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THRO vs TLT

iShares U.S. Thematic Rotation Active ETF vs iShares 20+ Year Treasury Bond ETF

THRO

iShares U.S. Thematic Rotation Active ETF

BlackRock

Annual cost

0.57%

Fund size

$8.3B

TLT

iShares 20+ Year Treasury Bond ETF

iShares

Annual cost

0.15%

Fund size

$42.9B

Key differences

  • TLT costs 0.42% less per year.
  • TLT is significantly larger than THRO — larger funds tend to be more liquid and less likely to close.
  • THRO is classified as equity, while TLT is fixed income — different risk/return profiles.
  • THRO follows a active selection strategy; TLT uses index tracking.
  • Over the last 3 years, THRO has delivered higher annualized returns.
  • TLT has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

THROTLT
Annual cost (TER)0.57%0.15%
Fund size (AUM)$8.3B$42.9B
Since20212002
Dividend yield0.17%4.57%
Asset classequityfixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1Y+28.9%+5.5%
CAGR 3Y+24.9%-1.6%
CAGR 5YN/A-5.8%
Sharpe 3Y1.26-0.30
Volatility 1Y13.11%9.95%
Max drawdown-26.55%-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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