AIYY vs. TLT
AIYY (YieldMax AI Option Income Strategy ETF) and TLT (iShares 20+ Year Treasury Bond ETF) are both exchange-traded funds - AIYY is a Derivative Income fund actively managed by YieldMax, while TLT is a Government Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index. AIYY is actively managed, while TLT is passively managed. Over the past year, AIYY returned -58.21% vs -1.73% for TLT. Their 0.09 correlation means their historical movements had little consistent relationship. AIYY charges 0.99%/yr vs 0.15%/yr for TLT.
Performance
AIYY vs. TLT - Performance Comparison
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Returns By Period
In the year-to-date period, AIYY achieves a -31.57% return, which is significantly lower than TLT's -2.22% return.
AIYY
- 1D
- -0.41%
- 1M
- 2.85%
- 6M
- -20.07%
- YTD
- -31.57%
- 1Y
- -58.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -41.19%
TLT
- 1D
- 0.22%
- 1M
- -2.48%
- 6M
- -1.90%
- YTD
- -2.22%
- 1Y
- -1.73%
- 3Y*
- -0.82%
- 5Y*
- -7.75%
- 10Y*
- -2.23%
- ALL TIME*
- 3.52%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $433.89K | $548.67K | $787.33K | |
| $2.70B | $2.15B | $2.23B |
AIYY vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AIYY YieldMax AI Option Income Strategy ETF | -31.57% | -58.98% | -14.74% | 0.41% |
TLT iShares 20+ Year Treasury Bond ETF | -2.22% | 4.25% | -8.05% | 8.99% |
Correlation
The correlation between AIYY and TLT is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2023 | 0.09 |
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Return for Risk
AIYY vs. TLT — Risk / Return Rank
AIYY
TLT
AIYY vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax AI Option Income Strategy ETF (AIYY) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
| AIYY | TLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.98 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.22 | -0.70 |
| Martin ratioReturn relative to average drawdown | -1.28 | -0.48 | -0.80 |
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Drawdowns
AIYY vs. TLT - Drawdown Comparison
The maximum AIYY drawdown since its inception was -80.28%, which is greater than TLT's maximum drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for AIYY and TLT.
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Drawdown Indicators
| AIYY | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.28% | -48.35% | -31.93% |
Max Drawdown (1Y)Largest decline over 1 year | -62.82% | -7.74% | -55.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.70% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -77.65% | -41.60% | -36.05% |
Average DrawdownAverage peak-to-trough decline | -43.33% | -14.00% | -29.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.06% | 3.65% | +42.41% |
Volatility
AIYY vs. TLT - Volatility Comparison
YieldMax AI Option Income Strategy ETF (AIYY) has a higher volatility of 9.07% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 2.51%. This indicates that AIYY's price experiences larger fluctuations and is considered to be riskier than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIYY | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 2.51% | +6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 38.61% | 6.88% | +31.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.71% | 9.25% | +44.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.82% | 15.74% | +34.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.82% | 14.83% | +34.99% |
AIYY vs. TLT - Expense Ratio Comparison
AIYY has a 0.99% expense ratio, which is higher than TLT's 0.15% expense ratio.
Dividends
AIYY vs. TLT - Dividend Comparison
AIYY's dividend yield for the trailing twelve months is around 132.88%, more than TLT's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIYY YieldMax AI Option Income Strategy ETF | 132.88% | 168.33% | 98.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.70% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Frequently Asked Questions
AIYY and TLT have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIYY has higher volatility (9.07%) compared to TLT (2.51%). In terms of maximum drawdown, AIYY dropped -80.28% vs TLT's -48.35%.
On 1-year performance, TLT leads with -1.73% vs -58.21% for AIYY. On fees, TLT is cheaper at 0.15% per year. On volatility, TLT has been the lower-risk option at 2.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TLT has performed better with a -1.73% return vs -58.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLT is cheaper with a 0.15% expense ratio, compared with 0.99% for AIYY.
AIYY has the higher dividend yield at 132.88%, compared with 4.70% for TLT.
AIYY is categorized as Derivative Income, while TLT is Government Bonds. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for AIYY and 0.15% for TLT.
TLT currently has the higher Sharpe Ratio (-0.19 vs -1.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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