iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) belongs to the Options Trading category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TLTW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TLTW
TLTW charges 0.35% annually. There is 1 ETF in the Options Trading category with a lower expense ratio, going as low as 0.29%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Hedged Equity ETF | 0.29% | 137.24M | Oct 2023 | TLTW vs PHEQ | |
| Amplify BlackSwan ISWN ETF | 0.49% | 36.93M | Jan 2021 | TLTW vs ISWN | |
| PGIM US Large-Cap Buffer 12 ETF - April | 0.50% | — | Mar 2024 | TLTW vs APRP | |
| PGIM US Large-Cap Buffer 20 ETF - March | 0.50% | — | Feb 2024 | TLTW vs PBMR | |
| PGIM US Large-Cap Buffer 20 ETF - January | 0.50% | — | Dec 2023 | TLTW vs PBJA |
Best Risk-Adjusted Alternatives to TLTW
TLTW has a PortfoliosLab risk / return rank of 36. There are 126 ETFs in the Options Trading category with higher risk-adjusted ranks, going as high as 99.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 15 Buffer ETF - April | 99 | — | Mar 2024 | TLTW vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - April | 98 | 32.67M | Mar 2023 | TLTW vs APRJ | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | 98 | 198.32M | May 2020 | TLTW vs APRW | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | 98 | — | Apr 2024 | TLTW vs XAPR | |
| PGIM US Large-Cap Buffer 12 ETF - April | 98 | — | Mar 2024 | TLTW vs APRP |
Top Performing TLTW Alternatives (YTD)
TLTW is at 1.21% YTD. There are 132 ETFs in the Options Trading category with higher YTD returns, going as high as 110.49%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 110.49% | 367.33M | Sep 2023 | TLTW vs AMDY | |
| Defiance Nasdaq 100 Enhanced Options Income ETF | 19.07% | 189.73M | Sep 2023 | TLTW vs QQQY | |
| LHA Market State Tactical Q ETF | 17.40% | 32.01M | Mar 2022 | TLTW vs MSTQ | |
| YieldMax NVDA Option Income Strategy ETF | 13.06% | 1.45B | May 2023 | TLTW vs NVDY | |
| Innovator Uncapped Accelerated U.S. Equity ETF | 12.67% | 49.68M | Aug 2022 | TLTW vs XUSP |
Lowest Volatility Alternatives to TLTW
TLTW has 7.70% 1-year volatility. There are 104 ETFs in the Options Trading category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 40 Barrier ETF - April | 0.00% | 19.28M | Mar 2023 | TLTW vs APRQ | |
| Innovator Premium Income 10 Barrier ETF - April | 0.00% | 9.42M | Mar 2023 | TLTW vs APRD | |
| Innovator Premium Income 40 Barrier ETF - October | 0.00% | 7.17M | Sep 2023 | TLTW vs OCTQ | |
| Innovator Premium Income 9 Buffer ETF - October | 0.00% | 5.96M | Sep 2023 | TLTW vs HOCT | |
| Innovator U.S. Equity Accelerated ETF - October | 0.00% | 3.39M | Sep 2021 | TLTW vs XDOC |
Lowest Drawdown Alternatives to TLTW
TLTW has a 1-year max drawdown of -5.97%. There are 97 ETFs in the Options Trading category with shallower 1-year drawdowns, going as shallow as -0.20%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator Premium Income 30 Barrier ETF - April | -0.20% | 32.67M | Mar 2023 | TLTW vs APRJ | |
| Innovator Premium Income 15 Buffer ETF - April | -0.24% | — | Mar 2024 | TLTW vs LAPR | |
| Innovator Premium Income 30 Barrier ETF - July | -0.61% | 15.66M | Jun 2023 | TLTW vs JULJ | |
| FT Cboe Vest U.S. Equity Enhance & Moderate Buffer... | -0.66% | — | Apr 2024 | TLTW vs XAPR | |
| AllianzIM U.S. Large Cap Buffer20 Apr ETF | -0.75% | 198.32M | May 2020 | TLTW vs APRW |
Other ETFs from iShares
The 10 most viewed iShares ETFs shown here include SGOV, IBIT, IVV and span 14 categories. AUM among these funds goes as high as $855B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 100 | 1.51% | 91.90B | May 2020 | TLTW vs SGOV | |
| iShares Bitcoin Trust ETF | Cryptocurrency | 2 | -25.48% | 58.12B | Jan 2024 | TLTW vs IBIT | |
| iShares Core S&P 500 ETF | S&P 500 | 70 | 10.85% | 854.92B | May 2000 | TLTW vs IVV | |
| iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16 | -0.27% | 42.90B | Jul 2002 | TLTW vs TLT | |
| iShares Semiconductor ETF | Semiconductors, Technology Equities | 97 | 104.57% | 38.37B | Jul 2001 | TLTW vs SOXX | |
| iShares Core Dividend Growth ETF | Large Cap Growth Equities, Dividend | 71 | 8.76% | 40.46B | Jun 2014 | TLTW vs DGRO | |
| iShares Silver Trust | Silver, Precious Metals | 47 | 2.78% | 36.82B | Apr 2006 | TLTW vs SLV | |
| iShares Gold Trust | Gold, Precious Metals | 32 | 2.98% | 69.92B | Jan 2005 | TLTW vs IAU | |
| iShares Russell 2000 ETF | Small Cap Blend Equities | 62 | 17.07% | 80.93B | May 2000 | TLTW vs IWM | |
| iShares MSCI ACWI ETF | Global Equities | 66 | 12.13% | 32.93B | Mar 2008 | TLTW vs ACWI |
Often Compared With TLTW
Investors most often compare TLTW with QQQ, JEPI, SPY. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare TLTW with Any Fund or Stock
Compare TLTW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TLTW with funds that move differently
iShares 20+ Year Treasury Bond BuyWrite Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TLTW.
Explore TLTW Diversifiers