2042, USD
3.13%
USA, Bonds 1.75% 15aug2041, USD
3.02%
USA, Bonds 2% 15nov2041, USD
2.97%
USA, Bonds 1.875% 15feb2041, USD
2.89%
USA, Bonds 2.375% 15feb2042, USD
2.71%
USA, Bonds 5% 15may2046, USD
2.67%
Frequently asked questions about IBTP and TLH
How have the IBTP and TLH ETFs performed in 2026?
As of October 16, 2026, IBTP is down -2.87% year-to-date (YTD), while TLH has lost -4.24%. That puts IBTP better performer ahead so far this year.
Which ETF is attracting more investor money: IBTP or TLH?
Year-to-date, the IBTP ETF saw +$138M in flows, compared to +$121M for TLH.
Which ETF is more volatile: IBTP or TLH?
Over the past year, IBTP had a volatility of 4.68%, while TLH experienced 7.89%.
Which ETF is bigger: IBTP or TLH?
As of October 16, 2026, IBTP holds $336.74 M in assets under management (AUM), while TLH manages $11.67 B.
What sectors do the IBTP and TLH ETFs invest in?
IBTP leans toward sectors like Sovereign. Meanwhile, TLH focuses on Sovereign.
What are the top holdings of the IBTP ETF and TLH ETF?
IBTP top holdings include USA, Notes 4.375% 15may2034, USD (C-2034), USA, Notes 4.25% 15nov2034, USD (F-2034) and USA, Notes 4% 15feb2034, USD (B-2034). 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: IBTP or TLH?
IBTP has 5 securities. TLH has 62 securities and a top 15 weight of 48.64%.
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Latest news about IBTP & TLH
U.S. Yield Curve Normalization Signals Economic Resilience
December 16, 2024
TLH
Treasury Yields Soar to November High Amid Hot CPI
April 15, 2024
TLH
Long-Dated Treasuries No Longer Considered a Safe Haven
October 24, 2023
TLH
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