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Compare TD U.S. Long Term Treasury Bond ETF (TULB) vs BMO Short-Term US Treasury Bond Index ETF (ZTS) to find the best fit for your portfolio. TULB and ZTS provide the same top sector exposures: Sovereign. When evaluating costs, TULB features a management fee (MER) of 0.23%, compared to 0.2% for ZTS. Performance-wise, TULB has returned 3.54% year-to-date with +$160 M in net flows, whereas ZTS is at 1.11% with -$2 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
ZTS
| AuM | $275.45 M | $110.92 M |
| Management Fees | 0.23% | 0.20% |
| Exp. ratio | 0.23% | 0.23% |
| Tracking Difference | - | - |
Historical performance and flows
As of September 15, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | TULB | -0.09% | -5.11% | -3.54% | -5.02% | +3.21% |
ZTS | -0.56% | -1.10% | +1.11% | +1.74% | +15.09% | |
| Flows | TULB | +$17 M | +$58 M | +$160 M | +$189 M | +$170 M |
ZTS | +$11 M | +$18 M | -$2 M | +$58 M | +$85 M |
TULB vs ZTS exposure
Countries
TULB
USA
99.89%
ZTS
USA
100.00%
Sectors
TULB
Sovereign
99.89%
ZTS
Sovereign
100.00%
As of September 15, 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%
ZTS
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.42%
USA, Notes 4% 28feb2030, USD (H-2030)
1.24%
USA, Notes 1.625% 15may2031, USD (C-2031)
1.11%
USA, Notes 1.125% 15feb2031, USD (B-2031)
1.09%
USA, Notes 0.875% 15nov2030, USD (F-2030)
1.08%
USA, Notes 0.625% 15aug2030, USD (E-2030)
1.08%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
0.90%
USA, Notes 4.5% 31may2029, USD (Z-2029)
0.90%
USA, Notes 4.375% 31dec2029, USD (AH-2029)
0.90%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
0.89%
Diversification
TULB
Total weight of top 10 holdings out of 18 total
85.51%
ZTS
Total weight of top 10 holdings out of 147 total
10.61%
Characteristics
Compare
TULB
ZTS
| Provider | TD Asset Management | BMO |
| Management | Actively managed | Passively managed |
| Benchmark | - | Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD |
| Replication Method | Direct (Physical) | |
| Asset Class | Fixed Income | Fixed Income |
| Dividend Policy | Distributing | Distributing |
| Trailing 12m distribution yield | 4.82% | 2.98% |
| Meets ESG criteria | No | No |
| Inception Date | November 26, 2019 | February 28, 2017 |
Frequently asked questions about TULB and ZTS
Which ETF has performed better year to date: TULB or ZTS?
As of September 15, 2026, TULB has returned -3.54% year to date, while ZTS has returned 1.11%. ZTS is ahead on YTD performance.
Which ETF is larger by assets under management: TULB or ZTS?
As of September 15, 2026, TULB manages $275.45 M in assets, while ZTS manages $110.92 M. TULB is the larger fund by AUM.
How are TULB and ZTS managed?
TULB is actively managed by TD Asset Management. It does not track an index. ZTS is passively managed by BMO. It tracks the Bloomberg U.S. Treasury 1-5 Year Total Return Index - USD benchmark.
What sectors do TULB and ZTS emphasize?
TULB is most exposed to Sovereign. ZTS is most exposed to Sovereign.
Which ETF is attracting more investor flows: TULB or ZTS?
Year to date, TULB has seen +$160.49 M in net flows, compared with -$2.44 M for ZTS. TULB has attracted more net investor money so far.
How do the fees of TULB and ZTS compare?
TULB has an expense ratio of 0.23%, while ZTS has an expense ratio of 0.23%.
What are the top holdings of TULB and ZTS?
TULB's largest holdings include USA, Bonds 4.625% 15nov2055, USD, USA, Bonds 4.75% 15feb2056, USD, and USA, Bonds 1.875% 15nov2051, USD. ZTS's top holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4% 28feb2030, USD (H-2030), and USA, Notes 1.625% 15may2031, USD (C-2031).
Which ETF is more diversified: TULB or ZTS?
TULB holds 18 securities, while ZTS holds 147. On holdings count, ZTS is the more diversified portfolio.
Recent articles about TULB and ZTS
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