AZYY vs. TLTX

Last updated Jun 6, 2026

AZYY (GraniteShares YieldBoost AMZN ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - AZYY is a Derivative Income fund actively managed by GraniteShares, 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. AZYY charges 1.07%/yr vs 0.29%/yr for TLTX.

Performance

AZYY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBoost AMZN ETF (AZYY) 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, AZYY achieves a -5.17% return, which is significantly lower than TLTX's 0.01% return.

AZYY

• 1D: -0.85%
• 1M: -5.83%
• YTD: -5.17%
• 6M: -3.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.23%
• 1M: -0.35%
• YTD: 0.01%
• 6M: -0.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AZYY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
AZYY GraniteShares YieldBoost AMZN ETF	-5.17%	-5.33%
TLTX Global X Treasury Bond Enhanced Income ETF	0.01%	-0.65%

Correlation

The correlation between AZYY 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 Sep 17, 2025	0.13

Return for Risk

AZYY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost AMZN ETF (AZYY) 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.

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

Sharpe Ratios by Period

	AZYY	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.64	0.67	-1.31

Drawdowns

AZYY vs. TLTX - Drawdown Comparison

The maximum AZYY drawdown since its inception was -23.12%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for AZYY and TLTX.

Drawdown Indicators

	AZYY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-23.12%	-6.35%	-16.77%
Current Drawdown Current decline from peak	-15.06%	-3.69%	-11.37%
Average Drawdown Average peak-to-trough decline	-12.11%	-2.28%	-9.83%

Volatility

Volatility by Period

	AZYY	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.92%	9.12%	+12.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.92%	9.12%	+12.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.92%	9.12%	+12.80%

AZYY vs. TLTX - Expense Ratio Comparison

AZYY has a 1.07% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

AZYY vs. TLTX - Dividend Comparison

AZYY's dividend yield for the trailing twelve months is around 44.15%, more than TLTX's 15.74% yield.

Position	TTM	2025
AZYY GraniteShares YieldBoost AMZN ETF	44.15%	15.86%
TLTX Global X Treasury Bond Enhanced Income ETF	15.74%	7.54%

Frequently Asked Questions

Can I hold both AZYY and TLTX in my portfolio?

AZYY 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, AZYY 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, AZYY or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 1.07% for AZYY.

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

AZYY has the higher dividend yield at 44.15%, compared with 15.74% for TLTX.

What is the main difference between AZYY and TLTX?

AZYY is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: GraniteShares and Global X. Their fees differ too: 1.07% for AZYY and 0.29% for TLTX.