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IBTPvsTLTETF Comparison

ETF 1

IBTP

iShares iBonds Dec 2034 Term Treasury ETF

This fund is part of

US Government Bonds

+0.07%

Full IBTP fund page

VS

ETF 2

TLT

iShares 20+ Year Treasury Bond ETF

This fund is part of

US Government Bonds

+0.07%

Full TLT fund page

iShares iBonds Dec 2034 Term Treasury ETF (IBTP) and iShares 20+ Year Treasury Bond ETF (TLT) belong to the same industry segment: US Government Bonds. IBTP's top 1 sector exposures are Sovereign. In contrast, TLT's top sector exposures are Sovereign and Non-Corporate. IBTP is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.15% for TLT. IBTP is down -1.39% year-to-date (YTD) with +$97M in YTD flows. TLT performs worse with -3.17% YTD performance, and +$1.82B in YTD flows. Run a side-by-side ETF comparison of IBTP 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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IBTP 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 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IBTP TLT	-0.31%+0.08%	-1.06%-3.21%	-1.39%-3.17%	+0.55%+0.07%	n/a-0.55%	n/a-34.63%
Flows	IBTP TLT	+$19M+$5.25B	+$32M+$6.11B	+$97M+$1.82B	+$160M+$1.46B	-+$13.08B	-+$46.93B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IBTP TLT	+4.60%+9.63%	+4.53%+9.34%	n/a+13.29%	n/a+15.49%
Max drawdown	IBTP TLT	-1.95%-6.21%	-3.96%-8.29%	n/a-14.78%	n/a-43.68%
Max drawdown duration	IBTP TLT	65d65d	185d185d	n/a716d	n/a1732d

Trading data

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	IBTP	TLT
Last sale 9/2/2026 at 1:30 PM	$24.78	$81.95
Previous close 09/02/2026	$24.76	$81.87
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 3, 2026

1-year trailing difference

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

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	IBTP	TLT
Last price	$24.78	$81.95
1D performance	+0.08%	+0.10%
AuM	$300.95 M	$46.67 B
E/R	0.07%	0.15%

Characteristics

	IBTP	TLT
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	ICE 2034 Maturity US Treasury Index Index	ICE U.S. Treasury 20+ Year Bond Index
N° of holdings	4	47
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	June 11, 2024	July 22, 2002
ESG	No	No

More IBTP data on Trackinsight

More TLT data on Trackinsight

Exposure

Countries

IBTP

USA

100%

Other

0%

TLT

USA

100%

Other

0%

Sectors

IBTP

Sovereign

100%

Other

0%

TLT

Sovereign

100%

Other

0%

Diversification

IBTP

Total weight of top 4 holdings out of 4

100%

TLT

Total weight of top 15 holdings out of 15

59.52%

Top 15 holdings

Data as of July 31, 2026

IBTP

USA, Notes 4.375% 15may2034, USD (C-2034)

25.35%

USA, Notes 4.25% 15nov2034, USD (F-2034)

25.08%

USA, Notes 4% 15feb2034, USD (B-2034)

24.88%

USA, Notes 3.875% 15aug2034, USD (E-2034)

24.68%

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 IBTP and TLT

How have the IBTP and TLT ETFs performed in 2026?

As of September 2, 2026, IBTP is down -1.39% year-to-date (YTD), while TLT has lost -3.17%. That puts IBTP better performer ahead so far this year.

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

Year-to-date, the IBTP ETF saw +$97M in flows, compared to +$1.82B for TLT.

Which ETF is more volatile: IBTP or TLT?

Over the past year, IBTP had a volatility of 4.53%, while TLT experienced 9.34%.

Which ETF is bigger: IBTP or TLT?

As of September 2, 2026, IBTP holds $300.95 M in assets under management (AUM), while TLT manages $46.67 B.

What sectors do the IBTP and TLT ETFs invest in?

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

What are the top holdings of the IBTP ETF and TLT 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). 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.

IBTPvsTLTETF Comparison

iShares iBonds Dec 2034 Term Treasury ETF

iShares 20+ Year Treasury Bond ETF

IBTP 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 IBTP and TLT ETFs performed in 2026?

As of September 2, 2026, IBTP is down -1.39% year-to-date (YTD), while TLT has lost -3.17%. That puts IBTP better performer ahead so far this year.

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

Year-to-date, the IBTP ETF saw +$97M in flows, compared to +$1.82B for TLT.

Which ETF is more volatile: IBTP or TLT?

Over the past year, IBTP had a volatility of 4.53%, while TLT experienced 9.34%.

Which ETF is bigger: IBTP or TLT?

As of September 2, 2026, IBTP holds $300.95 M in assets under management (AUM), while TLT manages $46.67 B.

What sectors do the IBTP and TLT ETFs invest in?

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

What are the top holdings of the IBTP ETF and TLT 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). 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: IBTP or TLT?

IBTP has 4 securities. TLT has 47 securities and a top 15 weight of 59.52%.

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