DIVO vs. TLTX

Last updated Aug 4, 2026

DIVO (Amplify CWP Enhanced Dividend Income ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - DIVO is a Derivative Income fund actively managed by Amplify, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. Over the past year, DIVO returned 18.65% vs -0.57% for TLTX. Their 0.27 correlation means their historical movements had little consistent relationship. DIVO charges 0.56%/yr vs 0.29%/yr for TLTX.

Performance

DIVO vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify CWP Enhanced Dividend Income ETF (DIVO) 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, DIVO achieves a 8.84% return, which is significantly higher than TLTX's -3.02% return.

DIVO

• 1D: 0.43%
• 1M: 1.83%
• 6M: 4.60%
• YTD: 8.84%
• 1Y: 18.65%
• 3Y*: 15.15%
• 5Y*: 10.88%
• 10Y*: —
• ALL TIME*: 12.67%

TLTX

• 1D: 0.10%
• 1M: -3.42%
• 6M: -2.60%
• YTD: -3.02%
• 1Y: -0.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.69%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIVO Amplify CWP Enhanced Dividend Income ETF	$39.53M	$36.43M	$38.60M
TLTX Global X Treasury Bond Enhanced Income ETF	$182.44K	$196.39K	$333.12K

DIVO vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
DIVO Amplify CWP Enhanced Dividend Income ETF	8.84%	9.17%
TLTX Global X Treasury Bond Enhanced Income ETF	-3.02%	6.02%

Correlation

The correlation between DIVO and TLTX is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.27

Return for Risk

DIVO vs. TLTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DIVO

DIVO Risk / Return Rank: 84
DIVO Sharpe Ratio Rank: 85
DIVO Sortino Ratio Rank: 87
DIVO Omega Ratio Rank: 83
DIVO Calmar Ratio Rank: 83
DIVO Martin Ratio Rank: 82

TLTX

TLTX Risk / Return Rank: 9
TLTX Sharpe Ratio Rank: 10
TLTX Sortino Ratio Rank: 9
TLTX Omega Ratio Rank: 9
TLTX Calmar Ratio Rank: 10
TLTX Martin Ratio Rank: 9

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DIVO vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CWP Enhanced Dividend Income ETF (DIVO) 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.

	DIVO	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	-0.06	+2.08
Sortino ratio: Return per unit of downside risk	2.98	-0.02	+3.00
Omega ratio: Gain probability vs. loss probability	1.36	1.00	+0.36
Calmar ratio: Return relative to maximum drawdown	3.15	-0.09	+3.24
Martin ratio: Return relative to average drawdown	11.15	-0.19	+11.34

DIVO vs. TLTX - Sharpe Ratio Comparison

The current DIVO Sharpe Ratio is 2.02, which is higher than the TLTX Sharpe Ratio of -0.06. The chart below compares the historical Sharpe Ratios of DIVO and TLTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIVO vs. TLTX - Drawdown Comparison

The maximum DIVO drawdown since its inception was -30.04%, which is greater than TLTX's maximum drawdown of -6.70%. Use the drawdown chart below to compare losses from any high point for DIVO and TLTX.

Drawdown Indicators

	DIVO	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-30.04%	-6.70%	-23.34%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-6.70%	+0.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	0.00%	-6.60%	+6.60%
Average Drawdown Average peak-to-trough decline	-2.58%	-2.51%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	3.06%	-1.38%

Volatility

DIVO vs. TLTX - Volatility Comparison

The current volatility for Amplify CWP Enhanced Dividend Income ETF (DIVO) is 2.57%, while Global X Treasury Bond Enhanced Income ETF (TLTX) has a volatility of 2.91%. This indicates that DIVO experiences smaller price fluctuations and is considered to be less risky than TLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIVO	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	2.91%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	7.23%	7.29%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	9.30%	9.46%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.92%	9.42%	+2.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	9.42%	+5.35%

DIVO vs. TLTX - Expense Ratio Comparison

DIVO has a 0.56% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

DIVO vs. TLTX - Dividend Comparison

DIVO's dividend yield for the trailing twelve months is around 6.34%, less than TLTX's 19.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIVO Amplify CWP Enhanced Dividend Income ETF	6.34%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%
TLTX Global X Treasury Bond Enhanced Income ETF	19.28%	7.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DIVO and TLTX in my portfolio?

DIVO and TLTX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIVO or TLTX?

TLTX has higher volatility (2.91%) compared to DIVO (2.57%). In terms of maximum drawdown, DIVO dropped -30.04% vs TLTX's -6.70%.

Which ETF is better, DIVO or TLTX?

On 1-year performance, DIVO leads with 18.65% vs -0.57% for TLTX. On fees, TLTX is cheaper at 0.29% per year. On volatility, DIVO has been the lower-risk option at 2.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DIVO or TLTX?

Over the 1-year period, DIVO has performed better with a 18.65% return vs -0.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DIVO or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.56% for DIVO.

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

TLTX has the higher dividend yield at 19.28%, compared with 6.34% for DIVO.

What is the main difference between DIVO and TLTX?

DIVO is categorized as Derivative Income, while TLTX is Government Bonds. They also come from different issuers: Amplify and Global X. Their fees differ too: 0.56% for DIVO and 0.29% for TLTX.

Which has better risk-adjusted returns?

DIVO currently has the higher Sharpe Ratio (2.02 vs -0.06), 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.