BRKC vs. TLTI.L

Last updated Jun 4, 2026

BRKC (YieldMax BRK.B Option Income Strategy ETF) and TLTI.L (IncomeShares 20+ Year Treasury (TLT) Options ETP) are both Derivative Income funds. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. BRKC charges 0.99%/yr vs 0.55%/yr for TLTI.L.

Performance

BRKC vs. TLTI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax BRK.B Option Income Strategy ETF (BRKC) and IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKC achieves a -3.65% return, which is significantly higher than TLTI.L's -5.79% return.

BRKC

• 1D: 0.72%
• 1M: 1.28%
• YTD: -3.65%
• 6M: -4.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTI.L

• 1D: -0.51%
• 1M: -0.89%
• YTD: -5.79%
• 6M: -6.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKC vs. TLTI.L - Yearly Performance Comparison

	2026 (YTD)	2025
BRKC YieldMax BRK.B Option Income Strategy ETF	-3.65%	0.37%
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	-5.79%	-0.47%

Correlation

The correlation between BRKC and TLTI.L is 0.03, 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 Jul 1, 2025	0.03

Return for Risk

BRKC vs. TLTI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax BRK.B Option Income Strategy ETF (BRKC) and IncomeShares 20+ Year Treasury (TLT) Options ETP (TLTI.L). 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

	BRKC	TLTI.L	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	-0.66	+0.44

Drawdowns

BRKC vs. TLTI.L - Drawdown Comparison

The maximum BRKC drawdown since its inception was -7.59%, smaller than the maximum TLTI.L drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for BRKC and TLTI.L.

Drawdown Indicators

	BRKC	TLTI.L	Difference
Max Drawdown Largest peak-to-trough decline	-7.59%	-12.35%	+4.76%
Current Drawdown Current decline from peak	-5.59%	-11.55%	+5.96%
Average Drawdown Average peak-to-trough decline	-3.12%	-5.01%	+1.89%

Volatility

Volatility by Period

	BRKC	TLTI.L	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	10.11%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.68%	10.11%	+2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	10.11%	+2.57%

BRKC vs. TLTI.L - Expense Ratio Comparison

BRKC has a 0.99% expense ratio, which is higher than TLTI.L's 0.55% expense ratio.

Dividends

BRKC vs. TLTI.L - Dividend Comparison

BRKC's dividend yield for the trailing twelve months is around 20.15%, more than TLTI.L's 0.11% yield.

Position	TTM	2025
BRKC YieldMax BRK.B Option Income Strategy ETF	20.15%	10.81%
TLTI.L IncomeShares 20+ Year Treasury (TLT) Options ETP	0.11%	0.02%

Frequently Asked Questions

Can I hold both BRKC and TLTI.L in my portfolio?

BRKC and TLTI.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKC or TLTI.L?

On fees, TLTI.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKC or TLTI.L?

TLTI.L is cheaper with a 0.55% expense ratio, compared with 0.99% for BRKC.

What is the main difference between BRKC and TLTI.L?

They also come from different issuers: YieldMax and Leverage Shares. Their fees differ too: 0.99% for BRKC and 0.55% for TLTI.L.