IEF vs TLTW
iShares 7-10 Year Treasury Bond ETF compared with iShares 20+ Year Treasury Bond Buywrite Strategy ETF on yield, payout growth, payment schedule, cost and risk.
IEF
iShares 7-10 Year Treasury Bond ETF
TTM yield · Monthly
TLTW
iShares 20+ Year Treasury Bond Buywrite Strategy ETF
TTM yield · Monthly
Quick take
- TLTW yields more today: 9.74% vs 4.02% (forward).
- IEF has grown its payout faster: 13.0%/yr vs -26.5%/yr over the last 3 years.
- Both pay every month.
- IEF has the longer streak of annual increases: 5 years vs 0.
- Over the last year TLTW delivered the higher total return: +2.8% vs -0.3% (price change plus payouts).
- IEF is cheaper to own: 0.15% vs 0.35% expense ratio.
- IEF has the steadier distribution: consistency 96/100 vs 65/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | IEF | TLTW |
|---|---|---|
| Share price | $92.16 | $21.20 |
| TTM yield | 4.02% | 10.58% |
| Forward yield | 4.02% | 9.74% |
| Annual payout per share | $3.701 | $2.064 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 2, 2026 (est.) |
| Expense ratio | 0.15% | 0.35% |
| 1-year payout growth | +2.7% | -41.7% |
| 5-year payout CAGR | +32.3% | — |
| Consecutive years of increases | 5 years | 0 years |
| Payout consistency (last 12) | 96/100 | 65/100 |
| 1-year total return | -0.3% | +2.8% |
| 1-year price return | -4.1% | -7.1% |
| Size (market cap / AUM) | 41.8B | 1.8B |
| Years paying | 24.0 | 4.0 |
| Sector / category | Long Government | Long Government |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| IEF | TLTW | |
|---|---|---|
| Shares | 108.5 | 471.7 |
| Income per year | $402 | $974 |
| Income per month (avg) | $33 | $81 |
At forward yields, before taxes. Model IEF · Model TLTW
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| IEF Oct 1, 2026 | Oct 4, 2026 | $0.3084 | Est. |
| IEF Oct 31, 2026 | Nov 3, 2026 | $0.3084 | Est. |
| IEF Nov 30, 2026 | Dec 3, 2026 | $0.3084 | Est. |
| TLTW Oct 2, 2026 | Oct 16, 2026 | $0.172 | Est. |
| TLTW Nov 1, 2026 | Nov 15, 2026 | $0.172 | Est. |
| TLTW Dec 1, 2026 | Dec 15, 2026 | $0.172 | Est. |
Annual payouts per share
IEFTLTW
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, IEF or TLTW?
TLTW currently has the higher trailing yield: IEF yields 4.02% and TLTW yields 10.58%. Yield changes daily with price, so check the live figures above.
How often do IEF and TLTW pay?
IEF pays every month and TLTW pays every month. IEF's next ex-date is Oct 1, 2026 and TLTW's is Oct 2, 2026.
Which has grown its dividend faster, IEF or TLTW?
IEF has grown its payout faster: 13.0%/yr vs -26.5%/yr over the last 3 years.
Is IEF or TLTW better for income?
It depends on what you are optimising for. IEF and TLTW differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.