SPTL vs TLT
State Street SPDR Portfolio Long Term Treasury ETF compared with iShares 20+ Year Treasury Bond ETF on yield, payout growth, payment schedule, cost and risk.
SPTL
State Street SPDR Portfolio Long Term Treasury ETF
TTM yield · Monthly
TLT
iShares 20+ Year Treasury Bond ETF
TTM yield · Monthly
Quick take
- TLT yields more today: 4.73% vs 4.36% (forward).
- TLT has grown its payout faster: 12.5%/yr vs 9.4%/yr over the last 5 years.
- Both pay every month.
- SPTL has the longer streak of annual increases: 5 years vs 0.
- Over the last year SPTL delivered the higher total return: -0.1% vs -0.6% (price change plus payouts).
- SPTL 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 | SPTL | TLT |
|---|---|---|
| Share price | $25.11 | $82.20 |
| TTM yield | 4.36% | 4.73% |
| Forward yield | 4.36% | 4.73% |
| Annual payout per share | $1.096 | $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 | +1.4% | +0.6% |
| 5-year payout CAGR | +9.4% | +12.5% |
| Consecutive years of increases | 5 years | 0 years |
| Payout consistency (last 12) | 97/100 | 96/100 |
| 1-year total return | -0.1% | -0.6% |
| 1-year price return | -4.2% | -5.1% |
| Size (market cap / AUM) | 11.1B | 47.0B |
| Years paying | 19.2 | 24.0 |
| Sector / category | Long Government | 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
| SPTL | TLT | |
|---|---|---|
| Shares | 398.2 | 121.7 |
| Income per year | $436 | $473 |
| Income per month (avg) | $36 | $39 |
At forward yields, before taxes. Model SPTL · Model TLT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| SPTL Oct 1, 2026 | Oct 15, 2026 | $0.0913 | Est. |
| SPTL Oct 31, 2026 | Nov 14, 2026 | $0.0913 | Est. |
| SPTL Nov 30, 2026 | Dec 14, 2026 | $0.0913 | 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
SPTLTLT
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, SPTL or TLT?
TLT currently has the higher trailing yield: SPTL yields 4.36% and TLT yields 4.73%. Yield changes daily with price, so check the live figures above.
How often do SPTL and TLT pay?
SPTL pays every month and TLT pays every month. SPTL's next ex-date is Oct 1, 2026 and TLT's is Oct 1, 2026.
Which has grown its dividend faster, SPTL or TLT?
TLT has grown its payout faster: 12.5%/yr vs 9.4%/yr over the last 5 years.
Is SPTL or TLT better for income?
It depends on what you are optimising for. SPTL 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.