TLTW vs TLT: Dividend Yield, Total Return & Fees Compared
iShares 20+ Year Treasury Bond Buywrite Strategy ETFiShares 20+ Year Treasury Bond ETF
Data as of the close · refreshed automatically every trading day
TLTW vs TLT at a glance
iShares 20+ Year Treasury Bond Buywrite Strategy ETF (TLTW) and iShares 20+ Year Treasury Bond ETF (TLT) are compared below using data through the September 25, 2026 close, refreshed after every trading day.
Over the past year, TLTW returned -2.13% with dividends reinvested, compared with -6.76% for TLT. TLTW currently yields 10.87% (trailing 12-month) against 4.90% for TLT.
TLTW leads on both current yield and 1-year total return. Yields and returns move with markets, so check the longer periods below before drawing conclusions.
| Metric | TLTW | TLT |
|---|---|---|
| Last close | $20.63 | $79.32 |
| Dividend yield | 10.87% (TTM) | 4.90% (TTM) |
| Expense ratio | — | — |
| Pays | monthly | monthly |
| Dividends, last 12 months | $2.24 (12 payments) | $3.89 (12 payments) |
| Issuer | iShares | iShares |
| Inception | — | — |
Performance: TLTW vs TLT
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Dividends
Latest payout, trailing 12-month total and the last 12 distributions.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| TLTW | TLT | ||
|---|---|---|---|
| Sep 2, 2026 | $0.131 | Sep 1, 2026 | $0.315 |
| Aug 4, 2026 | $0.152 | Aug 3, 2026 | $0.330 |
| Jul 2, 2026 | $0.135 | Jul 1, 2026 | $0.318 |
| Jun 2, 2026 | $0.217 | Jun 1, 2026 | $0.336 |
| May 4, 2026 | $0.121 | May 1, 2026 | $0.315 |
| Apr 2, 2026 | $0.211 | Apr 1, 2026 | $0.345 |
| Mar 3, 2026 | $0.204 | Mar 2, 2026 | $0.301 |
| Feb 3, 2026 | $0.174 | Feb 2, 2026 | $0.332 |
| Dec 23, 2025 | $0.187 | Dec 19, 2025 | $0.342 |
| Dec 2, 2025 | $0.188 | Dec 1, 2025 | $0.321 |
| Nov 4, 2025 | $0.378 | Nov 3, 2025 | $0.325 |
| Oct 2, 2025 | $0.145 | Oct 1, 2025 | $0.310 |
TLTW vs TLT: common questions
Which pays a higher dividend, TLTW or TLT?
As of September 25, 2026, TLTW yields 10.87% (trailing 12-month) and TLT yields 4.90% (trailing 12-month), so TLTW currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, TLTW or TLT?
Over the past year with dividends reinvested, TLTW returned -2.13% and TLT returned -6.76%. Past performance does not predict future results.
What would $10,000 in TLTW vs TLT be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $9,787 in TLTW and $9,324 in TLT.
How often do TLTW and TLT pay dividends?
TLTW pays monthly (12 payments in the last 12 months) and TLT pays monthly (12 payments).
Is TLTW or TLT the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Related comparisons
More side-by-side comparisons with TLTW and TLT.
Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.