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MDIV vs TLT

Multi-Asset Diversified Income Index Fund vs iShares 20+ Year Treasury Bond ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

TLT

iShares 20+ Year Treasury Bond ETF

iShares

Annual cost

0.15%

Fund size

$42.9B

Key differences

  • TLT costs 0.56% less per year.
  • TLT is significantly larger than MDIV — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while TLT is fixed income — different risk/return profiles.
  • Over the last 3 years, MDIV has delivered higher annualized returns.
  • TLT has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MDIVTLT
Annual cost (TER)0.71%0.15%
Fund size (AUM)$417M$42.9B
Since20122002
Dividend yield6.13%4.57%
Asset classmixed assetfixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+13.4%+5.4%
CAGR 3Y+12.3%-2.3%
CAGR 5Y+6.4%-6.1%
Sharpe 3Y0.94-0.35
Volatility 1Y6.70%9.95%
Max drawdown-48.50%-48.35%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

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