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ETF comparison

BLV vs TLT

US Aggregate Bond vs US Treasury (Long).

Vanguard Long-Term Bond Index Fund ETF Shares · iShares 20+ Year Treasury Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
28.3 %

46 positions appear in both funds. Buying equal dollars of BLV and TLT would leave roughly 28.3% of each dollar exposed to the same underlying securities.

BLV unmatched 70.5% Shared 28.3% TLT unmatched 69.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In BLV only
2,937 positions
Shared
46 positions
In TLT only
0 positions

Side by side

BLV

Vanguard Long-Term Bond Index Fund ETF Shares

Vanguard · US Aggregate Bond

87 composite / 100
Expense ratio
0.030%
Net assets
$7.79B
whole fund, 4 share classes
TTM yield
5.06%
Top-10 conc.
11.0%
TLT

iShares 20+ Year Treasury Bond ETF

iShares · US Treasury (Long)

83 composite / 100
Expense ratio
0.15%
Net assets
$46.23B
TTM yield
4.76%
Top-10 conc.
41.9%

Sub-score comparison

97
Cost
85
50
Tax efficiency
56
95
Liquidity
100
99
Concentration
N/A
—
Tracking quality
—
BLV sub-score TLT

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

BLV is 12 bps cheaper than TLT. On a $100,000 position that's about $120/yr more in fees for TLT.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with BLV vs TLT.

Top shared holdings

46 shared in total
# Holding In BLV In TLT Overlap
1 United States Treasury Note/Bond 1.17% 2.90% 1.17%
2 United States Treasury Note/Bond 1.15% 4.46% 1.15%
3 United States Treasury Note/Bond 1.14% 3.46% 1.14%
4 United States Treasury Note/Bond 1.13% 3.80% 1.13%
5 United States Treasury Note/Bond 1.13% 4.40% 1.13%
6 United States Treasury Note/Bond 1.10% 4.50% 1.10%
7 United States Treasury Note/Bond 1.08% 3.94% 1.08%
8 United States Treasury Note/Bond 1.08% 4.03% 1.08%
9 United States Treasury Note/Bond 1.06% 2.54% 1.06%
10 United States Treasury Note/Bond 0.97% 3.95% 0.97%
11 United States Treasury Note/Bond 0.96% 4.58% 0.96%
12 United States Treasury Note/Bond 0.86% 3.62% 0.86%

Only in BLV

2,937 total
  • United States Treasury Note/Bond 0.85%
  • United States Treasury Note/Bond 0.77%
  • United States Treasury Note/Bond 0.75%
  • United States Treasury Note/Bond 0.75%
  • United States Treasury Note/Bond 0.73%
  • United States Treasury Note/Bond 0.72%
  • United States Treasury Note/Bond 0.70%
  • United States Treasury Note/Bond 0.69%
  • United States Treasury Note/Bond 0.69%
  • United States Treasury Note/Bond 0.68%

Only in TLT

0 total

Every TLT position is also held by BLV.

Percentages are holdings overlap with the named fund.

Open BLV or TLT at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.