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Compare TD U.S. Long Term Treasury Bond ETF (TULB) vs BMO Long-Term US Treasury Bond Index ETF (ZTL.F) to find the best fit for your portfolio. TULB and ZTL.F provide the same top sector exposures: Sovereign. When evaluating costs, TULB features a management fee (MER) of 0.23%, compared to 0.2% for ZTL.F. Performance-wise, TULB has returned 2.78% year-to-date with +$162 M in net flows, whereas ZTL.F is at 5.71% with -$82 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
TULB
ZTL.F
| AuM | $278.66 M | $130.14 M |
| Management Fees | 0.23% | 0.20% |
| Exp. ratio | 0.23% | 0.23% |
| Tracking Difference | - | -0.25% |
Historical performance and flows
As of September 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TULB | +0.70% | -5.02% | -2.78% | -4.30% | +4.05% |
ZTL.F | -0.35% | -5.43% | -5.71% | -7.85% | -6.42% | |
| Flows | TULB | +$18 M | +$58 M | +$162 M | +$190 M | +$170 M |
ZTL.F | -$11 M | -$21 M | -$82 M | -$84 M | -$135 M |
TULB vs ZTL.F exposure
Countries
TULB
USA
99.89%
ZTL.F
USA
100.00%
Sectors
TULB
Sovereign
99.89%
ZTL.F
Sovereign
100.00%
As of September 16, 2026
Top 10 Holdings
TULB
USA, Bonds 4.625% 15nov2055, USD
12.77%
USA, Bonds 4.75% 15feb2056, USD
12.38%
USA, Bonds 1.875% 15nov2051, USD
9.03%
USA, Bonds 4.75% 15may2055, USD
9.01%
USA, Bonds 2.25% 15aug2049, USD
8.83%
USA, Bonds 4% 15nov2052, USD
7.86%
USA, Bonds 4.75% 15nov2053, USD
7.34%
USA, Bonds 4.25% 15feb2054, USD
6.75%
USA, Bonds 5% 15may2056, USD
6.20%
USA, Bonds 4.5% 15nov2054, USD
5.34%
ZTL.F
USA, Bonds 4.75% 15feb2056, USD
4.14%
USA, Bonds 4.75% 15aug2055, USD
4.14%
USA, Bonds 4.75% 15may2055, USD
4.14%
USA, Bonds 4.625% 15nov2055, USD
4.06%
USA, Bonds 4.625% 15feb2055, USD
4.06%
USA, Bonds 4.625% 15may2054, USD
4.06%
USA, Bonds 4.5% 15nov2054, USD
3.97%
USA, Bonds 4.75% 15nov2053, USD
3.89%
USA, Bonds 4.25% 15aug2054, USD
3.81%
USA, Bonds 4.25% 15feb2054, USD
3.81%
Diversification
TULB
Total weight of top 10 holdings out of 18 total
85.51%
ZTL.F
Total weight of top 10 holdings out of 40 total
40.07%
Characteristics
Compare
TULB
ZTL.F
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg U.S. Treasury 20+ Year Index - CAD Hedged |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.78% | 3.52% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | February 5, 2020 |
Frequently asked questions about TULB and ZTL.F
Which ETF has performed better year to date: TULB or ZTL.F?
As of September 16, 2026, TULB has returned -2.78% year to date, while ZTL.F has returned -5.71%. TULB is ahead on YTD performance.
Which ETF is larger by assets under management: TULB or ZTL.F?
As of September 16, 2026, TULB manages $278.66 M in assets, while ZTL.F manages $130.14 M. TULB is the larger fund by AUM.
How are TULB and ZTL.F managed?
TULB is actively managed by TD Asset Management. It does not track an index. ZTL.F is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 20+ Year Index - CAD Hedged benchmark.
What sectors do TULB and ZTL.F emphasize?
TULB is most exposed to Sovereign. ZTL.F is most exposed to Sovereign.
Which ETF is attracting more investor flows: TULB or ZTL.F?
Year to date, TULB has seen +$161.53 M in net flows, compared with -$81.99 M for ZTL.F. TULB has attracted more net investor money so far.
How do the fees of TULB and ZTL.F compare?
TULB has an expense ratio of 0.23%, while ZTL.F has an expense ratio of 0.23%.
What are the top holdings of TULB and ZTL.F?
TULB's largest holdings include USA, Bonds 4.625% 15nov2055, USD, USA, Bonds 4.75% 15feb2056, USD, and USA, Bonds 1.875% 15nov2051, USD. ZTL.F's top holdings include USA, Bonds 4.75% 15feb2056, USD, USA, Bonds 4.75% 15aug2055, USD, and USA, Bonds 4.75% 15may2055, USD.
Which ETF is more diversified: TULB or ZTL.F?
TULB holds 18 securities, while ZTL.F holds 40. On holdings count, ZTL.F is the more diversified portfolio.
Recent articles about TULB and ZTL.F
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