(TLTW) iShares Trust - iShares 20+ - Ratings and Ratios
Treasury Bonds, Covered Calls
Dividends
| Dividend Yield | 16.28% |
| Yield on Cost 5y | 16.08% |
| Yield CAGR 5y | 9.79% |
| Payout Consistency | 90.0% |
| Payout Ratio | - |
| Risk via 10d forecast | |
|---|---|
| Volatility | 10.2% |
| Value at Risk 5%th | 17.9% |
| Relative Tail Risk | 7.13% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.49 |
| Alpha | 3.70 |
| CAGR/Max DD | 0.09 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.410 |
| Beta | 0.079 |
| Beta Downside | 0.044 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.17% |
| Mean DD | 7.30% |
| Median DD | 7.76% |
Description: TLTW iShares Trust - iShares 20+ November 16, 2025
The iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is a U.S.-based derivative-income ETF that writes covered call options against the shares of its underlying long-duration Treasury fund, ensuring each short call is fully collateralized by an equivalent long position.
Key metrics (as of the latest public data) include an expense ratio of 0.45 %, assets under management of roughly $250 million, and an average effective duration of about 22 years, reflecting its exposure to the longest-maturity Treasury securities. The fund’s option-writing component typically generates an annualized premium yield of 2–3 % in a low-volatility environment, while the underlying Treasury exposure provides a base yield of roughly 4 % given the current 20-year Treasury rate. Primary drivers of performance are the Federal Reserve’s policy stance (which influences long-term rates) and the VIX-linked implied volatility that determines option premium levels.
For a deeper dive into how TLTW’s covered-call premium interacts with shifting yield curves and volatility regimes, you might explore the analytics on ValueRay to see scenario-based return projections.
What is the price of TLTW shares?
Over the past week, the price has changed by -0.82%, over one month by -0.23%, over three months by +6.24% and over the past year by +8.13%.
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 | 27.6 | 19.2% |
TLTW Fundamental Data Overview December 02, 2025
Beta = 0.54
Revenue TTM = 0.0 USD
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 = 1.66b USD (1.66b + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.66b)
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 1.66b / 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 = 6.31% (E(1.66b)/V(1.66b) * Re(6.31%) + (debt-free company))
Discount Rate = 6.31% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for TLTW ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle