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UTWOvsTLTETF Comparison

ETF 1

UTWO

F/m US Treasury 2 Year Note ETF

This fund is part of

US Government Bonds

-0.27%

Full UTWO fund page

VS

ETF 2

TLT

iShares 20+ Year Treasury Bond ETF

This fund is part of

US Government Bonds

-0.27%

Full TLT fund page

F/m US Treasury 2 Year Note ETF (UTWO) and iShares 20+ Year Treasury Bond ETF (TLT) belong to the same industry segment: US Government Bonds. In contrast, TLT's top sector exposures are Sovereign and Non-Corporate. Both UTWO and TLT have the same Total Expense Ratio (TER) of 0.15%. UTWO is up 0.67% year-to-date (YTD) with +$131M in YTD flows. TLT performs worse with -5.73% YTD performance, and +$2.89B in YTD flows. Run a side-by-side ETF comparison of UTWO 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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UTWO 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 10/19/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	UTWO TLT	+0.36%-2.47%	+0.07%-4.18%	+0.67%-5.73%	+1.27%-9.15%	+12.03%+9.13%	n/a-33.88%
Flows	UTWO TLT	+$23M+$592M	+$37M+$6.20B	+$131M+$2.89B	+$137M+$2.80B	+$206M+$11.83B	-+$49.37B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	UTWO TLT	+1.39%+10.47%	+1.31%+9.35%	+1.63%+12.76%	n/a+15.42%
Max drawdown	UTWO TLT	-0.96%-7.39%	-0.96%-12.42%	-1.06%-16.55%	n/a-43.68%
Max drawdown duration	UTWO TLT	55d83d	55d232d	128d763d	n/a1779d

Trading data

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	UTWO	TLT
Last sale 10/20/2026 at 1:30 PM	$47.55	$80.13
Previous close 10/19/2026	$47.55	$79.46
Consolidated volume 10/19/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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

Main metrics

Last update 10/20/2026 at 1:30 PM

Live

Closed

	UTWO	TLT
Last price	$47.55	$80.13
1D performance	+0.00%	+0.84%
AuM	$515.13 M	$46.45 B
E/R	0.15%	0.15%

Characteristics

	UTWO	TLT
Management strategy	Passive	Passive
Provider	F/m Investments	iShares
Benchmark	Bloomberg US Treasury Bellwether 2Y Index	ICE U.S. Treasury 20+ Year Bond Index
N° of holdings	-	48
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	August 9, 2022	July 22, 2002
ESG	No	No

More UTWO data on Trackinsight

More TLT data on Trackinsight

Exposure

Countries

UTWO

Data will be available soon

TLT

USA

99.66%

Other

0.34%

Sectors

UTWO

Data will be available soon

TLT

Sovereign

98.58%

Other

1.42%

Diversification

UTWO

Data will be available soon

TLT

Total weight of top 15 holdings out of 15

58.22%

Top 15 holdings

Data as of January 1, 1970

UTWO

Data will be available soon

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 UTWO and TLT

UTWOvsTLTETF Comparison

F/m US Treasury 2 Year Note ETF

iShares 20+ Year Treasury Bond ETF

UTWO vs TLT performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the UTWO and TLT ETFs performed in 2026?

As of October 19, 2026, UTWO is up 0.67% year-to-date (YTD), while TLT has lost -5.73%. That puts UTWO better performer ahead so far this year.

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

Year-to-date, the UTWO ETF saw +$131M in flows, compared to +$2.89B for TLT.

Which ETF is more volatile: UTWO or TLT?

Over the past year, UTWO had a volatility of 1.31%, while TLT experienced 9.35%.

Which ETF is bigger: UTWO or TLT?

As of October 19, 2026, UTWO holds $515.13 M in assets under management (AUM), while TLT manages $46.45 B.

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