TLTW vs VGLT
iShares 20+ Year Treasury Bond Buywrite Strategy ETF compared with Vanguard Long-Term Treasury Index Fund ETF Shares on yield, payout growth, payment schedule, cost and risk.
TLTW
iShares 20+ Year Treasury Bond Buywrite Strategy ETF
TTM yield · Monthly
VGLT
Vanguard Long-Term Treasury Index Fund ETF Shares
TTM yield · Monthly
Quick take
- TLTW yields more today: 9.74% vs 4.79% (forward).
- VGLT has grown its payout faster: 9.3%/yr vs -26.5%/yr over the last 3 years.
- Both pay every month.
- VGLT has the longer streak of annual increases: 5 years vs 0.
- Over the last year TLTW delivered the higher total return: +2.8% vs -0.2% (price change plus payouts).
- VGLT is cheaper to own: 0.03% vs 0.35% expense ratio.
- VGLT 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 | TLTW | VGLT |
|---|---|---|
| Share price | $21.20 | $52.76 |
| TTM yield | 10.58% | 4.79% |
| Forward yield | 9.74% | 4.79% |
| Annual payout per share | $2.064 | $2.528 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 2, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.35% | 0.03% |
| 1-year payout growth | -41.7% | +2.0% |
| 5-year payout CAGR | — | +11.2% |
| Consecutive years of increases | 0 years | 5 years |
| Payout consistency (last 12) | 65/100 | 96/100 |
| 1-year total return | +2.8% | -0.2% |
| 1-year price return | -7.1% | -4.7% |
| Size (market cap / AUM) | 1.8B | 15.1B |
| Years paying | 4.0 | 16.6 |
| 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
| TLTW | VGLT | |
|---|---|---|
| Shares | 471.7 | 189.5 |
| Income per year | $974 | $479 |
| Income per month (avg) | $81 | $40 |
At forward yields, before taxes. Model TLTW · Model VGLT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| 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. |
| VGLT Oct 1, 2026 | Oct 3, 2026 | $0.2107 | Est. |
| VGLT Oct 31, 2026 | Nov 2, 2026 | $0.2107 | Est. |
| VGLT Nov 30, 2026 | Dec 2, 2026 | $0.2107 | Est. |
Annual payouts per share
TLTWVGLT
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, TLTW or VGLT?
TLTW currently has the higher trailing yield: TLTW yields 10.58% and VGLT yields 4.79%. Yield changes daily with price, so check the live figures above.
How often do TLTW and VGLT pay?
TLTW pays every month and VGLT pays every month. TLTW's next ex-date is Oct 2, 2026 and VGLT's is Oct 1, 2026.
Which has grown its dividend faster, TLTW or VGLT?
VGLT has grown its payout faster: 9.3%/yr vs -26.5%/yr over the last 3 years.
Is TLTW or VGLT better for income?
It depends on what you are optimising for. TLTW and VGLT 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.