BITK vs. TLTX

Last updated Jun 5, 2026

BITK (Tuttle Capital Bitcoin 0DTE Covered Call ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - BITK is a Derivative Income fund actively managed by Tuttle Capital Management, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. BITK charges 0.99%/yr vs 0.29%/yr for TLTX.

Performance

BITK vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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, BITK achieves a -30.56% return, which is significantly lower than TLTX's 0.25% return.

BITK

• 1D: -2.63%
• 1M: -21.00%
• YTD: -30.56%
• 6M: -35.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: 0.61%
• 1M: 0.23%
• YTD: 0.25%
• 6M: -0.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BITK vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	-30.56%	-27.10%
TLTX Global X Treasury Bond Enhanced Income ETF	0.25%	0.41%

Correlation

The correlation between BITK and TLTX is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 25, 2025	0.07

Return for Risk

BITK vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tuttle Capital Bitcoin 0DTE Covered Call ETF (BITK) 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

	BITK	TLTX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.27	0.70	-1.97

Drawdowns

BITK vs. TLTX - Drawdown Comparison

The maximum BITK drawdown since its inception was -53.87%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for BITK and TLTX.

Drawdown Indicators

	BITK	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-53.87%	-6.35%	-47.52%
Current Drawdown Current decline from peak	-53.87%	-3.46%	-50.41%
Average Drawdown Average peak-to-trough decline	-34.97%	-2.27%	-32.70%

Volatility

Volatility by Period

	BITK	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.52%	9.14%	+40.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.52%	9.14%	+40.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.52%	9.14%	+40.38%

BITK vs. TLTX - Expense Ratio Comparison

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

Dividends

BITK vs. TLTX - Dividend Comparison

BITK's dividend yield for the trailing twelve months is around 46.03%, more than TLTX's 15.70% yield.

Position	TTM	2025
BITK Tuttle Capital Bitcoin 0DTE Covered Call ETF	46.03%	23.15%
TLTX Global X Treasury Bond Enhanced Income ETF	15.70%	7.54%

Frequently Asked Questions

Can I hold both BITK and TLTX in my portfolio?

BITK and TLTX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BITK 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, BITK or TLTX?

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

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

BITK has the higher dividend yield at 46.03%, compared with 15.70% for TLTX.

What is the main difference between BITK and TLTX?

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