GMEY vs. TLTX

Last updated Jun 13, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and TLTX (Global X Treasury Bond Enhanced Income ETF) are both exchange-traded funds - GMEY is a Derivative Income fund actively managed by YieldMax, while TLTX is a Government Bonds fund actively managed by Global X. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. GMEY charges 0.99%/yr vs 0.29%/yr for TLTX.

Performance

GMEY vs. TLTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax GME Option Income Strategy ETF (GMEY) 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, GMEY achieves a 2.94% return, which is significantly higher than TLTX's 0.43% return.

GMEY

• 1D: -0.98%
• 1M: 0.84%
• YTD: 2.94%
• 6M: -3.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TLTX

• 1D: -0.09%
• 1M: 1.40%
• YTD: 0.43%
• 6M: 1.21%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMEY vs. TLTX - Yearly Performance Comparison

	2026 (YTD)	2025
GMEY YieldMax GME Option Income Strategy ETF	2.94%	-15.02%
TLTX Global X Treasury Bond Enhanced Income ETF	0.43%	0.15%

Correlation

The correlation between GMEY and TLTX is 0.17, 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 9, 2025	0.17

Return for Risk

GMEY vs. TLTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) 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.

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

Drawdowns

GMEY vs. TLTX - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, which is greater than TLTX's maximum drawdown of -6.35%. Use the drawdown chart below to compare losses from any high point for GMEY and TLTX.

Drawdown Indicators

	GMEY	TLTX	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-6.35%	-19.32%
Current Drawdown Current decline from peak	-22.32%	-3.29%	-19.03%
Average Drawdown Average peak-to-trough decline	-16.65%	-2.30%	-14.35%

Volatility

Volatility by Period

	GMEY	TLTX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.75%	9.08%	+19.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.75%	9.08%	+19.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	9.08%	+19.67%

GMEY vs. TLTX - Expense Ratio Comparison

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

Dividends

GMEY vs. TLTX - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 53.13%, more than TLTX's 15.67% yield.

Position	TTM	2025
GMEY YieldMax GME Option Income Strategy ETF	53.13%	21.84%
TLTX Global X Treasury Bond Enhanced Income ETF	15.67%	7.54%

Frequently Asked Questions

Can I hold both GMEY and TLTX in my portfolio?

GMEY and TLTX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEY 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, GMEY or TLTX?

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

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

GMEY has the higher dividend yield at 53.13%, compared with 15.67% for TLTX.

What is the main difference between GMEY and TLTX?

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