ETF comparison

SPTL vs TLT

Both US Treasury (Long).

State Street SPDR Portfolio Long Term Treasury ETF · iShares 20+ Year Treasury Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
49.7 %

45 positions appear in both funds. Buying equal dollars of SPTL and TLT would leave roughly 49.7% of each dollar exposed to the same underlying securities.

SPTL only 49.2% Shared 49.7% TLT only 49.6%
In SPTL only
53 positions
Shared
45 positions
In TLT only
1 positions

Side by side

SPTL

State Street SPDR Portfolio Long Term Treasury ETF

State Street · US Treasury (Long)

88 composite / 100
Expense ratio
0.030%
Net assets
$10.47B
TTM yield
4.26%
Top-10 conc.
21.8%
TLT

iShares 20+ Year Treasury Bond ETF

iShares · US Treasury (Long)

78 composite / 100
Expense ratio
0.15%
Net assets
$41.10B
TTM yield
4.63%
Top-10 conc.
43.5%

Sub-score comparison

97
Cost
85
57
Tax efficiency
56
100
Liquidity
100
83
Concentration
52
Tracking quality
SPTL sub-score TLT

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

Cost difference

SPTL 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 SPTL vs TLT.

Top shared holdings

45 shared in total
# Holding In SPTL In TLT Overlap
1 United States Treasury 2.31% 4.46% 2.31%
2 United States Treasury 2.29% 2.90% 2.29%
3 United States Treasury 2.25% 4.40% 2.25%
4 United States Treasury 2.23% 3.80% 2.23%
5 United States Treasury 2.21% 4.50% 2.21%
6 United States Treasury 2.20% 3.46% 2.20%
7 United States Treasury 2.13% 4.03% 2.13%
8 United States Treasury 2.09% 4.25% 2.09%
9 United States Treasury 1.88% 4.58% 1.88%
10 United States Treasury 1.67% 3.62% 1.67%
11 United States Treasury 1.57% 2.69% 1.57%
12 United States Treasury 1.54% 3.86% 1.54%

Only in SPTL

53 total
  • United States Treasury 1.58%
  • United States Treasury 1.50%
  • United States Treasury 1.46%
  • United States Treasury 1.46%
  • United States Treasury 1.41%
  • United States Treasury 1.41%
  • United States Treasury 1.40%
  • United States Treasury 1.40%
  • United States Treasury 1.40%
  • United States Treasury 1.34%

Only in TLT

1 total
  • BlackRock Funds III 1.15%

Open SPTL 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.