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 47 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% | 27.28M | Nov 2024 | TLTI vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | TLTI vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | TLTI vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | TLTI vs FYEE | |
| Invesco S&P 500 BuyWrite ETF | 0.29% | 344.74M | Dec 2007 | TLTI vs PBP |
Best Risk-Adjusted Alternatives to TLTI
TLTI has a PortfoliosLab risk / return rank of 20. There are 98 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | TLTI vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | TLTI vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | TLTI vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | TLTI vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | TLTI vs TSMY |
Top Performing TLTI Alternatives (YTD)
TLTI is at 0.83% YTD. There are 147 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | TLTI vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | TLTI vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | TLTI vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | TLTI vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | TLTI vs MRNY |
Lowest Volatility Alternatives to TLTI
TLTI has 9.48% 1-year volatility. There are 36 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | TLTI vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | TLTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | TLTI vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | TLTI vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | TLTI vs LQTI |
Lowest Drawdown Alternatives to TLTI
TLTI has a 1-year max drawdown of -6.60%. There are 25 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% | 438.06M | Oct 2022 | TLTI vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | TLTI vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | 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 $52M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| NEOS Boosted S&P 500 High Income ETF | Derivative Income, S&P 500 | — | — | 52.46M | Feb 2026 | TLTI vs XSPI |
Often Compared With TLTI
Investors most often compare TLTI with TLTW, TLT, CSHI. These 20 comparison targets span 15 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