BND vs TLT
Vanguard Total Bond Market Index Fund ETF Shares compared with iShares 20+ Year Treasury Bond ETF on yield, payout growth, payment schedule, cost and risk.
BND
Vanguard Total Bond Market Index Fund ETF Shares
TTM yield · Monthly
TLT
iShares 20+ Year Treasury Bond ETF
TTM yield · Monthly
Quick take
- TLT yields more today: 4.73% vs 4.07% (forward).
- TLT has grown its payout faster: 12.5%/yr vs 9.5%/yr over the last 5 years.
- Both pay every month.
- Over the last year BND delivered the higher total return: +1.4% vs -0.6% (price change plus payouts).
- BND is cheaper to own: 0.03% vs 0.15% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | BND | TLT |
|---|---|---|
| Share price | $71.89 | $82.20 |
| TTM yield | 4.07% | 4.73% |
| Forward yield | 4.07% | 4.73% |
| Annual payout per share | $2.928 | $3.89 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 1, 2026 (est.) | Oct 1, 2026 (est.) |
| Expense ratio | 0.03% | 0.15% |
| 1-year payout growth | +4.8% | +0.6% |
| 5-year payout CAGR | +9.5% | +12.5% |
| Consecutive years of increases | 3 years | 0 years |
| Payout consistency (last 12) | 97/100 | 96/100 |
| 1-year total return | +1.4% | -0.6% |
| 1-year price return | -2.6% | -5.1% |
| Size (market cap / AUM) | 399.1B | 47.0B |
| Years paying | 19.4 | 24.0 |
| Sector / category | Intermediate Core Bond | Long Government |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| BND | TLT | |
|---|---|---|
| Shares | 139.1 | 121.7 |
| Income per year | $407 | $473 |
| Income per month (avg) | $34 | $39 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| BND Oct 1, 2026 | Oct 3, 2026 | $0.244 | Est. |
| BND Oct 31, 2026 | Nov 2, 2026 | $0.244 | Est. |
| BND Nov 30, 2026 | Dec 2, 2026 | $0.244 | Est. |
| TLT Oct 1, 2026 | Oct 4, 2026 | $0.3242 | Est. |
| TLT Oct 31, 2026 | Nov 3, 2026 | $0.3242 | Est. |
| TLT Nov 30, 2026 | Dec 3, 2026 | $0.3242 | Est. |
Annual payouts per share
BNDTLT
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, BND or TLT?
TLT currently has the higher trailing yield: BND yields 4.07% and TLT yields 4.73%. Yield changes daily with price, so check the live figures above.
How often do BND and TLT pay?
BND pays every month and TLT pays every month. BND's next ex-date is Oct 1, 2026 and TLT's is Oct 1, 2026.
Which has grown its dividend faster, BND or TLT?
TLT has grown its payout faster: 12.5%/yr vs 9.5%/yr over the last 5 years.
Is BND or TLT better for income?
It depends on what you are optimising for. BND and TLT differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.