TLTW vs VTI
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | TLTW | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | |
| AUM | $1.8B | $666.9B | |
| Dividend Yield | 11.24% | 1.07% | |
| Holdings | 4 | 3,543 | |
| YTD Return | -6.45% | +13.14% | |
| 1Y Return | -2.92% | +22.35% | |
| 3Y Return (annualized) | -0.02% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 12.1% | 15.3% | |
| Max Drawdown | -18.6% | -56.6% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Aug 18, 2022 | May 24, 2001 |
TLTW vs VTI Performance
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is a ETF from iShares by BlackRock (US) and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year TLTW returned -2.92% while VTI returned +22.35%. Year to date, TLTW is down 6.45% versus a gain of 13.14% for VTI.
Over three years, TLTW compounded at -0.02% per year against +21.83% for VTI. Across the full 4-year window we track, VTI has the edge at +8.09% annualized vs -2.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% 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 -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.54. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TLTW charges 0.35% per year while VTI 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 11.24% against 1.07% for VTI.
Holdings Overlap
TLTW and VTI share 0 holdings out of 2789 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, TLTW or VTI?
TLTW has an expense ratio of 0.35% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, TLTW or VTI?
Over the past year TLTW returned -2.92% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (4 years), TLTW annualized -2.48% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, TLTW or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 12.1% for TLTW. Worst drawdown: TLTW -18.6% vs VTI -56.6%.
Should I hold both TLTW and VTI?
TLTW and VTI have a monthly-return correlation of 0.54, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TLTW and VTI?
TLTW and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2789 unique securities.
Which pays a higher dividend, TLTW or VTI?
TLTW yields 11.24% while VTI yields 1.07%, so TLTW currently pays the higher dividend yield.
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