iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW)
The fund tracks the investment results of an index that involves holding the iShares 20+ Year Treasury Bond ETF and selling covered call options to generate income.
ETF Info
46436E338
Jun 18, 2022
1x
CBOE TLT 2% OTM Buywrite Index (USD)
Distributing
Expense Ratio
TLTW has an expense ratio of 0.35%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) returned 2.17% year-to-date (YTD) and 3.45% over the past 12 months.
TLTW
2.17%
-0.31%
0.89%
3.45%
N/A
N/A
^GSPC (Benchmark)
1.30%
12.79%
1.49%
12.35%
15.37%
10.87%
Monthly Returns
The table below presents the monthly returns of TLTW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.85% | 3.71% | 0.50% | -0.65% | -2.16% | 2.17% | |||||||
| 2024 | -1.35% | -1.15% | 1.60% | -5.56% | 2.57% | 2.16% | 3.55% | 2.22% | 2.34% | -5.02% | 0.82% | -3.82% | -2.18% |
| 2023 | 8.17% | -4.22% | 5.21% | 1.02% | -0.95% | 1.36% | -1.46% | -3.84% | -5.89% | -5.08% | 5.90% | 1.67% | 0.76% |
| 2022 | -0.41% | -6.60% | -5.80% | 5.82% | -4.11% | -11.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TLTW is 29, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF provided a 16.20% dividend yield over the last twelve months, with an annual payout of $3.69 per share.
| Period | TTM | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Dividend | $3.69 | $3.40 | $5.38 | $2.83 |
Dividend yield | 16.20% | 14.47% | 19.59% | 8.71% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 20+ Year Treasury Bond BuyWrite Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.39 | $0.26 | $0.26 | $0.38 | $1.28 | |||||||
| 2024 | $0.00 | $0.21 | $0.30 | $0.24 | $0.25 | $0.25 | $0.28 | $0.22 | $0.28 | $0.21 | $0.25 | $0.92 | $3.40 |
| 2023 | $0.00 | $0.46 | $0.31 | $0.65 | $0.53 | $0.35 | $0.54 | $0.20 | $0.33 | $0.29 | $0.40 | $1.32 | $5.38 |
| 2022 | $0.56 | $0.64 | $0.62 | $1.00 | $2.83 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares 20+ Year Treasury Bond BuyWrite Strategy ETF was 18.60%, occurring on Oct 19, 2023. The portfolio has not yet recovered.
The current iShares 20+ Year Treasury Bond BuyWrite Strategy ETF drawdown is 11.26%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.6% | Aug 29, 2022 | 288 | Oct 19, 2023 | — | — | — |
| -0.98% | Aug 23, 2022 | 2 | Aug 24, 2022 | 1 | Aug 25, 2022 | 3 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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