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TLT vs TAXF

iShares 20+ Year Treasury Bond ETF vs American Century Diversified Municipal Bond ETF

TLT

iShares 20+ Year Treasury Bond ETF

iShares

Annual cost

0.15%

Fund size

$42.9B

TAXF

American Century Diversified Municipal Bond ETF

American Century Investments

Annual cost

0.27%

Fund size

$627M

Key differences

  • TLT costs 0.12% less per year.
  • TLT is significantly larger than TAXF — larger funds tend to be more liquid and less likely to close.
  • TLT follows a index tracking strategy; TAXF uses active selection.
  • Over the last 3 years, TAXF has delivered higher annualized returns.
  • TLT has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TLTTAXF
Annual cost (TER)0.15%0.27%
Fund size (AUM)$42.9B$627M
Since20022018
Dividend yield4.57%3.82%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+5.5%+7.8%
CAGR 3Y-1.6%+4.2%
CAGR 5Y-5.8%+1.1%
Sharpe 3Y-0.300.15
Volatility 1Y9.95%3.13%
Max drawdown-48.35%-13.94%

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

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