Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term

TFJL Top Performer Intra-day
Price $23.44
Today’s Change -0.09%
4:00pm 05/07/2021
GOVZ Bottom Performer Intra-day
Price $19.85
Today’s Change -0.92%
4:00pm 05/07/2021

ETF.com Insight

With 10 ETFs and over $20.49B in combined AUM, the Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term segment provides exposure to the U.S. space with a focus on Investment Grade securities.

Year-to-date, the best-performing ETF in the segment is the Innovator 20+ Year Treasury Bond 5 Floor ETF - Quarterly (TFJL), with a total return of -4.29%. Meanwhile, the most popular ETF is the iShares 20+ Year Treasury Bond ETF (TLT) with $12.27BB in assets under management.

Investors should take a look at the iShares 20+ Year Treasury Bond ETF (TLT). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. TLT tracks a market-weighted index of debt issued by the US Treasury with remaining maturities of 20 years or more. TLT has an expense ratio of 0.15% and tracks the ICE U.S. Treasury 20+ Year Bond Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term segment is 78 out of 100, with the Schwab Long-Term U.S. Treasury ETF(SCHQ) obtaining the highest rating of 100 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.23% per year, with the Vanguard Long-Term Treasury Index ETF (VGLT) having the lowest expense ratio, charging investors 0.05% yearly.

Investors should look for funds with tight tracking, such as the iShares 10-20 Year Treasury Bond ETF (TLH), with a 12-month median tracking difference of 0.01%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Government, Treasury Investment Grade Long-Term segment is 80 out of 100, with the iShares 20+ Year Treasury Bond ETF(TLT) obtaining the highest rating of 100 out of 100.

The iShares 20+ Year Treasury Bond ETF (TLT) is the undisputed segment leader when it comes to liquidity. The fund trades 1.91B in daily average volume. Investors should also find ample liquidity in the SPDR Portfolio Long Term Treasury ETF (SPTL), with $79.38M in daily dollar volume.

Use limit orders to trade funds such as the PIMCO 25+ Year Zero Coupon US Treasury Index ETF(ZROZ), due to their double-digit market spreads.

ETF.com/ Block Liquidity

SPTL
5
4
3
2
1
TLT
5
4
3
2
1
VGLT
5
4
3
2
1
SCHQ
5
4
3
2
1
TLH
5
4
3
2
1
EDV
5
4
3
2
1
ZROZ
5
4
3
2
1
GOVZ
5
4
3
2
1
TFJL
5
4
3
2
1
TBJL
5
4
3
2
1
This measurement shows how easy it is to trade 25,000 shares of each ETF.

ETF.com Fit Insight

The Bloomberg Barclays Long U.S. Treasury Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.

Investors trying to match a broad market exposure should pay attention to . This fund obtains a high Fit score and investors should capture market-like returns.

Other funds diverge from the market, by nature of their investment mandates; for example, follows a strategy and obtains a low Fit score compared with our neutral benchmark.

Index Methodology