TLT vs UTWY
iShares 20+ Year Treasury Bond ETF compared with F/m US Treasury 20 Year Bond ETF on yield, payout growth, payment schedule, cost and risk.
TLT
iShares 20+ Year Treasury Bond ETF
TTM yield · Monthly
UTWY
F/m US Treasury 20 Year Bond ETF
TTM yield · Monthly
Quick take
- UTWY yields more today: 4.89% vs 4.78% (forward).
- Both pay every month.
- Over the last year UTWY delivered the higher total return: -3.4% vs -4.6% (price change plus payouts).
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | TLT | UTWY |
|---|---|---|
| Share price | $81.34 | $40.73 |
| TTM yield | 4.78% | 4.89% |
| Forward yield | 4.78% | 4.89% |
| Annual payout per share | $3.892 | $1.992 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 31, 2026 (est.) | Oct 28, 2026 (est.) |
| Expense ratio | 0.15% | 0.15% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 96/100 | 97/100 |
| 1-year total return | -4.6% | -3.4% |
| 1-year price return | -9.0% | -7.9% |
| Size (market cap / AUM) | 46.2B | 8.2M |
| Years paying | 24.1 | 3.5 |
| 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
| TLT | UTWY | |
|---|---|---|
| Shares | 122.9 | 245.5 |
| Income per year | $478 | $489 |
| Income per month (avg) | $40 | $41 |
At forward yields, before taxes. Model TLT · Model UTWY
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| TLT Oct 31, 2026 | Nov 3, 2026 | $0.3243 | Est. |
| TLT Nov 30, 2026 | Dec 3, 2026 | $0.3243 | Est. |
| TLT Dec 30, 2026 | Jan 2, 2027 | $0.3243 | Est. |
| UTWY Oct 28, 2026 | Oct 29, 2026 | $0.166 | Est. |
| UTWY Nov 27, 2026 | Nov 28, 2026 | $0.166 | Est. |
| UTWY Dec 27, 2026 | Dec 28, 2026 | $0.166 | Est. |
Annual payouts per share
TLTUTWY
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, TLT or UTWY?
UTWY currently has the higher trailing yield: TLT yields 4.78% and UTWY yields 4.89%. Yield changes daily with price, so check the live figures above.
How often do TLT and UTWY pay?
TLT pays every month and UTWY pays every month. TLT's next ex-date is Oct 31, 2026 and UTWY's is Oct 28, 2026.
Is TLT or UTWY better for income?
It depends on what you are optimising for. TLT and UTWY 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.