NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TLTI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TLTI
TLTI charges 0.58% annually. There are 49 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.32M | Nov 2024 | TLTI vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | TLTI vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | TLTI vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | TLTI vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.27B | Oct 2023 | TLTI vs GPIX |
Best Risk-Adjusted Alternatives to TLTI
TLTI has a PortfoliosLab risk / return rank of 20. There are 104 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 96 | 1.16B | Apr 2025 | TLTI vs CHPY | |
| SoFi Enhanced Yield ETF | 95 | 34.73M | Nov 2023 | TLTI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | TLTI vs GOOY | |
| YieldMax AMD Option Income Strategy ETF | 91 | 409.32M | Sep 2023 | TLTI vs AMDY | |
| Simplify Treasury Option Income ETF | 87 | 465.86M | Oct 2022 | TLTI vs BUCK |
Top Performing TLTI Alternatives (YTD)
TLTI is at 3.05% YTD. There are 131 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | TLTI vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | TLTI vs CWII | |
| Roundhill ARM WeeklyPay ETF | 287.65% | 17.52M | Oct 2025 | TLTI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 175.60% | 83.00M | Jul 2025 | TLTI vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 101.64% | 409.32M | Sep 2023 | TLTI vs AMDY |
Lowest Volatility Alternatives to TLTI
TLTI has 9.33% 1-year volatility. There are 31 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | TLTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | TLTI vs HYTI | |
| Main Buywrite ETF | 4.88% | 1.23B | Dec 2015 | TLTI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.11% | 292.66M | Feb 2025 | TLTI vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | TLTI vs XRMI |
Lowest Drawdown Alternatives to TLTI
TLTI has a 1-year max drawdown of -6.60%. There are 27 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 465.86M | Oct 2022 | TLTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | TLTI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | Dec 2015 | TLTI vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | TLTI vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | TLTI vs OMAH |
Other ETFs from NEOS Investments
The 1 most viewed NEOS Investments ETFs shown here include XSPI and span 2 categories. AUM among these funds goes as high as $63M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Boosted S&P 500 High Income ETF | Derivative Income, S&P 500 | — | — | 63.12M | Feb 2026 | TLTI vs XSPI |
Often Compared With TLTI
Investors most often compare TLTI with TLTW, TLT, CSHI. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare TLTI with Any Fund or Stock
Compare TLTI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TLTI with funds that move differently
NEOS Enhanced Income 20+ Year Treasury Bond ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TLTI.
Explore TLTI Diversifiers