AEMS vs. TLTX

Last updated Jun 25, 2026

AEMS (Anfield Enhanced Market ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - AEMS is a Derivative Income fund managed by Anfield, while TLTX is a Government Bonds fund actively managed by Global X. At a 0.31 correlation, their price movements are largely independent. AEMS charges 1.21%/yr vs 0.29%/yr for TLTX.

Performance

AEMS vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Anfield Enhanced Market ETF (AEMS) 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, AEMS achieves a 12.16% return, which is significantly higher than TLTX's 1.95% return.

AEMS

• 1D: -0.31%
• 1M: -0.71%
• YTD: 12.16%
• 6M: 9.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.82%
• 1M: 2.89%
• YTD: 1.95%
• 6M: 1.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AEMS vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
AEMS Anfield Enhanced Market ETF	12.16%	11.06%
TLTX Global X Treasury Bond Enhanced Income ETF	1.95%	6.02%

Correlation

The correlation between AEMS and TLTX is 0.31, 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	0.31

Return for Risk

AEMS vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Anfield Enhanced Market ETF (AEMS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

AEMS vs. TLTX - Drawdown Comparison

The maximum AEMS drawdown since its inception was -11.37%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for AEMS and TLTX.

Drawdown Indicators

	AEMS	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-11.37%	-6.35%	-5.02%
Current Drawdown Current decline from peak	-3.31%	-1.82%	-1.49%
Average Drawdown Average peak-to-trough decline	-1.53%	-2.29%	+0.76%

Volatility

Volatility by Period

	AEMS	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.88%	9.28%	+7.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.88%	9.28%	+7.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	9.28%	+7.60%

AEMS vs. TLTX - Expense Ratio Comparison

AEMS has a 1.21% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

AEMS vs. TLTX - Dividend Comparison

AEMS's dividend yield for the trailing twelve months is around 6.72%, less than TLTX's 17.11% yield.

Position	TTM	2025
AEMS Anfield Enhanced Market ETF	6.72%	7.53%
TLTX Global X Treasury Bond Enhanced Income ETF	17.11%	7.54%

Frequently Asked Questions

Can I hold both AEMS and TLTX in my portfolio?

AEMS and TLTX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AEMS 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, AEMS or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 1.21% for AEMS.

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

TLTX has the higher dividend yield at 17.11%, compared with 6.72% for AEMS.

What is the main difference between AEMS and TLTX?

AEMS is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: Anfield and Global X. Their fees differ too: 1.21% for AEMS and 0.29% for TLTX.