VGLT vs. TLT: Which Treasury Bond ETF Is the Better Buy?

The Vanguard Long-Term Treasury ETF (VGLT) emerges as the more attractive option compared to the iShares 20+ Year Treasury Bond ETF (TLT) for long-term investors, primarily due to its significantly lower expense ratio of 0.03% versus TLT's 0.15%. While both funds offer similar dividend yields around 4.6%, VGLT has delivered better performance with higher 12-month returns and lower volatility, making it the more cost-efficient choice for buy-and-hold investors.