TLTvsSHYETF Comparison
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iShares 20+ Year Treasury Bond ETF (TLT) and iShares 1-3 Year Treasury Bond ETF (SHY) belong to the same industry segment: US Government Bonds. Both ETFs have the same top 3 sector exposures: and Sovereign. Both TLT and SHY have the same Total Expense Ratio (TER) of 0.15%. TLT is up 0.55% year-to-date (YTD) with -$4.96B in YTD flows. SHY performs worse with 0.27% YTD performance, and +$1.57B in YTD flows. Run a side-by-side ETF comparison of TLT and SHY 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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TLT vs SHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TLT SHY | -2.81%-0.29% | +0.76%+0.26% | +0.55%+0.27% | -0.76%+3.66% | -8.01%+12.01% | -25.36%+8.84% |
| Flows | TLT SHY | -$1.13B+$379M | -$4.96B+$1.57B | -$4.96B+$1.57B | -$7.31B+$2.32B | +$16.02B-$3.12B | +$41.62B+$6.23B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TLT SHY | +10.43%+1.35% | +11.31%+1.40% | +14.10%+1.69% | +15.62%+1.90% |
| Max drawdown | TLT SHY | -5.33%-0.85% | -9.31%-0.85% | -22.35%-1.58% | -43.68%-5.73% |
| Max drawdown duration | TLT SHY | 32d32d | 190d32d | 1089d182d | 1579d1035d |
Trading data
TLT | SHY | |
Last sale 4/2/2026 at 1:30 PM | $86.79 | $82.36 |
| Previous close 04/02/2026 | $86.26 | $82.32 |
| Consolidated volume 04/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 6, 2026
1-year trailing difference
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TLT | SHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
TLT | SHY | |
|---|---|---|
| Last price | $86.79 | $82.36 |
| 1D performance | +0.61% | +0.05% |
| AuM | $42.26 B | $25.04 B |
| E/R | 0.15% | 0.15% |
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Exposure
Countries
TLT
USA
100.01%
Other
-0.01%
SHY
USA
100.01%
Other
-0.01%
Sectors
TLT
Sovereign
90.09%
Other
9.91%
SHY
Sovereign
82.18%
Other
17.82%
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Diversification
TLT
Total weight of top 15 holdings out of 15
60.39%
SHY
Total weight of top 15 holdings out of 15
24.28%
Top 15 holdings
Data as of February 28, 2026
TLT
USA, Bonds 2% 15aug2051, USD
4.84%
USA, Bonds 1.875% 15nov2051, USD
4.79%
USA, Bonds 4.125% 15aug2053, USD
4.58%
USA, Bonds 4.75% 15nov2053, USD
4.56%
US912810UK24
4.52%
USA, Bonds 4.625% 15may2054, USD
4.46%
USA, Bonds 4.25% 15aug2054, USD
4.26%
USA, Bonds 4.25% 15feb2054, USD
4.04%
USA, Bonds 3.625% 15may2053, USD
3.91%
USA, Bonds 4.625% 15feb2055, USD
3.81%
USA, Bonds 1.875% 15feb2051, USD
3.70%
USA, Bonds 4% 15nov2052, USD
3.67%
USA, Bonds 4.5% 15nov2054, USD
3.50%
US912810UM89
2.90%
USA, Bonds 3.375% 15nov2048, USD
2.84%
SHY
USA, Notes 4.25% 15mar2027, USD (AL-2027)
2.25%
USA, Notes 1.25% 30apr2028, USD (K-2028)
1.96%
USA, Notes 4.5% 15may2027, USD (AN-2027)
1.86%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.71%
USA, Notes 4.5% 15apr2027, USD (AM-2027)
1.65%
USA, Notes 2.625% 31may2027, USD (Z-2027)
1.60%
USA, Notes 1.25% 30jun2028, USD (M-2028)
1.60%
US91282CMV09
1.56%
USA, Notes 4.125% 15feb2027, USD (AK-2027)
1.55%
USA, Notes 3.75% 15aug2027, USD (AR-2027)
1.48%
USA, Notes 2.25% 15aug2027, USD (E-2027)
1.44%
USA, Notes 4.375% 15jul2027, USD (AQ-2027)
1.44%
USA, Notes 4.25% 15feb2028, USD (AK-2028)
1.40%
USA, Notes 3.875% 15oct2027, USD (AT-2027)
1.40%
USA, Notes 3.375% 15sep2027, USD (AS-2027)
1.40%
Frequently asked questions about TLT and SHY
How have the TLT and SHY ETFs performed in 2026?
As of April 2, 2026, TLT is up 0.55% year-to-date (YTD), while SHY has returned 0.27%. That puts TLT better performer ahead so far this year.
Which ETF is attracting more investor money: TLT or SHY?
Year-to-date, the TLT ETF saw -$4.96B in flows, compared to +$1.57B for SHY.
Which ETF is more volatile: TLT or SHY?
Over the past year, TLT had a volatility of 11.31%, while SHY experienced 1.4%.
Which ETF is bigger: TLT or SHY?
As of April 2, 2026, TLT holds $42.26 B in assets under management (AUM), while SHY manages $25.04 B.
What sectors do the TLT and SHY ETFs invest in?
TLT leans toward sectors like Sovereign. Meanwhile, SHY focuses on Sovereign.
What are the top holdings of the TLT ETF and SHY ETF?
TLT top holdings include USA, Bonds 2% 15aug2051, USD, USA, Bonds 1.875% 15nov2051, USD and USA, Bonds 4.125% 15aug2053, USD. SHY holds in its top three: USA, Notes 4.25% 15mar2027, USD (AL-2027), USA, Notes 1.25% 30apr2028, USD (K-2028) and USA, Notes 4.5% 15may2027, USD (AN-2027).
Which ETF is more diversified: TLT or SHY?
TLT holds 46 securities with 60.39% of its assets in the top 15. SHY has 90 securities and a top 15 weight of 24.28%.
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