ABNY vs. TLTX

Last updated Jul 12, 2026

ABNY (YieldMax ABNB Option Income Strategy ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - ABNY is a Derivative Income fund actively managed by YieldMax, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. ABNY charges 0.99%/yr vs 0.29%/yr for TLTX.

Performance

ABNY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax ABNB Option Income Strategy ETF (ABNY) and Global X Treasury Bond Enhanced Income ETF (TLTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABNY achieves a 0.90% return, which is significantly higher than TLTX's -1.19% return.

ABNY

• 1D: 0.00%
• 1M: -0.19%
• 6M: -0.46%
• YTD: 0.90%
• 1Y: 0.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.23%
• 1M: -1.62%
• 6M: -1.59%
• YTD: -1.19%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABNY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
ABNY YieldMax ABNB Option Income Strategy ETF	0.90%	-1.25%
TLTX Global X Treasury Bond Enhanced Income ETF	-1.19%	6.02%

Correlation

The correlation between ABNY and TLTX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.13

Return for Risk

ABNY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax ABNB Option Income Strategy ETF (ABNY) and Global X Treasury Bond Enhanced Income ETF (TLTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ABNY	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	0.09	—	—
Sortino ratio: Return per unit of downside risk	0.29	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.13	—	—
Martin ratio: Return relative to average drawdown	0.25	—	—

Drawdowns

ABNY vs. TLTX - Drawdown Comparison

The maximum ABNY drawdown since its inception was -31.62%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for ABNY and TLTX.

Drawdown Indicators

	ABNY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-31.62%	-6.35%	-25.27%
Max Drawdown (1Y) Largest decline over 1 year	-17.87%	—	—
Current Drawdown Current decline from peak	-15.16%	-4.85%	-10.31%
Average Drawdown Average peak-to-trough decline	-16.23%	-2.33%	-13.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.00%	—	—

Volatility

Volatility by Period

	ABNY	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	9.31%	+15.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.88%	9.31%	+20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.88%	9.31%	+20.57%

ABNY vs. TLTX - Expense Ratio Comparison

ABNY has a 0.99% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

ABNY vs. TLTX - Dividend Comparison

ABNY has not paid dividends to shareholders, while TLTX's dividend yield for the trailing twelve months is around 17.65%.

Position	TTM	2025	2024
ABNY YieldMax ABNB Option Income Strategy ETF	47.58%	53.45%	22.09%
TLTX Global X Treasury Bond Enhanced Income ETF	17.65%	7.54%	0.00%

Frequently Asked Questions

Can I hold both ABNY and TLTX in my portfolio?

ABNY and TLTX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ABNY or TLTX?

On fees, TLTX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ABNY or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.99% for ABNY.

Which ETF pays a higher dividend yield, ABNY or TLTX?

ABNY has the higher dividend yield at 47.58%, compared with 17.65% for TLTX.

What is the main difference between ABNY and TLTX?

ABNY is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for ABNY and 0.29% for TLTX.