DYLG vs. TLTX

Last updated Jul 17, 2026

DYLG (Global X Dow 30 Covered Call & Growth ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - DYLG is a Derivative Income fund tracking the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross, while TLTX is a Government Bonds fund actively managed by Global X. DYLG is passively managed, while TLTX is actively managed. Over the past year, DYLG returned 17.70% vs 3.72% for TLTX. At a 0.30 correlation, their price movements are largely independent. DYLG charges 0.35%/yr vs 0.29%/yr for TLTX.

Performance

DYLG vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Dow 30 Covered Call & Growth ETF (DYLG) 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, DYLG achieves a 7.76% return, which is significantly higher than TLTX's -1.59% return.

DYLG

• 1D: -0.07%
• 1M: 1.36%
• 6M: 5.73%
• YTD: 7.76%
• 1Y: 17.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.20%
• 1M: -3.45%
• 6M: -2.30%
• YTD: -1.59%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DYLG vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
DYLG Global X Dow 30 Covered Call & Growth ETF	7.76%	9.46%
TLTX Global X Treasury Bond Enhanced Income ETF	-1.59%	6.02%

Correlation

The correlation between DYLG and TLTX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.30

Return for Risk

DYLG vs. TLTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DYLG

DYLG Risk / Return Rank: 68
DYLG Sharpe Ratio Rank: 75
DYLG Sortino Ratio Rank: 76
DYLG Omega Ratio Rank: 75
DYLG Calmar Ratio Rank: 52
DYLG Martin Ratio Rank: 62

TLTX

TLTX Risk / Return Rank: 16
TLTX Sharpe Ratio Rank: 17
TLTX Sortino Ratio Rank: 15
TLTX Omega Ratio Rank: 15
TLTX Calmar Ratio Rank: 18
TLTX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DYLG vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Dow 30 Covered Call & Growth ETF (DYLG) 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.

	DYLG	TLTX	Difference
Sharpe ratio: Return per unit of total volatility	1.89	0.40	+1.49
Sortino ratio: Return per unit of downside risk	2.74	0.64	+2.09
Omega ratio: Gain probability vs. loss probability	1.35	1.08	+0.28
Calmar ratio: Return relative to maximum drawdown	2.14	0.59	+1.55
Martin ratio: Return relative to average drawdown	8.71	1.32	+7.39

DYLG vs. TLTX - Sharpe Ratio Comparison

The current DYLG Sharpe Ratio is 1.89, which is higher than the TLTX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of DYLG 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

DYLG vs. TLTX - Drawdown Comparison

The maximum DYLG drawdown since its inception was -13.98%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for DYLG and TLTX.

Drawdown Indicators

	DYLG	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-13.98%	-6.35%	-7.63%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-6.35%	-1.96%
Current Drawdown Current decline from peak	-0.32%	-5.23%	+4.91%
Average Drawdown Average peak-to-trough decline	-1.80%	-2.38%	+0.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.83%	-0.79%

Volatility

DYLG vs. TLTX - Volatility Comparison

The current volatility for Global X Dow 30 Covered Call & Growth ETF (DYLG) is 1.42%, while Global X Treasury Bond Enhanced Income ETF (TLTX) has a volatility of 2.87%. This indicates that DYLG 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

	DYLG	TLTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	2.87%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	6.92%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	9.40%	9.24%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.32%	9.24%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.32%	9.24%	+2.08%

DYLG vs. TLTX - Expense Ratio Comparison

DYLG has a 0.35% expense ratio, which is higher than TLTX's 0.29% expense ratio.

Dividends

DYLG vs. TLTX - Dividend Comparison

DYLG's dividend yield for the trailing twelve months is around 9.27%, less than TLTX's 17.73% yield.

Position	TTM	2025	2024	2023
DYLG Global X Dow 30 Covered Call & Growth ETF	9.27%	9.63%	16.55%	1.38%
TLTX Global X Treasury Bond Enhanced Income ETF	17.73%	7.54%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DYLG and TLTX in my portfolio?

DYLG and TLTX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DYLG or TLTX?

TLTX has higher volatility (2.87%) compared to DYLG (1.42%). In terms of maximum drawdown, DYLG dropped -13.98% vs TLTX's -6.35%.

Which ETF is better, DYLG or TLTX?

On 1-year performance, DYLG leads with 17.70% vs 3.72% for TLTX. On fees, TLTX is cheaper at 0.29% per year. On volatility, DYLG has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DYLG or TLTX?

Over the 1-year period, DYLG has performed better with a 17.70% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DYLG or TLTX?

TLTX is cheaper with a 0.29% expense ratio, compared with 0.35% for DYLG.

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

TLTX has the higher dividend yield at 17.73%, compared with 9.27% for DYLG.

What is the main difference between DYLG and TLTX?

DYLG is categorized as Derivative Income, while TLTX is Government Bonds. Their fees differ too: 0.35% for DYLG and 0.29% for TLTX.

Which has better risk-adjusted returns?

DYLG currently has the higher Sharpe Ratio (1.89 vs 0.40), 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.