(TLTW) Trust - 20+ Year Treasury - Overview
Etf: Treasury Bonds, Covered Calls, Long-Dated, Yield
Dividends
| Dividend Yield | 14.53% |
| Yield on Cost 5y | 14.46% |
| Yield CAGR 5y | 5.95% |
| Payout Consistency | 90.8% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 9.50% |
| Relative Tail Risk | 6.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.73 |
| Alpha | 5.56 |
| Character TTM | |
|---|---|
| Beta | 0.074 |
| Beta Downside | 0.043 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.17% |
| CAGR/Max DD | 0.03 |
Description: TLTW Trust - 20+ Year Treasury January 19, 2026
The iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) employs a covered-call approach: it writes call options on its own holdings of the long-duration Treasury ETF, never exceeding the number of shares it owns, thereby generating option premium income while retaining exposure to the underlying bond portfolio.
Key quantitative drivers to watch include: (1) the fund’s weighted average maturity, currently around 22 years, which amplifies sensitivity to changes in long-term yields; (2) the option-writing premium yield, typically 3-4 % annualized in a low-volatility environment; and (3) the implied volatility of the 20-year Treasury futures market, a leading barometer of investor risk appetite that directly affects premium income.
For a deeper dive into how TLTW’s risk-adjusted return profile compares to alternative income-focused ETFs, explore the analytics on ValueRay.
What is the price of TLTW shares?
Over the past week, the price has changed by -0.83%, over one month by -0.46%, over three months by -1.57% and over the past year by +10.34%.
Is TLTW a buy, sell or hold?
What are the forecasts/targets for the TLTW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 26.7 | 17.5% |
TLTW Fundamental Data Overview January 29, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 1.70b USD (1.70b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.70b)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 1.70b / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 6.19% (E(1.70b)/V(1.70b) * Re(6.19%) + (debt-free company))
Discount Rate = 6.19% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)