TLTW vs VOO
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF vs Vanguard S&P 500 ETF
Which is better, TLTW or VOO?
Long Term High Quality against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TLTW | VOO |
|---|---|---|
| Expense Ratio | 0.35% | 0.03%Best |
| AUM | $1.8B | $997.4B |
| Dividend Yield | 10.93% | 1.04% |
| Holdings | 49 | 509 |
| YTD Return | -7.95% | +11.55%Best |
| 1Y Return | -7.40% | +17.54%Best |
| 3Y Return (annualized) | -1.06% | +20.71%Best |
| 5Y Return (annualized) | - | +12.80% |
| Volatility (annualized) | 12.1%Best | 14.2% |
| Max Drawdown | -18.6%Best | -18.7% |
| $10,000 over 4.1 years | $8,890 | $19,554Best |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Long Term High Quality | Large Cap Blend |
| Inception | Aug 18, 2022 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.1 years row, are measured over the window both funds cover: Aug 22, 2022 to Sep 10, 2026 (4.1 years).
TLTW vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.1 years both funds cover.
TLTW vs VOO Performance
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is an ETF from iShares by BlackRock (US) and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TLTW returned -7.40% while VOO returned +17.54%. Year to date, TLTW is down 7.95% versus a gain of 11.55% for VOO.
Over three years, TLTW compounded at -1.06% per year against +20.71% for VOO. Across the full 4-year window we track, VOO has the edge at +17.77% annualized vs -2.83%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.1% for TLTW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.6% for TLTW and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TLTW charges 0.35% per year while VOO charges 0.03%. On a $10,000 position that is $35 vs $3 annually, a gap of $32 per year that compounds over a long holding period. On income, TLTW currently yields 10.93% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 2 holdings in TLTW and 505 in VOO, totalling 100.1% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in TLTW and 505 in VOO, against full books of 49 and 509.
You are not choosing between two funds in isolation.
Whichever of TLTW and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TLTW or VOO?
TLTW has an expense ratio of 0.35% while VOO charges 0.03%. VOO is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, TLTW or VOO?
Over the past year TLTW returned -7.40% vs +17.54% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), TLTW annualized -2.83% vs +17.77% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TLTW or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.1% for TLTW. Worst drawdown: TLTW -18.6% vs VOO -18.7%.
Should I hold both TLTW and VOO?
TLTW and VOO have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TLTW or VOO?
TLTW yields 10.93% while VOO yields 1.04%, so TLTW currently pays the higher dividend yield.
Is VOO better than TLTW?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.