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iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW)
USD21.69
-0.13 (-0.60%)
CBOE USD US Fixed Income
NAV
USD 21.82
-0.60% vs NAV
as of 2026-07-13
AUM
USD 1.87B
TER
0.35%
Yield (TTM)
11.11%
Distribution
Distributing · Monthly
52-week range
21.60 – 24.06
Holdings
49
Issuer
IShares
About this ETF
The iShares 20+ Year Treasury Bond BuyWrite Strategy ETF aims to replicate the performance of an index that implements a dual investment strategy. This strategy involves holding positions in the iShares 20+ Year Treasury Bond ETF while simultaneously generating income through the routine sale of one-month covered call options on those underlying assets.
ISIN
US46436E3383
Issuer
IShares
Domicile
US
Inception
2022-08-18
Asset class
Fixed Income
Price
Top 10 holdings
| TREASURY BOND 4.13% 08/15/2053 | 4.68% |
| TREASURY BOND 4.75% 11/15/2053 | 4.54% |
| TREASURY BOND 4.75% 05/15/2055 | 4.51% |
| TREASURY BOND 4.63% 05/15/2054 | 4.44% |
| TREASURY BOND 4.25% 02/15/2054 | 4.12% |
| TREASURY BOND (OLD) 4.75% 02/15/2056 | 4.04% |
| TREASURY BOND 4.25% 08/15/2054 | 4.03% |
| TREASURY BOND 3.63% 05/15/2053 | 3.90% |
| TREASURY BOND 4.63% 02/15/2055 | 3.89% |
| TREASURY BOND 2.00% 08/15/2051 | 3.81% |
Sector mix
Price chart
USD21.69
-0.13 (-0.60%)
Loading historical data…
Returns
| 1 month | -1.36% |
| 3 months | -3.51% |
| 6 months | -4.53% |
| Year to date | -4.32% |
| 1 year | -5.04% |
| 3 years (ann.) | -12.34% |
| 5 years (ann.) | — |
| 10 years (ann.) | — |
Risk profile
| Volatility (1y, ann.) | 8.10% |
| Sharpe (1y) | -0.60 |
| Sharpe (3y) | -1.13 |
| Sortino (1y) | -0.88 |
| Max drawdown (1y) | -10.22% |
| Max drawdown (5y) | — |
| Max drawdown (full) | -45.81% |
| Beta vs S&P 500 (1y) | 0.16 |
| Correlation vs S&P 500 (1y) | 0.24 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
25
P(gain) 22 sessions — probability
32%
VaR 95% (daily)
-1.54%
CVaR 95% (daily)
-1.94%
GARCH vol forecast (22d)
0.59%
Market regime (Markov)
Bear
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
42.0%
Effective holdings
31
Disclosed positions
49
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
TLTW
0.35%
Fixed Income median
0.20%
Cheapest in class BKAG
0.00%
Comparison universe: 1,710 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-07-02 | 2026-07-08 | USD 0.1347 |
| 2026-06-02 | 2026-06-05 | USD 0.2172 |
| 2026-05-04 | 2026-05-07 | USD 0.1214 |
| 2026-04-02 | 2026-04-08 | USD 0.2115 |
| 2026-03-03 | 2026-03-06 | USD 0.2040 |
| 2026-02-03 | 2026-02-06 | USD 0.1742 |
| 2025-12-23 | 2025-12-29 | USD 0.1869 |
| 2025-12-02 | 2025-12-05 | USD 0.1876 |
| 2025-11-04 | 2025-11-07 | USD 0.3783 |
| 2025-10-02 | 2025-10-07 | USD 0.1445 |
| 2025-09-03 | 2025-09-08 | USD 0.2183 |
| 2025-08-04 | 2025-08-07 | USD 0.2311 |
| 2025-07-02 | 2025-07-08 | USD 0.3137 |
| 2025-06-03 | 2025-06-06 | USD 0.4186 |
| 2025-05-02 | 2025-05-07 | USD 0.3750 |
| 2025-04-02 | 2025-04-07 | USD 0.2579 |
| 2025-03-04 | 2025-03-07 | USD 0.2588 |
| 2025-02-04 | 2025-02-07 | USD 0.3883 |
| 2024-12-20 | 2024-12-26 | USD 0.5930 |
| 2024-12-03 | 2024-12-06 | USD 0.3314 |
| 2024-11-04 | 2024-11-07 | USD 0.2524 |
| 2024-10-02 | 2024-10-07 | USD 0.2076 |
| 2024-09-04 | 2024-09-09 | USD 0.2802 |
| 2024-08-02 | 2024-08-07 | USD 0.2201 |
| 2024-07-02 | 2024-07-08 | USD 0.2770 |
| 2024-06-04 | 2024-06-10 | USD 0.2469 |
| 2024-05-02 | 2024-05-08 | USD 0.2467 |
| 2024-04-02 | 2024-04-08 | USD 0.2350 |
| 2024-03-04 | 2024-03-08 | USD 0.3019 |
| 2024-02-02 | 2024-02-08 | USD 0.2123 |
| 2023-12-22 | 2023-12-29 | USD 0.7460 |
| 2023-12-04 | 2023-12-08 | USD 0.5769 |
| 2023-11-02 | 2023-11-08 | USD 0.4005 |
| 2023-10-03 | 2023-10-10 | USD 0.2882 |
| 2023-09-05 | 2023-09-11 | USD 0.3325 |
| 2023-08-02 | 2023-08-08 | USD 0.1967 |
| 2023-07-05 | 2023-07-11 | USD 0.5379 |
| 2023-06-02 | 2023-06-08 | USD 0.3506 |
| 2023-05-02 | 2023-05-08 | USD 0.5310 |
| 2023-04-04 | 2023-04-10 | USD 0.6476 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 4.01% | -0.82% | -0.19 |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 4.03% | -0.76% | -0.17 |
| Vanguard Total International Bond ETF BNDX | 0.07% | 122.00B | 4.52% | -2.72% | -0.64 |
| iShares 0-3 Month Treasury Bond ETF SGOV | 0.09% | 97.69B | 3.80% | +0.05% | 0.05 |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 4.16% | -0.54% | -0.18 |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 4.02% | -1.02% | -0.48 |
| Vanguard Intermediate-Term Corporate Bond ETF VCIT | 0.03% | 68.70B | 4.86% | -1.04% | -0.22 |
| Vanguard Intermediate-Term Bond ETF BIV | 0.03% | 52.20B | 4.27% | -1.28% | -0.28 |
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 4.47% | -0.85% | -0.36 |
| Vanguard Intermediate-Term Treasury ETF VGIT | 0.03% | 49.50B | 3.89% | -1.50% | -0.41 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF VCSH | 0.03% | 50.50B | 0.0% |
| Vanguard Total Bond Market ETF BND | 0.03% | 394.40B | 0.0% |
| iShares Core U.S. Aggregate Bond ETF AGG | 0.03% | 138.36B | 0.0% |
| Vanguard Short-Term Inflation-Protected Securities ETF VTIP | 0.03% | 70.50B | 0.0% |
| Vanguard Short-Term Bond ETF BSV | 0.03% | 70.40B | 0.0% |
