A head-to-head comparison of GraniteShares YieldBOOST 20Y+ Treasuries ETF and iShares 20+ Year Treasury Bond ETF covering yield, cost, risk, and income potential.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.
See our curated list of related YouTube videos on FIYY.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.
See our curated list of related YouTube videos on TLT.
Seeks to provide weekly income by selling near-the-money put spreads on leveraged ETFs linked to the ICE U.S. Treasury 20+ Year Bond Index, with built-in risk control through the put spread collar structure.
Provide exposure to the fund's underlying index or strategy per issuer materials.
Asset class
Fixed Income
Fixed Income
Inception date
05/05/2026
07/22/2002
Beta
—
2.38
Last dividend
$0.0237
$0.3360
Ex-dividend date
05/08/2026
07/01/2026
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Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of June 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since May 2026” measures every fund from May 5, 2026 — the youngest fund's first trading day — so all funds share one comparison window.
Quick verdict
FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both dividend ETFs, but they take different approaches.
FIYY offers the higher yield at 5.02% vs 4.68% for TLT. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
TLT is cheaper with an expense ratio of 0.15% compared to 0.93%.
TLT has $40.7B in assets vs $16.1M for FIYY, but FIYY only launched May 2026 — AUM comparisons will become more meaningful as it builds a track record.
Deep dive
Yield & income
On a $10,000 investment, FIYY would generate roughly $41.83/month, while TLT would produce $39.00/month, at current distribution rates.
FIYY yield5.02%
TLT yield4.68%
Monthly diff on $10K$2.83
Cost & efficiency
Over 10 years on $10,000, FIYY would cost approximately $930 in fees vs $150 for TLT (simplified, not compounded). The $780.00 difference may be offset by yield or performance.
FIYY ER0.93%
TLT ER0.15%
Strategy & risk
FIYY tracks ICE U.S. Treasury 20+ Year Bond Index with a bonds approach, while TLT tracks ICE U.S. Treasury 20+ Year Bond Index with a treasury approach.
FIYY beta—
TLT beta2.38
Fund details
FIYY is managed by GraniteShares (launched 05/05/2026) with $16.1M in assets. TLT is managed by iShares (launched 07/22/2002) with $40.7B in assets.
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Frequently asked questions
Is FIYY or TLT better for dividend income?
It depends on your goals. FIYY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between FIYY and TLT?
FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) tracks ICE U.S. Treasury 20+ Year Bond Index with a bonds approach, while TLT (iShares 20+ Year Treasury Bond ETF) tracks ICE U.S. Treasury 20+ Year Bond Index with a treasury approach. They are issued by GraniteShares and iShares respectively.
Can I hold both FIYY and TLT?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, FIYY or TLT?
FIYY has an expense ratio of 0.93% while TLT charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in FIYY vs TLT generate?
At current rates, $10,000 in FIYY would generate roughly $41.83 per month ($502.00 annually). The same in TLT would produce about $39.00 per month ($468.00 annually).
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